DUOL Q2 2021 Earnings — Duolingo, Inc. Revenue & Financial Results | Market Cap Arena

DUOLDuolingo, Inc.

$5B

Q2 2021 Earnings

Technology Software - Application

Income Statement

Revenue

$59M+47.0% YoY

Gross Profit

$43M72.6% margin

Operating Income

-$478,000-0.8% margin

Net Income

-$176,000-0.3% margin

EPS (Diluted)

$-0.00

QoQ Revenue Growth

+6.2%

Cash Flow

Operating Cash Flow

-$896,000

Free Cash Flow

-$3M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$182M

Total Liabilities

$275M

Stockholders' Equity

-$94M

Cash & Equivalents

$115M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$59M	$40M	+47.0%
Gross Profit	$43M	$28M	+51.3%
Operating Income	-$478,000	$82,000	-682.9%
Net Income	-$176,000	$40,000	-540.0%

Revenue Segments

License and Service

$44M76%

Advertising

$9M16%

English Test

$5M8%