Duolingo, Inc.

DUOL · XNAS

CIK 1562088fmd_0SBE0DS2BZ5PNHY697EXQYS452Services · Services-Prepackaged SoftwareTemplate: Standard

Coverage: Jan 01, 2020 to Sep 30, 2026, 26 periods

Income Statement · Annual · Millions · USD
Line item	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	162	251	369	531	748	1,038
Cost of revenue	46	69	99	142	204	288
Gross profit	116	182	270	389	544	749
Research and development	53	104	150	194	235	306
Selling, general and administrative	79	138	185	208	246	308
Total operating expenses	132	242	335	402	482	614
Operating income	(16)	(60)	(65)	(13)	63	136
Other non-operating income (expense)	0	0	(1)	(0)	(3)	2
Income before taxes	(16)	(60)	(59)	18	102	182
Income tax expense	0	0	1	2	14	(232)
Net income from continuing operations	(16)	(60)	(60)	16	89	414
Net income	(16)	(60)	(60)	16	89	414