Duolingo
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Duolingo's balance sheet done over the years? Its assets were worth $953,957,000 last year, which is more than in the previous period. 31% of Duolingo’s total assets is currently financed by debt. Its liabilities reached the amount of $298,456,000, which means an increase by 45% compared compared to last year.
Debt to Assets
| 2019 | 95059000 | 179.03M | 188.34% |
|---|---|---|---|
| 2020 | 175739000 | 256.43M | 145.92% |
| 2021 | 661311000 | 148.25M | 22.42% |
| 2022 | 747347000 | 205.26M | 27.47% |
| 2023 | 953957000 | 298.45M | 31.29% |
DUOL Balance Sheet (2019 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
Assets | |||||
Current assets: | |||||
Cash and cash equivalents | 747.61M | 608.18M | 553.92M | 120.49M | 59.84M |
Short term investments | 0 | 0 | 0 | 0 | 0 |
Net receivables | 88.97M | 46.72M | 33.16M | 20.45M | 10.00M |
Inventory | 0 | 35.04M | 2 | 13.58M | 1 |
Other current assets | 61.21M | 7.23M | 32.18M | 3.85M | 2.14M |
Total current assets | 897.79M | 697.18M | 619.27M | 158.38M | 78.92M |
Non-current assets: | |||||
Property, Plant and Equipment | 30.89M | 35.47M | 36.58M | 14.50M | 13.82M |
Goodwill | 4.05M | 4.05M | 0 | 0 | 0 |
Intangible assets | 15.99M | 8.49M | 4.56M | 2.29M | 1.79M |
Long term investments | 3.50M | 0 | 0 | 0 | 0 |
Other non-current assets | 7.95M | 1.50M | 894K | 562K | 524K |
Total non-current assets | 66.43M | 50.16M | 42.04M | 17.35M | 16.13M |
Total assets | 953.95M | 747.34M | 661.31M | 175.73M | 95.05M |
Liabilities | |||||
| Current liabilities: | |||||
Accounts payable | |||||
Deferred revenue | 249.19M | 157.55M | 98.26M | 54.79M | 26.30M |
Short term debt | 627K | 4.90M | 3.33M | 1.11M | 974K |
Total current liabilities | 277.36M | 181.76M | 119.13M | 65.69M | 32.10M |
| Non-current liabilities: | |||||
Long term debt | 21.09M | 23.50M | 29.12M | 8.13M | 9.24M |
Deferred tax | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 0 | -9.61M | 0 | 182.60M | 137.68M |
Total non-current liabilities | 21.09M | 23.50M | 29.12M | 190.74M | 146.92M |
Total liabilities | 298.45M | 205.26M | 148.25M | 256.43M | 179.03M |
| Data source | Data source |