Duolingo Past Earnings Performance
Past criteria checks 3/6
Duolingo has been growing earnings at an average annual rate of 18.8%, while the Consumer Services industry saw earnings growing at 12.3% annually. Revenues have been growing at an average rate of 36.6% per year. Duolingo's return on equity is 6.4%, and it has net margins of 7.8%.
Key information
18.8%
Earnings growth rate
55.3%
EPS growth rate
| Consumer Services Industry Growth | 12.9% |
| Revenue growth rate | 36.6% |
| Return on equity | 6.4% |
| Net Margin | 7.8% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Duolingo makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 583 | 46 | 216 | 199 |
| 31 Dec 23 | 531 | 16 | 208 | 194 |
| 30 Sep 23 | 484 | -10 | 202 | 189 |
| 30 Jun 23 | 442 | -31 | 194 | 180 |
| 31 Mar 23 | 404 | -50 | 189 | 167 |
| 31 Dec 22 | 369 | -60 | 185 | 150 |
| 30 Sep 22 | 339 | -63 | 176 | 136 |
| 30 Jun 22 | 306 | -74 | 172 | 123 |
| 31 Mar 22 | 277 | -59 | 149 | 111 |
| 31 Dec 21 | 251 | -60 | 138 | 104 |
| 30 Sep 21 | 226 | -53 | 121 | 86 |
| 30 Jun 21 | 208 | -27 | 96 | 73 |
| 31 Mar 21 | 189 | -27 | 90 | 63 |
| 31 Dec 20 | 162 | -16 | 79 | 53 |
| 31 Dec 19 | 71 | -14 | 31 | 32 |
Quality Earnings: DUOL * has high quality earnings.
Growing Profit Margin: DUOL * became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: DUOL * has become profitable over the past 5 years, growing earnings by 18.8% per year.
Accelerating Growth: DUOL * has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: DUOL * has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Services industry (20.1%).
Return on Equity
High ROE: DUOL *'s Return on Equity (6.4%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/05/28 00:14 |
| End of Day Share Price | 2024/02/29 00:00 |
| Earnings | 2024/03/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Duolingo, Inc. is covered by 31 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ishan Majumdar | Baptista Research |
| Ross Sandler | Barclays |
| X. Lu | Barclays |