Duolingo, Inc. financial data

Symbol
DUOL on Nasdaq
Location
5900 Penn Ave, Second Floor, Pittsburgh, PA
Fiscal year end
December 31
Latest financial report
10-Q - Q3 2025 - Nov 6, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 274 % -14.6%
Debt-to-equity 53.2 % +10.3%
Return On Equity 38.6 % +228%
Return On Assets 25.2 % +218%
Operating Margin 11 % +41.6%

Shares

Label TTM Value / Value Unit Change %
Entity Public Float 6.15B USD +58.1%
Common Stock, Value, Issued 5K USD +25%
Weighted Average Number of Shares Outstanding, Basic 40.6M shares +5.26%
Weighted Average Number of Shares Outstanding, Diluted 49.1M shares +2.45%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 964M USD +39.9%
Cost of Revenue 270M USD +45.7%
Research and Development Expense 293M USD +33.8%
Selling and Marketing Expense 116M USD +36.9%
General and Administrative Expense 179M USD +22%
Operating Income (Loss) 106M USD +98.1%
Nonoperating Income (Expense) -69K USD -123%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 150M USD +58%
Income Tax Expense (Benefit) 12M USD +87.8%
Net Income (Loss) Attributable to Parent 386M 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 1.01B USD +18.4%
Accounts Receivable, after Allowance for Credit Loss, Current 124M USD +32.1%
Assets, Current 1.37B USD +29.2%
Deferred Income Tax Assets, Net 240M USD +28663%
Property, Plant and Equipment, Net 24.6M USD +26.3%
Operating Lease, Right-of-Use Asset 79.3M USD +63%
Intangible Assets, Net (Excluding Goodwill) 28M USD +27.7%
Goodwill 35.3M USD +235%
Other Assets, Noncurrent 9.7M USD +485%
Assets 1.89B USD +54.6%
Accounts Payable, Current 3.57M USD -2.22%
Accrued Liabilities, Current 39.2M USD +40.9%
Contract with Customer, Liability, Current 442M USD +42.2%
Liabilities, Current 485M USD +41.6%
Deferred Income Tax Liabilities, Net 302K USD -3.21%
Operating Lease, Liability, Noncurrent 93.3M USD +70.6%
Liabilities 578M USD +45.6%
Retained Earnings (Accumulated Deficit) 246M USD
Stockholders' Equity Attributable to Parent 1.31B USD +59%
Liabilities and Equity 1.89B USD +54.6%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 106M USD +26.5%
Net Cash Provided by (Used in) Financing Activities 3.12M USD -13.5%
Net Cash Provided by (Used in) Investing Activities -10.5M USD -110%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 98.2M USD +19.6%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1.01B USD +18.3%
Interest Paid, Excluding Capitalized Interest, Operating Activities 0 USD
Deferred Tax Assets, Valuation Allowance 257M USD +63.7%
Operating Lease, Liability 97.3M USD +69.9%
Depreciation 5.28M USD +15%
Payments to Acquire Property, Plant, and Equipment 1.31M USD -7.43%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 386M USD +345%
Lessee, Operating Lease, Liability, to be Paid 136M USD +66%
Property, Plant and Equipment, Gross 44.9M USD +27.1%
Operating Lease, Liability, Current 4.07M USD +55.4%
Lessee, Operating Lease, Liability, to be Paid, Year Two 14.6M USD +59.1%
Lessee, Operating Lease, Liability, to be Paid, Year One 12.2M USD +189%
Operating Lease, Weighted Average Discount Rate, Percent 0.07 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 38.4M USD +56.9%
Lessee, Operating Lease, Liability, to be Paid, Year Three 14.6M USD +53.4%
Deferred Tax Assets, Operating Loss Carryforwards 4.49M USD -71.1%
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 15.1M USD +61.9%
Operating Lease, Payments 1.16M USD +18%
Additional Paid in Capital 1.06B USD +10.3%
Depreciation, Depletion and Amortization 3.59M USD +73.1%
Deferred Tax Assets, Net of Valuation Allowance 18.8M USD +70.2%
Share-based Payment Arrangement, Expense 131M USD +23.9%