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 |
$293.87 M
|
$209.19 M
|
$147.18 M
|
$103.43 M
|
$69.88 M
|
$46.53 M
|
$21.36 M
|
| Gross Profit |
$743.72 M
|
$538.84 M
|
$383.93 M
|
$266.06 M
|
$180.89 M
|
$115.16 M
|
$49.40 M
|
| Gross Profit Ratio |
0.72
|
0.72
|
0.72
|
0.72
|
0.72
|
0.71
|
0.7
|
| Research and Development Expenses |
$303.00 M
|
$232.94 M
|
$192.70 M
|
$148.94 M
|
$103.79 M
|
$53.02 M
|
$31.56 M
|
| General & Administrative Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling & Marketing Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$299.49 M
|
$242.33 M
|
$204.15 M
|
$181.68 M
|
$133.20 M
|
$77.87 M
|
$30.74 M
|
| Other Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Operating Expenses |
$602.49 M
|
$475.27 M
|
$396.85 M
|
$330.62 M
|
$236.99 M
|
$130.89 M
|
$62.30 M
|
| Cost And Expenses |
$896.35 M
|
$684.46 M
|
$544.03 M
|
$434.05 M
|
$306.87 M
|
$177.43 M
|
$83.66 M
|
| Interest Income |
$45.23 M
|
$42.70 M
|
$31.09 M
|
$7.24 M
|
$0.00
|
$0.00
|
$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 |
$196.80 M |
$113.16 M |
$24.87 M |
-$53.77 M |
-$57.23 M |
-$13.47 M |
-$11.65 M |
| EBITDA Ratio |
0.19
|
0.15
|
0.05
|
-0.15
|
-0.23
|
-0.08
|
-0.16
|
| Operating Income Ratio |
0.14
|
0.08
|
-0.02
|
-0.17
|
-0.22
|
-0.1
|
-0.18
|
| Total Other Income/Expenses Net |
$41.18 M
|
$38.74 M
|
$30.70 M
|
$5.92 M
|
-$3.86 M
|
$21.00 K
|
-$657.00 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 |
-0.38 |
| EPS Diluted |
8.57 |
1.88 |
0.35 |
-1.51 |
-1.57 |
-0.44 |
-0.38 |
| 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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