DUOL FY 2023 Earnings — Duolingo, Inc. Revenue & Financial Results | Market Cap Arena

DUOLDuolingo, Inc.

$5B

FY 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$531M+43.7% YoY

Gross Profit

$389M73.2% margin

Operating Income

-$13M-2.5% margin

Net Income

$16M3.0% margin

EPS (Diluted)

$0.35

Cash Flow

Operating Cash Flow

$154M

Free Cash Flow

$140M

Stock-Based Comp.

$95M

Balance Sheet

Total Assets

$1.9B

Total Liabilities

$1.2B

Stockholders' Equity

$656M

Cash & Equivalents

$748M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$531M	$369M	+43.7%
Gross Profit	$389M	$270M	+44.0%
Operating Income	-$13M	-$65M	+79.7%
Net Income	$16M	-$60M	+127.0%