Duolingo, Inc. (DUOL) [Rocket]

Overview

Duolingo, Inc. (DUOL)

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Recent News + Filings (All items)

Date Filed	Type	Description
10/11/2023	4	Form 4 - Statement of changes in beneficial ownership of securities:
10/05/2023	4	Skaruppa Matthew (CFO) has filed a Form 4 on Duolingo, Inc.
10/05/2023	4	Hacker Severin (Chief Tech Officer, Co-Founder) has filed a Form 4 on Duolingo, Inc.
10/04/2023	4	Durable Capital Partners LP (10% Owner) has filed a Form 4 on Duolingo, Inc.
10/02/2023	4	Durable Capital Partners LP (10% Owner) has filed a Form 4 on Duolingo, Inc.
10/02/2023	4	Form 4 - Statement of changes in beneficial ownership of securities:
09/29/2023	144	Form 144 - Report of proposed sale of securities:

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19
Revenues	369.5	250.8	161.7	1.6
Revenue growth	47.3%	55.1%	10318.6%
Cost of goods sold	0.0	69.2	46.0	0.0
Gross profit	369.5	181.6	115.7	1.5
Gross margin	100.0%	72.4%	71.6%	99.6%
Selling, general and administrative	4.9
Sales and marketing		59.2	35.0	0.3
Research and development		103.8	53.0
General and administrative		78.6	43.7	1.8
EBIT	-65.9	-60.0	-16.0	-2.2
EBIT margin	-17.8%	-23.9%	-9.9%	-140.0%
Pre-tax income	-58.6	-60.0	-15.7	0.0
Income taxes	0.9	0.2	0.1	0.0
Net income	-59.6	-60.1	-15.8	0.0
Net margin	-16.1%	-24.0%	-9.8%	0.0%

Diluted EPS		($2.57)	($1.24)
Shares outstanding (diluted)		23.4	12.7

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.