DUOL Q3 2021 Earnings — Duolingo, Inc. Revenue & Financial Results | Market Cap Arena

DUOLDuolingo, Inc.

$5B

Q3 2021 Earnings

Technology Software - Application

Income Statement

Revenue

$64M+40.4% YoY

Gross Profit

$46M71.6% margin

Operating Income

-$29M-45.1% margin

Net Income

-$29M-45.6% margin

EPS (Diluted)

$-0.98

QoQ Revenue Growth

+8.1%

Cash Flow

Operating Cash Flow

$5M

Free Cash Flow

$3M

Stock-Based Comp.

$21M

Balance Sheet

Total Assets

$618M

Total Liabilities

$107M

Stockholders' Equity

$511M

Cash & Equivalents

$549M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$64M	$45M	+40.4%
Gross Profit	$46M	$32M	+41.3%
Operating Income	-$29M	-$3M	-835.8%
Net Income	-$29M	-$3M	-812.2%

Revenue Segments

License and Service

$46M75%

Advertising

$9M15%

English Test

$7M11%