Duolingo, Inc. (DUOL)

Duolingo Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	1,181	1,036	785.79	747.61	608.18	553.92
Short-Term Investments	132.98	104.08	91.85	-	-	-
Cash & Short-Term Investments	1,314	1,140	877.65	747.61	608.18	553.92
Cash Growth	19.67%	29.95%	17.39%	22.93%	9.79%	359.72%
Accounts Receivable	130.98	162.83	128.92	88.98	46.73	33.16
Other Receivables	4.8	16.17	1.51	-	-	-
Receivables	135.78	178.99	130.44	88.98	46.73	33.16
Prepaid Expenses	18.78	14.48	13.34	7.28	7.23	7.97
Other Current Assets	102.69	102.66	80.16	53.93	35.04	24.22
Total Current Assets	1,571	1,437	1,102	897.8	697.18	619.27
Property, Plant & Equipment	117.45	116.68	66.44	30.9	35.48	36.58
Long-Term Investments	102.69	135.1	98.29	-	-	-
Goodwill	35.34	35.34	10.54	4.05	4.05	-
Other Intangible Assets	27.6	28.31	19.9	16	8.5	4.57
Long-Term Deferred Tax Assets	206.04	227.34	0.68	0.77	0.63	-
Other Long-Term Assets	13.73	12.82	4.3	4.45	1.51	0.89
Total Assets	2,074	1,992	1,302	953.96	747.35	661.31

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	16.2	8	6.38	2.45	1.18	7.82
Accrued Expenses	55.43	38.48	33.79	20.99	12.2	5.47
Current Portion of Leases	-	7.2	2.58	3.94	4.9	3.34
Current Income Taxes Payable	1.11	1.26	6.59	0.79	1.07	0.11
Current Unearned Revenue	505.1	496.21	372.88	249.19	157.55	98.27
Other Current Liabilities	-	-	-	-	4.87	4.13
Total Current Liabilities	577.83	551.15	422.23	277.36	181.77	119.13
Long-Term Leases	86.14	93.78	54.66	21.09	23.5	29.12
Long-Term Deferred Tax Liabilities	0.24	0.25	0.29	-	-	-
Total Liabilities	664.21	645.18	477.18	298.46	205.27	148.26

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.01	0.01	0	0	0	0
Additional Paid-In Capital	1,046	1,059	950.39	869.92	772.56	683.97
Retained Earnings	364.84	288.22	-125.85	-214.42	-230.49	-170.91
Total Common Equity	1,410	1,347	824.55	655.5	542.08	513.06
Shareholders' Equity	1,410	1,347	824.55	655.5	542.08	513.06
Total Liabilities & Equity	2,074	1,992	1,302	953.96	747.35	661.31

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	86.14	100.98	57.24	25.04	28.41	32.46
Net Cash (Debt)	1,228	1,039	820.41	722.57	579.77	521.46
Net Cash Growth	22.64%	26.70%	13.54%	24.63%	11.18%	368.74%
Net Cash Per Share	25.07	21.52	17.42	15.53	14.69	22.25
Filing Date Shares Outstanding	46.79	46.95	45.24	42.88	40.64	38.63
Total Common Shares Outstanding	46.72	46.63	44.94	42.53	40.36	38.27
Working Capital	993.28	885.46	679.36	620.44	515.42	500.14
Book Value Per Share	30.17	28.89	18.35	15.41	13.43	13.41
Tangible Book Value	1,347	1,283	794.11	635.46	529.53	508.49
Tangible Book Value Per Share	28.82	27.52	17.67	14.94	13.12	13.29
Machinery	14.14	13.1	8.42	5.87	5.2	3.05
Leasehold Improvements	52.73	44.77	26.94	18.19	15.98	10.26

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 5, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 25, 2026

Data Sources Report a data error