Duolingo, Inc. (DUOL) quarterly balance sheet — complete assets, liabilities & equity history
Duolingo, Inc. (DUOL) balance sheet — 7-year assets, liabilities & shareholders' equity history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Total Current Assets | 1.65B | 1.57B | 1.51B | 1.44B | 1.37B | 1.32B | 1.22B | 1.1B | 1.06B | 1.04B | 977.28M | 897.8M | 819.11M | 784.94M | 741.23M | 697.18M | 668.33M | 655.15M | 640.63M | 619.27M |
| Cash & Short-Term Investments | 1.37B | 1.31B | 1.25B | 1.14B | 1.12B | 1.1B | 999.28M | 877.64M | 880.76M | 888.24M | 829.71M | 747.61M | 701.74M | 678.66M | 641.09M | 608.18M | 599.97M | 591.16M | 577.33M | 553.92M |
| Cash Only | 1.24B | 1.18B | 1.14B | 1.04B | 1.01B | 976.23M | 884M | 785.79M | 854.41M | 888.24M | 829.71M | 747.61M | 701.74M | 678.66M | 641.09M | 608.18M | 599.97M | 591.16M | 577.33M | 553.92M |
| Short-Term Investments | 134.29M | 132.98M | 113.05M | 104.08M | 109.91M | 121.65M | 115.28M | 91.85M | 26.35M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 142.67M | 133.69M | 130.18M | 176.89M | 134.38M | 206.71M | 203.75M | 209.09M | 161.54M | 141.01M | 136.82M | 88.97M | 61.71M | 55.77M | 52.51M | 46.73M | 30.2M | 28.21M | 28.57M | 33.16M |
| Days Sales Outstanding | 41.14 | 40.23 | 47.33 | 50.62 | 57.74 | 74.03 | 80.51 | 81.36 | 72.26 | 70.89 | 61.32 | 45.91 | 39.27 | 38.84 | 38.61 | 34.08 | 27.97 | 29.23 | 34.2 | 33.96 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 106.19M | 102.69M | 124.17M | 119.25M | 111.28M | 19.39M | 16.63M | 14.86M | 16.13M | 12.32M | 10.75M | 61.21M | 55.66M | 50.51M | 47.63M | 42.27M | 30.26M | 29.22M | 27.78M | 24.22M |
| Total Non-Current Assets | 513.82M | 502.84M | 552.03M | 555.58M | 518.53M | 218.57M | 183.49M | 200.14M | 161.11M | 97.88M | 91.39M | 56.16M | 51.61M | 49.86M | 49.15M | 50.16M | 45.37M | 45.9M | 43.88M | 42.04M |
| Property, Plant & Equipment | 126.38M | 42.62M | 116.91M | 116.68M | 103.89M | 100.67M | 65.53M | 66.44M | 68.12M | 68.1M | 62.99M | 30.89M | 31.91M | 33.55M | 34.62M | 35.48M | 36.34M | 37.87M | 37.35M | 36.58M |
| Fixed Asset Turnover | 3.66x | 3.74x | 2.50x | 2.56x | 2.66x | 3.04x | 3.50x | 3.11x | 2.83x | 2.72x | 3.57x | 4.81x | 4.21x | 3.72x | 3.30x | 2.89x | 2.59x | 2.35x | 2.20x | 2.76x |
| Goodwill | 40.34M | 35.34M | 35.34M | 35.34M | 35.34M | 10.54M | 10.54M | 10.54M | 10.54M | 4.05M | 4.05M | 4.05M | 4.05M | 4.05M | 4.05M | 4.05M | 0 | 0 | 0 | 0 |
| Intangible Assets | 26.22M | 27.6M | 28.33M | 28.31M | 27.97M | 19.92M | 18.87M | 19.9M | 21.9M | 20.59M | 18.59M | 15.99M | 13.77M | 10.4M | 8.47M | 8.5M | 7.02M | 6.41M | 5.49M | 4.57M |
