DUOL Q2 2024 Earnings — Duolingo, Inc. Revenue & Financial Results | Market Cap Arena

DUOLDuolingo, Inc.

$5B

Q2 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$178M+40.6% YoY

Gross Profit

$131M73.4% margin

Operating Income

$19M10.5% margin

Net Income

$24M13.7% margin

EPS (Diluted)

$0.51

QoQ Revenue Growth

+6.4%

Cash Flow

Operating Cash Flow

$62M

Free Cash Flow

$54M

Stock-Based Comp.

$27M

Balance Sheet

Total Assets

$2.2B

Total Liabilities

$1.4B

Stockholders' Equity

$767M

Cash & Equivalents

$888M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$178M	$127M	+40.6%
Gross Profit	$131M	$93M	+40.8%
Operating Income	$19M	-$5M	+484.4%
Net Income	$24M	$4M	+553.7%

Revenue Segments

License and Service

$144M81%

Advertising

$13M7%

English Test

$11M6%

In-App Purchases

$10M6%

Product And Service, Other Miscellaneous

$286,0000%