DUOLNasdaqServices-Prepackaged SoftwareFiscal year ends December 31

Duolingo, Inc.

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026

$142.11+0.35 (+0.25%)

Close on Oct 19, 2026

Market cap: $7.11B
P/E (TTM): 16.9
Dividend yield: –

Duolingo, Inc. balance sheet

Annual Quarterly

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31
Cash & Equivalents	1,036	789	750	608	554	120	60
Cash & Short-Term Investments	1,036	789	750	608	554	120	60
Receivables	163	129	89	47	33	20	–
Prepaid Expenses & Other	17	15	7.28	7.23	7.97	3.86	–
Total Current Assets	1,437	1,102	898	697	619	158	–
Property, Plant & Equipment	36	19	12	13	8.21	6.43	–
Gross Property, Plant & Equipment	58	35	24	21	13	9.50	–
Accumulated Depreciation	-22	-16	-12	-8.22	-5.10	-3.07	–
Long-Term Investments	135	98	0	–	–	–	–
Operating Lease Right-of-Use Assets	80	47	19	23	28	8.07	–
Goodwill	35	11	4.05	4.05	0	–	–
Intangible Assets	28	20	16	8.50	4.57	–	–
Deferred Tax Assets	227	0.68	0.77	0.63	0	–	–
Other Long-Term Assets	10	1.56	1.72	1.51	0.89	0.56	–
Total Assets	1,992	1,302	954	747	661	176	–
Accounts Payable	8.00	6.38	2.45	1.18	7.82	2.20	–
Accrued Expenses	46	36	25	22	13	8.63	–
Current Portion of Leases	7.20	2.58	3.94	4.90	3.34	1.11	–
Current Income Taxes Payable	1.26	6.59	0.79	1.07	0.11	0.07	–
Deferred Revenue (Current)	496	373	249	158	98	55	26
Total Current Liabilities	551	422	277	182	119	66	–
Long-Term Leases	94	55	21	24	29	8.13	–
Operating Lease Liabilities	101	57	25	28	32	9.24	–
Deferred Tax Liabilities	0.25	0.29	0	–	–	–	–
Other Long-Term Liabilities	0	–	–	–	–	–	–
Total Liabilities	645	477	298	205	148	74	–
Common Stock	0.01	0.00	0.00	0.00	0.00	0.00	–
Additional Paid-In Capital	1,059	950	870	773	684	30	–
Retained Earnings	288	-126	-214	-230	-171	-111	–
Treasury Stock	0	–	–	–	–	–	–
Shareholders' Equity	1,347	825	656	542	513	-81	-84
Total Equity	1,347	825	656	542	513	-81	-84
Total Liabilities & Equity	1,992	1,302	954	747	661	176	–
Shares Outstanding(shares)	–	–	–	–	17	13	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: 72.7%
Operating margin: 13.7%
Net margin: 35.9%
Return on equity, FY2025: 38.1%

Financial strength

Current ratio: 2.72
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 204.4%

Valuation

P/E ratio: 16.9
Price to sales: 6.21
Price to book: 5.04
Dividend yield: –