Security
Duolingo, Inc. Class A Common Stock · DUOL
DUOLNASDAQCommon stockCurrentCIK 1562088Updated Oct 4, 2026
DUOL price & chart
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NASDAQ:DUOL on TradingView ↗In the news
ONGOING INVESTIGATION NOTICE: Faruqi & Faruqi, LLP Continues Investigation of Potential Securities Claims Against Duolingo (NASDAQ: DUOL) ↗
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Duolingo, Inc. - DUOL ↗
Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 1,992,182,000Source | 1,301,728,000Source | 953,957,000Source | 747,347,000Source |
| Property, Plant and Equipment, NetUSD | 36,297,000Source | 18,943,000Source | 11,792,000Source | 12,969,000Source |
| GoodwillUSD | 35,335,000Source | 10,538,000Source | 4,050,000Source | 4,050,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 28,309,000Source | 19,899,000Source | 15,995,000Source | 8,497,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,036,389,000Source | 785,791,000Source | 747,610,000Source | 608,180,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 162,827,000Source | 128,923,000Source | 88,975,000Source | 46,728,000Source |
| Assets, CurrentUSD | 1,436,606,000Source | 1,101,588,000Source | 897,798,000Source | 697,183,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 16,582,000Source | 14,858,000Source | 7,282,000Source | 7,234,000Source |
| Operating Lease, Right-of-Use AssetUSD | 80,380,000Source | 47,495,000Source | 19,103,000Source | 22,508,000Source |
| Other Assets, NoncurrentUSD | 10,083,000Source | 1,563,000Source | 1,718,000Source | 1,507,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 645,176,000Source | 477,178,000Source | 298,456,000Source | 205,269,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 5,000Source | 4,000Source | 4,000Source | 4,000Source |
| Additional Paid in CapitalUSD | 1,058,783,000Source | 950,393,000Source | 869,918,000Source | 772,562,000Source |
| Retained Earnings (Accumulated Deficit)USD | 288,218,000Source | -125,847,000Source | -214,421,000Source | -230,488,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,347,006,000Source | 824,550,000Source | 655,501,000Source | 542,078,000Source |
| Liabilities and EquityUSD | 1,992,182,000Source | 1,301,728,000Source | 953,957,000Source | 747,347,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 551,148,000Source | 422,231,000Source | 277,362,000Source | 181,766,000Source |
| Operating Lease, Liability, CurrentUSD | 7,204,000Source | 2,581,000Source | 3,944,000Source | 4,903,000Source |
| Accounts Payable, CurrentUSD | 7,998,000Source | 6,381,000Source | 2,447,000Source | 1,177,000Source |
| Operating Lease, Liability, NoncurrentUSD | 93,779,000Source | 54,656,000Source | 21,094,000Source | 23,503,000Source |
| Deferred Income Tax Liabilities, NetUSD | 249,000Source | 291,000Source | — | — |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 45,688,000Source | 36,375,000Source | 24,931,000Source | 21,970,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 14,391,000Source | 10,854,000Source | 7,095,000Source | 4,870,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 137,437,000Source | 110,477,000Source | 95,221,000Source | 73,820,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 33,904,000Source | 39,917,000Source | 42,247,000Source | 13,565,000Source |
| Increase (Decrease) in Accounts PayableUSD | 1,617,000Source | 3,934,000Source | 1,261,000Source | -6,655,000Source |
| Deferred Income Tax Expense (Benefit)USD | -226,729,000Source | 157,000Source | -133,000Source | -215,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 387,823,000Source | 285,513,000Source | 153,614,000Source | 53,656,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 33,100,000Source | 6,595,000Source | 0Source | 4,050,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -107,678,000Source | -217,330,000Source | -13,584,000Source | -14,174,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 18,096,000Source | 12,116,000Source | 3,191,000Source | 5,562,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 41,617,000Source | 49,358,000Source | 11,482,000Source | — |
