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Duolingo, Inc. income statement

In fiscal 2025, Duolingo, Inc. reported revenue of $1.04bn, up 38.7% on the year before, operating income of $136m (a 13.1% margin) and net income of $414m, or $8.57 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue1622513695317481,0381,145
Cost of revenue466999142204288312
Gross profit116182270389544749833
Research and development53104150194235306337
Selling and marketing3559677690126149
General and administrative4479118132156182189
Operating income−16−60−65−1363136157
Income before tax−16−60−5918102182202
Income tax001214−232−209
Net income−16−60−601689414411
Diluted EPS−$1.24−$2.57−$1.51$0.35$1.88$8.57$8.44
Diluted shares (average)13m23m39m47m47m48m49m
EBITDA−14−57−60−673150168

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Duolingo, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Duolingo, Inc.