duol: the income statement

MyFinsight

For the quarter ending 2025-09-30, DUOL made $271,713K in revenue. $292,195K in net income. Net profit margin of 107.54%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement	2025-09-30	2025-06-30	2025-03-31	2024-09-30
Revenues	271,713	252,265	230,743	192,594
Cost of revenues	74,802	69,684	66,647	52,180
Gross profit	196,911	182,581	164,096	140,414
Research and development	82,707	73,670	70,390	62,878
Sales and marketing	35,081	29,563	26,662	25,574
General and administrative	43,964	45,985	43,450	38,388
Total operating expenses	161,752	149,218	140,502	126,840
Income from operations	35,159	33,363	23,594	13,574
Other (expense) income, net	-503	1,660	1,001	569
Income before interest income and income taxes	34,656	35,023	24,595	14,143
Interest income	11,793	11,427	10,415	11,246
Income before income taxes	46,449	46,450	35,010	25,389
(benefit from) provision for income taxes	-245,746	1,669	-125	2,029
Net income	292,195	44,781	35,135	23,360

Weighted-average shares in computing net income per share attributable to class a and class b common stockholders, diluted (in shares)	-	45,610,000	45,148,000	43,707,000
Denominator for dilutive net income per common share - weighted-average shares (in shares)	49,144,000	-	-	-
Net income per share attributable to class a and class b common stockholders, basic (in usd per share)	6.36	0.98	0.78	0.53
Net income per share attributable to class a and class b common stockholders, diluted (in usd per share)	5.95	0.91	0.72	0.49
Weighted-average shares in computing net income per share attributable to class a and class b common stockholders, basic (in shares)	45,950,000	45,610,000	45,148,000	43,707,000