What are Duolingo's total assets?

Duolingo (DUOL) holds $2.1B in total assets, up 46.7% year over year.

How much debt does Duolingo have?

Duolingo carries $91.9M in total debt against $1.4B of shareholders' equity, a debt-to-equity ratio of 0.07.

How much cash does Duolingo have?

Duolingo holds $171.2M in cash and equivalents.

Can Duolingo cover its short-term obligations?

Its current ratio is 2.62 — current assets exceed current liabilities.

Where does Duolingo's balance sheet data come from?

Every line is extracted from Duolingo's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Duolingo DUOL Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Cash and cash equivalents	$171.2M+113%	$155.84M+112%	$111.33M+75.9%	$90.51M-89.8%	$80.35M-90.3%
Short-term investments	$113.05M—	$104.08M—	$109.91M—	$121.65M—	——
Restricted cash	$2.74M0.0%	$2.74M0.0%	$2.74M0.0%	$2.74M—	$2.74M—
Accounts receivable, net	$525.32M+26.6%	$514.42M+36.3%	$480.51M+42.4%	$450.24M+47.7%	$415.04M+48.0%
Prepaid expenses and other current assets	$72.34M+20.8%	$69.31M+28.3%	$67.56M+45.4%	$66.99M+68.0%	$59.91M+69.5%
Income taxes receivable	——	——	——	——	——
Total current assets	$1.51B+23.5%	$1.44B+30.4%	$1.37B+29.2%	$1.32B+27.1%	$1.22B+24.8%
Property and equipment, net	$36.97M+92.9%	$36.3M+91.6%	$24.63M+26.3%	$19.69M+7.3%	$19.16M+45.1%
Accumulated depreciation	$22.89M+29.6%	$21.57M+31.5%	$20.26M+28.1%	$19M+31.3%	$17.66M+32.5%
Operating lease right-of-use assets	$79.94M+72.4%	$80.38M+69.2%	$0.07-2.8%	$35.59M+49,848,739,396%	$46.37M+64,490,959,566%
Goodwill	$35.34M+235%	$35.34M+235%	$35.34M+235%	$10.54M+160%	$10.54M+160%
Intangible assets, net	$28.33M+51.0%	$28.31M+42.3%	$27.72M+27.2%	$19.67M-3.9%	$18.76M+1.5%
Other non-current assets	$10.68M+494%	$10.08M+545%	$9.7M+485%	$8.66M+452%	$1.8M-20.1%
Equity method investments	$140.21M—	$135.1M—	$98.74M—	$75.36M—	——
Total assets	$2.06B+46.7%	$1.99B+53.0%	$1.89B+54.6%	$1.54B+35.4%	$1.4B+31.3%
Accounts payable	$7.49M+194%	$8M+25.3%	$3.57M-2.2%	$7.73M+127%	$2.55M-3.0%
Accrued expenses	$49.56M+62.3%	$45.69M+25.6%	$39.23M+40.9%	$32.45M+42.3%	$30.54M+42.5%
Deferred revenue	$513.26M+23.7%	$496.21M+33.1%	$441.73M+42.2%	$431.18M+47.9%	$415.02M+48.6%
Income taxes payable	$3.81M-40.2%	$1.26M-80.9%	$16K-55.6%	$24K-36.8%	$6.38M+1,663%
Total current liabilities	$574.11M+26.3%	$551.15M+30.5%	$484.54M+41.6%	$471.38M+48.4%	$454.49M+49.6%
Operating lease liabilities, non-current	$91.87M+68.5%	$93.78M+71.6%	$93.26M+70.6%	$93.84M+71.3%	$54.53M+1.2%
Other non-current liabilities	——	——	——	——	——
Total liabilities	$666.23M+30.8%	$645.18M+35.2%	$578.1M+45.6%	$565.53M+51.8%	$509.32M+42.4%
Common stock	$5K+25.0%	$5K+25.0%	$5K+25.0%	$4K0.0%	$4K0.0%
Additional paid-in capital	$1.06B+8.1%	$1.06B+11.4%	$1.06B+10.3%	$1.02B+10.0%	$984.53M+9.6%
Retained earnings	$331.68M+466%	$288.22M+329%	$246.26M+276%	-$45.93M+71.8%	-$90.71M+51.6%
Treasury stock	——	——	——	——	——
Total stockholders' equity	$1.39B+55.7%	$1.35B+63.4%	$1.31B+59.0%	$977.03M+27.4%	$893.83M+25.7%
Total liabilities and stockholders' equity	$2.06B+46.7%	$1.99B+53.0%	$1.89B+54.6%	$1.54B+35.4%	$1.4B+31.3%
Allowance for Doubtful Accounts	——	——	——	——	——
Allowance for Doubtful Accounts Receivable (Current)	——	——	——	——	——
Capitalized Contract Costs, Current	$104.51M+16.7%	$102.66M+28.1%	$94.57M+40.5%	$93.79M+48.2%	$89.56M+48.3%
Deferred costs	$104.51M+16.7%	$102.66M+28.1%	$94.57M+40.5%	$93.79M+48.2%	$89.56M+48.3%
Capitalized Computer Software, Net	——	——	——	——	——
Deferred Tax Assets and Other Non-Current Assets	$10.68M+494%	$10.08M+545%	$9.7M+485%	$8.66M+452%	$1.8M-20.1%
Finite Lived Intangible Assets - Gross	——	——	——	——	——
Indefinite-Lived Intangible Assets	$252K—	$252K—	$252K—	——	——
Intangible Assets Gross (Excluding Goodwill)	$57.26M—	$54.41M—	$51.59M—	——	——
Net Investment in Lease	$79.94M+72.4%	$80.38M+69.2%	$79.27M+63.0%	$35.59M-28.5%	$46.37M-6.9%
Deferred tax assets	$217.84M+32,172%	$227.34M+33,580%	$240.17M+28,663%	$675K-19.2%	$675K-11.9%
Other intangible assets—net	$28.33M+50.1%	$28.31M+42.3%	$27.97M+27.7%	$19.92M-3.2%	$18.87M+1.5%
Investments	$140.21M—	$135.1M—	$98.74M—	$75.36M—	——
Operating lease right-of-use assets	$79.94M+72.4%	$80.38M+69.2%	$79.27M+63.0%	$35.59M-28.5%	$46.37M-6.9%
