Duolingo, Inc. (DUOL)
NASDAQ: DUOL · Real-Time Price · USD
144.41
+3.53 (2.51%)
Aug 27, 2026, 1:00 PM EDT - Market open
Duolingo Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 410.77 | 414.07 | 88.57 | 16.07 | -59.57 | -60.14 |
Depreciation & Amortization | 15.8 | 14.39 | 10.85 | 7.1 | 4.87 | 2.73 |
Asset Writedown & Restructuring Costs | 0.58 | - | - | - | - | - |
Loss (Gain) From Sale of Investments | -1.48 | -1.85 | -0.55 | - | - | - |
Stock-Based Compensation | 144.68 | 137.44 | 110.48 | 95.22 | 73.82 | 40.8 |
Other Operating Activities | -203.89 | -225.19 | 0.24 | 0.33 | - | - |
Change in Accounts Receivable | -18.06 | -33.9 | -39.92 | -42.25 | -13.57 | -12.71 |
Change in Accounts Payable | 7.21 | 1.62 | 3.93 | 1.26 | -6.66 | 5.62 |
Change in Unearned Revenue | 73.93 | 123.32 | 123.69 | 91.64 | 59.28 | 43.48 |
Change in Other Net Operating Assets | 1.01 | -42.07 | -11.79 | -15.76 | -4.52 | -10.61 |
Operating Cash Flow | 430.55 | 387.82 | 285.51 | 153.61 | 53.66 | 9.17 |
Operating Cash Flow Growth | 28.17% | 35.83% | 85.86% | 186.29% | 485.13% | -48.22% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
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 | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Issuance of Common Stock | 7.95 | 12.57 | 19.36 | 13.62 | 14.78 | 438.67 |
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 | -30 | 2.14 | 14.78 | 430.47 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | 204.66 | 250.6 | 38.18 | 142.17 | 54.26 | 433.43 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 407.93 | 369.73 | 273.4 | 150.42 | 48.09 | 5.58 |
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 | 8.33 | 7.65 | 5.80 | 3.23 | 1.22 | 0.24 |
Levered Free Cash Flow | 300.2 | 264.8 | 212.55 | 115.82 | 65.23 | 23.58 |
Unlevered Free Cash Flow | 300.2 | 264.8 | 212.55 | 115.82 | 65.23 | 23.58 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Income Tax Paid | 3.45 | 14.41 | 7.62 | 2.32 | 0.62 | 0.13 |
Change in Working Capital | 64.09 | 48.97 | 75.92 | 34.9 | 34.54 | 25.78 |