Duolingo, Inc. (DUOL) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 1.51B | 1.44B | 1.37B | 1.32B | 1.22B | 1.1B | 1.06B | 1.04B | 977.28M | 897.8M | 819.11M | 784.94M | 741.23M | 697.18M | 668.33M | 655.15M | 640.63M | 619.27M | 596.34M | 162.57M |
| Cash & Short-Term Investments | 1.25B | 1.14B | 1.12B | 1.1B | 999.28M | 877.64M | 880.76M | 888.24M | 829.71M | 747.61M | 701.74M | 678.66M | 641.09M | 608.18M | 599.97M | 591.16M | 577.33M | 553.92M | 549.44M | 114.64M |
| Cash Only | 1.14B | 1.04B | 1.01B | 976.23M | 884M | 785.79M | 854.41M | 888.24M | 829.71M | 747.61M | 701.74M | 678.66M | 641.09M | 608.18M | 599.97M | 591.16M | 577.33M | 553.92M | 549.44M | 114.64M |
| Short-Term Investments | 113.05M | 104.08M | 109.91M | 121.65M | 115.28M | 91.85M | 26.35M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 125.09M | 279.56M | 228.94M | 112.92M | 114.18M | 128.92M | 94.22M | 77.72M | 76.42M | 88.97M | 61.71M | 55.77M | 52.51M | 46.73M | 30.2M | 28.21M | 28.57M | 33.16M | 20.74M | 25.13M |
| Days Sales Outstanding | 62.37 | 82.69 | 57.88 | 40.96 | 47.41 | 48.98 | 41.07 | 39.33 | 44.91 | 45.91 | 39.27 | 38.84 | 38.61 | 34.08 | 27.97 | 29.23 | 34.2 | 33.96 | 33.18 | 37.51 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 129.26M | 16.58M | 16.71M | 113.19M | 106.19M | 95.02M | 83.46M | 75.6M | 71.14M | 61.21M | 55.66M | 50.51M | 47.63M | 42.27M | 30.26M | 29.22M | 27.78M | 24.22M | 19.73M | 17.17M |
| Total Non-Current Assets | 552.03M | 555.58M | 518.53M | 218.57M | 1.4B | 1.3B | 1.22B | 1.14B | 91.39M | 56.16M | 51.61M | 49.86M | 49.15M | 50.16M | 45.37M | 45.9M | 43.88M | 42.04M | 21.43M | 19.13M |
| Property, Plant & Equipment | 116.91M | 116.68M | 103.89M | 100.67M | 65.53M | 66.44M | 68.12M | 68.1M | 62.99M | 30.89M | 31.91M | 33.55M | 34.62M | 35.48M | 36.34M | 37.87M | 37.35M | 36.58M | 16.24M | 14.5M |
| Fixed Asset Turnover | 2.50x | 2.56x | 2.66x | 3.04x | 3.50x | 3.11x | 2.83x | 2.72x | 3.57x | 4.81x | 4.21x | 3.72x | 3.30x | 2.89x | 2.59x | 2.35x | 2.20x | 2.76x | 4.14x | 4.12x |
| Goodwill | 35.34M | 35.34M | 35.34M | 10.54M | 10.54M | 10.54M | 10.54M | 4.05M | 4.05M | 4.05M | 4.05M | 4.05M | 4.05M | 4.05M | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 28.33M | 28.31M | 27.97M | 19.92M | 18.87M | 19.9M | 21.9M | 20.59M | 18.59M | 15.99M | 13.77M | 10.4M | 8.47M | 8.5M | 7.02M | 6.41M | 5.49M | 4.57M | 4.18M | 3.73M |
| Long-Term Investments | 140.21M | 137.83M | 101.47M | 75.36M | 83.34M | 98.29M | 55.33M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 13.41M | 10.08M | 9.7M | 11.4M | 1.22B | 1.11B | 1.06B | 1.05B | 4.98M | 4.45M | 1.25M | 1.24M | 1.37M | 1.51M | 1.59M | 1.21M | 1.04M | 894K | 1.01M | 897K |
