See more : TVI Pacific Inc. (TVIPF) Income Statement Analysis – Financial Results
Complete financial analysis of Duolingo, Inc. (DUOL) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Duolingo, Inc., a leading company in the Software – Application industry within the Technology sector.
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Duolingo, Inc. (DUOL)
About Duolingo, Inc.
Duolingo, Inc. develops a language-learning website and mobile app in the United States and China. The company offers courses in 40 different languages, including Spanish, English, French, Japanese, German, Italian, Chinese, Portuguese, and others. It also provides a digital language proficiency assessment exam. The company was incorporated in 2011 and is headquartered in Pittsburgh, Pennsylvania.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2001 |
|---|---|---|---|---|---|---|
| Revenue | 531.11M | 369.50M | 250.77M | 161.70M | 70.76M | 51.00K |
| Cost of Revenue | 142.11M | 99.43M | 69.19M | 45.99M | 20.74M | 0.00 |
| Gross Profit | 389.00M | 270.06M | 181.59M | 115.71M | 50.02M | 51.00K |
| Gross Profit Ratio | 73.24% | 73.09% | 72.41% | 71.56% | 70.69% | 100.00% |
| Research & Development | 194.35M | 150.44M | 103.83M | 53.02M | 31.56M | 0.00 |
| General & Administrative | 132.12M | 117.85M | 78.59M | 43.71M | 16.37M | 0.00 |
| Selling & Marketing | 75.79M | 66.97M | 59.17M | 34.98M | 14.99M | 0.00 |
| SG&A | 207.91M | 184.82M | 137.76M | 78.70M | 31.36M | 0.00 |
| Other Expenses | 0.00 | -676.00K | 49.00K | 303.00K | 571.00K | 0.00 |
| Operating Expenses | 402.26M | 335.26M | 241.59M | 131.72M | 62.92M | 0.00 |
| Cost & Expenses | 544.37M | 434.69M | 310.78M | 177.71M | 83.66M | 0.00 |
| Interest Income | 31.09M | 7.24M | 19.00K | 231.00K | 0.00 | 0.00 |
| Interest Expense | 0.00 | 7.24M | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 7.10M | 4.87M | 2.73M | 2.26M | 1.25M | 0.00 |
| EBITDA | -5.83M | -60.03M | -57.28M | -13.76M | -11.65M | 51.00K |
| EBITDA Ratio | -1.10% | -16.33% | -22.84% | -8.51% | -14.72% | 100.00% |
| Operating Income | -13.26M | -65.20M | -60.01M | -16.01M | -12.90M | 51.00K |
| Operating Income Ratio | -2.50% | -17.64% | -23.93% | -9.90% | -18.23% | 100.00% |
| Total Other Income/Expenses | 31.04M | 6.56M | 49.00K | 303.00K | -657.00K | 0.00 |
| Income Before Tax | 17.78M | -58.64M | -59.96M | -15.71M | -13.55M | 0.00 |
| Income Before Tax Ratio | 3.35% | -15.87% | -23.91% | -9.71% | -19.15% | 0.00% |
| Income Tax Expense | 1.71M | 938.00K | 177.00K | 68.00K | 1.23M | 0.00 |
| Net Income | 16.07M | -59.57M | -60.14M | -15.78M | -14.78M | 0.00 |
| Net Income Ratio | 3.03% | -16.12% | -23.98% | -9.76% | -20.89% | 0.00% |
| EPS | 0.35 | -1.51 | -1.57 | -0.44 | -0.41 | 0.00 |
| EPS Diluted | 0.35 | -1.51 | -1.57 | -0.44 | -0.41 | 0.00 |
| Weighted Avg Shares Out | 46.52M | 39.47M | 38.27M | 35.89M | 35.89M | 0.00 |
| Weighted Avg Shares Out (Dil) | 46.52M | 39.47M | 38.27M | 35.89M | 35.89M | 0.00 |
1 Spectacular Reason to Buy Duolingo Stock Right Now
Duolingo is the world's largest digital language education platform. It has 103.6 million monthly active users, and a growing percentage of them are paid subscribers.
Duolingo, Inc. (DUOL) Just Overtook the 200-Day Moving Average
After reaching an important support level, Duolingo, Inc. (DUOL) could be a good stock pick from a technical perspective. DUOL surpassed resistance at the 200-day moving average, suggesting a long-term bullish trend.
Duolingo (DUOL) Rises 15% in a Month: Is it Time to Invest?
For investors seeking a robust and forward-thinking player in the language-learning sector, Duolingo (DUOL) emerges as a compelling option to consider.
Is Duolingo Stock a Buy?
Duolingo launched product features that helped it increase daily active users by 59% year over year in Q2. It's rolling out new AI-powered language courses that can boost its all-important subscription income.
2 Magnificent Stocks That Are Screaming Buys in August
While the stock market has been volatile lately, quality businesses are still performing. Hims & Hers Health is profitable and rapidly expanding its subscriber base.
Surging Earnings Estimates Signal Upside for Duolingo (DUOL) Stock
Duolingo (DUOL) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Duolingo Partners with Sony Music to Add Hit Recordings From Major Artists to Music Course
Learn to play popular tracks from Dove Cameron, Hozier, Meghan Trainor, Whitney Houston and more Learn to play popular tracks from Dove Cameron, Hozier, Meghan Trainor, Whitney Houston and more
Brokers Suggest Investing in Duolingo (DUOL): Read This Before Placing a Bet
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Duolingo: Q2 2024 Offers More Compelling Reasons To Buy Now
Duolingo is a strong growth stock pick at ~190/share with impressive financial performance, strong user growth and an attractive valuation. The company's strengths include unique user experience, marketing savvy and its embrace of generative AI. Risks include potential generative AI...
Duolingo, Inc. (DUOL) Is a Trending Stock: Facts to Know Before Betting on It
Zacks.com users have recently been watching Duolingo (DUOL) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
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