DUOL · XBRL financial data

Duolingo financial statements, every fiscal year

The same tables from 6 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 years (DUOL's year ends in late December)

In millions of dollars	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	251	369	531	748	1,038
Cost of revenue	69	99	142	204	288
Gross profit	182	270	389	544	749
Research and development	104	150	194	235	306
General and administrative	79	118	132	156	182
Total operating expenses	242	335	402	482	614
Operating income (loss)	(60)	(65)	(13)	63	136
Income tax expense (benefit)	0	1	2	14	(232)
Net income (loss)	(60)	(60)	16	89	414
Earnings per share, basic USD per share	(2.57)	(1.51)	0.39	2.04	9.05
Earnings per share, diluted USD per share	(2.57)	(1.51)	0.35	1.88	8.57
Weighted average shares, basic millions of shares	23	39	—	—	—
Weighted average shares, diluted millions of shares	23	39	47	47	48

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

In millions of dollars	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	554	608	748	786	1,036
Accounts receivable	33	47	89	129	163
Prepaid and other current assets	8	7	7	15	17
Total current assets	619	697	898	1,102	1,437
Property and equipment, net	8	13	12	19	36
Right-of-use asset	28	23	19	47	80
Goodwill	0	4	4	11	35
Total assets	661	747	954	1,302	1,992
Accounts payable	8	1	2	6	8
Accrued liabilities	13	22	25	36	46
Total current liabilities	119	182	277	422	551
Lease liability, non-current	29	24	21	55	94
Total liabilities	148	205	298	477	645
Retained earnings (accumulated deficit)	(171)	(230)	(214)	(126)	288
Total stockholders' equity	513	542	656	825	1,347
Total liabilities and equity	661	747	954	1,302	1,992
Common shares outstanding (cover page) millions of shares	17	—	—	—	—

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

In millions of dollars	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(60)	(60)	16	89	414
Stock-based compensation	41	74	95	110	137
Depreciation and amortization	3	5	7	11	14
Net cash from operating activities	9	54	154	286	388
Purchases of property and equipment	4	6	3	12	18
Net cash from investing activities	(6)	(14)	(14)	(217)	(108)
Share repurchases	1	0	0	—	—
Net cash from financing activities	430	15	2	(30)	(30)
Net change in cash	433	54	142	38	251

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	1,240	309	89*	not reported	Q3 FY26 10-QSep 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.