| Long-Term Investments | 110.12M | 102.69M | 140.21M | 135.1M | 98.73M | 75.36M | 83.34M | 101.03M | 58.06M | 2.73M | 2.73M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 7.16M | 88.56M | 13.41M | 12.82M | 12.43M | 11.4M | 4.53M | 1.56M | 1.66M | 1.57M | 2.25M | 4.45M | 1.25M | 1.24M | 1.37M | 1.51M | 1.59M | 1.21M | 1.04M | 894K |
| Total Assets | 2.17B | 2.07B | 2.06B | 1.99B | 1.89B | 1.54B | 1.4B | 1.3B | 1.22B | 1.14B | 1.07B | 953.96M | 870.71M | 834.8M | 790.38M | 747.35M | 713.7M | 701.05M | 684.51M | 661.31M |
| Asset Turnover | 0.15x | 0.14x | 0.14x | 0.15x | 0.16x | 0.17x | 0.17x | 0.17x | 0.16x | 0.16x | 0.17x | 0.17x | 0.16x | 0.16x | 0.15x | 0.14x | 0.14x | 0.13x | 0.12x | 0.11x |
| Asset Growth % | 14.88% | 34.45% | 46.67% | 53.04% | 54.62% | 35.38% | 31.3% | 36.46% | 40.06% | 36.49% | 35.21% | 27.65% | 22% | 19.08% | 15.47% | 13.01% | 15.53% | 285.84% | 287% | 276.3% |
| Total Current Liabilities | 600.11M | 577.83M | 574.11M | 551.15M | 484.54M | 471.38M | 454.49M | 422.23M | 342.13M | 317.72M | 303.72M | 277.36M | 234.93M | 217.11M | 202.81M | 181.77M | 155.63M | 147.33M | 135.78M | 119.13M |
| Accounts Payable | 13.74M | 16.2M | 7.49M | 8M | 3.57M | 7.73M | 2.55M | 6.38M | 3.65M | 3.4M | 2.63M | 2.45M | 2.71M | 2.31M | 986K | 1.18M | 3.36M | 1.5M | 2.02M | 7.82M |
| Days Payables Outstanding | 16.42 | 13.19 | 8.68 | 6.78 | 6.82 | 6.57 | 5.91 | 7.63 | 6.05 | 5.64 | 4.97 | 5.85 | 6.37 | 4.43 | 3.09 | 7.52 | 8.51 | 6.71 | 20.6 | 38.1 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 4.07M | 2.96M | 0 | 2.58M | 2.62M | 2.46M | 2.75M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 513.57M | 505.1M | 513.26M | 496.2M | 441.73M | 431.18M | 415.02M | 372.88M | 310.6M | 291.48M | 279.31M | 249.19M | 208.89M | 192.75M | 181.94M | 157.55M | 134.94M | 128.19M | 119.1M | 98.27M |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 35.16M | 29.49M | 0 | 33.79M | 25.23M | 20.35M | 18.67M | 8.81M | 10.22M | 9.46M | 8.29M | 9.11M | 9.46M | 9.05M | 6.4M | 6.2M |
| Current Ratio | 2.75x | 2.72x | 2.62x | 2.61x | 2.82x | 2.81x | 2.68x | 2.61x | 3.09x | 3.28x | 3.22x | 3.24x | 3.49x | 3.62x | 3.65x | 3.84x | 4.29x | 4.45x | 4.72x | 5.20x |
| Quick Ratio | 2.75x | 2.72x | 2.62x | 2.61x | 2.82x | 2.81x | 2.68x | 2.61x | 3.09x | 3.28x | 3.22x | 3.24x | 3.49x | 3.62x | 3.65x | 3.84x | 4.29x | 4.45x | 4.72x | 5.20x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 84.46M | 86.38M | 92.12M | 94.03M | 93.56M | 94.14M | 54.84M | 54.95M | 54.96M | 54.77M | 53.89M | 21.09M | 20.96M | 21.29M | 22.38M | 23.5M | 24.24M | 25.5M | 28.02M | 29.12M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 84.22M | 86.14M | 91.87M | 93.78M | 93.26M | 93.84M | 54.53M | 54.66M | 54.65M | 54.77M | 53.89M | 21.09M | 20.96M | 21.29M | 22.38M | 23.5M | 24.24M | 25.5M | 28.02M | 29.12M |
