Duolingo, Inc. (DUOL) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments608,180553,922
Cash and cash equivalents608,180553,922
Receivables46,72833,163
Capitalized contract cost35,04124,219
Other undisclosed current assets7,2347,967
Total current assets:697,183619,271
Noncurrent Assets
Operating lease, right-of-use asset22,50828,369
Property, plant and equipment12,9698,211
Intangible assets, net (including goodwill)12,547 
Goodwill4,050 
Intangible assets, net (excluding goodwill)8,497 
Deferred income tax assets633 
Other noncurrent assets1,507894
Other undisclosed noncurrent assets  4,566
Total noncurrent assets:50,16442,040
TOTAL ASSETS:747,347661,311
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities23,14720,864
Taxes payable113
Accounts payable1,1777,818
Accrued liabilities21,97012,933
Deferred revenue157,55098,267
Other undisclosed current liabilities1,069 
Total current liabilities:181,766119,131
Noncurrent Liabilities
Long-term debt and lease obligation:  29,124
Liabilities, other than long-term debt23,503 
Operating lease, liability23,50329,124
Other undisclosed noncurrent liabilities  (29,124)
Total noncurrent liabilities:23,50329,124
Total liabilities:205,269148,255
Equity
Equity, attributable to parent542,078513,056
Common stock44
Additional paid in capital772,562683,966
Accumulated deficit(230,488)(170,914)
Total equity:542,078513,056
TOTAL LIABILITIES AND EQUITY:747,347661,311

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

9/30/2023
TTM
12/31/2022
12/31/2021
Revenues369,495250,772
Cost of revenue(99,431)(69,186)
Gross profit:270,064181,586
Operating expenses(335,259)(241,593)
Operating loss:(65,195)(60,007)
Nonoperating income (expense)(676)49
Loss from continuing operations before equity method investments, income taxes:(65,871)(59,958)
Other undisclosed income from continuing operations before income taxes7,235 
Loss from continuing operations before income taxes:(58,636)(59,958)
Income tax expense (benefit)(938)(177)
Loss from continuing operations:(59,574)(60,135)
Loss before gain (loss) on sale of properties:(60,135)
Net loss available to common stockholders, diluted:(59,574)(60,135)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
Net loss:(59,574)(60,135)
Comprehensive loss, net of tax, attributable to parent:(59,574)(60,135)

Statements Sources

The financial statements are based on the Company's filings with 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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: