Duolingo Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Quarter	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q4 2019
Period Ending	Sep '24 Sep 30, 2024	Jun '24 Jun 30, 2024	Mar '24 Mar 31, 2024	Dec '23 Dec 31, 2023	Sep '23 Sep 30, 2023	Jun '23 Jun 30, 2023	Mar '23 Mar 31, 2023	Dec '22 Dec 31, 2022	Sep '22 Sep 30, 2022	Jun '22 Jun 30, 2022	Mar '22 Mar 31, 2022	Dec '21 Dec 31, 2021	Sep '21 Sep 30, 2021	Jun '21 Jun 30, 2021	Mar '21 Mar 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Cash & Equivalents	854.41	888.24	829.71	747.61	701.74	678.67	641.09	608.18	599.97	591.16	577.33	553.92	549.44	114.64	117.46	120.49	59.84
Short-Term Investments	26.35	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash & Short-Term Investments	880.76	888.24	829.71	747.61	701.74	678.67	641.09	608.18	599.97	591.16	577.33	553.92	549.44	114.64	117.46	120.49	59.84
Cash Growth	25.51%	30.88%	29.42%	22.93%	16.96%	14.80%	11.04%	9.80%	9.20%	415.68%	391.52%	359.72%	818.14%	-	-	-	-
Accounts Receivable	94.22	77.72	76.42	88.98	61.71	53.41	52.51	46.73	30.2	28.21	28.57	33.16	20.74	25.13	23.35	20.45	10.01
Other Receivables	-	-	-	-	-	2.36	-	-	-	-	-	-	-	-	-	-	-
Receivables	94.22	77.72	76.42	88.98	61.71	55.77	52.51	46.73	30.2	28.21	28.57	33.16	20.74	25.13	23.35	20.45	10.01
Prepaid Expenses	16.13	12.32	10.75	5.13	9.53	7.79	7.5	7.23	7.91	6.56	6.95	7.97	6.44	5.64	1.93	3.86	2.14
Other Current Assets	67.33	63.29	60.4	56.08	46.12	42.72	40.14	35.04	30.26	29.22	27.78	24.22	19.73	17.17	16.26	13.59	6.93
Total Current Assets	1,058	1,042	977.28	897.8	819.11	784.94	741.23	697.18	668.33	655.15	640.64	619.27	596.34	162.57	158.99	158.38	78.92
Property, Plant & Equipment	68.12	68.1	62.99	30.9	31.91	33.55	34.62	35.48	36.34	37.87	37.35	36.58	16.24	14.5	14.08	14.5	13.82
Long-Term Investments	55.33	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill	10.54	4.05	4.05	4.05	4.05	4.05	4.05	4.05	-	-	-	-	-	-	-	-	-
Other Intangible Assets	21.9	20.59	18.6	16	13.77	10.4	8.48	8.5	7.02	6.41	5.49	4.57	4.18	3.73	3.15	2.3	1.79
Long-Term Deferred Tax Assets	0.84	0.84	0.77	0.77	0.63	0.63	0.63	0.63	0.42	0.42	-	-	-	-	-	-	-
Other Long-Term Assets	4.39	4.31	4.98	4.45	1.25	1.24	1.37	1.51	1.59	1.21	1.04	0.89	1.01	0.9	0.65	0.56	0.52
Total Assets	1,220	1,139	1,069	953.96	870.71	834.8	790.38	747.35	713.7	701.05	684.51	661.31	617.78	181.69	176.87	175.74	95.06
Accounts Payable	3.65	3.41	2.63	2.45	2.71	2.31	0.99	1.18	3.36	1.5	2.02	7.82	8.71	4.27	3.78	2.2	3.81
Accrued Expenses	25.23	20.35	18.67	16.67	10.65	9.2	7.09	12.2	6.78	6.62	5.03	5.47	4.52	4.71	10.55	4.7	0.87
Current Portion of Leases	2.62	2.46	2.75	3.94	5.09	6.05	5.52	4.9	4.64	4.53	3.96	3.34	1.54	0.63	0.98	1.11	0.97
Current Income Taxes Payable	0.04	0.04	0.36	0.79	0.06	0.06	0.93	1.07	0.15	0.09	0.14	0.11	0.03	0.01	0.08	0.07	-
Current Unearned Revenue	310.6	291.48	279.31	249.19	208.89	192.75	181.94	157.55	134.94	128.19	119.1	98.27	80.46	71	65.26	54.79	26.31
