Duolingo Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Period Ending	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	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 & Short-Term Investments	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	29.42%	22.93%	16.96%	14.80%	11.04%	9.80%	9.20%	415.68%	391.52%	359.72%	818.14%	-	-	-	-
Receivables	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	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	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	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	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
Goodwill	4.05	4.05	4.05	4.05	4.05	4.05	-	-	-	-	-	-	-	-	-
Other Intangible Assets	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	0.77	0.77	0.63	0.63	0.63	0.63	0.42	0.42	-	-	-	-	-	-	-
Other Long-Term Assets	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	1,069	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	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	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	2.75	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	0.36	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	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	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	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
Total Liabilities	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
Additional Paid-In Capital	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	-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	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	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	1,069	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	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)	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	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	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	43.12	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	43.06	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	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	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	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	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	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	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.