Duolingo, Inc. financial data

Symbol
DUOL on Nasdaq
Location
Pittsburgh, PA
Fiscal year end
31 December
Latest financial report
10-Q - Q3 2025 - 06 Nov 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 274% % -15%
Debt-to-equity 53% % 10%
Return On Equity 39% % 228%
Return On Assets 25% % 218%
Operating Margin 11% % 42%

Shares

Label TTM Value / Value Unit Change %
Entity Public Float $6,153,312,710 USD 58%
Common Stock, Value, Issued $5,000 USD 25%
Weighted Average Number of Shares Outstanding, Diluted 49,144,000 shares 2.4%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax $964,271,000 USD 40%
Cost of Revenue $270,058,000 USD 46%
Research and Development Expense $293,162,000 USD 34%
Selling and Marketing Expense $116,121,000 USD 37%
General and Administrative Expense $178,932,000 USD 22%
Operating Income (Loss) $105,998,000 USD 98%
Nonoperating Income (Expense) $69,000 USD -123%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $150,261,000 USD 58%
Income Tax Expense (Benefit) $12,018,000 USD 88%
Net Income (Loss) Attributable to Parent $386,018,000 USD 345%
Earnings Per Share, Basic 8 USD/shares 320%
Earnings Per Share, Diluted 7 USD/shares 329%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value $1,011,542,000 USD 18%
Accounts Receivable, after Allowance for Credit Loss, Current $124,489,000 USD 32%
Assets, Current $1,367,105,000 USD 29%
Deferred Income Tax Assets, Net $240,172,000 USD 28663%
Property, Plant and Equipment, Net $24,626,000 USD 26%
Operating Lease, Right-of-Use Asset $79,266,000 USD 63%
Intangible Assets, Net (Excluding Goodwill) $27,968,000 USD 28%
Goodwill $35,335,000 USD 235%
Other Assets, Noncurrent $9,696,000 USD 485%
Assets $1,885,638,000 USD 55%
Accounts Payable, Current $3,568,000 USD -2.2%
Accrued Liabilities, Current $39,228,000 USD 41%
Contract with Customer, Liability, Current $441,728,000 USD 42%
Liabilities, Current $484,540,000 USD 42%
Deferred Income Tax Liabilities, Net $302,000 USD -3.2%
Operating Lease, Liability, Noncurrent $93,257,000 USD 71%
Liabilities $578,099,000 USD 46%
Retained Earnings (Accumulated Deficit) $246,264,000 USD
Stockholders' Equity Attributable to Parent $1,307,539,000 USD 59%
Liabilities and Equity $1,885,638,000 USD 55%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities $105,631,000 USD 26%
Net Cash Provided by (Used in) Financing Activities $3,123,000 USD -13%
Net Cash Provided by (Used in) Investing Activities $10,549,000 USD -110%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $98,205,000 USD 20%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $1,014,277,000 USD 18%
Interest Paid, Excluding Capitalized Interest, Operating Activities $0 USD
Deferred Tax Assets, Valuation Allowance $256,728,000 USD 64%
Operating Lease, Liability $97,323,000 USD 70%
Depreciation $5,284,000 USD 15%
Payments to Acquire Property, Plant, and Equipment $1,309,000 USD -7.4%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $386,018,000 USD 345%
Lessee, Operating Lease, Liability, to be Paid $135,699,000 USD 66%
Property, Plant and Equipment, Gross $44,884,000 USD 27%
Operating Lease, Liability, Current $4,066,000 USD 55%
Lessee, Operating Lease, Liability, to be Paid, Year Two $14,578,000 USD 59%
Lessee, Operating Lease, Liability, to be Paid, Year One $12,174,000 USD 189%
Operating Lease, Weighted Average Discount Rate, Percent 0.07 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount $38,376,000 USD 57%
Lessee, Operating Lease, Liability, to be Paid, Year Three $14,606,000 USD 53%
Deferred Tax Assets, Operating Loss Carryforwards $4,491,000 USD -71%
Unrecognized Tax Benefits $0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four $15,053,000 USD 62%
Operating Lease, Payments $1,159,000 USD 18%
Additional Paid in Capital $1,061,270,000 USD 10%
Depreciation, Depletion and Amortization $3,590,000 USD 73%
Deferred Tax Assets, Net of Valuation Allowance $18,792,000 USD 70%
Share-based Payment Arrangement, Expense $130,962,000 USD 24%