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EARNINGS (LOSS) PER SHARE | 12 Months Ended
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Dec. 31, 2024
Earnings Per Share [Abstract] |
EARNINGS (LOSS) PER SHARE | EARNINGS (LOSS) PER SHARE Basic and diluted net income (loss) per share attributable to common stockholders is presented in conformity with the two-class method required for participating securities. Basic net income (loss) per share attributable to common stockholders is calculated by dividing the net income (loss) by the weighted-average number of shares of common stock outstanding during the period, less shares subject to repurchase. The diluted net income per share attributable to common stockholders is calculated by giving effect to all potential dilutive common stock equivalents outstanding for the period. The rights, including the liquidation and dividend rights, of the holders of Class A and Class B common stock are identical, except with respect to voting and conversion. Each share of Class A common stock is entitled to one vote per share and each share of Class B common stock is entitled to 20 votes per share. Each share of Class B common stock is convertible into a share of Class A common stock voluntarily at any time by the holder, and automatically upon certain events. The Class A common stock has no conversion rights. As the liquidation and dividend rights are identical for Class A and Class B common stock, the undistributed earnings are allocated on a proportional basis and the resulting net income per share attributable to common stockholders will, therefore, be the same for both Class A and Class B common stock on an individual or combined basis.
|  | Year Ended December 31,
(In thousands, except per share data) |  |  |  | 2024 |  | 2023 |  | 2022
Numerator: |  |  |  |  |  |  |  |
Net income (loss) attributable to Class A and Class B common stockholders |  |  |  | $ | 88,574 |  |  | $ | 16,067 |  |  | (59,574) |
Denominator: |  |  |  |  |  |  |  |
Weighted-average shares in computing net income (loss) per share attributable to Class A and Class B common stockholders, basic and diluted |  |  |  | 43,504 |  |  | 41,451 |  |  | 39,470 |
Effect of dilutive securities |  |  |  |  |  |  |  |
Founder awards where performance has been met |  |  |  | 360 |  |  | 270 |  |  | — |
Dilutive effect of stock options outstanding (1) |  |  |  | 1,435 |  |  | 2,774 |  |  | — |
RSUs outstanding |  |  |  | 1,802 |  |  | 2,027 |  |  | — |
Denominator for dilutive net income per common share - weighted-average shares |  |  |  | 47,101 |  |  | 46,522 |  |  | 39,470 |
Basic income (loss) per common share |  |  |  | $ | 2.04 |  |  | $ | 0.39 |  |  | $ | (1.51) |
Diluted income (loss) per common share |  |  |  | $ | 1.88 |  |  | $ | 0.35 |  |  | $ | (1.51) |
________________ (1) The Company had 1.5 million options outstanding as of December 31, 2024. The estimated dilutive effect is calculated as the number of shares expected to be issued upon vesting or exercise, adjusted for the strike price proceeds that are received by the Company and assumed to be used to repurchase shares of Duolingo common stock. Since the Company was in a net loss position for the year ended December 31, 2022 there is no difference between the number of shares used to calculate basic and diluted loss per share. The potential shares of common stock that were excluded from the computation of diluted net loss per share attributable to common stockholders for the period presented because including them would have been antidilutive are as follows:
|  |  | Year Ended December 31, |
(In thousands) |  |  | 2022 |  |  |  |  |
Stock options outstanding |  |  | 180 |  |  |  |  |  |
RSUs outstanding |  |  | 4,410 |  |  |  |  |  |
Founder awards where performance has been met |  |  | 2,036 |  |  |  |  |  |
Total |  |  | 6,626 |  |  |  |  |  |
Founder awards of 1,620, where the performance criteria has not been satisfied, are excluded from the above table because the stock-price hurdles for those awards had not been met as of December 31, 2022.

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