Duolingo Cash Flow Statement
NASDAQ: DUOLTechnologyComputer Software: Prepackaged SoftwareUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Duolingo free cash flow
In fiscal 2025, Duolingo generated $387.8 million of operating cash flow and spent $18.1 million on capital expenditures. That left free cash flow of $369.7 million, a free-cash-flow margin of 35.6% of revenue. Free cash flow was up 35.2% from the prior year's $273.4 million.
Summary generated from market data by MetaCap's automated system. Methodology
Duolingo cash flow statement (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 |
|---|---|---|---|---|---|---|
| Net Income | 414.06M | 88.57M | 16.07M | -59.57M | -60.13M | -15.78M |
| Net Income growth (YoY) | +367.48% | +451.28% | — | — | — | — |
| Depreciation & Amortization | 14.39M | 10.85M | 7.09M | 4.87M | 2.73M | 2.26M |
| Stock-Based Compensation | 137.44M | 110.48M | 95.22M | 73.82M | 40.80M | 17.03M |
| Change in Working Capital | 75.50M | 96.99M | 54.05M | 46.37M | 36.04M | 20.93M |
| Operating Cash Flow | 387.82M | 285.51M | 153.61M | 53.66M | 9.17M | 17.71M |
| Capital Expenditures | -18.10M | -12.12M | -3.19M | -5.56M | -3.59M | -3.38M |
| Investing Cash Flow | -107.68M | -217.33M | -13.58M | -14.17M | -6.21M | -4.01M |
| Share Repurchases | — | — | 0 | 0 | -868.00K | 0 |
| Financing Cash Flow | -29.55M | -30.00M | 2.13M | 14.78M | 430.47M | 46.95M |
| Net Change in Cash | 250.60M | 38.18M | 142.16M | 54.26M | 433.43M | 60.65M |
| Free Cash Flow | 369.73M | 273.40M | 150.42M | 48.09M | 5.58M | 14.33M |
This table shows 6 annual periods of Duolingo's cash flow statement, from FY 2025 back to FY 2020, across 11 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow DUOL's reporting calendar. What is a cash flow statement?