DUOL
Duolingo, Inc.
NASDAQ · USTechnologySoftware - Application
$133.89+0.03%
Price as of Jul 20, 2026
DUOL financials
Duolingo, Inc. financial statements
Annual and quarterly income statement, balance sheet and cash-flow history. On small screens, start with four periods and expand the table when needed.
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $1.0B | $748.0M | $531.1M | $369.5M |
| Cost of revenue | $293.9M | $209.2M | $147.2M | $103.4M |
| Gross profit | $743.7M | $538.8M | $383.9M | $266.1M |
| Operating expenses | $602.5M | $475.3M | $396.9M | $330.6M |
| Operating income | $141.2M | $63.6M | -$12.9M | -$64.6M |
| Net income | $414.1M | $88.6M | $16.1M | -$59.6M |
| EBITDA | $196.8M | $113.2M | $24.9M | -$53.8M |
| Basic EPS | $9.05 | $2.04 | $0.35 | $-1.51 |
| Diluted EPS | $8.57 | $1.88 | $0.35 | $-1.51 |
| Balance sheet | ||||
| Cash & equivalents | $1.0B | $785.8M | $747.6M | $608.2M |
| Total assets | $2.0B | $1.3B | $954.0M | $747.3M |
| Total liabilities | $645.2M | $477.2M | $298.5M | $205.3M |
| Stockholders’ equity | $1.3B | $824.5M | $655.5M | $542.1M |
| Total debt | $93.8M | $57.2M | $25.0M | $28.4M |
| Net debt | -$942.6M | -$728.6M | -$722.6M | -$579.8M |
| Cash flow | ||||
| Operating cash flow | $387.8M | $285.5M | $153.6M | $53.7M |
| Capital expenditure | -$18.1M | -$12.1M | -$3.2M | -$5.6M |
| Free cash flow | $369.7M | $273.4M | $150.4M | $48.1M |
| Dividends paid | $0.00 | $0.00 | $0.00 | $0.00 |
| Share repurchases | $0.00 | $0.00 | $0.00 | $0.00 |