Duolingo, Inc. (DUOL)
NASDAQ: DUOL · Real-Time Price · USD
129.42
+6.84 (5.58%)
Aug 7, 2026, 10:43 AM EDT - Market open
Duolingo Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 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 | 2.71 | 14.07 | 0.03 | - | - | - |
Total Trade Receivables | 133.69 | 176.89 | 128.95 | 88.98 | 46.73 | 33.16 |
Other Current Assets | 123.56 | 119.25 | 94.99 | 61.21 | 42.28 | 32.19 |
Total Current Assets | 1,571 | 1,437 | 1,102 | 897.8 | 697.18 | 619.27 |
Net Property, Plant & Equipment | 117.45 | 116.68 | 66.44 | 30.9 | 35.48 | 36.58 |
Other Intangible Assets | 27.6 | 28.31 | 19.9 | 16 | 8.5 | 4.57 |
Goodwill | 35.34 | 35.34 | 10.54 | 4.05 | 4.05 | - |
Long-Term Investments | 102.69 | 135.1 | 98.29 | - | - | - |
Other Long-Term Assets | 219.76 | 240.16 | 4.97 | 5.22 | 2.14 | 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 '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Accounts Payable | 16.2 | 8 | 6.38 | 2.45 | 1.18 | 7.82 |
Accrued Expenses | 55.43 | 45.69 | 36.38 | 24.93 | 21.97 | 12.93 |
Unearned Revenue | 505.1 | 496.21 | 372.88 | 249.19 | 157.55 | 98.27 |
Other Current Liabilities | 1.11 | 1.26 | 6.59 | 0.79 | 1.07 | 0.11 |
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 |
Other Long-Term Liabilities | 0.24 | 0.25 | 0.29 | - | - | - |
Total Long-Term Liabilities | 86.38 | 94.03 | 54.95 | 21.09 | 23.5 | 29.12 |
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 '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Common Stock | 0.01 | 0.01 | 0 | 0 | 0 | 0 |
Treasury Stock | -1.43 | - | - | - | - | - |
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 Shareholders' 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 '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Total Debt | 86.14 | 93.78 | 54.66 | 21.09 | 23.5 | 29.12 |
Net Cash (Debt) | 1,228 | 1,047 | 822.99 | 726.52 | 584.68 | 524.8 |
Net Cash Growth | 22.28% | 27.18% | 13.28% | 24.26% | 11.41% | 367.07% |
Net Cash Per Share | 25.17 | 21.67 | 17.47 | 15.62 | 14.81 | 22.40 |
Book Value | 1,410 | 1,347 | 824.55 | 655.5 | 542.08 | 513.06 |
Book Value Per Share | 28.90 | 27.88 | 17.51 | 14.09 | 13.73 | 21.89 |
Tangible Book Value | 1,347 | 1,283 | 794.11 | 635.46 | 529.53 | 508.49 |
Tangible Book Value Per Share | 27.61 | 26.57 | 16.86 | 13.66 | 13.42 | 21.70 |