DUOLDuolingo, Inc.

$5B

Q1 2022 Earnings

Technology Software - Application

Income Statement

Revenue

$81M+46.7% YoY

Gross Profit

$60M73.5% margin

Operating Income

-$12M-14.6% margin

Net Income

-$12M-15.0% margin

EPS (Diluted)

$-0.31

QoQ Revenue Growth

+11.2%

Cash Flow

Operating Cash Flow

$21M

Free Cash Flow

$18M

Stock-Based Comp.

$15M

Balance Sheet

Total Assets

$685M

Total Liabilities

$164M

Stockholders' Equity

$521M

Cash & Equivalents

$577M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$81M	$55M	+46.7%
Gross Profit	$60M	$40M	+48.1%
Operating Income	-$12M	-$13M	+11.7%
Net Income	-$12M	-$13M	+9.8%

DUOL Q1 2022 Earnings — Duolingo, Inc. Revenue & Financial Results | Market Cap Arena