Duolingo Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Cash & Equivalents	854.41	747.61	608.18	553.92	120.49	59.84
Cash & Short-Term Investments	880.76	747.61	608.18	553.92	120.49	59.84
Cash Growth	25.51%	22.93%	9.80%	359.72%	101.34%	-
Receivables	94.22	88.98	46.73	33.16	20.45	10.01
Prepaid Expenses	16.13	5.13	7.23	7.97	3.86	2.14
Other Current Assets	67.33	56.08	35.04	24.22	13.59	6.93
Total Current Assets	1,058	897.8	697.18	619.27	158.38	78.92
Property, Plant & Equipment	68.12	30.9	35.48	36.58	14.5	13.82
Goodwill	10.54	4.05	4.05	-	-	-
Other Intangible Assets	21.9	16	8.5	4.57	2.3	1.79
Long-Term Deferred Tax Assets	0.84	0.77	0.63	-	-	-
Other Long-Term Assets	4.39	4.45	1.51	0.89	0.56	0.52
Total Assets	1,220	953.96	747.35	661.31	175.74	95.06
Accounts Payable	3.65	2.45	1.18	7.82	2.2	3.81
Accrued Expenses	25.23	16.67	12.2	5.47	4.7	0.87
Current Portion of Leases	2.62	3.94	4.9	3.34	1.11	0.97
Current Income Taxes Payable	0.04	0.79	1.07	0.11	0.07	-
Current Unearned Revenue	310.6	249.19	157.55	98.27	54.79	26.31
Other Current Liabilities	-	4.32	4.87	4.13	2.82	0.15
Total Current Liabilities	342.13	277.36	181.77	119.13	65.69	32.11
Long-Term Leases	54.65	21.09	23.5	29.12	8.13	9.24
Total Liabilities	397.1	298.46	205.27	148.26	73.82	41.35
Common Stock	0	0	0	0	0	0
Additional Paid-In Capital	962.2	869.92	772.56	683.97	30.09	11.03
Retained Earnings	-139.75	-214.42	-230.49	-170.91	-110.78	-95
Total Common Equity	822.45	655.5	542.08	513.06	-80.69	-83.98
Shareholders' Equity	822.45	655.5	542.08	513.06	101.92	53.71
Total Liabilities & Equity	1,220	953.96	747.35	661.31	175.74	95.06
Total Debt	57.27	25.04	28.41	32.46	9.24	10.22
Net Cash (Debt)	823.5	722.57	579.77	521.46	111.25	49.63
Net Cash Growth	21.88%	24.63%	11.18%	368.74%	124.17%	-
Net Cash Per Share	17.39	15.53	14.69	22.25	8.74	-
Filing Date Shares Outstanding	43.98	42.88	40.64	38.63	12.79	-
Total Common Shares Outstanding	43.94	42.53	40.36	38.27	12.79	-
Working Capital	716.3	620.44	515.42	500.14	92.69	46.82
Book Value Per Share	18.72	15.41	13.43	13.41	-6.31	-
Tangible Book Value	790.02	635.46	529.53	508.49	-82.99	-85.77
Tangible Book Value Per Share	17.98	14.94	13.12	13.29	-6.49	-
Machinery	8.86	5.87	5.2	3.05	1.96	0.96
Leasehold Improvements	26.45	18.19	15.98	10.26	7.54	5.16

Source: S&P Capital IQ. Standard template. Financial Sources.