Duolingo (DUOL)
Runs a gamified learning app funded mainly by Super Duolingo and Duolingo Max subscriptions.
$146.35
After hours−1.36 (−0.92%)
At close$147.71(−1.14%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 138 | 151 | 168 | 178 | 193 | 210 | 231 | 252 | 272 | 283 | 292 | 298 |
| Cost of revenue | 38 | 42 | 46 | 49 | 54 | 60 | 68 | 71 | 76 | 78 | 80 | 82 |
| Gross profit | 100 | 109 | 121 | 130 | 139 | 149 | 163 | 181 | 195 | 204 | 212 | 217 |
| 105 | 104 | 105 | 111 | 125 | 135 | 139 | 147 | 156 | 161 | 167 | 183 | |
| Research & development | 50 | 50 | 50 | 55 | 62 | 66 | 70 | 73 | 82 | 79 | 82 | 92 |
| 55 | 55 | 54 | 56 | 63 | 69 | 69 | 74 | 74 | 82 | 85 | 91 | |
| Selling & marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40 |
| General & administrative | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 51 |
| Operating income | −5 | 5 | 16 | 19 | 14 | 14 | 24 | 34 | 40 | 44 | 45 | 34 |
| 7 | 10 | 9 | 10 | 11 | 8 | 11 | 12 | 7 | 11 | 11 | 11 | |
| Interest income | 9 | 9 | 10 | 11 | 11 | 11 | 10 | 11 | 12 | 12 | 12 | 12 |
| Other non-operating income | 0 | −10 | −9 | −10 | −11 | −8 | −11 | −12 | −7 | −11 | −11 | 0 |
| Income before tax | 3 | 15 | 26 | 29 | 25 | 22 | 35 | 46 | 46 | 55 | 56 | 45 |
| Income tax expense | 0 | 3 | −1 | 4 | 2 | 8 | 0 | 2 | −246 | 13 | 12 | 12 |
| Net income from continuing operations | 3 | 12 | 27 | 24 | 23 | 14 | 35 | 45 | 292 | 42 | 43 | 33 |
| Net income | 3 | 12 | 27 | 24 | 23 | 14 | 35 | 45 | 292 | 42 | 43 | 33 |
| EPS, basic | $0.07 | $0.28 | $0.63 | $0.56 | $0.53 | $0.31 | $0.78 | $0.98 | $6.36 | $0.90 | $0.93 | $0.71 |
| EPS, diluted | $0.06 | $0.25 | $0.57 | $0.51 | $0.49 | $0.28 | $0.72 | $0.91 | $5.95 | $0.84 | $0.89 | $0.66 |
| Weighted average shares, basic | 42 | 43 | 43 | 43 | 44 | 45 | 45 | 46 | 46 | 47 | 47 | 47 |
| Weighted average shares, diluted | 47 | 49 | 47 | 48 | 48 | 50 | 48 | 49 | 49 | 50 | 49 | 50 |
| EBITDA | −3 | 17 | 28 | 31 | 28 | 26 | 39 | 50 | 50 | 58 | 60 | 39 |
| Depreciation & amortization | 2 | 2 | 2 | 2 | 3 | 4 | 4 | 3 | 4 | 4 | 4 | 4 |
| EBIT | −5 | 15 | 26 | 29 | 25 | 22 | 35 | 46 | 46 | 55 | 56 | 34 |
