← Duolingo, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Revenues | $161.7m |
$250.8m
+55.09%
|
$369.5m
+47.34%
|
$531.1m
+43.74%
|
$748.0m
+40.84%
|
$1.0b
+38.71%
|
$1.1b
+10.35%
|
|
| Cost of revenues | $46.0m |
$69.2m
+50.45%
|
$99.4m
+43.72%
|
$142.1m
+42.92%
|
$203.6m
+43.31%
|
$288.1m
+41.49%
|
$312.4m
+8.42%
|
|
| Gross profit | $115.7m |
$181.6m
+56.93%
|
$270.1m
+48.73%
|
$389.0m
+44.04%
|
$544.4m
+39.94%
|
$749.5m
+37.67%
|
$832.6m
+11.10%
|
|
| Research and development | $53.0m | $103.8m | $150.4m | $194.4m | $235.3m | $306.3m | $337.4m | |
| Sales and marketing | $35.0m | $59.2m | $67.0m | $75.8m | $90.5m | $125.7m | — | |
| General and administrative | $43.7m | $78.6m | $117.8m | $132.1m | $156.0m | $181.9m | $189.4m | |
| Total operating expenses | $131.7m | $241.6m | $335.3m | $402.3m | $481.8m | $613.9m | $675.5m | |
| Income from operations | ($16.0m) |
($60.0m)
-274.79%
|
($65.2m)
-8.65%
|
($13.3m)
+79.66%
|
$62.6m
+572.09%
|
$135.6m
+116.58%
|
$157.1m
+15.87%
|
|
| Income (loss) before interest income and income taxes | ($15.9m) | ($60.0m) | ($65.9m) | ($13.3m) | $59.6m | $137.2m | — | |
| Interest income | $231k | $19k | $7.2m | $31.1m | $42.7m | $45.2m | $47.0m | |
| Other income | $157k | $318k | $131k | $590k | $1.3m | $3.4m | — | |
| Other expense | ($85k) | ($288k) | ($807k) | ($645k) | ($4.3m) | ($1.8m) | — | |
| Other income (expense), net | $303k | $49k | ($676k) | ($55k) | ($3.0m) | $1.6m | ($2.2m) | |
| Income before income taxes | ($15.7m) | ($60.0m) | ($58.6m) | $17.8m | $102.3m | $182.4m | $201.9m | |
| (Benefit from) provision for income taxes | $68k | $177k | $938k | $1.7m | $13.7m | ($231.7m) | — | |
| Net income | ($15.8m) |
($60.1m)
-281.18%
|
($59.6m)
+0.93%
|
$16.1m
+126.97%
|
$88.6m
+451.28%
|
$414.1m
+367.48%
|
$410.8m
-0.80%
|
|
| Net income per share attributable to Class A and Class B common stockholders, basic (in usd per share) | ($1) | ($3) | ($2) | $0 | $2 | $9 | — | |
| Net income per share attributable to Class A and Class B common stockholders, diluted (in usd per share) | ($1) | ($3) | ($2) | $0 | $2 | $9 | — | |
| Comprehensive income | ($15.8m) | ($60.1m) | ($59.6m) | $16.1m | $88.6m | $414.1m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.