Duolingo, Inc. financial data

Symbol
DUOL on Nasdaq
Industry
Services-Prepackaged Software
Location
5900 Penn Ave, Second Floor, Pittsburgh, Pennsylvania
State of incorporation
Delaware
Fiscal year end
December 31
Latest financial report
Q1 2024 - May 9, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 337 % -16.2%
Debt-to-equity 44.6 % +23.6%
Return On Equity 7.08 %
Return On Assets 4.89 %
Operating Margin 2.01 %

Shares

Label TTM Value / Value Unit Change %
Entity Public Float 3.89B USD +108%
Common Stock, Value, Issued 4K USD 0%
Weighted Average Number of Shares Outstanding, Basic 40.6M shares +5.26%
Weighted Average Number of Shares Outstanding, Diluted 47.4M shares +16.6%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 583M USD +44.3%
Cost of Revenue 156M USD +42.4%
Research and Development Expense 199M USD +19.7%
Selling and Marketing Expense 79.1M USD +15.3%
General and Administrative Expense 137M USD +13%
Operating Income (Loss) 11.7M USD
Nonoperating Income (Expense) -858K USD -371%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 46.3M USD
Income Tax Expense (Benefit) 721K USD -9.19%
Net Income (Loss) Attributable to Parent 45.6M USD
Earnings Per Share, Basic 1.08 USD/shares
Earnings Per Share, Diluted 0.98 USD/shares

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 830M USD +29.4%
Accounts Receivable, after Allowance for Credit Loss, Current 76.4M USD +45.5%
Assets, Current 977M USD +31.8%
Deferred Income Tax Assets, Net 766K USD +21%
Property, Plant and Equipment, Net 13.2M USD +2.86%
Operating Lease, Right-of-Use Asset 49.8M USD +129%
Intangible Assets, Net (Excluding Goodwill) 18.6M USD +119%
Goodwill 4.05M USD 0%
Other Assets, Noncurrent 2.25M USD +64.6%
Assets 1.07B USD +35.2%
Accounts Payable, Current 2.63M USD +166%
Accrued Liabilities, Current 21.4M USD +13%
Contract with Customer, Liability, Current 279M USD +53.5%
Liabilities, Current 304M USD +49.8%
Operating Lease, Liability, Noncurrent 53.9M USD +141%
Liabilities 358M USD +58.8%
Retained Earnings (Accumulated Deficit) -187M USD +19.6%
Stockholders' Equity Attributable to Parent 711M USD +25.8%
Liabilities and Equity 1.07B USD +35.2%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 83.5M USD +182%
Net Cash Provided by (Used in) Financing Activities 3.61M USD -21.8%
Net Cash Provided by (Used in) Investing Activities -5.02M USD -283%
Common Stock, Par or Stated Value Per Share 0 USD/shares
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 82.1M USD +149%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 832M USD +29.8%
Interest Paid, Excluding Capitalized Interest, Operating Activities 0 USD
Deferred Tax Assets, Valuation Allowance 157M USD +44.6%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Operating Lease, Liability 56.6M USD
Depreciation 4.16M USD +16.7%
Payments to Acquire Property, Plant, and Equipment 1.41M USD +108%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 45.6M USD
Lessee, Operating Lease, Liability, to be Paid 83.1M USD
Property, Plant and Equipment, Gross 26.5M USD +20.3%
Operating Lease, Liability, Current 2.75M USD -50.2%
Lessee, Operating Lease, Liability, to be Paid, Year Two 8.94M USD
Lessee, Operating Lease, Liability, to be Paid, Year One 3.65M USD
Operating Lease, Weighted Average Discount Rate, Percent 0.07 pure +15.3%
Deferred Income Tax Expense (Benefit) -133K USD +38.1%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 26.4M USD
Lessee, Operating Lease, Liability, to be Paid, Year Three 9.16M USD
Deferred Tax Assets, Operating Loss Carryforwards 15.5M USD -63.8%
Deferred Federal Income Tax Expense (Benefit) 0 USD
Current Income Tax Expense (Benefit) 1.84M USD +59.8%
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 9.3M USD
Operating Lease, Payments 2.04M USD +16.6%
Additional Paid in Capital 899M USD +12.6%
Current State and Local Tax Expense (Benefit) 607K USD +85.6%
Current Federal Tax Expense (Benefit) 895K USD +196%
Depreciation, Depletion and Amortization 2.07M USD +17.7%
Deferred Tax Assets, Net of Valuation Allowance 11M USD +7.72%
Share-based Payment Arrangement, Expense 99.1M USD +23.4%
Deferred State and Local Income Tax Expense (Benefit) 0 USD