Duolingo, Inc. (DUOL)
NASDAQ: DUOL · Real-Time Price · USD
112.06
+2.90 (2.66%)
At close: May 15, 2026, 4:00 PM EDT
112.06
0.00 (0.00%)
After-hours: May 15, 2026, 7:59 PM EDT
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 | 422.39 | 414.07 | 386.02 | 117.18 | 96.75 | 88.57 | 86.78 | 66.23 | 45.61 | 16.07 | -9.98 | -31.23 | -50 | -59.57 | -63.16 | -73.69 | -58.82 | -60.14 | -53.03 | -27.23 |
Depreciation & Amortization | 14.99 | 14.39 | 14.24 | 13.57 | 12.37 | 10.85 | 9.24 | 8.02 | 7.41 | 7.1 | 6.5 | 6.32 | 5.86 | 4.87 | 4.18 | 3.43 | 2.9 | 2.73 | 2.58 | 2.47 |
Stock-Based Compensation | 141.07 | 137.44 | 130.96 | 124.36 | 116.51 | 110.48 | 105.69 | 102.17 | 99.13 | 95.22 | 90.85 | 85.91 | 80.31 | 73.82 | 67.87 | 68.05 | 52.84 | 40.8 | 38.63 | 19.65 |
Other Adjustments | 22.18 | 12.45 | -2 | -1.57 | -1.1 | -0.31 | -0.01 | 0 | 0 | 0.23 | -0.1 | -0.1 | -0.1 | - | - | - | - | - | - | - |
Change in Receivables | -10.9 | -33.9 | -30.27 | -35.17 | -37.73 | -39.92 | -32.47 | -24.32 | -23.91 | -42.25 | -31.51 | -25.2 | -23.94 | -13.57 | -9.46 | -3.08 | -5.23 | -12.71 | -2.83 | -7.66 |
Changes in Accounts Payable | 3.06 | 1.62 | 0.6 | 3.79 | 0.49 | 3.93 | 0.38 | 0.94 | 1.21 | 1.26 | -1.39 | 0.72 | -1.2 | -6.66 | -4.75 | -2.76 | -1.76 | 5.62 | 4.06 | -1.83 |
Changes in Accrued Expenses | 12.42 | 0.26 | 10.31 | 10.7 | 15.16 | 16.85 | 4.61 | 0.28 | 2.13 | 3.44 | 4.64 | 4.18 | 4.25 | 8.72 | 7.57 | 7.5 | -1.29 | 3.71 | 2.48 | 3.51 |
Changes in Unearned Revenue | 98.23 | 123.32 | 131.13 | 139.7 | 135.71 | 123.69 | 101.72 | 98.72 | 97.37 | 91.64 | 73.94 | 64.56 | 62.84 | 59.28 | 54.48 | 57.2 | 53.84 | 43.48 | 34.46 | 26.36 |
Changes in Other Operating Activities | -30.98 | -42.32 | -37.85 | -36.88 | -30.77 | -28.64 | -24.59 | -19.73 | -21.85 | -19.2 | -17.33 | -18.02 | -15.39 | -13.24 | -14.25 | -18.42 | -17.81 | -14.32 | -13.95 | -6.52 |
Operating Cash Flow | 432.96 | 387.82 | 363.89 | 335.92 | 307.63 | 285.51 | 251.36 | 232.75 | 207.52 | 153.61 | 116.03 | 87.14 | 62.63 | 53.66 | 42.48 | 38.23 | 24.67 | 9.17 | 12.42 | 8.76 |
Operating Cash Flow Growth | 40.74% | 35.83% | 44.77% | 44.33% | 48.24% | 85.86% | 116.64% | 167.10% | 231.33% | 186.29% | 173.14% | 127.92% | 153.84% | 485.13% | 242.06% | 336.69% | 36.23% | -48.22% | 477.09% | - |
Capital Expenditures | -16.92 | -18.1 | -9.33 | -7.65 | -12.01 | -12.12 | -11.08 | -8.66 | -3.92 | -3.19 | -2.56 | -3.88 | -4.92 | -5.56 | -5.79 | -4.8 | -4.07 | -3.59 | -3.88 | -3.16 |
Purchases of Intangible Assets | -10.85 | -9.3 | -6.96 | -6.79 | -6.73 | -9.02 | -11.77 | -13.92 | -13.37 | -10.49 | -7.87 | -5.32 | -4.18 | -4.56 | -4.54 | -3.49 | -2.8 | -2.62 | -2.55 | -2.17 |
Proceeds from Sale of Intangible Assets | - | - | - | - | - | 0.1 | -0.1 | -0.1 | -0.1 | 0 | 0.1 | 0.1 | 0.1 | - | - | - | - | - | - | - |
