Duolingo (DUOL)

NASDAQConsumer DiscretionarySoftware - ApplicationSnapshot 2026-09-04

$154.46-2.75%

Close 2026-09-04 · 1-day change

QuarterlyIQ Insights · DUOL

Financials

Income statement, balance sheet, and cash flow — annual and quarterly history, as reported.

Income Statement

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Figures in millions of USD, except per-share and ratios.

	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenues
Revenues	1,145.0	1,037.6	748.0	531.1	369.5	250.8	161.7
Cost of Revenues	312.4	288.1	203.6	142.1	99.4	69.2	46.0
Gross Profit	832.6	749.5	544.4	389.0	270.1	181.6	115.7
Operating Expenses & Income
R&D Expenses	337.4	306.3	235.3	194.4	150.4	103.8	53.0
Operating Income	157.1	135.6	62.6	(13.3)	(65.2)	(60.0)	(16.0)
Earnings from Continuing Operations
Other Non-Operating Income / Expenses	(2.2)	1.6	(3.0)	(0.1)	(0.7)	0.0	0.1
Asset Writedown	—	—	—	0.0	0.0	0.0	0.0
EBT, Incl. Unusual Items	201.9	182.4	102.3	17.8	(58.6)	(60.0)	(15.7)
Income Tax Expense	(208.9)	(231.7)	13.7	1.7	0.9	0.2	0.1
Net Income
Net Income	410.8	414.1	88.6	16.1	(59.6)	(60.1)	(15.8)
Per Share
Basic EPS	—	9.05	2.04	0.39	(1.51)	(2.57)	(1.24)
Diluted EPS	8.21	8.57	1.88	0.35	(1.51)	(2.57)	(1.24)
Revenue per Share	22.89	—	—	—	—	—	—
Basic Weighted Avg Shares	—	—	—	—	39.5	23.4	12.7
Diluted Weighted Avg Shares	50.0	48.3	47.1	46.5	39.5	23.4	12.7
Supplemental
EBITDA	—	150.0	73.4	(6.2)	(60.3)	(57.3)	(13.8)
EBIT	157.1	135.6	62.6	(13.3)	(65.2)	(60.0)	(16.0)
Effective Tax Rate	-103.5%	—	—	9.6%	-1.6%	-0.3%	-0.4%

Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.