Duolingo, Inc. (DUOL) financial statements (2022 and earlier)

Company profile

Business Address 5900 PENN AVE, SECOND FLOOR
PITTSBURGH, PA 15206
State of Incorp. DE
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments553,922
Cash and cash equivalents553,922
Receivables33,163
Capitalized contract cost24,219
Other undisclosed current assets7,967
Total current assets:619,271
Noncurrent Assets
Operating lease, right-of-use asset28,369
Property, plant and equipment8,211
Other noncurrent assets894
Other undisclosed noncurrent assets4,566
Total noncurrent assets:42,040
TOTAL ASSETS:661,311
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities20,864
Accounts payable7,818
Accrued liabilities12,933
Taxes payable113
Deferred revenue98,267
Total current liabilities:119,131
Noncurrent Liabilities
Long-term debt and lease obligation29,124
Operating lease, liability29,124
Other undisclosed noncurrent liabilities(29,124)
Total noncurrent liabilities:29,124
Total liabilities:148,255
Stockholders' equity
Stockholders' equity attributable to parent513,056
Common stock4
Additional paid in capital683,966
Accumulated deficit(170,914)
Total stockholders' equity:513,056
TOTAL LIABILITIES AND EQUITY:661,311

Income statement (P&L) ($ in thousands)

12/31/2021
Revenues250,772
Cost of revenue(69,186)
Gross profit:181,586
Operating expenses(241,593)
Operating loss:(60,007)
Nonoperating income49
Loss from continuing operations before income taxes:(59,958)
Income tax expense(177)
Net loss available to common stockholders, diluted:(60,135)

Comprehensive Income ($ in thousands)

12/31/2021
Net loss:(60,135)
Comprehensive loss, net of tax, attributable to parent:(60,135)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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