Last quarter (Q3 2023), Duolingo's total revenue was $137.62M, an increase of 43.26% from the same quarter last year. In Q3, Duolingo's net income was $2.81M. See Duolingo’s key income statements, including revenue, expenses, profit, and income.

Income Statement	TTM	Dec 22	Dec 21	Dec 20	Dec 19
Total Revenue	$ 483.95M	$ 369.50M	$ 250.77M	$ 161.70M	$ 70.76M
Cost of Revenue	$ 39.98M	$ 99.43M	$ -69.19M	$ 45.99M	$ 20.74M
Gross Profit	$ 388.43M	$ 270.06M	$ 181.59M	$ 115.71M	$ 50.02M
Operating Expense	$ 202.44M	$ 335.26M	$ -241.59M	$ 131.72M	$ 62.92M
Operating Income	$ -3.23M	$ -65.19M	$ -60.01M	$ -16.01M	$ -12.90M
Net Non Operating Interest Income Expense	$ -1.44M	-	$ 49.00K	-	-
Other Income Expense	$ 62.43M	$ 99.30M	$ 54.76M	$ 303.00K	$ -657.00K
Pretax Income	$ -10.57M	$ -58.64M	$ -59.96M	$ -15.71M	$ -13.55M
Tax Provision	$ -590.00K	$ 938.00K	$ 177.00K	$ 68.00K	$ 0.00
Earnings From Equity Interest Net Of Tax	-	-	-	-	-
Net Income Common Stockholders	$ -9.98M	$ -59.57M	$ -60.13M	$ -15.78M	$ -13.55M
Basic EPS	$ -0.26	$ -1.51	$ -2.57	$ -0.68	$ -0.43
Diluted EPS	$ -0.28	$ -1.51	$ -2.57	$ -0.68	$ -0.43
Basic Average Shares	$ 161.58M	$ 39.47M	$ 23.43M	$ 31.81M	$ 31.81M
Diluted Average Shares	$ 173.91M	$ 39.47M	$ 23.43M	$ 31.81M	$ 31.81M
Dividend Per Share	-	-	-	-	-
Total Operating Income As Reported	-	-	-	-	-
Reported Normalized Basic E P S	-	-	-	-	-
Reported Normalized Diluted E P S	-	-	-	-	-
Rent Expense Supplemental	-	-	-	-	-
Total Expenses	$ 242.41M	$ 434.69M	$ -310.78M	$ 177.71M	$ 83.66M
Net Income From Continuing And Discontinued Operation	$ -9.98M	$ -59.57M	$ -60.13M	$ -15.78M	$ -13.55M
Normalized Income	$ 74.08M	$ 53.11M	-	$ -15.78M	$ -12.33M
Interest Expense	-	-	-	-	-
EBIT	$ -9.13M	$ -58.64M	$ -60.01M	$ -16.01M	$ -12.90M
EBITDA	$ -7.22M	$ -53.77M	$ -57.28M	$ -13.76M	$ -11.65M

Currency in USD

Duolingo Earnings and Revenue History

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