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You can extract lesson from failure by looking at where it went wrong. Lesson that can be learnt from failure are so much and I will try to list some
1) Failing is not the end of the road: this is a very important lesson to learn, successful people today have one time or the other failed but their ability to not to give up easily later paid them in life. Learn on to give up when you fail.
2) Failure can sharpen you: when you fail you tend to change things in your life that made you fail therefore you are been shaped to another person so that you will not make the same mistake again.
3)Failure can make you change the way you look at things: you might have probably been looking at things from the wrong direction but when you fail, you change approach at which you look at things.
4) You realize the road to success is not easy therefore you put more effort into making yourself a better person rather than a failure.
5)Time management is another thing you can learn from failure because you try to rethink what you are spending your time o. If its profitable or not.
6)Failure can also push you to become creative because you look for new ways to make you successful.
There are many other lessons you can learn from failure depending on which area you have failed.