Duolingo, Inc. (DUOL)
NASDAQ: DUOL · Real-Time Price · USD
99.12
+1.44 (1.47%)
At close: Mar 25, 2026, 4:00 PM EDT
98.00
-1.12 (-1.13%)
Pre-market: Mar 26, 2026, 4:21 AM EDT
Duolingo Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | 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 |
Cash & Equivalents | 1,036 | 1,012 | 976.23 | 884 | 785.79 | 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 |
Short-Term Investments | 104.08 | 109.91 | 121.65 | 115.28 | 91.85 | 26.35 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash & Short-Term Investments | 1,140 | 1,121 | 1,098 | 999.28 | 877.65 | 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 |
Cash Growth | 29.95% | 27.33% | 23.60% | 20.44% | 17.39% | 25.51% | 30.88% | 29.42% | 22.93% | 16.96% | 14.80% | 11.04% | 9.79% | 9.20% | 415.68% | 391.52% | 359.72% | 356.00% | 91.56% | - |
Accounts Receivable | 162.83 | 124.49 | 112.92 | 114.18 | 128.92 | 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 |
Other Receivables | 14.07 | 6.89 | - | - | 0.03 | - | - | - | - | - | 2.36 | - | - | - | - | - | - | - | - | - |
Total Trade Receivables | 176.89 | 131.38 | 112.92 | 114.18 | 128.95 | 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 |
Other Current Assets | 119.25 | 111.23 | 113.19 | 106.19 | 94.99 | 83.46 | 75.6 | 71.14 | 61.21 | 55.66 | 50.51 | 47.63 | 42.28 | 38.17 | 35.78 | 34.73 | 32.19 | 26.17 | 22.8 | 18.19 |
Total Current Assets | 1,437 | 1,367 | 1,324 | 1,220 | 1,102 | 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 |
Net Property, Plant & Equipment | 116.68 | 103.89 | 100.67 | 65.53 | 66.44 | 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 |
Other Intangible Assets | 28.31 | 27.97 | 19.92 | 18.87 | 19.9 | 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 |
Goodwill | 35.34 | 33.32 | 10.54 | 10.54 | 10.54 | 10.54 | 4.05 | 4.05 | 4.05 | 4.05 | 4.05 | 4.05 | 4.05 | - | - | - | - | - | - | - |
Long-Term Investments | 135.1 | 100.14 | 75.36 | 83.34 | 98.29 | 55.33 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other Long-Term Assets | 240.16 | 252.6 | 12.07 | 5.21 | 4.97 | 5.23 | 5.14 | 5.75 | 5.22 | 1.88 | 1.87 | 2 | 2.14 | 2.01 | 1.62 | 1.04 | 0.89 | 1.01 | 0.9 | 0.65 |
Total Assets | 1,992 | 1,886 | 1,543 | 1,403 | 1,302 | 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 |
Accounts Payable | 8 | 3.57 | 7.73 | 2.55 | 6.38 | 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 |
Accrued Expenses | 45.69 | 39.23 | 32.45 | 30.54 | 36.38 | 27.85 | 22.8 | 21.42 | 24.93 | 23.28 | 21.99 | 18.96 | 21.97 | 17.18 | 17.54 | 14.52 | 12.93 | 9.45 | 9.78 | 14.96 |
Unearned Revenue | 496.21 | 441.73 | 431.18 | 415.02 | 372.88 | 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 |
Other Current Liabilities | 1.26 | 0.02 | 0.02 | 6.38 | 6.59 | 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 |
Total Current Liabilities | 551.15 | 484.54 | 471.38 | 454.49 | 422.23 | 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 |
Long-Term Leases | 93.78 | 93.26 | 93.84 | 54.53 | 54.66 | 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 |
Other Long-Term Liabilities | 0.25 | 0.3 | 0.3 | 0.3 | 0.29 | 0.31 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Long-Term Liabilities | 94.03 | 93.56 | 94.15 | 54.84 | 54.95 | 54.96 | 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 |
Total Liabilities | 645.18 | 578.1 | 565.53 | 509.32 | 477.18 | 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 |
Preferred Stock | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 182.61 | 182.61 |
Common Stock | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Additional Paid-in Capital | 1,059 | 1,061 | 1,023 | 984.53 | 950.39 | 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 |
Retained Earnings | 288.22 | 246.26 | -45.93 | -90.71 | -125.85 | -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 |
Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 182.61 | 182.61 |
Shareholders' Equity | 1,347 | 1,308 | 977.03 | 893.83 | 824.55 | 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 |
Total Liabilities & Equity | 1,992 | 1,886 | 1,543 | 1,403 | 1,302 | 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 |
Total Debt | 93.78 | 93.26 | 93.84 | 54.53 | 54.66 | 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 |
Net Cash (Debt) | 1,047 | 1,028 | 1,004 | 944.75 | 822.99 | 826.11 | 833.47 | 775.82 | 726.52 | 680.78 | 657.37 | 618.71 | 584.68 | 575.72 | 565.66 | 549.31 | 524.8 | 541.04 | 106.83 | 109.49 |
Net Cash Growth | 27.18% | 24.46% | 20.47% | 21.77% | 13.28% | 21.35% | 26.79% | 25.39% | 24.26% | 18.25% | 16.21% | 12.63% | 11.41% | 6.41% | 429.51% | 401.71% | 367.07% | 381.53% | 111.11% | - |
Net Cash Per Share | 21.67 | 21.36 | 20.99 | 19.88 | 17.47 | 17.40 | 17.65 | 16.51 | 15.62 | 15.59 | 15.70 | 15.48 | 14.81 | 14.80 | 15.57 | 18.43 | 22.40 | 31.30 | 8.20 | 7.94 |
Book Value | 1,347 | 1,308 | 977.03 | 893.83 | 824.55 | 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 |
Book Value Per Share | 27.88 | 27.17 | 20.43 | 18.81 | 17.51 | 17.32 | 16.24 | 15.13 | 14.09 | 14.08 | 14.24 | 14.14 | 13.73 | 13.73 | 14.54 | 17.47 | 21.89 | 29.55 | 6.81 | 6.15 |
Tangible Book Value | 1,283 | 1,246 | 946.57 | 864.42 | 794.11 | 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 | 85.1 | 81.67 |
Tangible Book Value Per Share | 26.57 | 25.90 | 19.79 | 18.19 | 16.86 | 16.64 | 15.72 | 14.65 | 13.66 | 13.67 | 13.90 | 13.83 | 13.42 | 13.55 | 14.36 | 17.29 | 21.70 | 29.30 | 6.53 | 5.92 |
Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.