duol: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, DUOL has $1,885,638K in assets. $578,099K in debts.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Balance Sheets	2025-09-30	2025-06-30	2025-03-31	2024-09-30
Property and equipment, net	24,626	19,685	19,161	19,495
Goodwill	35,335	10,538	10,538	10,538
Restricted cash	2,735	2,735	2,735	2,735
Deferred tax assets, net	240,172	675	675	835
Other assets	9,696	8,663	1,797	1,657
Total assets	1,885,638	1,542,559	1,403,146	1,219,549

Deferred revenues	441,728	431,177	415,023	310,603
Accounts payable	3,568	7,729	2,546	3,649
Income tax payable	16	24	6,381	36
Accrued expenses and other current liabilities	39,228	32,453	30,535	27,845
Total current liabilities	484,540	471,383	454,485	342,133
Long-term obligation under operating leases	93,257	93,843	54,533	54,651
Deferred tax liabilities, net	302	302	302	312
Total liabilities	578,099	565,528	509,320	397,096
Class a common stock, 0.0001 par value 2,000,000 shares authorized as of september30, 2025 and december31, 2024 39,992 and 38,730 issued and outstanding at september30, 2025 and december31, 2024, respectively class b common stock, 0.0001 par value 30,000 shares authorized as of september30, 2025 and december31, 2024 6,117 and 6,206 issued and outstanding at september30, 2025 and december31, 2024, respectively	5	4	4	4
Additional paid-in capital	1,061,270	1,022,958	984,534	962,203
Retained earnings (accumulated deficit)	246,264	-45,931	-90,712	-139,754
Total stockholders equity	1,307,539	977,031	893,826	822,453
Total liabilities and stockholders' equity	1,885,638	1,542,559	1,403,146	1,219,549