Duolingo, Inc.

DUOLSEC EDGAR

Services-Prepackaged Software(DE)CIK: 1562088

Concept	FY2025	FY2024	FY2023	FY2022	FY2021
Revenue from Contract with Customer, Excluding Assessed Tax	$531.1M	$369.5M	$250.8M	$161.7M	$161.7M
Cost of Revenue	$142.1M	$99.4M	$69.2M	$46.0M	$46.0M
Gross Profit	$389.0M	$270.1M	$181.6M	$115.7M	$115.7M
Research and Development Expense	$194.4M	$150.4M	$103.8M	$53.0M	$53.0M
Operating Expenses	$402.3M	$335.3M	$241.6M	$131.7M	$131.7M
Operating Income (Loss)	-$13.3M	-$65.2M	-$60.0M	-$16.0M	-$16.0M
Nonoperating Income (Expense)	-$55.0K	-$676.0K	$30.0K

Concept	FY2025	FY2024	FY2023	FY2022	FY2021
Assets	$1.3B	$954.0M	$747.3M	$661.3M	$175.7M
Assets, Current	$1.1B	$897.8M	$697.2M	$619.3M	$158.4M
Cash and Cash Equivalents, at Carrying Value	$785.8M	$747.6M	$608.2M	$553.9M	$120.5M
Accounts Receivable, after Allowance for Credit Loss, Current	$128.9M	$89.0M	$46.7M	$33.2M	$20.4M
Liabilities	$477.2M	$298.5M	$205.3M	$148.3M	$73.8M
Liabilities, Current	$422.2M	$277.4M	$181.8M	$119.1M	$65.7M
Accounts Payable, Current	$6.4M	$2.4M	$1.2M

Concept	FY2025	FY2024	FY2023	FY2022	FY2021
Net Cash Provided by (Used in) Operating Activities	$153.6M	$53.7M	$9.2M	$17.7M	$17.7M
Net Cash Provided by (Used in) Investing Activities	-$13.6M	-$14.2M	-$6.2M	-$4.0M	-$4.0M
Net Cash Provided by (Used in) Financing Activities	$2.1M	$14.8M	$430.5M	$47.0M	$47.0M
Payments to Acquire Property, Plant, and Equipment	$3.2M	$5.6M	$3.6M	$3.4M	$3.4M
Payments for Repurchase of Common Stock	—	—	$868.0K	$0.00	$0.00

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