DUOL
Duolingo Inc
NASDAQ: DUOL · TECHNOLOGY · SOFTWARE - APPLICATION
$107.99
-4.95% today
Updated 2026-05-08
Market cap
$5.29B
P/E ratio
13.00
P/S ratio
4.82x
EPS (TTM)
$8.74
Dividend yield
—
52W range
$88 – $545
Volume
2.5M
Duolingo Inc (DUOL) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $70.76M | $161.70M | $250.77M | $369.50M | $531.11M | $748.02M | $1.04B |
| Revenue growth (YoY) | — | +128.5% | +55.1% | +47.3% | +43.7% | +40.8% | +38.7% |
| Cost of revenue | $20.74M | $45.99M | $69.19M | $99.43M | $142.10M | $203.65M | $288.13M |
| Gross profit | $50.02M | $115.71M | $250.77M | $270.06M | $389.00M | $544.38M | $749.46M |
| Gross margin | 70.7% | 71.6% | 100.0% | 73.1% | 73.2% | 72.8% | 72.2% |
| R&D | $31.56M | $53.02M | $103.83M | $150.44M | $194.35M | $235.30M | $306.32M |
| SG&A | $16.37M | $43.71M | $78.59M | $117.85M | $132.12M | $155.99M | $181.89M |
| Operating income | $-14.13M | $-16.01M | $60.01M | $-65.19M | $-13.26M | $62.59M | $135.57M |
| Operating margin | -20.0% | -9.9% | 23.9% | -17.6% | -2.5% | 8.4% | 13.1% |
| EBITDA | $-11.65M | $-13.76M | $2.78M | $-60.33M | $-6.16M | $73.45M | $149.96M |
| EBITDA margin | -16.5% | -8.5% | 1.1% | -16.3% | -1.2% | 9.8% | 14.5% |
| EBIT | $-12.90M | $-16.01M | $51000.00 | $-65.19M | $-13.26M | $62.59M | $135.57M |
| Interest expense | $0.00 | $303000.00 | $49000.00 | $7.24M | — | — | — |
| Income tax | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-13.55M | $-15.78M | $-60.13M | $-59.57M | $16.07M | $88.57M | $414.06M |
| Net income growth (YoY) | — | -16.4% | -281.2% | +0.9% | +127.0% | +451.3% | +367.5% |
| Profit margin | -19.2% | -9.8% | -24.0% | -16.1% | 3.0% | 11.8% | 39.9% |