Other non-current assets	$10.68M+494%	$10.08M+545%	$9.7M+485%	$8.66M+452%	$1.8M-20.1%
Other Finite-Lived Intangible Assets, Gross	——	——	——	——	——
Property, plant and equipment at cost	$59.85M+62.5%	$57.87M+63.7%	$44.88M+27.1%	$38.69M+17.9%	$36.82M+38.7%
Operating Lease Right-of-Use Assets in Other Assets	$79.94M+72.4%	$80.38M+69.2%	$79.27M+63.0%	$35.59M-28.5%	$46.37M-6.9%
Software and Technology Licenses, Net	$47.7M+2,555%	$44.85M+25.7%	$42.03M+2,436%	$8.66M-74.2%	$1.8M-94.1%
Other Commercial Liabilities	$49.56M+62.3%	$45.69M+25.6%	$39.23M+40.9%	$32.45M+42.3%	$30.54M+42.5%
Commercial Paper Outstanding	——	——	——	——	——
Accrued Income Taxes, Current	$3.81M-40.2%	$1.26M-80.9%	$16K-55.6%	$24K-36.8%	$6.38M+1,663%
Accrued Liabilities, Current	$49.56M+62.3%	$45.69M+25.6%	$39.23M+40.9%	$32.45M+42.3%	$30.54M+42.5%
Total debt	$91.87M+68.5%	$100.98M+76.4%	$97.32M+69.9%	$38.96M-31.9%	$54.53M-3.7%
Common Stock Shares Outstanding	$52.55M-85.5%	$135.94M-70.8%	$300.43M-48.2%	$424.21M-8.3%	$362.45M-33.3%
Cumulative Gross Losses and Impairments	$497K—	$19K—	$27K—	$136K—	——
Cumulative Gross Unrealized Gains	$100K—	$435K—	$344K—	$161K—	——
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$5K+25.0%	$5K+25.0%	$5K+25.0%	$4K0.0%	$4K0.0%
Number of Exercisable Options	——	——	——	——	——
Share-Based Payment Award Options Outstanding - Number	669K-46.4%	859K-43.6%	985K-54.9%	1.1M-54.9%	1.2M-53.1%
Share Repurchase Authorization Limit	——	——	——	——	——
Share Repurchase Program - Amount Remaining	——	——	——	——	——
Weighted Average Exercise Price of Outstanding Options	$20.71+1.7%	$18.38-1.9%	$19.02+14.4%	$19.88+21.1%	$20.37+22.5%
Cumulative Cost Basis	$59.85M+62.5%	$57.87M+63.7%	$44.88M+27.1%	$38.69M+17.9%	$36.82M+38.7%
Accounts Receivable, Allowance for Credit Loss	——	——	——	——	——
Accrued Interest, held-to-maturity	$2.06M—	$2.1M—	$1.96M—	——	——
Debt Securities, Held-To-Maturity, Amortized Cost, After Allowance For Credit Loss And Cash Equivalents, Carrying Value	$1.22B—	$1.12B—	$1.11B—	$1.08B—	——
Deferred income taxes	$243K—	$249K—	$302K—	$302K—	——
Finite-Lived Intangible Assets, Accumulated Amortization	$28.94M+50.4%	$26.1M+54.4%	$23.62M+61.1%	$21.34M+62.6%	$19.24M+60.0%
Debt Securities, Held-to-Maturity, Accumulated Unrecognized Loss	$497K—	$19K—	$27K—	$136K—	——
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain	$100K—	$435K—	$344K—	$161K—	——
Income taxes receivable	——	——	——	——	——
Indefinite- lived intangible impairment	$57.26M—	$54.41M—	$51.59M—	——	——
Initial base rent per month	——	——	——	——	——
Letters of Credit Outstanding, Amount	——	——	——	——	——
Number of languages, more than	——	——	——	——	——
Percentage of letter of credit (in percent)	——	——	——	——	——
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number	——	——	——	——	——
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	$669K-46.4%	$859K-43.6%	$985K-54.9%	$1.09M-54.9%	$1.25M-53.1%
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$20.71+1.7%	$18.38-1.9%	$19.02+14.4%	$19.88+21.1%	$20.37+22.5%
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value	$52.55M-85.5%	$135.94M-70.8%	$300.43M-48.2%	$424.21M-8.3%	$362.45M-33.3%
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price	——	——	——	——	——
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Intrinsic Value	——	——	——	——	——
Share Repurchase Program, Authorized, Amount	——	——	——	——	——
Share Repurchase Program, Remaining Authorized, Amount	——	——	——	——	——
Treasury stock, shares (in shares)	——	——	——	——	——

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Questions, answered.

What are Duolingo's total assets?: Duolingo (DUOL) holds $2.1B in total assets, up 46.7% year over year.
How much debt does Duolingo have?: Duolingo carries $91.9M in total debt against $1.4B of shareholders' equity, a debt-to-equity ratio of 0.07.
How much cash does Duolingo have?: Duolingo holds $171.2M in cash and equivalents.
Can Duolingo cover its short-term obligations?: Its current ratio is 2.62 — current assets exceed current liabilities.
Where does Duolingo's balance sheet data come from?: Every line is extracted from Duolingo's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.