Duolingo, Inc.
Duolingo, Inc. (DUOL) Financial Performance & Income Statement Overview
Access detailed quarterly and annual financial reports for Duolingo, Inc. (DUOL), covering cash flow, earnings, and balance sheets.
Duolingo, Inc. (DUOL) Income Statement & Financial Overview
Review Duolingo, Inc. DUOL income statement with detailed quarterly and annual figures.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $230.74M | $209.55M | $192.59M | $178.33M |
| Cost of Revenue | $66.65M | $58.92M | $52.18M | $48.65M |
| Gross Profit | $164.10M | $150.63M | $140.41M | $129.68M |
| Gross Profit Ratio | $0.71 | $0.72 | $0.73 | $0.73 |
| R&D Expenses | $70.39M | $66.39M | $62.88M | $54.65M |
| SG&A Expenses | $70.11M | $70.35M | $63.96M | $57.13M |
| Operating Expenses | $140.50M | $136.74M | $126.84M | $110.64M |
| Total Costs & Expenses | $207.15M | $195.67M | $179.02M | $159.29M |
| Interest Income | $10.41M | $10.70M | $11.25M | $10.72M |
| Interest Expense | $0.00 | $0.00 | $0.00 | $0.00 |
| Depreciation & Amortization | $0.00 | $3.66M | $0.00 | $2.24M |
| EBITDA | $27.18M | $18.04M | $13.57M | $21.28M |
| EBITDA Ratio | $0.12 | $0.09 | $0.07 | $0.12 |
| Operating Income | $23.59M | $13.88M | $13.57M | $19.04M |
| Operating Income Ratio | $0.10 | $0.07 | $0.07 | $0.11 |
| Other Income/Expenses (Net) | $11.42M | $8.47M | $11.81M | $10.01M |
| Income Before Tax | $35.01M | $22.35M | $25.39M | $28.71M |
| Income Before Tax Ratio | $0.15 | $0.11 | $0.13 | $0.16 |
| Income Tax Expense | -$125000.00 | $8.45M | $2.03M | $4.36M |
| Net Income | $35.13M | $13.91M | $23.36M | $24.35M |
| Net Income Ratio | $0.15 | $0.07 | $0.12 | $0.14 |
| EPS | $0.78 | $0.31 | $0.49 | $0.56 |
| Diluted EPS | $0.72 | $0.31 | $0.47 | $0.51 |
| Weighted Avg Shares Outstanding | $45.71M | $45.71M | $47.67M | $43.26M |
| Weighted Avg Shares Outstanding (Diluted) | $49.50M | $49.50M | $49.60M | $47.77M |
The company's financials show resilient growth, with revenue advancing from $178.33M in Q2 2024 to $230.74M in Q1 2025. Gross profit remained healthy with margins at 71% in Q1 2025 compared to 73% in Q2 2024. Operating income hit $23.59M last quarter, sustaining a consistent 10% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at $27.18M. Net income rose to $35.13M, while earnings per share reached $0.78. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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