Purchases of Investments | -192.48 | -162.93 | -210.75 | -241.62 | -219.91 | -193.3 | -81.67 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from Sale of Investments | 139.46 | 115.75 | 85.78 | 46.18 | 22.38 | 3.71 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Payments for Business Acquisitions | 0 | -33.1 | -33.1 | 0 | 0 | -6.6 | - | - | - | - | - | - | - | -4.05 | - | - | - | - | - | - |
Investing Cash Flow | -113.88 | -107.68 | -174.86 | -216.47 | -222.86 | -217.33 | -111.11 | -22.58 | -17.29 | -13.58 | -14.38 | -13.14 | -13.04 | -14.17 | -10.34 | -8.29 | -6.87 | -6.21 | -6.43 | -5.33 |
Issuance of Common Stock | 11.37 | 12.57 | 17.46 | 17.91 | 18.87 | 19.36 | 15.16 | 13.63 | 12.61 | 13.62 | 11.6 | 13.51 | 14.17 | 14.78 | 18.38 | 18.84 | 15.68 | 12.48 | 8.22 | 4.89 |
Repurchase of Common Stock | -24.33 | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | -8.2 | -8.2 | -8.2 |
Net Common Stock Issued (Repurchased) | -12.96 | 12.57 | 17.46 | 17.91 | 18.87 | 19.36 | 15.16 | 13.63 | 12.61 | 13.62 | 11.6 | 13.51 | 14.17 | 14.78 | 18.38 | 18.84 | 15.68 | 4.28 | 0.02 | -3.32 |
Issuance of Preferred Stock | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 34.95 | 34.95 |
Net Preferred Stock Issued (Repurchased) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 34.95 | 34.95 |
Other Financing Activities | -9.44 | -42.12 | - | - | - | -49.36 | 0 | 0 | 0 | -11.48 | - | - | - | - | - | - | -1.35 | -1.55 | -1.55 | -1.55 |
Financing Cash Flow | -64.52 | -29.55 | -31.9 | -31.45 | -30.49 | -30 | 15.16 | 2.14 | 1.13 | 2.14 | 0.12 | 13.51 | 14.17 | 14.78 | 18.38 | 446.58 | 442.07 | 430.47 | 461.16 | 30.08 |
Net Cash Flow | 254.57 | 250.6 | 157.13 | 87.99 | 54.28 | 38.18 | 155.41 | 212.31 | 191.36 | 142.17 | 101.77 | 87.51 | 63.76 | 54.26 | 50.53 | 476.52 | 459.87 | 433.43 | 467.14 | 33.5 |
Free Cash Flow | 416.04 | 369.73 | 354.56 | 328.27 | 295.62 | 273.4 | 240.28 | 224.09 | 203.6 | 150.42 | 113.47 | 83.26 | 57.72 | 48.09 | 36.69 | 33.43 | 20.6 | 5.58 | 8.54 | 5.59 |
Free Cash Flow Growth | 40.74% | 35.23% | 47.56% | 46.49% | 45.20% | 81.75% | 111.76% | 169.14% | 252.76% | 212.77% | 209.29% | 149.03% | 180.18% | 761.28% | 329.74% | 497.66% | 32.93% | -61.04% | - | - |
FCF Margin | 37.86% | 35.63% | 36.77% | 37.09% | 36.44% | 36.55% | 34.85% | 35.32% | 34.92% | 28.32% | 23.45% | 18.82% | 14.29% | 13.02% | 10.83% | 10.92% | 7.45% | 2.23% | 3.78% | 2.69% |
Free Cash Flow Per Share | 8.58 | 7.64 | 7.37 | 6.86 | 6.22 | 5.79 | 5.06 | 4.74 | 4.33 | 3.32 | 2.60 | 1.99 | 1.44 | 1.22 | 0.94 | 0.92 | 0.69 | 0.24 | 0.49 | 0.43 |
Levered Free Cash Flow | 503.19 | 493.23 | 495.12 | 240.41 | 217.7 | 203.15 | 167.06 | 145.8 | 127.95 | 97.12 | 53.82 | 22.65 | 1.45 | -12.16 | -21.73 | -31.53 | -27.01 | -22.51 | -27.27 | -6.4 |
Unlevered Free Cash Flow | 406.52 | 386.91 | 381.41 | 199.79 | 181.49 | 168.77 | 129.11 | 111.73 | 93.86 | 69.07 | 29.61 | 3.26 | -11.42 | -18.82 | -23.36 | -31.17 | -26.82 | -22.56 | -27.5 | -6.76 |
Updated May 4, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.