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Duolingo, Inc. (DUOL)
NASDAQ: DUOL · Real-Time Price · USD
149.92
-1.30 (-0.86%)
At close: Oct 9, 2026, 4:00 PM EDT
149.85
-0.07 (-0.05%)
After-hours: Oct 9, 2026, 7:58 PM EDT

Duolingo Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
410.77414.0788.5716.07-59.57-60.14
Depreciation & Amortization
15.814.3910.857.14.872.73
Asset Writedown & Restructuring Costs
0.58-----
Loss (Gain) From Sale of Investments
-1.48-1.85-0.55---
Stock-Based Compensation
144.68137.44110.4895.2273.8240.8
Other Operating Activities
-203.89-225.190.240.33--
Change in Accounts Receivable
-18.06-33.9-39.92-42.25-13.57-12.71
Change in Accounts Payable
7.211.623.931.26-6.665.62
Change in Unearned Revenue
73.93123.32123.6991.6459.2843.48
Change in Other Net Operating Assets
1.01-42.07-11.79-15.76-4.52-10.61
Operating Cash Flow
430.55387.82285.51153.6153.669.17
Operating Cash Flow Growth
28.17%35.83%85.86%186.29%485.13%-48.22%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-22.62-18.1-12.12-3.19-5.56-3.59
Cash Acquisitions
-33.1-33.1-6.6--4.05-
Sale (Purchase) of Intangibles
-10.43-9.3-9.02-10.39-4.56-2.62
Investment in Securities
-37.18-47.18-189.6---
Investing Cash Flow
-103.33-107.68-217.33-13.58-14.17-6.21

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Issuance of Common Stock
7.9512.5719.3613.6214.78438.67
Repurchase of Common Stock
-130.02-41.62-49.36-11.48--0.87
Other Financing Activities
-0.5-0.5----7.34
Financing Cash Flow
-122.57-29.55-302.1414.78430.47

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Cash Flow
204.66250.638.18142.1754.26433.43

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
407.93369.73273.4150.4248.095.58
Free Cash Flow Growth
24.27%35.23%81.75%212.77%761.28%-61.04%
Free Cash Flow Margin
35.63%35.63%36.55%28.32%13.02%2.23%
Free Cash Flow Per Share
8.337.655.803.231.220.24
Levered Free Cash Flow
300.2264.8212.55115.8265.2323.58
Unlevered Free Cash Flow
300.2264.8212.55115.8265.2323.58

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Income Tax Paid
3.4514.417.622.320.620.13
Change in Working Capital
64.0948.9775.9234.934.5425.78
SEC Filings: 10-K · 10-Q