DUOL Q3 2022 Earnings — Duolingo, Inc. Revenue & Financial Results | Market Cap Arena

DUOLDuolingo, Inc.

$5B

Q3 2022 Earnings

Technology Software - Application

Income Statement

Revenue

$96M+51.1% YoY

Gross Profit

$70M72.6% margin

Operating Income

-$20M-21.0% margin

Net Income

-$18M-19.2% margin

EPS (Diluted)

$-0.46

QoQ Revenue Growth

+8.7%

Cash Flow

Operating Cash Flow

$9M

Free Cash Flow

$5M

Stock-Based Comp.

$20M

Balance Sheet

Total Assets

$714M

Total Liabilities

$180M

Stockholders' Equity

$534M

Cash & Equivalents

$600M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$96M	$64M	+51.1%
Gross Profit	$70M	$46M	+53.3%
Operating Income	-$20M	-$29M	+29.7%
Net Income	-$18M	-$29M	+36.3%