DUOL
Income statement / Annual
Last year (2025), Duolingo Inc's total revenue was $1.04 B,
an increase of 38.71% from the previous year.
In 2025, Duolingo Inc's net income was $414.07 M.
See Duolingo Inc,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2025
|
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
| Period Ended |
12/31/2025 |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
| Operating Revenue |
$1.04 B |
$748.02 M |
$531.11 M |
$369.50 M |
$250.77 M |
$161.70 M |
$70.76 M |
| Cost of Revenue |
$288.13 M
|
$203.65 M
|
$142.11 M
|
$99.43 M
|
$69.19 M
|
$45.99 M
|
$20.74 M
|
| Gross Profit |
$749.46 M
|
$544.38 M
|
$389.00 M
|
$270.06 M
|
$181.59 M
|
$115.71 M
|
$50.02 M
|
| Gross Profit Ratio |
0.72
|
0.73
|
0.73
|
0.73
|
0.72
|
0.72
|
0.71
|
| Research and Development Expenses |
$306.32 M
|
$235.30 M
|
$194.35 M
|
$150.44 M
|
$103.83 M
|
$53.02 M
|
$31.56 M
|
| General & Administrative Expenses |
$181.89 M
|
$155.99 M
|
$132.12 M
|
$117.85 M
|
$78.59 M
|
$43.71 M
|
$16.37 M
|
| Selling & Marketing Expenses |
$125.68 M
|
$90.49 M
|
$75.79 M
|
$66.97 M
|
$59.17 M
|
$34.98 M
|
$14.99 M
|
| Selling, General & Administrative Expenses |
$307.56 M
|
$246.49 M
|
$207.91 M
|
$184.82 M
|
$137.76 M
|
$78.70 M
|
$31.36 M
|
| Other Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$1.23 M
|
| Operating Expenses |
$613.89 M
|
$481.78 M
|
$402.26 M
|
$335.26 M
|
$241.59 M
|
$131.72 M
|
$64.15 M
|
| Cost And Expenses |
$902.02 M
|
$685.43 M
|
$544.37 M
|
$434.69 M
|
$310.78 M
|
$177.71 M
|
$84.89 M
|
| Interest Income |
$45.23 M
|
$42.70 M
|
$31.09 M
|
$7.24 M
|
$19.00 K
|
$231.00 K
|
$0.00
|
| Interest Expense |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Depreciation & Amortization |
$14.39 M
|
$10.85 M
|
$7.10 M
|
$4.87 M
|
$2.73 M
|
$2.26 M
|
$1.25 M
|
| EBITDA |
$149.96 M |
$73.45 M |
-$6.16 M |
-$60.33 M |
-$57.28 M |
-$13.76 M |
-$11.65 M |
| EBITDA Ratio |
0.14
|
0.1
|
-0.01
|
-0.16
|
-0.23
|
-0.09
|
-0.16
|
| Operating Income Ratio |
0.13
|
0.08
|
-0.02
|
-0.18
|
-0.24
|
-0.1
|
-0.2
|
| Total Other Income/Expenses Net |
$46.84 M
|
$39.71 M
|
$31.04 M
|
$6.56 M
|
$49.00 K
|
$303.00 K
|
$571.00 K
|
| Income Before Tax |
$182.41 M
|
$102.31 M
|
$17.78 M
|
-$58.64 M
|
-$59.96 M
|
-$15.71 M
|
-$13.55 M
|
| Income Before Tax Ratio |
0.18
|
0.14
|
0.03
|
-0.16
|
-0.24
|
-0.1
|
-0.19
|
| Income Tax Expense |
-$231.66 M
|
$13.73 M
|
$1.71 M
|
$938.00 K
|
$177.00 K
|
$68.00 K
|
$0.00
|
| Net Income |
$414.07 M
|
$88.57 M
|
$16.07 M
|
-$59.57 M
|
-$60.14 M
|
-$15.78 M
|
-$13.55 M
|
| Net Income Ratio |
0.4
|
0.12
|
0.03
|
-0.16
|
-0.24
|
-0.1
|
-0.19
|
| EPS |
9.05 |
2.04 |
0.35 |
-1.51 |
-1.57 |
-0.44 |
-0.41 |
| EPS Diluted |
8.57 |
1.88 |
0.35 |
-1.51 |
-1.57 |
-0.44 |
-0.41 |
| Weighted Average Shares Out |
$45.77 M
|
$43.50 M
|
$46.52 M
|
$39.47 M
|
$38.27 M
|
$35.89 M
|
$35.89 M
|
| Weighted Average Shares Out Diluted |
$48.31 M
|
$47.10 M
|
$46.52 M
|
$39.47 M
|
$38.27 M
|
$35.89 M
|
$35.89 M
|
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