For the year ending 2025-12-31, DUOL has $1,992,182K in assets. $645,176K in debts. $1,036,389K in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 1,036,389 | 785,791 | 747,610 | 608,180 |
| Short-term investments | 104,078 | 91,854 | - | - |
| Accounts receivable | 162,827 | 128,923 | 88,975 | 46,728 |
| Deferred cost of revenues | 102,663 | 80,162 | 53,931 | 35,041 |
| Income tax receivable | 14,067 | - | - | - |
| Prepaid expenses and other current assets | 16,582 | 14,858 | 7,282 | 7,234 |
| Total current assets | 1,436,606 | 1,101,588 | 897,798 | 697,183 |
| Operating lease right-of-use assets | 80,380 | 47,495 | 19,103 | 22,508 |
| Long-term investments | 135,098 | 98,292 | - | - |
| Intangible assets, net | 28,309 | 19,899 | 15,995 | 8,497 |
| Property and equipment, net | 36,297 | 18,943 | 11,792 | 12,969 |
| Goodwill | 35,335 | 10,538 | 4,050 | 4,050 |
| Restricted cash | 2,735 | 2,735 | 2,735 | - |
| Deferred tax assets, net | 227,339 | 675 | 766 | 633 |
| Other assets | 10,083 | 1,563 | 1,718 | 1,507 |
| Total assets | 1,992,182 | 1,301,728 | 953,957 | 747,347 |
| Deferred revenues | 496,205 | 372,884 | 249,192 | 157,550 |
| Accounts payable | 7,998 | 6,381 | 2,447 | 1,177 |
| Income tax payable | 1,257 | 6,591 | 792 | 1,069 |
| Accrued expenses and other current liabilities | 45,688 | 36,375 | 24,931 | 21,970 |
| Total current liabilities | 551,148 | 422,231 | 277,362 | 181,766 |
| Long-term obligation under operating leases | 93,779 | 54,656 | 21,094 | 23,503 |
| Deferred tax liabilities, net | 249 | 291 | - | - |
| Total liabilities | 645,176 | 477,178 | 298,456 | 205,269 |
| Class a common stock, 0.0001 par value 2,000,000 shares authorized as of december31, 2025 and december31, 2024 40,368 and 38,730 issued and outstanding at december31, 2025 and december31, 2024, respectively class b common stock, 0.0001 par value 30,000 shares authorized as of december31, 2025 and december31, 2024 6,260 and 6,206 issued and outstanding at december31, 2025 and december31, 2024, respectively | 5 | 4 | 4 | 4 |
| Additional paid-in capital | 1,058,783 | 950,393 | 869,918 | 772,562 |
| Retained earnings (accumulated deficit) | 288,218 | -125,847 | -214,421 | -230,488 |
| Total stockholders equity | 1,347,006 | 824,550 | 655,501 | 542,078 |
| Total liabilities and stockholders' equity | 1,992,182 | 1,301,728 | 953,957 | 747,347 |
Duolingo, Inc. (DUOL)
Duolingo, Inc. (DUOL)