Duolingo, Inc. develops a language-learning website and mobile app in the United States and China. The company offers courses in 40 different languages, including Spanish, English, French, Japanese, German, Italian, Chinese, Portuguese, and others. It also provides a digital language proficiency assessment exam. The company was incorporated in 2011 and is headquartered in Pittsburgh, Pennsylvania.

Duolingo, Inc.

Revenues

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Research and Development

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General and Administrative

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Total Operating Expenses

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Income Before Interest Income and Income Taxes

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Net Income per Share Attributable to Class a and Class B Common Stockholders, Basic

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Net Income per Share Attributable to Class a and Class B Common Stockholders, Basic Common Size

Net Income per Share Attributable to Class a and Class B Common Stockholders, Diluted

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Total Revenues

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Cost of Sales

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Operating Profit

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Consolidated Net Income

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Basic EPS

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EBITDA

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Income Statement	LTM
Total Revenues	964.3
Total Revenues %Chg	39.9%
Revenues
Cost of Sales	270.1
Cost of Revenues
Gross Profit	694.2
Gross Profit
Gross Profit Margin	72%
Selling, General & Administrative Expenses	295.1
Sales and Marketing
General and Administrative
Research & Development Expenses	293.2
Research and Development
Other Operating Expenses	—
Impairment of Capitalized Software
Operating Profit	106
Income from Operations
Operating Margin	11%
Interest and Investment Income	44.3
Interest Income
Non-Operating Income	-0.1
Other Expense Income, Net
Total Non-Operating Income	44.3
Income Before Provision for Income Taxes	150.3
Income Before Income Taxes
Provision for Income Taxes	-235.8
Provision for Income Taxes
Consolidated Net Income	386
Net Income Attributable to Common Shareholders	386
Basic EPS	8.4
Diluted EPS	7.9
Basic Weighted Average Shares Outstanding	45.2
Total Shares Outstanding	46.1
Diluted Weighted Average Shares Outstanding	48.1
EBITDA	120.2
Effective Tax Rate	-156.9%