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Balance Sheets Overview

Current Ratio
271.90%
Quick Ratio
271.90%
Cash Ratio
204.36%
Debt to Asset Ratio
32.03%
Unit: Thousand (K) dollars
Assets Breakdown
    • Deferred tax assets, net
    • Short-term investments
    • Accounts receivable
    • Others
Liabilities Breakdown
    • Additional paid-in capital
    • Deferred revenues
    • Retained earnings
    • Others
Balance Sheets
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Cash and cash equivalents
1,180,887
1,138,561
1,036,389
1,011,542
Short-term investments
132,979
113,049
104,078
109,912
Accounts receivable
130,979
125,086
162,827
124,489
Deferred cost of revenues
102,689
104,513
102,663
94,570
Income tax receivable
2,707
5,092
14,067
9,886
Prepaid expenses and other current assets
20,873
19,658
16,582
16,706
Total current assets
1,571,114
1,505,959
1,436,606
1,367,105
Operating lease right-of-use assets
74,830
79,944
80,380
79,266
Long-term investments
102,693
140,211
135,098
98,735
Intangible assets, net
27,598
28,327
28,309
27,968
Property and equipment, net
42,619
36,966
36,297
24,626
Goodwill
35,335
35,335
35,335
35,335
Restricted cash
2,735
2,735
2,735
2,735
Deferred tax assets, net
206,039
217,837
227,339
240,172
Other assets
10,990
10,680
10,083
9,696
Total assets
2,073,953
2,057,994
1,992,182
1,885,638
Deferred revenues
505,102
513,256
496,205
441,728
Accounts payable
16,196
7,486
7,998
3,568
Income tax payable
1,106
3,814
1,257
16
Accrued expenses and other current liabilities
55,429
49,558
45,688
39,228
Total current liabilities
577,833
574,114
551,148
484,540
Long-term obligation under operating leases
86,136
91,873
93,779
93,257
Deferred tax liabilities, net
242
243
249
302
Other long-term liabilities
-
0
-
-
Total liabilities
664,211
666,230
645,176
578,099
Class a common stock, 0.0001 par value 2,000,000 shares authorized as of june30, 2026 and december31, 2025 40,337 issued and 40,325 outstanding at june30, 2026 and 40,368 issued and outstanding at december31, 2025, respectively class b common stock, 0.0001 par value 30,000 shares authorized as of june30, 2026 and december31, 2025 6,399 and 6,260 issued and outstanding at june30, 2026 and december31, 2025, respectively
5
5
5
5
Treasury stock, at cost 12 and 0 shares as of june30, 2026 and december31, 2025, respectively
1,425
4,499
-
-
Additional paid-in capital
1,046,326
1,064,580
1,058,783
1,061,270
Retained earnings
364,836
331,678
288,218
246,264
Total stockholders equity
1,409,742
1,391,764
1,347,006
1,307,539
Total liabilities and stockholders' equity
2,073,953
2,057,994
1,992,182
1,885,638
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets

Cash and cashequivalents$1,180,887K (20.96%↑ Y/Y)Short-term investments$132,979K (9.31%↑ Y/Y)Accounts receivable$130,979K (15.99%↑ Y/Y)Deferred cost of revenues$102,689K (9.48%↑ Y/Y)Prepaid expenses andother current assets$20,873K (7.63%↑ Y/Y)Income tax receivable$2,707K Total current assets$1,571,114K (18.67%↑ Y/Y)Deferred tax assets, net$206,039K (30424.30%↑ Y/Y)Long-term investments$102,693K (36.27%↑ Y/Y)Operating leaseright-of-use assets$74,830K (-7.60%↓ Y/Y)Property and equipment,net$42,619K (116.50%↑ Y/Y)Goodwill$35,335K (235.31%↑ Y/Y)Intangible assets, net$27,598K (38.52%↑ Y/Y)Other assets$10,990K (26.86%↑ Y/Y)Restricted cash$2,735K (0.00%↑ Y/Y)Total assets$2,073,953K (34.45%↑ Y/Y)Total liabilities andstockholders' equity$2,073,953K (34.45%↑ Y/Y)Total stockholdersequity$1,409,742K (44.29%↑ Y/Y)Total liabilities$664,211K (17.45%↑ Y/Y)Treasury stock, at cost 12and 0 shares as of...$1,425K Additional paid-in capital$1,046,326K (2.28%↑ Y/Y)Retained earnings$364,836K (894.31%↑ Y/Y)Total currentliabilities$577,833K (22.58%↑ Y/Y)Long-term obligationunder operating...$86,136K (-8.21%↓ Y/Y)Deferred taxliabilities, net$242K (-19.87%↓ Y/Y)Class a common stock,0.0001 par value...$5K (25.00%↑ Y/Y)Deferred revenues$505,102K (17.14%↑ Y/Y)Accrued expenses andother current...$55,429K (70.80%↑ Y/Y)Accounts payable$16,196K (109.55%↑ Y/Y)Income tax payable$1,106K (4508.33%↑ Y/Y)
776364e6419216ffd84ddf8d8815711b-svg

Duolingo, Inc. (DUOL)

776364e6419216ffd84ddf8d8815711b-svg

Duolingo, Inc. (DUOL)