Duolingo Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Quarter	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	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	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 & Short-Term Investments	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	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	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	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	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	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	1,042	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	68.1	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
Goodwill	4.05	4.05	4.05	4.05	4.05	4.05	4.05	-	-	-	-	-	-	-	-	-
Other Intangible Assets	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	0.77	0.77	0.63	0.63	0.63	0.63	0.42	0.42	-	-	-	-	-	-	-
Other Long-Term Assets	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	1,139	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	3.41	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	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	2.46	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	0.36	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	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	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	54.78	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
Total Liabilities	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
Additional Paid-In Capital	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	-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	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	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	1,139	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	57.23	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)	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	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	17.68	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	43.54	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	43.5	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	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	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	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	17.06	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	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	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.