DUOL Q3 2023 Earnings — Duolingo, Inc. Revenue & Financial Results | Market Cap Arena

DUOLDuolingo, Inc.

$5B

Q3 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$138M+43.3% YoY

Gross Profit

$101M73.7% margin

Operating Income

-$5M-3.4% margin

Net Income

$3M2.0% margin

EPS (Diluted)

$0.06

QoQ Revenue Growth

+8.5%

Cash Flow

Operating Cash Flow

$38M

Free Cash Flow

$33M

Stock-Based Comp.

$25M

Balance Sheet

Total Assets

$871M

Total Liabilities

$256M

Stockholders' Equity

$615M

Cash & Equivalents

$702M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$138M	$96M	+43.3%
Gross Profit	$101M	$70M	+45.3%
Operating Income	-$5M	-$20M	+76.8%
Net Income	$3M	-$18M	+115.2%