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Duolingo DUOL Landlord incentive included in Other assets

Landlord incentive included in Other assets at other companies

CACI International logo
CACI InternationalCACI
$2.72M+171%
Essential Properties Realty Trust logo
Essential Properties Realty TrustEPRT
$23.75M+27.5%
The Trade Desk logo
The Trade DeskTTD
$1.55M-69.9%
CareTrust logo
CareTrustCTRE
$49K0.0%
CareTrust logo
CareTrustCTRE
$725K
PTC Therapeutics logo
PTC TherapeuticsPTCT
$0-100%

Other financials

Income statement

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Revenue$292.0M+26.5%
Gross profit$213.1M+29.9%
Operating income$44.5M+88.7%
Net income$43.5M+23.7%
EPS (diluted)$0.89+23.6%

Balance sheet

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Cash & equivalents$171.2M+113%
Total debt$91.9M+68.5%
Total equity$1.4B+55.7%
Total assets$2.1B+46.7%

Cash flow

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Operating cash flow$150.8M+42.7%
CapEx$132.0K-89.9%
Free cash flow$150.6M+44.4%

Valuation

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Market cap$5.85B-67.1%
Enterprise value$5.77B-67.6%
P/E13.9×-170×
P/S5.3×-16.6×

Profitability

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Gross margin72.7%+0.4pp
Operating margin14.2%+5.6pp
Net margin38.4%+26.5pp
FCF margin37.9%+1.4pp

Returns & leverage

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Return on equity37%+24.9pp
Debt / equity0.1×0.0×
Current ratio2.6×-0.1×

Where this comes from

Reported directly by Duolingo in its filing.

Tagged under the XBRL concept duol:LandlordIncentivesIncurredButNotYetPaid.

The official record: Duolingo’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Duolingo's landlord incentive included in other assets?
Duolingo (DUOL) reported landlord incentive included in other assets of $6.81M in Q1 2026.
What does landlord incentive included in other assets mean?
This metric tracks financial incentives provided by landlords to tenants, such as tenant improvement allowances, which are recorded as assets and amortized over the lease term. It represents a reduction in the effective cost of leasing office or operational space. Analyzing this helps investors understand the company's ability to negotiate favorable lease terms and manage facility-related capital expenditures.