Duolingo (DUOL) Cash & Equivalents (2020 - 2026)
Duolingo (DUOL) posted Cash & Equivalents of $1.2 billion for Q2 2026, up 3.72% on a QoQ basis from $1.1 billion in Q1 2026, and up 20.96% year-over-year from $976.2 million in Q2 2025.
Analysis
Duolingo (DUOL) Cash & Equivalents (2020 - 2026) Analysis & Trends
Duolingo has reported Cash & Equivalents for 7 years, with the latest figure at $1.2 billion in Q2 2026.
- On a quarterly basis, Cash & Equivalents rose 20.96% year-over-year to $1.2 billion in Q2 2026; TTM through Jun 2026 was $1.2 billion, a 20.96% increase from a year earlier, with the FY2025 full-year figure at $1.0 billion, up 31.89% from the prior year.
- Cash & Equivalents was $1.2 billion for Q2 2026 at Duolingo, up from $1.1 billion in the prior quarter.
- The five-year high for Cash & Equivalents was $1.2 billion in Q2 2026, with the low at $577.3 million in Q1 2022.
- Average Cash & Equivalents over 5 years is $818.4 million, with a median of $807.8 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2024: Cash & Equivalents jumped 415.68% in 2022, then increased 5.11% in 2024.
- Over 5 years, Cash & Equivalents stood at $608.2 million in 2022, then increased by 22.93% to $747.6 million in 2023, then rose by 5.11% to $785.8 million in 2024, then jumped by 31.89% to $1.0 billion in 2025, then grew by 13.94% to $1.2 billion in 2026.
- The last three Cash & Equivalents figures came in at $1.2 billion (Q2 2026), $1.1 billion (Q1 2026), and $1.0 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash & Equiv. (Qtr) |
|---|---|---|---|---|---|
| 1 | Duolingo | 14.45 Bn | 13.13 Bn | 216.74 Mn | 1.18 Bn |
| 2 | Youdao | 3.62 Bn | 3.50 Bn | 105.66 Mn | 83.80 Mn |
| 3 | Coursera | 1.59 Bn | 604.41 Mn | 173.40 Mn | 871.70 Mn |
| 4 | Docebo | 712.07 Mn | 666.36 Mn | 54.53 Mn | 45.72 Mn |
| 5 | 51Talk Online Education | 344.94 Mn | 309.51 Mn | 22.97 Mn | 35.43 Mn |
| 6 | iHuman | 124.70 Mn | -34.09 Mn | 17.68 Mn | 51.68 Mn |
| 7 | Nerdy | 119.95 Mn | 90.19 Mn | 27.98 Mn | 38.42 Mn |
| 8 | Chegg | 94.28 Mn | 21.96 Mn | 28.28 Mn | 44.62 Mn |
| 9 | Skillsoft | 60.79 Mn | -57.58 Mn | 78.61 Mn | 115.56 Mn |
| 10 | Sunlands Technology | 39.07 Mn | 38.85 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.18 Bn |
| Mar 31, 2026 | 1.14 Bn |
| Dec 31, 2025 | 1.04 Bn |
| Sep 30, 2025 | 1.01 Bn |
| Jun 30, 2025 | 976.23 Mn |
| Mar 31, 2025 | 884.00 Mn |
| Dec 31, 2024 | 785.79 Mn |
| Sep 30, 2024 | 854.41 Mn |
| Jun 30, 2024 | 888.24 Mn |
| Mar 31, 2024 | 829.71 Mn |
| Dec 31, 2023 | 747.61 Mn |
| Sep 30, 2023 | 701.74 Mn |
| Jun 30, 2023 | 678.67 Mn |
| Mar 31, 2023 | 641.09 Mn |
| Dec 31, 2022 | 608.18 Mn |
| Sep 30, 2022 | 599.97 Mn |
| Jun 30, 2022 | 591.16 Mn |
| Mar 31, 2022 | 577.33 Mn |
| Dec 31, 2021 | 553.92 Mn |
| Sep 30, 2021 | 549.44 Mn |