| Deferred Tax Liabilities | 242K | 242K | 243K | 249K | 302K | 302K | 302K | 291K | 312K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 684.57M | 664.21M | 666.23M | 645.18M | 578.1M | 565.53M | 509.32M | 477.18M | 397.1M | 372.5M | 357.62M | 298.46M | 255.9M | 238.4M | 225.19M | 205.27M | 179.87M | 172.83M | 163.8M | 148.25M |
| Total Debt | 84.22M | 86.14M | 91.87M | 93.78M | 97.32M | 96.81M | 54.53M | 57.24M | 57.27M | 57.23M | 56.64M | 25.04M | 26.05M | 27.34M | 27.9M | 28.41M | 28.88M | 30.03M | 31.98M | 32.46M |
| Net Debt | -1.16B | -1.09B | -1.05B | -942.61M | -914.22M | -879.43M | -829.46M | -728.55M | -797.14M | -831.01M | -773.07M | -722.57M | -675.69M | -651.32M | -613.19M | -579.77M | -571.09M | -561.13M | -545.35M | -521.46M |
| Debt / Equity | 0.06x | 0.06x | 0.07x | 0.07x | 0.07x | 0.10x | 0.06x | 0.07x | 0.07x | 0.07x | 0.08x | 0.04x | 0.04x | 0.05x | 0.05x | 0.05x | 0.05x | 0.06x | 0.06x | 0.06x |
| Debt / EBITDA | 2.96x | 2.26x | 1.87x | 1.97x | 2.25x | 2.58x | 2.00x | 3.24x | 3.38x | 2.69x | 3.06x | 3.66x | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -40.57x | -28.66x | -21.33x | -19.77x | -21.17x | -23.46x | -30.40x | -41.21x | -47.03x | -39.05x | -41.76x | -105.69x | - | - | - | - | - | - | - | - |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -4.25x | - | - | - | - |
| Total Equity | 1.48B | 1.41B | 1.39B | 1.35B | 1.31B | 977.03M | 893.83M | 824.55M | 822.45M | 766.94M | 711.05M | 655.5M | 614.82M | 596.4M | 565.19M | 542.08M | 533.83M | 528.22M | 520.71M | 513.06M |
| Equity Growth % | 13.31% | 44.29% | 55.71% | 63.36% | 58.98% | 27.39% | 25.7% | 25.79% | 33.77% | 28.59% | 25.81% | 20.92% | 15.17% | 12.91% | 8.54% | 5.66% | 4.52% | 663.27% | 632.51% | 735.83% |
| Book Value per Share | 29.17 | 28.18 | 28.41 | 27.05 | 26.61 | 19.94 | 18.43 | 16.66 | 17.15 | 16.05 | 15.02 | 13.38 | 13.10 | 12.72 | 13.91 | 13.43 | 13.43 | 13.45 | 13.49 | 13.47 |
| Total Shareholders' Equity | 1.48B | 1.41B | 1.39B | 1.35B | 1.31B | 977.03M | 893.83M | 824.55M | 822.45M | 766.94M | 711.05M | 655.5M | 614.82M | 596.4M | 565.19M | 542.08M | 533.83M | 528.22M | 520.71M | 513.06M |
| Common Stock | 5K | 5K | 5K | 5K | 5K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K | 4K |
| Retained Earnings | 392M | 364.84M | 331.68M | 288.22M | 246.26M | -45.93M | -90.71M | -125.85M | -139.75M | -163.11M | -187.47M | -214.42M | -226.54M | -229.34M | -233.07M | -230.49M | -216.56M | -198.11M | -183.07M | -170.91M |
| Treasury Stock | -1.25M | -1.43M | -4.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |