Duolingo, Inc. (DUOL)
NASDAQ: DUOL · Real-Time Price · USD
133.37
+1.19 (0.90%)
Jun 24, 2026, 3:43 PM EDT - Market open
Duolingo Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 |
Net Income | 43.46 | 41.95 | 292.2 | 44.78 | 35.14 | 13.91 | 23.36 | 24.35 | 26.96 | 12.12 | 2.81 | 3.73 | -2.58 | -13.93 | -18.45 | -15.05 | -12.15 | -17.52 | -28.97 | -0.18 |
Depreciation & Amortization | 4.19 | 3.81 | 3.55 | 3.44 | 3.59 | 3.66 | 2.88 | 2.24 | 2.07 | 2.04 | 1.66 | 1.63 | 1.76 | 1.44 | 1.48 | 1.17 | 0.77 | 0.76 | 0.73 | 0.64 |
Stock-Based Compensation | 34.65 | 36.26 | 35.57 | 34.59 | 31.02 | 29.79 | 28.96 | 26.75 | 24.99 | 25 | 25.43 | 23.71 | 21.07 | 20.63 | 20.49 | 18.11 | 14.59 | 14.68 | 20.66 | 2.91 |
Other Adjustments | 9.18 | 13.91 | -0.44 | -0.47 | -0.55 | -0.54 | -0.01 | - | - | - | 0 | 0 | -0.1 | - | - | - | - | - | - | - |
Change in Receivables | 37.74 | -38.34 | -11.57 | 1.26 | 14.74 | -34.71 | -16.46 | -1.3 | 12.55 | -27.26 | -8.31 | -0.9 | -5.78 | -16.53 | -1.99 | 0.36 | 4.59 | -12.43 | 4.39 | -1.78 |
Changes in Accounts Payable | -2.41 | 4.43 | -3.41 | 4.44 | -3.84 | 3.41 | -0.21 | 1.13 | -0.4 | -0.14 | 0.34 | 1.4 | -0.35 | -2.79 | 2.45 | -0.51 | -5.8 | -0.89 | 4.44 | 0.49 |
Changes in Accrued Expenses | 5.96 | 5.45 | 5.16 | -4.15 | -6.2 | 15.5 | 5.55 | 0.32 | -4.51 | 3.26 | 1.22 | 2.17 | -3.2 | 4.45 | 0.76 | 2.24 | 1.27 | 3.3 | 0.7 | -6.56 |
Changes in Unearned Revenue | 17.05 | 54.48 | 10.55 | 16.15 | 42.14 | 62.28 | 19.13 | 12.16 | 30.12 | 40.3 | 16.14 | 10.81 | 24.39 | 22.61 | 6.75 | 9.09 | 20.83 | 17.81 | 9.46 | 5.74 |
Changes in Other Operating Activities | 0.95 | -14.67 | -7.88 | -9.38 | -10.39 | -10.19 | -6.92 | -3.26 | -8.26 | -6.14 | -2.06 | -5.39 | -5.61 | -4.27 | -2.74 | -2.76 | -3.47 | -5.28 | -6.91 | -2.14 |
Operating Cash Flow | 150.77 | 107.28 | 84.24 | 90.68 | 105.63 | 83.34 | 56.27 | 62.39 | 83.51 | 49.19 | 37.65 | 37.17 | 29.6 | 11.61 | 8.76 | 12.66 | 20.63 | 0.43 | 4.51 | -0.9 |
Operating Cash Flow Growth | 42.73% | 28.72% | 49.71% | 45.34% | 26.48% | 69.42% | 49.45% | 67.86% | 182.10% | 323.78% | 329.84% | 193.53% | 43.52% | 2587.04% | 94.17% | - | 302.63% | -88.26% | 432.59% | - |
Capital Expenditures | -0.13 | -10.73 | -4.86 | -1.2 | -1.31 | -1.96 | -3.18 | -5.56 | -1.41 | -0.92 | -0.76 | -0.83 | -0.68 | -0.29 | -2.08 | -1.86 | -1.33 | -0.52 | -1.09 | -1.14 |
Purchases of Intangible Assets | -2.85 | -2.82 | -2.02 | -3.15 | -1.31 | -0.48 | -1.85 | -3.09 | -3.61 | -3.22 | -3.99 | -2.54 | -0.73 | -0.6 | -1.44 | -1.41 | -1.12 | -0.59 | -0.38 | -0.72 |
