DUOL Q3 2024 Earnings — Duolingo, Inc. Revenue & Financial Results | Market Cap Arena

DUOLDuolingo, Inc.

$5B

Q3 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$193M+39.9% YoY

Gross Profit

$140M72.9% margin

Operating Income

$14M7.0% margin

Net Income

$23M12.1% margin

EPS (Diluted)

$0.47

QoQ Revenue Growth

+8.0%

Cash Flow

Operating Cash Flow

$56M

Free Cash Flow

$51M

Stock-Based Comp.

$29M

Balance Sheet

Total Assets

$2.3B

Total Liabilities

$1.5B

Stockholders' Equity

$822M

Cash & Equivalents

$854M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$193M	$138M	+39.9%
Gross Profit	$140M	$101M	+38.5%
Operating Income	$14M	-$5M	+390.7%
Net Income	$23M	$3M	+732.2%

Revenue Segments

License and Service

$158M82%

Advertising

$14M7%

English Test

$11M6%

In-App Purchases

$9M5%

Product And Service, Other Miscellaneous

$389,0000%