| Total Assets | 2.06B | 1.99B | 1.89B | 1.54B | 2.62B | 2.4B | 2.28B | 2.18B | 1.07B | 953.96M | 870.71M | 834.8M | 790.38M | 747.35M | 713.7M | 701.05M | 684.51M | 661.31M | 617.78M | 181.69M |
| Asset Turnover | 0.14x | 0.15x | 0.16x | 0.12x | 0.09x | 0.09x | 0.09x | 0.11x | 0.17x | 0.17x | 0.16x | 0.16x | 0.15x | 0.14x | 0.14x | 0.13x | 0.12x | 0.11x | 0.16x | 0.33x |
| Asset Growth % | -21.53% | -17.11% | -17.22% | -29.27% | 145.43% | 151.93% | 161.62% | 161.26% | 35.21% | 27.65% | 22% | 19.08% | 15.47% | 13.01% | 15.53% | 285.84% | 287% | 276.3% | - | - |
| Total Current Liabilities | 574.11M | 551.15M | 484.54M | 471.38M | 454.49M | 422.23M | 342.13M | 317.72M | 303.72M | 277.36M | 234.93M | 217.11M | 202.81M | 181.77M | 155.63M | 147.33M | 135.78M | 119.13M | 98.64M | 85.05M |
| Accounts Payable | 7.49M | 8M | 3.57M | 7.73M | 2.55M | 6.38M | 3.65M | 3.4M | 2.63M | 2.45M | 2.71M | 2.31M | 986K | 1.18M | 3.36M | 1.5M | 2.02M | 7.82M | 8.71M | 4.27M |
| Days Payables Outstanding | 8.83 | 6.91 | 6.95 | 6.71 | 6.03 | 7.83 | 6.22 | 5.79 | 5.11 | 5.85 | 6.37 | 4.43 | 3.09 | 7.52 | 8.51 | 6.71 | 20.6 | 38.1 | 33.01 | 22.69 |
| Short-Term Debt | 0 | 0 | 4.07M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 513.26M | 496.2M | 441.73M | 431.18M | 415.02M | 372.88M | 310.6M | 291.48M | 279.31M | 249.19M | 208.89M | 192.75M | 181.94M | 157.55M | 134.94M | 128.19M | 119.1M | 98.27M | 80.46M | 71M |
| Other Current Liabilities | 53.37M | 46.95M | 35.16M | 0 | 0 | 0 | 0 | 0 | 0 | 8.81M | 10.22M | 9.46M | 8.29M | 9.11M | 9.46M | 9.05M | 6.4M | 6.2M | 4.54M | 5.71M |
| Current Ratio | 2.62x | 2.61x | 2.82x | 2.81x | 2.68x | 2.61x | 3.09x | 3.28x | 3.22x | 3.24x | 3.49x | 3.62x | 3.65x | 3.84x | 4.29x | 4.45x | 4.72x | 5.20x | 6.05x | 1.91x |
| Quick Ratio | 2.62x | 2.61x | 2.82x | 2.81x | 2.68x | 2.61x | 3.09x | 3.28x | 3.22x | 3.24x | 3.49x | 3.62x | 3.65x | 3.84x | 4.29x | 4.45x | 4.72x | 5.20x | 6.05x | 1.91x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 92.12M | 94.03M | 93.56M | 94.14M | 1.27B | 1.16B | 1.11B | 1.1B | 53.89M | 21.09M | 20.96M | 21.29M | 22.38M | 23.5M | 24.24M | 25.5M | 28.02M | 29.12M | 8.4M | 190.42M |
| Long-Term Debt | 91.87M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 93.78M | 93.26M | 93.84M | 54.53M | 54.66M | 54.65M | 54.77M | 53.89M | 21.09M | 20.96M | 21.29M | 22.38M | 23.5M | 24.24M | 25.5M | 28.02M | 29.12M | 8.4M | 7.81M |