Other Current Liabilities	-	-	-	4.32	7.54	6.74	6.35	4.87	5.77	6.39	5.53	4.13	3.39	4.44	3.43	2.82	0.15
Total Current Liabilities	342.13	317.72	303.72	277.36	234.93	217.11	202.81	181.77	155.63	147.33	135.78	119.13	98.65	85.05	84.08	65.69	32.11
Long-Term Leases	54.65	54.78	53.89	21.09	20.96	21.29	22.38	23.5	24.24	25.51	28.02	29.12	8.4	7.81	7.97	8.13	9.24
Long-Term Deferred Tax Liabilities	0.31	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Liabilities	397.1	372.5	357.62	298.46	255.9	238.4	225.19	205.27	179.87	172.83	163.8	148.26	107.05	92.86	92.05	73.82	41.35
Common Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Additional Paid-In Capital	962.2	930.05	898.51	869.92	841.35	825.75	798.25	772.56	750.38	726.33	703.78	683.97	664.12	30.65	26.47	30.09	11.03
Retained Earnings	-139.75	-163.11	-187.47	-214.42	-226.54	-229.35	-233.07	-230.49	-216.56	-198.11	-183.07	-170.91	-153.4	-124.43	-124.25	-110.78	-95
Total Common Equity	822.45	766.94	711.05	655.5	614.82	596.41	565.19	542.08	533.83	528.22	520.71	513.06	510.73	-93.78	-97.79	-80.69	-83.98
Shareholders' Equity	822.45	766.94	711.05	655.5	614.82	596.41	565.19	542.08	533.83	528.22	520.71	513.06	510.73	88.83	84.82	101.92	53.71
Total Liabilities & Equity	1,220	1,139	1,069	953.96	870.71	834.8	790.38	747.35	713.7	701.05	684.51	661.31	617.78	181.69	176.87	175.74	95.06
Total Debt	57.27	57.23	56.64	25.04	26.05	27.35	27.9	28.41	28.88	30.03	31.99	32.46	9.94	8.44	8.95	9.24	10.22
Net Cash (Debt)	823.5	831.01	773.07	722.57	675.69	651.32	613.19	579.77	571.09	561.13	545.35	521.46	539.5	106.2	108.51	111.25	49.63
Net Cash Growth	21.88%	27.59%	26.07%	24.63%	18.32%	16.07%	12.44%	11.18%	5.86%	428.39%	402.59%	368.74%	987.10%	-	-	-	-
Net Cash Per Share	17.39	17.68	16.04	15.53	16.50	16.10	15.34	14.69	14.68	15.43	18.27	22.25	31.13	8.00	8.44	8.74	-
Filing Date Shares Outstanding	43.98	43.54	43.12	42.88	42.01	41.54	41.05	40.64	40.17	39.64	39.16	38.63	37.47	37.42	13.12	12.79	-
Total Common Shares Outstanding	43.94	43.5	43.06	42.53	41.97	41.53	41.02	40.36	40.09	39.59	39.08	38.27	37.45	13.27	13.12	12.79	-
Working Capital	716.3	723.84	673.56	620.44	584.17	567.84	538.42	515.42	512.7	507.82	504.86	500.14	497.7	77.52	74.92	92.69	46.82
Book Value Per Share	18.72	17.63	16.51	15.41	14.65	14.36	13.78	13.43	13.32	13.34	13.33	13.41	13.64	-7.07	-7.45	-6.31	-
Tangible Book Value	790.02	742.31	688.41	635.46	597	581.96	552.66	529.53	526.81	521.81	515.23	508.49	506.55	-97.51	-100.94	-82.99	-85.77
Tangible Book Value Per Share	17.98	17.06	15.99	14.94	14.22	14.01	13.47	13.12	13.14	13.18	13.18	13.29	13.53	-7.35	-7.69	-6.49	-
Machinery	8.86	6.89	5.93	5.87	5.89	5.68	5.38	5.2	4.94	4.4	3.86	3.05	2.7	2.36	2.03	1.96	0.96
Leasehold Improvements	26.45	25.93	20.62	18.19	17.39	17.13	16.69	15.98	15.6	15.31	12.06	10.26	9.86	9.34	8.31	7.54	5.16

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