Income Statement
DUOLINGO, INC.
DUOL
Performance Overview
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in millions USD
| Metric | Dec 31, 2025 2025 FY | Dec 31, 2024 2024 FY | Dec 31, 2023 2023 FY | Dec 31, 2022 2022 FY | Dec 31, 2021 2021 FY |
|---|---|---|---|---|---|
|
Revenue
|
1,037.59 | 748.02 | 531.11 | 369.50 | 250.77 |
|
Cost of Revenue
|
288.13 | 203.65 | 142.11 | 99.43 | 69.19 |
|
Gross Profit
|
749.46 | 544.38 | 389.00 | 270.06 | 181.59 |
|
Operating Expenses
|
613.89 | 481.78 | 402.26 | 335.26 | 241.59 |
|
Research & Development
|
306.32 | 235.30 | 194.35 | 150.44 | 103.83 |
|
Selling, General & Administrative
|
181.89 | 155.99 | 132.12 | 117.85 | 78.59 |
|
Other Operating Expenses
|
- | - | - | - | - |
|
Operating Income
|
135.57 | 62.60 | -13.26 | -65.20 | -60.01 |
|
Non-Operating Income
|
1.61 | -2.99 | -0.06 | -0.68 | 0.05 |
|
Interest Income
|
45.23 | 42.70 | 31.09 | 7.24 | - |
|
Interest Expense
|
- | - | - | - | - |
|
Other Non-Op Income / Expense
|
- | - | - | - | - |
|
Income Before Tax
|
182.41 | 102.31 | 17.78 | -58.64 | -59.96 |
|
Income Tax Expense
|
-231.66 | 13.73 | 1.71 | 0.94 | 0.18 |
|
Non-Controlling Interest
|
- | - | - | - | - |
|
Net Income
|
414.07 | 88.57 | 16.07 | -59.57 | -60.14 |
Supplemental
Per share data, derived & other items — not part of the income statement
in millions USD unless noted
| Metric | Dec 31, 2025 2025 FY | Dec 31, 2024 2024 FY | Dec 31, 2023 2023 FY | Dec 31, 2022 2022 FY | Dec 31, 2021 2021 FY |
|---|---|---|---|---|---|
|
Depreciation & Amortization
|
- | - | - | - | - |
|
EBITDA
|
149.96 | 73.45 | -6.16 | -60.33 | -57.28 |
|
Earnings Per Share (Basic)
|
9.05 | 2.04 | 0.39 | -1.51 | -2.57 |
|
Diluted EPS
|
8.57 | 1.88 | 0.35 | -1.51 | -2.57 |
|
Weighted Average Shares
|
45.77 | 43.50 | 41.45 | 39.47 | 23.43 |
|
Diluted Weighted Avg Shares
|
48.31 | 47.10 | 46.52 | 39.47 | 23.43 |
|
Comprehensive Income
|
414.07 | 88.57 | 16.07 | -59.57 | -60.14 |