| Deferred Tax Liabilities | 243K | 249K | 302K | 302K | 302K | 291K | 312K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 1.22B | 1.1B | 1.06B | 1.04B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 182.61M |
| Total Liabilities | 666.23M | 645.18M | 578.1M | 565.53M | 1.73B | 1.58B | 1.46B | 1.41B | 357.62M | 298.46M | 255.9M | 238.4M | 225.19M | 205.27M | 179.87M | 172.83M | 163.8M | 148.25M | 107.05M | 275.47M |
| Total Debt | 91.87M | 93.78M | 97.32M | 93.84M | 54.53M | 54.66M | 54.65M | 54.77M | 53.89M | 25.04M | 26.05M | 27.34M | 27.9M | 28.41M | 28.88M | 30.03M | 31.98M | 32.46M | 9.94M | 8.44M |
| Net Debt | -1.05B | -942.61M | -914.22M | -882.39M | -829.46M | -731.13M | -799.76M | -833.47M | -775.82M | -722.57M | -675.69M | -651.32M | -613.19M | -579.77M | -571.09M | -561.13M | -545.35M | -521.46M | -539.5M | -106.2M |
| Debt / Equity | 0.07x | 0.07x | 0.07x | 0.10x | 0.06x | 0.07x | 0.07x | 0.07x | 0.08x | 0.04x | 0.04x | 0.05x | 0.05x | 0.05x | 0.05x | 0.06x | 0.06x | 0.06x | 0.02x | - |
| Debt / EBITDA | 2.06x | 1.98x | 2.51x | 2.55x | 2.01x | 3.12x | 3.32x | 2.62x | 2.91x | 3.66x | - | - | - | - | - | - | - | - | - | 53.42x |
| Net Debt / EBITDA | -23.51x | -19.94x | -23.62x | -23.98x | -30.51x | -41.68x | -48.62x | -39.80x | -41.91x | -105.69x | - | - | - | - | - | - | - | - | - | -672.13x |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | - | - | -4.25x | - | - | - | - | - | - |
| Total Equity | 1.39B | 1.35B | 1.31B | 977.03M | 893.83M | 824.55M | 822.45M | 766.94M | 711.05M | 655.5M | 614.82M | 596.4M | 565.19M | 542.08M | 533.83M | 528.22M | 520.71M | 513.06M | 510.73M | -93.78M |
| Equity Growth % | 55.71% | 63.36% | 58.98% | 27.39% | 25.7% | 25.79% | 33.77% | 28.59% | 25.81% | 20.92% | 15.17% | 12.91% | 8.54% | 5.66% | 4.52% | 663.27% | 632.51% | 735.83% | - | - |
| Book Value per Share | 29.85 | 28.89 | 26.61 | 19.94 | 18.43 | 18.35 | 16.58 | 16.05 | 15.02 | 13.38 | 13.10 | 12.72 | 13.91 | 13.43 | 13.43 | 13.45 | 13.49 | 13.47 | 17.29 | -2.61 |
| Total Shareholders' Equity | 1.39B | 1.35B | 1.31B | 977.03M | 893.83M | 824.55M | 822.45M | 766.94M | 711.05M | 655.5M | 614.82M | 596.4M | 565.19M | 542.08M | 533.83M | 528.22M | 520.71M | 513.06M | 510.73M | -93.78M |
| Common Stock | 5K | 5K | 5K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 1K |
| Retained Earnings | 331.68M | 288.22M | 246.26M | -45.93M | -90.71M | -125.85M | -139.75M | -163.11M | -187.47M | -214.42M | -226.54M | -229.34M | -233.07M | -230.49M | -216.56M | -198.11M | -183.07M | -170.91M | -153.4M | -124.43M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |