Duolingo
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Duolingo's past years’ income statements indicate that its last revenue has increased compared to the previous period by 44% to $531,109,000. The net income raised on $16,067,000 and profit margin reached 3%. Total operating expenses were $402,263,000.
Profit Margin
| 2019 | 70.76M | -14.78M | -20.89% |
|---|---|---|---|
| 2020 | 161.69M | -15.77M | -9.76% |
| 2021 | 250.77M | -60.13M | -23.98% |
| 2022 | 369.49M | -59.57M | -16.12% |
| 2023 | 531.10M | 16.06M | 3.03% |
DUOL Income Statement (2019 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
Revenue | |||||
Revenue | 531.10M | 369.49M | 250.77M | 161.69M | 70.76M |
Cost of revenue | 142.10M | 99.43M | 69.18M | 45.98M | 20.73M |
Gross profit | 389.00M | 270.06M | 181.58M | 115.70M | 50.02M |
Operating exp. | |||||
Research and development | 194.35M | 150.44M | 103.83M | 53.02M | 31.56M |
Selling and marketing | 75.78M | 66.96M | 59.17M | 34.98M | 14.98M |
Total operating expenses | 402.26M | 335.25M | 241.59M | 131.72M | 62.92M |
Operating income | -13.25M | -65.19M | -60.00M | -16.01M | -12.89M |
Other income (expenses), net | 31.03M | 6.55M | 49K | 303K | -657K |
Income before tax | 17.77M | -58.63M | -59.95M | -15.70M | -13.55M |
Income tax expense | 1.71M | 938K | 177K | 68K | 1.22M |
Net income | 16.06M | -59.57M | -60.13M | -15.77M | -14.78M |
Earnings per share | |||||
Basic EPS | 0.35 | -1.51 | -1.57 | -0.44 | -0.41 |
Diluted EPS | 0.35 | -1.51 | -1.57 | -0.44 | -0.41 |
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