$DUOL

Duolingo, Inc.

CIK:0001562088|SEC Filings
v3.25.3
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Revenues $ 271,713 $ 192,594 $ 754,721 $ 538,474
Cost of revenues 74,802 52,180 211,133 144,720
Gross profit 196,911 140,414 543,588 393,754
Operating expenses:        
Research and development 82,707 62,878 226,767 168,903
Sales and marketing 35,081 25,574 91,306 65,679
General and administrative 43,964 38,388 133,399 110,459
Total operating expenses 161,752 126,840 451,472 345,041
Income from operations 35,159 13,574 92,116 48,713
Other (expense) income, net (503) 569 2,158 (759)
Income before interest income and income taxes 34,656 14,143 94,274 47,954
Interest income 11,793 11,246 33,635 32,000
Income before income taxes 46,449 25,389 127,909 79,954
(Benefit from) provision for income taxes (245,746) 2,029 (244,202) 5,287
Net income 292,195 23,360 372,111 74,667
Comprehensive income $ 292,195 $ 23,360 $ 372,111 $ 74,667
Net income per share attributable to Class A and Class B common stockholders, basic (in usd per share) $ 6.36 $ 0.53 $ 8.17 $ 1.73
Net income per share attributable to Class A and Class B common stockholders, diluted (in usd per share) $ 5.95 $ 0.49 $ 7.63 $ 1.57