DUOL Q2 2023 Earnings — Duolingo, Inc. Revenue & Financial Results | Market Cap Arena

DUOLDuolingo, Inc.

$5B

Q2 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$127M+43.5% YoY

Gross Profit

$93M73.4% margin

Operating Income

-$5M-3.8% margin

Net Income

$4M2.9% margin

EPS (Diluted)

$0.08

QoQ Revenue Growth

+9.7%

Cash Flow

Operating Cash Flow

$37M

Free Cash Flow

$34M

Stock-Based Comp.

$24M

Balance Sheet

Total Assets

$835M

Total Liabilities

$238M

Stockholders' Equity

$596M

Cash & Equivalents

$679M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$127M	$88M	+43.5%
Gross Profit	$93M	$65M	+44.2%
Operating Income	-$5M	-$15M	+67.6%
Net Income	$4M	-$15M	+124.8%