Duolingo Balance Sheet
NASDAQ: DUOLTechnologyComputer Software: Prepackaged SoftwareUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Duolingo financial position
At the end of fiscal 2025, Duolingo reported total assets of $1.99 billion, up 53.0% from a year earlier against total liabilities of $645.2 million. Shareholders' equity stood at $1.35 billion, or 67.6% of assets. The company held $1.04 billion in cash and equivalents.
The current ratio (current assets divided by current liabilities) was 2.61, meaning short-term assets cover obligations due within a year.
Summary generated from market data by MetaCap's automated system. Methodology
Duolingo balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.04B | 785.79M | 747.61M | 608.18M | 553.92M | 120.49M |
| Receivables | 162.83M | 128.92M | 88.97M | 46.73M | 33.16M | 20.45M |
| Total Current Assets | 1.44B | 1.10B | 897.80M | 697.18M | 619.27M | 158.38M |
| Property, Plant & Equipment | 36.30M | 18.94M | 11.79M | 12.97M | 8.21M | 6.43M |
| Goodwill | 35.34M | 10.54M | 4.05M | 4.05M | 0 | — |
| Intangible Assets | 28.31M | 19.90M | 15.99M | 8.50M | 4.57M | — |
| Long-Term Investments | 135.10M | 98.29M | 0 | — | — | — |
| Total Assets | 1.99B | 1.30B | 953.96M | 747.35M | 661.31M | 175.74M |
| Accounts Payable | 8.00M | 6.38M | 2.45M | 1.18M | 7.82M | 2.20M |
| Total Current Liabilities | 551.15M | 422.23M | 277.36M | 181.77M | 119.13M | 65.69M |
| Total Liabilities | 645.18M | 477.18M | 298.46M | 205.27M | 148.25M | 73.82M |
| Shareholders' Equity | 1.35B | 824.55M | 655.50M | 542.08M | 513.06M | -80.69M |
| Retained Earnings | 288.22M | -125.85M | -214.42M | -230.49M | -170.91M | -110.78M |
| Net Cash (Debt) | 1.04B | 785.79M | 747.61M | 608.18M | 553.92M | 120.49M |
| Shares Outstanding | — | — | — | — | 16.64M | 12.79M |
This table shows 6 annual periods of Duolingo's balance sheet, from FY 2025 back to FY 2020, across 15 line items including cash & equivalents, receivables, total current assets. Values in USD; B = billions, M = millions. Fiscal periods follow DUOL's reporting calendar. What is a balance sheet?