Financial Snapshot

Revenue
$689.5M
TTM
Gross Margin
73.13%
TTM
Net Earnings
$86.78M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
309.36%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$822.5M
Q3 2024
Cash
Q3 2024
P/E
184.8
Nov 29, 2024 EST
Free Cash Flow
$232.1M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $531.1M $369.5M $250.8M $161.7M $70.76M
YoY Change 43.74% 47.34% 55.09% 128.51%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $531.1M $369.5M $250.8M $161.7M $70.76M
Cost Of Revenue $142.1M $99.43M $69.19M $45.99M $20.74M
Gross Profit $389.0M $270.1M $181.6M $115.7M $50.02M
Gross Profit Margin 73.24% 73.09% 72.41% 71.56% 70.69%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $207.9M $184.8M $137.8M $78.70M $31.97M
YoY Change 12.5% 34.16% 75.05% 146.18%
% of Gross Profit 53.45% 68.43% 75.86% 68.01% 63.9%
Research & Development $194.4M $150.4M $103.8M $53.02M $31.56M
YoY Change 29.19% 44.89% 95.82% 68.01%
% of Gross Profit 49.96% 55.71% 57.18% 45.83% 63.09%
Depreciation & Amortization $7.095M $4.870M $2.726M $2.256M $1.251M
YoY Change 45.69% 78.65% 20.83% 80.34%
% of Gross Profit 1.82% 1.8% 1.5% 1.95% 2.5%
Operating Expenses $402.3M $335.3M $241.6M $131.7M $64.15M
YoY Change 19.99% 38.77% 83.41% 105.34%
Operating Profit -$13.26M -$65.20M -$60.01M -$16.01M -$14.13M
YoY Change -79.66% 8.65% 274.79% 13.35%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense $31.09M $7.235M
YoY Change 329.73%
% of Operating Profit
Other Income/Expense, Net -$55.00K -$676.0K $49.00K $303.0K $571.0K
YoY Change -91.86% -1479.59% -83.83% -46.94%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income $17.78M -$58.64M -$59.96M -$15.71M -$13.55M
YoY Change -130.32% -2.2% 281.7% 15.89%
Income Tax $1.710M $938.0K $177.0K $68.00K $0.00
% Of Pretax Income 9.62%
Net Earnings $16.07M -$59.57M -$60.14M -$15.78M -$13.55M
YoY Change -126.97% -0.93% 281.18% 16.39%
Net Earnings / Revenue 3.03% -16.12% -23.98% -9.76% -19.15%
Basic Earnings Per Share $0.39 -$1.51 -$2.57 -$1.24
Diluted Earnings Per Share $0.35 -$1.51 -$2.57 -$1.24 -$377.6K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $747.6M $608.2M $553.9M $120.5M $59.84M
YoY Change 22.93% 9.8% 359.72% 101.34%
Cash & Equivalents $747.6M $608.2M $553.9M $120.5M $59.84M
Short-Term Investments
Other Short-Term Assets $61.21M $42.28M $32.19M $17.44M $9.075M
YoY Change 44.8% 31.35% 84.55% 92.18%
Inventory
Prepaid Expenses
Receivables $88.98M $46.73M $33.16M $20.45M $10.01M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $897.8M $697.2M $619.3M $158.4M $78.92M
YoY Change 28.78% 12.58% 291.0% 100.68%
Property, Plant & Equipment $30.90M $35.48M $36.58M $14.50M $13.82M
YoY Change -12.92% -3.02% 152.26% 4.92%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.219M $2.140M $894.0K $562.0K $524.0K
YoY Change 143.88% 139.37% 59.07% 7.25%
Total Long-Term Assets $56.16M $50.16M $42.04M $17.36M $16.14M
YoY Change 11.95% 19.32% 142.18% 7.58%
Total Assets $954.0M $747.3M $661.3M $175.7M $95.06M
YoY Change
Accounts Payable $2.447M $1.177M $7.818M $2.196M $3.811M
YoY Change 107.9% -84.94% 256.01% -42.38%
Accrued Expenses $20.61M $15.00M $8.808M $5.814M $1.844M
YoY Change 37.46% 70.25% 51.5% 215.29%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $277.4M $181.8M $119.1M $65.69M $32.11M
YoY Change 52.59% 52.58% 81.35% 104.6%
Long-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $21.09M $23.50M $29.12M $8.131M $9.242M
YoY Change -10.25% -19.3% 258.18% -12.02%
Total Long-Term Liabilities $21.09M $23.50M $29.12M $8.131M $9.242M
YoY Change -10.25% -19.3% 258.18% -12.02%
Total Liabilities $298.5M $205.3M $148.3M $73.82M $41.35M
YoY Change 45.4% 38.46% 100.83% 78.53%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 39.47M shares 23.43M shares 12.74M shares
Diluted Shares Outstanding 46.52M shares 39.47M shares 23.43M shares 12.74M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $16.039 Billion

About Duolingo, Inc.

Duolingo, Inc. is a language-learning website and mobile application, which engages in the development of a free language learning website and crowd sourced text translation platform. The company is headquartered in Pittsburgh, Pennsylvania and currently employs 720 full-time employees. The company went IPO on 2021-07-28. The firm is engaged in offering mobile learning platform, as well as a digital language proficiency assessment exam. The company operates a freemium business model namely the app and the Website are accessible free of charge, although Duolingo also offers premium services for a subscription fee. Its solutions consist of the Duolingo App, Super Duolingo, Duolingo Max, Duolingo English Test: AI-Driven Language Assessment, Duolingo for Schools, and Duolingo ABC. The Duolingo App offers courses in over 40 different languages, including Spanish, English, French, German, Italian, Portuguese, Japanese and Chinese. Duolingo can also be accessed by desktop computers via a web browser. Its subscription offering, Super Duolingo, offers learners additional features to enhance their learning experience. The company is also engaged in operating an animation and motion design studio.

Industry: Services-Prepackaged Software Peers: BRIGHT HORIZONS FAMILY SOLUTIONS INC. CHEGG, INC Graham Holdings Co Grand Canyon Education, Inc. Stride, Inc. LAUREATE EDUCATION, INC. POWERSCHOOL HOLDINGS, INC. Udemy, Inc.