Duolingo, Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & Equivalents | $1.04B | $785.8M | $747.6M | $608.2M | $553.9M | $120.5M | $59.8M |
| Accounts Receivable | $162.8M | $128.9M | $89.0M | $46.7M | $33.2M | $20.5M | — |
| Inventory | — | — | — | — | — | — | — |
| Total Current Assets | $1.44B | $1.10B | $897.8M | $697.2M | $619.3M | $158.4M | — |
| Property, Plant & Equipment | $36.3M | $18.9M | $11.8M | $13.0M | $8.2M | $6.4M | — |
| Goodwill | $35.3M | $10.5M | $4.1M | $4.1M | $0 | — | — |
| Intangible Assets (Excl. Goodwill) | $28.3M | $19.9M | $16.0M | $8.5M | $4.6M | — | — |
| Total Assets | $1.99B | $1.30B | $954.0M | $747.3M | $661.3M | $175.7M | — |
| Liabilities | |||||||
| Accounts Payable | $8.0M | $6.4M | $2.4M | $1.2M | $7.8M | $2.2M | — |
| Total Current Liabilities | $551.1M | $422.2M | $277.4M | $181.8M | $119.1M | $65.7M | — |
| Long-Term Debt | — | — | — | — | — | — | — |
| Total Liabilities | $645.2M | $477.2M | $298.5M | $205.3M | $148.3M | $73.8M | — |
| Stockholders' Equity | |||||||
| Retained Earnings | $288.2M | $-125.8M | $-214.4M | $-230.5M | $-170.9M | $-110.8M | — |
| Total Stockholders' Equity | $1.35B | $824.6M | $655.5M | $542.1M | $513.1M | $-80.7M | $-84.0M |