| Balance Sheets | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 1,011,542 | 976,231 | 883,996 | 854,409 |
| Short-term investments | 109,912 | 121,652 | 115,284 | 26,354 |
| Accounts receivable | 124,489 | 112,919 | 114,183 | 94,215 |
| Deferred cost of revenues | 94,570 | 93,794 | 89,564 | 67,329 |
| Income tax receivable | 9,886 | - | - | - |
| Prepaid expenses and other current assets | 16,706 | 19,394 | 16,630 | 16,130 |
| Total current assets | 1,367,105 | 1,323,990 | 1,219,657 | 1,058,437 |
| Operating lease right-of-use assets | 79,266 | 80,987 | 46,369 | 48,624 |
| Long-term investments | 98,735 | 75,362 | 83,342 | 55,328 |
| Intangible assets, net | 27,968 | 19,924 | 18,872 | 21,900 |
| 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 |
Duolingo, Inc. (DUOL)
Duolingo, Inc. (DUOL)