Proceeds from Sale of Intangible Assets | - | - | - | - | - | - | - | - | - | -0.1 | 0 | 0 | 0.1 | - | - | - | - | - | - | - |
Purchases of Investments | -56.16 | -63.81 | -50.8 | -21.72 | -26.61 | -111.63 | -81.67 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from Sale of Investments | 42.39 | 33.67 | 39.61 | 23.79 | 18.68 | 3.71 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Investing Cash Flow | -16.75 | -43.18 | -51.68 | -2.27 | -10.55 | -110.37 | -93.29 | -8.66 | -5.02 | -4.15 | -4.75 | -3.37 | -1.31 | -4.95 | -3.52 | -3.27 | -2.44 | -1.11 | -1.46 | -1.86 |
Issuance of Common Stock | 1.92 | 2.87 | 2.75 | 3.83 | 3.12 | 7.76 | 3.19 | 4.8 | 3.61 | 3.56 | 1.66 | 3.78 | 4.62 | 1.55 | 3.56 | 4.44 | 5.23 | 5.16 | 4.02 | 1.28 |
Repurchase of Common Stock | -24.33 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 |
Net Common Stock Issued (Repurchased) | -22.41 | 2.87 | 2.75 | 3.83 | 3.12 | 7.76 | 3.19 | 4.8 | 3.61 | 3.56 | 1.66 | 3.78 | 4.62 | 1.55 | 3.56 | 4.44 | 5.23 | 5.16 | 4.02 | 1.28 |
Other Financing Activities | -9.44 | 0 | - | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | -1.35 |
Financing Cash Flow | -31.85 | -39.25 | 2.75 | 3.83 | 3.12 | -41.6 | 3.19 | 4.8 | 3.61 | 3.56 | -9.83 | 3.78 | 4.62 | 1.55 | 3.56 | 4.44 | 5.23 | 5.16 | 431.76 | -0.07 |
Net Cash Flow | 102.17 | 24.85 | 35.31 | 92.24 | 98.21 | -68.62 | -33.83 | 58.53 | 82.1 | 48.61 | 23.07 | 37.57 | 32.91 | 8.21 | 8.81 | 13.83 | 23.41 | 4.48 | 434.8 | -2.82 |
Free Cash Flow | 150.64 | 96.55 | 79.38 | 89.48 | 104.32 | 81.38 | 53.09 | 56.83 | 82.1 | 48.27 | 36.89 | 36.34 | 28.92 | 11.32 | 6.68 | 10.8 | 19.3 | -0.09 | 3.43 | -2.04 |
Free Cash Flow Growth | 44.40% | 18.64% | 49.52% | 57.46% | 27.07% | 68.60% | 43.91% | 56.37% | 183.86% | 326.56% | 452.26% | 236.54% | 49.86% | - | 94.98% | - | 350.51% | - | 609.32% | - |
FCF Margin | 51.59% | 34.13% | 29.21% | 35.47% | 45.21% | 38.84% | 27.57% | 31.87% | 49.00% | 31.97% | 26.81% | 28.65% | 25.01% | 10.90% | 6.95% | 12.22% | 23.76% | -0.12% | 5.39% | -3.46% |
Free Cash Flow Per Share | 3.08 | 2.06 | 1.62 | 1.83 | 2.15 | 1.77 | 1.11 | 1.19 | 1.73 | 1.03 | 0.79 | 0.78 | 0.71 | 0.28 | 0.17 | 0.27 | 0.50 | -0.00 | 0.12 | -0.15 |
Levered Free Cash Flow | 69.08 | 84.72 | 295.31 | 54.09 | 59.11 | 86.61 | 40.6 | 31.38 | 44.56 | 50.52 | 19.35 | 13.52 | 13.73 | 7.22 | -11.82 | -7.68 | 0.12 | -2.35 | -21.63 | -3.16 |
Unlevered Free Cash Flow | 60.45 | 76.22 | 224.29 | 41.47 | 47.66 | 81.34 | 29.73 | 22.89 | 34.75 | 42.24 | 12.07 | 2.28 | 8.16 | 2.01 | -13.6 | -7.81 | 0.4 | -2.36 | -21.41 | -3.46 |