Duolingo Statements
DU
Duolingo Income Statement
B
M
USD (except Earnings per share)
Financial
Revenue
Cost of sales
Gross profit
Research and development
Selling, general and administrative
Total operating expenses
Operating income
Interest expense
Other income
Income before tax
Provision for income taxes
Net income
Diluted earnings per share
Shares outstanding after dilution
178.33
100
47.349
26.6
130.98
73.4
54.647
30.6
55.995
31.4
111.94
62.8
19.037
10.7
10.721
6
-0.707
-0.4
28.714
16.1
4.363
2.4
24.351
13.7
0.51
47.77
167.55
100
45.191
27
122.36
73
50.438
30.4
54.259
32.9
105.92
63.2
16.439
9.8
10.033
6
-0.621
-0.4
25.851
15.4
-1.105
-0.7
26.956
16.1
0.569
47.353
150.99
100
40.571
26.9
110.41
73.1
49.837
33
54.553
36.1
105.62
70
4.795
3.2
9.284
6.1
0.404
0.3
15.133
10
3.016
2
12.117
8
0.259
46.837
137.6
100
36.3
26.4
101.4
73.7
49.9
36.3
54.8
39.8
105.9
77
-4.6
-3.3
8.6
6.3
-0.6
-0.4
2.9
2.1
0.1
0.07
2.8
2
0.06
46.9
126.8
100
33.8
26.7
93.1
73.4
47.5
37.5
49
38.6
97.8
77.1
-4.8
-3.8
7.5
5.9
-0.3
-0.2
2.4
1.9
-1.3
-1.03
3.7
2.9
0.08
46.9
115.7
100
31.5
27.2
84.2
72.8
45.4
39.2
45.8
39.6
92.6
80
-8.4
-7.3
5.6
4.8
0.1
0.09
-2.7
-2.3
-0.1
-0.09
-2.6
-2.2
-0.06
40.6
103.8
100
27.8
26.8
76.1
73.3
44.5
42.9
49.5
47.7
94.2
90.8
-18.2
-17.5
7.2
6.9
-2.3
-2.2
-13.2
-12.7
0.7
0.7
-13.9
-13.4
-0.35
40.3
96.1
100
26.3
27.4
69.8
72.6
42
43.7
47.7
49.6
89.9
93.5
-20.2
-21.02
—
0
1.8
1.9
-18.4
-19.1
0.1
0.1
-18.4
-19.1
-0.46
39.8
88.4
100
23.9
27
64.5
73
34.2
38.7
44.7
50.6
79.4
89.8
-14.9
-16.9
—
0
0.1
0.1
-14.9
-16.9
0.1
0.1
-15
-17
-0.38
39.3
81.2
100
21.5
26.5
59.7
73.5
29.8
36.7
41.4
51
71.4
87.9
-11.6
-14.3
—
0
-0.3
-0.4
-12.1
-14.9
—
0
-12.2
-15.02
-0.31
38.6
73
100
20
27.4
53.1
72.7
30
41.1
39.6
54.2
69.7
95.5
-16.7
-22.9
—
0
—
0
-17.4
-23.8
0.1
0.1
-17.5
-24
-0.46
37.9
63.6
100
18.1
28.5
45.5
71.5
29.3
46.1
43.2
67.9
72.6
114.2
-27.1
-42.6
—
0
-0.2
-0.3
-28.9
-45.4
0.1
0.2
-29
-45.6
-0.98
29.5
58.8
100
16.1
27.4
42.7
72.6
21.9
37.2
20.7
35.2
42.9
73
-0.2
-0.3
—
0
0.3
0.5
-0.2
-0.3
—
0
-0.2
-0.3
—
37.4
55.4
100
15
27.1
40.3
72.7
22.5
40.6
25.5
46
48.2
87
-7.8
-14.08
—
0
—
0
-13.5
-24.4
—
0
-13.5
-24.4
-0.38
35.9