DUOL · XBRL financial data

Duolingo financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (DUOL's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Revenue from contracts with customers	151*	168	178	193	210*	231	252	272	283*	292	298	309
Cost of revenue	41*	45	47	52	59*	67	70	75	77*	79	82	84
Gross profit	110*	122	131	140	151*	164	183	197	206*	213	217	225
Research and development	50*	51	55	63	66*	70	74	83	80*	83	92	108
General and administrative	36*	35	37	38	46*	43	46	44	48*	46	51	51
Total operating expenses	106*	106	112	127	137*	141	149	162	162*	169	183	201
Operating income (loss)	5*	16	19	14	14*	24	33	35	43*	45	34	24
Income tax expense (benefit)	3*	(1)	4	2	8*	(0)	2	(246)	13*	12	12	8
Net income (loss)	12*	27	24	23	14*	35	45	292	42*	43	33	27
Earnings per share, basic USD per share	—	0.63	0.56	0.53	—	0.78	0.98	6.36	—	0.93	0.71	0.58
Earnings per share, diluted USD per share	0.24*	0.57	0.51	0.49	0.31*	0.72	0.91	5.95	0.90*	0.89	0.66	0.54
Weighted average shares, diluted millions of shares	52*	47	48	48	45*	48	49	49	47*	49	50	50

Fiscal quarters (DUOL's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Cash and cash equivalents	748	830	888	854	786	884	976	1,012	1,036	1,139	1,181	1,240
Accounts receivable	89	76	78	94	129	114	113	124	163	125	131	142
Prepaid and other current assets	7	11	12	16	15	17	19	17	17	20	21	30
Total current assets	898	977	1,042	1,058	1,102	1,220	1,324	1,367	1,437	1,506	1,571	1,652
Property and equipment, net	12	13	18	19	19	19	20	25	36	37	43	53
Right-of-use asset	19	50	50	49	47	46	81	79	80	80	75	73
Goodwill	4	4	4	11	11	11	11	35	35	35	35	40
Total assets	954	1,069	1,139	1,220	1,302	1,403	1,543	1,886	1,992	2,058	2,074	2,166
Accounts payable	2	3	3	4	6	3	8	4	8	7	16	14
Accrued liabilities	25	21	23	28	36	31	32	39	46	50	55	71
Total current liabilities	277	304	318	342	422	454	471	485	551	574	578	600
Lease liability, non-current	21	54	55	55	55	55	94	93	94	92	86	84
Total liabilities	298	358	372	397	477	509	566	578	645	666	664	685
Retained earnings (accumulated deficit)	(214)	(187)	(163)	(140)	(126)	(91)	(46)	246	288	332	365	392
Total stockholders' equity	656	711	767	822	825	894	977	1,308	1,347	1,392	1,410	1,482
Total liabilities and equity	954	1,069	1,139	1,220	1,302	1,403	1,543	1,886	1,992	2,058	2,074	2,166

Fiscal quarters (DUOL's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Net income (loss)	12*	27	24	23	14*	35	45	292	42*	43	33	27
Stock-based compensation	25*	25	27*	29*	30*	31	35*	36*	36*	35	38*	47*
Depreciation and amortization	2*	2	2*	3*	4*	4	3*	4*	4*	4	4*	4*
Net cash from operating activities	49*	84	62*	56*	83*	106	91*	84*	107*	151	88*	89*
Purchases of property and equipment	1*	1	6*	3*	2*	1	1*	5*	11*	0	7*	11*
Net cash from investing activities	(4)*	(5)	(9)*	(93)*	(110)*	(11)	(2)*	(52)*	(43)*	(17)	8*	(28)*
Share repurchases	year only	—	—	—	—	0	0*	0*	—	24	45*	7*
Net cash from financing activities	4*	4	5*	3*	(42)*	3	4*	3*	(39)*	(32)	(54)*	(3)*
Net change in cash	49*	82	59*	(34)*	(69)*	98	92*	35*	25*	102	42*	59*

SIC 7372 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 7372 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Duolingo	1,181	298	88*	not reported	Q2 FY26 10-QJun 30, 2026
Jack Henry & Associates	12	644*	303*	70.1M	Q4 FY26 10-KJun 30, 2026
Samsara	291	508	74*	not reported	Q2 FY27 10-QAug 1, 2026
Dynatrace	2,076	580	41*	286.9M	Q2 FY27 10-QSep 30, 2026
Paycom Software	198	531	214*	45.1M	Q2 FY26 10-QJun 30, 2026
Manhattan Associates	199	306	69*	58.1M	Q3 FY26 10-QSep 30, 2026
Docusign	528	876	335*	186.9M	Q2 FY27 10-QJul 31, 2026
Caci International	279	2,475	161	22.2M	Q1 FY27 10-QSep 30, 2026
Snap	959	1,599	176	1.7B	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.