DUOL Q1 2023 Earnings — Duolingo, Inc. Revenue & Financial Results | Market Cap Arena

DUOLDuolingo, Inc.

$5B

Q1 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$116M+42.4% YoY

Gross Profit

$84M72.8% margin

Operating Income

-$9M-7.4% margin

Net Income

-$3M-2.2% margin

EPS (Diluted)

$-0.06

QoQ Revenue Growth

+11.4%

Cash Flow

Operating Cash Flow

$30M

Free Cash Flow

$28M

Stock-Based Comp.

$21M

Balance Sheet

Total Assets

$790M

Total Liabilities

$225M

Stockholders' Equity

$565M

Cash & Equivalents

$641M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$116M	$81M	+42.4%
Gross Profit	$84M	$60M	+40.9%
Operating Income	-$9M	-$12M	+28.1%
Net Income	-$3M	-$12M	+78.8%