For the quarter ending 2025-09-30, DUOL had $35,311K increase in cash & cash equivalents over the period. $79,377K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Net income | 292,195 | 44,781 | 35,135 | 13,907 |
| Deferred income taxes | -239,486 | - | - | - |
| Stock-based compensation expense | 35,565 | 34,592 | 31,018 | 29,787 |
| Depreciation and amortization | 3,553 | 3,440 | 3,590 | 3,661 |
| Accretion on marketable securities, net | 441 | 467 | 550 | 539 |
| Gain on sale of capitalized software | - | - | - | 0 |
| Loss on disposal of leasehold improvements | - | - | - | 0 |
| Impairment of capitalized software | - | - | - | 238 |
| Deferred revenue | 10,551 | 16,154 | 42,139 | 62,281 |
| Accounts receivable | 11,570 | -1,264 | -14,740 | 34,708 |
| Deferred cost of revenues | 776 | 4,230 | 9,402 | 12,833 |
| Prepaid expenses and other current assets | 7,198 | 2,764 | 1,772 | -1,272 |
| Accounts payable | -3,406 | 4,436 | -3,843 | 3,412 |
| Accrued expenses and other current liabilities | 5,160 | -4,146 | -6,204 | 15,499 |
| Noncurrent assets and liabilities | -92 | 2,385 | -780 | -1,367 |
| Net cash provided by operating activities | 84,239 | 90,675 | 105,631 | 83,344 |
| Purchases of investments | 50,799 | 21,715 | 26,606 | 111,630 |
| Maturities of investments | 39,607 | 23,794 | 18,676 | 3,705 |
| Capitalized software expense and purchases of intangible assets | 2,021 | 3,153 | 1,310 | 479 |
| Purchase of property and equipment | 4,862 | 1,198 | 1,309 | 1,961 |
| Proceeds from sale of capitalized software | - | - | - | 0 |
| Payment of earn-out related to a previous acquisition | 500 | - | - | - |
| Acquisitions of companies, net of 0 cash acquired | 33,100 | - | - | 0 |
| Net cash used for investing activities | -51,675 | -2,272 | -10,549 | -110,365 |
| Proceeds from exercise of stock options | 2,747 | 3,832 | 3,123 | 7,761 |
| Taxes paid related to net-share settlement of share-based compensation awards | - | - | - | 49,358 |
| Net cash provided by financing activities | 2,747 | 3,832 | 3,123 | -41,597 |
| Net increase in cash, cash equivalents and restricted cash | 35,311 | 92,235 | 98,205 | -68,618 |
| Cash and cash equivalents at beginning of period | 978,966 | 886,731 | 788,526 | 857,144 |
| Cash and cash equivalents at end of period | 1,014,277 | 978,966 | 886,731 | 788,526 |
Duolingo, Inc. (DUOL)
Duolingo, Inc. (DUOL)