Duolingo, Inc. (DUOL)

DUOL Balance Sheet

Assets, liabilities, and equity analysis

DUOL Quarterly Balance Sheet (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Total Current Assets	1.506B	1.506B	1.437B	1.367B	1.324B	1.220B	1.102B	1.058B	1.042B
Cash & Cash Equivalents	1.139B	1.139B	1.036B	1.012B	976.231M	883.996M	785.791M	854.409M	888.240M
Short-Term Investments	113.049M	113.049M	104.078M	109.912M	121.652M	115.284M	91.854M	26.354M	0.00
Cash & Short-Term Investments	1.252B	1.252B	1.140B	1.121B	1.098B	999.280M	877.645M	880.763M	888.240M
Accounts Receivable	130.178M	130.178M	176.894M	134.375M	112.919M	114.183M	209.085M	161.544M	141.007M
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Assets	2.058B	2.058B	1.992B	1.886B	1.543B	1.403B	1.302B	1.220B	1.139B
Property, Plant & Equipment	116.910M	116.910M	116.677M	103.892M	100.672M	65.530M	66.438M	68.119M	68.103M
Goodwill	35.335M	35.335M	35.335M	35.335M	10.538M	10.538M	10.538M	10.538M	4.050M
Intangible Assets	28.327M	28.327M	28.309M	27.968M	19.924M	18.872M	19.899M	21.900M	20.586M
Long-Term Investments	140.211M	140.211M	135.098M	98.735M	75.362M	83.342M	101.027M	58.063M	2.735M
Total Current Liabilities	574.114M	574.114M	551.148M	484.540M	471.383M	454.485M	422.231M	342.133M	317.724M
Accounts Payable	7.486M	7.486M	7.998M	3.568M	7.729M	2.546M	6.381M	3.649M	3.405M
Short-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	2.581M	2.616M	2.456M
Total Liabilities	666.230M	666.230M	645.176M	578.099M	565.528M	509.320M	477.178M	397.096M	372.499M
Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Debt	91.873M	91.873M	93.779M	93.257M	93.843M	54.533M	57.237M	57.267M	57.231M
Net Debt (Cash)	-1.047B	-1.047B	-942.610M	-918.285M	-882.388M	-829.463M	-728.554M	-797.142M	-831.009M
Total Shareholders' Equity	1.392B	1.392B	1.347B	1.308B	977.031M	893.826M	824.550M	822.453M	766.944M
Common Stock	5K	5K	5K	5K	4K	4K	4K	4K	4K
Retained Earnings	331.678M	331.678M	288.218M	246.264M	-45.931M	-90.712M	-125.847M	-139.754M	-163.114M
Current Ratio	2.62	2.62	2.61	2.82	2.81	2.68	2.61	3.09	3.28
Debt to Equity Ratio	0.07	0.07	0.07	0.07	0.10	0.06	0.07	0.07	0.07

DUOL Annual Balance Sheet (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Total Current Assets	1.437B	1.102B	897.798M	697.183M	619.271M	158.380M	78.923M
Cash & Cash Equivalents	1.036B	785.791M	747.610M	608.180M	553.922M	120.490M	59.843M
Short-Term Investments	104.078M	91.854M	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	1.140B	877.645M	747.610M	608.180M	553.922M	120.490M	59.843M
Accounts Receivable	176.894M	128.950M	88.975M	46.728M	57.382M	34.035M	16.937M
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Assets	1.992B	1.302B	953.957M	747.347M	661.311M	175.739M	95.059M
Property, Plant & Equipment	116.677M	66.438M	30.895M	35.477M	36.580M	14.501M	13.821M
Goodwill	35.335M	10.538M	4.050M	4.050M	0.00	0.00	0.00
Intangible Assets	28.309M	19.899M	15.995M	8.497M	4.566M	2.296M	1.791M
Long-Term Investments	135.098M	98.292M	0.00	0.00	0.00	0.00	0.00
Total Current Liabilities	551.148M	422.231M	277.362M	181.766M	119.131M	65.690M	32.107M
Accounts Payable	7.998M	6.381M	2.447M	1.177M	7.818M	2.196M	3.811M
Short-Term Debt	0.00	0.00	0.00	0.00	3.336M	1.111M	974K
Total Liabilities	645.176M	477.178M	298.456M	205.269M	148.255M	73.821M	41.349M
Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Debt	93.779M	54.656M	25.038M	28.406M	32.460M	9.242M	10.216M
Net Debt (Cash)	-942.610M	-731.135M	-722.572M	-579.774M	-521.462M	-111.248M	-49.627M
Total Shareholders' Equity	1.347B	824.550M	655.501M	542.078M	513.056M	101.918M	53.710M
Common Stock	5K	4K	4K	4K	4K	1K	1K
Retained Earnings	288.218M	-125.847M	-214.421M	-230.488M	-170.914M	-110.779M	-95.003M
Current Ratio	2.61	2.61	3.24	3.84	5.20	2.41	2.46
Debt to Equity Ratio	0.07	0.07	0.04	0.05	0.06	0.09	0.19

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Duolingo, Inc.

Duolingo, Inc. builds and operates an online platform and a mobile application dedicated to language learning, catering to audiences in both the United States and China. The company's comprehensive curriculum spans 40 diverse languages, featuring prominent options such as Spanish, English, French, Japanese, German, Italian, Chinese, and Portuguese, among others. Furthermore, it offers a digital examination for assessing language proficiency. This enterprise was founded in 2011 and its main offices are located in Pittsburgh, Pennsylvania.

Pittsburgh, PA

830 employees

www.duolingo.com

Technology / Software - Application

Sector: Technology
Industry: Software - Application
CEO: Luis Alfonso von Ahn Arellano

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