DUOL Q1 2024 Earnings — Duolingo, Inc. Revenue & Financial Results | Market Cap Arena

DUOLDuolingo, Inc.

$5B

Q1 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$168M+44.9% YoY

Gross Profit

$122M73.0% margin

Operating Income

$16M9.8% margin

Net Income

$27M16.1% margin

EPS (Diluted)

$0.57

QoQ Revenue Growth

+11.0%

Cash Flow

Operating Cash Flow

$84M

Free Cash Flow

$78M

Stock-Based Comp.

$25M

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$358M

Stockholders' Equity

$711M

Cash & Equivalents

$830M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$168M	$116M	+44.9%
Gross Profit	$122M	$84M	+45.4%
Operating Income	$16M	-$9M	+293.0%
Net Income	$27M	-$3M	+1144.0%

Revenue Segments

License and Service

$132M79%

Advertising

$13M8%

English Test

$13M8%

In-App Purchases

$10M6%

Product And Service, Other Miscellaneous

$234,0000%