| Payments for Repurchase of Common StockUSD | — | — | 0Source | 0Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -29,547,000Source | -30,002,000Source | 2,135,000Source | 14,776,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 250,598,000Source | 38,181,000Source | 142,165,000Source | 54,258,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,039,124,000Source | 788,526,000Source | 750,345,000Source | 608,180,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | 0Source | 0Source |
| Income Taxes Paid, NetUSD | 14,357,000Source | 7,620,000Source | 2,320,000Source | 615,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 137,437,000Source | 110,477,000Source | 95,221,000Source | 73,820,000Source |
| Capitalized Computer Software, AmortizationUSD | 9,196,000Source | 5,889,000Source | 2,995,000Source | 1,752,000Source |
| DepreciationUSD | 5,195,000Source | 4,965,000Source | 4,100,000Source | 3,118,000Source |
| Gain (Loss) on Disposition of Intangible AssetsUSD | — | 0Source | 100,000Source | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | 0Source | -433,000Source | — |
| Gain (Loss) on Termination of LeaseUSD | — | — | 0Source | 0Source |
| General and Administrative ExpenseUSD | 181,887,000Source | 155,992,000Source | 132,123,000Source | 117,848,000Source |
| GoodwillUSD | 35,335,000Source | 10,538,000Source | 4,050,000Source | 4,050,000Source |
| Income Tax Expense (Benefit)USD | -231,655,000Source | 13,732,000Source | 1,710,000Source | 938,000Source |
| Net Income (Loss) Attributable to ParentUSD | 414,065,000Source | 88,574,000Source | 16,067,000Source | -59,574,000Source |
| Nonoperating Income (Expense)USD | 1,609,000Source | -2,986,000Source | -55,000Source | -676,000Source |
| Operating ExpensesUSD | 613,887,000Source | 481,784,000Source | 402,263,000Source | 335,259,000Source |
| Payments to Acquire InvestmentsUSD | 162,926,000Source | 193,300,000Source | — | — |
| Proceeds from Stock Options ExercisedUSD | 12,570,000Source | 19,356,000Source | 13,617,000Source | 14,776,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 1,037,589,000Source | 748,024,000Source | 531,109,000Source | 369,495,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | 135,570,000Source | 62,595,000Source | -13,259,000Source | -65,195,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 182,410,000Source | 102,306,000Source | 17,777,000Source | -58,636,000Source |
| Income Tax Expense (Benefit)USD | -231,655,000Source | 13,732,000Source | 1,710,000Source | 938,000Source |
| Net Income (Loss) Attributable to ParentUSD | 414,065,000Source | 88,574,000Source | 16,067,000Source | -59,574,000Source |
| Earnings Per Share, BasicUSD per share | 9.05Source | 2.04Source | 0.39Source | -1.51Source |
| Earnings Per Share, DilutedUSD per share | 8.57Source | 1.88Source | 0.35Source | -1.51Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | — | 39,470,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 48,308,000Source | 47,101,000Source | 46,522,000Source | 39,470,000Source |
| Additional Financial Items | ||||
| Capitalized Computer Software, AmortizationUSD | 9,196,000Source | 5,889,000Source | 2,995,000Source | 1,752,000Source |
| Current Income Tax Expense (Benefit)USD | -4,926,000Source | 13,575,000Source | 1,843,000Source | 1,153,000Source |
| General and Administrative ExpenseUSD | 181,887,000Source | 155,992,000Source | 132,123,000Source | 117,848,000Source |
| Gross ProfitUSD | 749,457,000Source | 544,379,000Source | 389,004,000Source | 270,064,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 167,873,000Source | 97,051,000Source | 16,501,000Source | — |
| Interest Income, OperatingUSD | 45,231,000Source | 42,697,000Source | 31,091,000Source | 7,235,000Source |
| Nonoperating Income (Expense)USD | 1,609,000Source | -2,986,000Source | -55,000Source | -676,000Source |
| Operating ExpensesUSD | 613,887,000Source | 481,784,000Source | 402,263,000Source | 335,259,000Source |
| Other ExpensesUSD | 1,773,000Source | 4,253,000Source | 645,000Source | 807,000Source |
| Other IncomeUSD | 3,382,000Source | 1,267,000Source | 590,000Source | 131,000Source |
| Research and Development ExpenseUSD | 306,323,000Source | 235,298,000Source | 194,352,000Source | 150,444,000Source |
| Selling and Marketing ExpenseUSD | 125,677,000Source | 90,494,000Source | 75,788,000Source | 66,967,000Source |