Duolingo Quarterly Balance Sheet
NASDAQ: DUOLTechnologyComputer Software: Prepackaged SoftwareUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Duolingo financial position
As of Jun 30, 2026, Duolingo reported total assets of $2.07 billion, up 34.4% from a year earlier against total liabilities of $664.2 million. Shareholders' equity stood at $1.41 billion, or 68.0% of assets. The company held $1.18 billion in cash and equivalents.
The current ratio (current assets divided by current liabilities) was 2.72, meaning short-term assets cover obligations due within a year.
Summary generated from market data by MetaCap's automated system. Methodology
Duolingo balance sheet (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.18B | 1.14B | 1.04B | 1.01B | 976.23M | 884.00M | 785.79M | 854.41M | 888.24M | 829.71M | 747.61M | 701.74M |
| Receivables | 130.98M | 125.09M | 162.83M | 124.49M | 112.92M | 114.18M | 128.92M | 94.22M | 77.72M | 76.42M | 88.97M | 61.71M |
| Total Current Assets | 1.57B | 1.51B | 1.44B | 1.37B | 1.32B | 1.22B | 1.10B | 1.06B | 1.04B | 977.28M | 897.80M | 819.11M |
| Property, Plant & Equipment | 42.62M | 36.97M | 36.30M | 24.63M | 19.68M | 19.16M | 18.94M | 19.50M | 18.34M | 13.21M | 11.79M | 12.01M |
| Goodwill | 35.34M | 35.34M | 35.34M | 35.34M | 10.54M | 10.54M | 10.54M | 10.54M | 4.05M | 4.05M | 4.05M | 4.05M |
| Intangible Assets | 27.60M | 28.33M | 28.31M | 27.97M | 19.92M | 18.87M | 19.90M | 21.90M | 20.59M | 18.59M | 15.99M | 13.77M |
| Long-Term Investments | 102.69M | 140.21M | 135.10M | 98.73M | 75.36M | 83.34M | 98.29M | 55.33M | — | — | 0 | — |
| Total Assets | 2.07B | 2.06B | 1.99B | 1.89B | 1.54B | 1.40B | 1.30B | 1.22B | 1.14B | 1.07B | 953.96M | 870.71M |
| Accounts Payable | 16.20M | 7.49M | 8.00M | 3.57M | 7.73M | 2.55M | 6.38M | 3.65M | 3.40M | 2.63M | 2.45M | 2.71M |
| Total Current Liabilities | 577.83M | 574.11M | 551.15M | 484.54M | 471.38M | 454.49M | 422.23M | 342.13M | 317.72M | 303.72M | 277.36M | 234.93M |
| Total Liabilities | 664.21M | 666.23M | 645.18M | 578.10M | 565.53M | 509.32M | 477.18M | 397.10M | 372.50M | 357.62M | 298.46M | 255.90M |
| Shareholders' Equity | 1.41B | 1.39B | 1.35B | 1.31B | 977.03M | 893.83M | 824.55M | 822.45M | 766.94M | 711.05M | 655.50M | 614.82M |
| Retained Earnings | 364.84M | 331.68M | 288.22M | 246.26M | -45.93M | -90.71M | -125.85M | -139.75M | -163.11M | -187.47M | -214.42M | -226.54M |
| Net Cash (Debt) | 1.18B | 1.14B | 1.04B | 1.01B | 976.23M | 884.00M | 785.79M | 854.41M | 888.24M | 829.71M | 747.61M | 701.74M |
This table shows 12 quarterly periods of Duolingo's balance sheet, from Q2 2026 back to Q3 2023, 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?