Duolingo (DUOL) Change in Cash (2020 - 2026)
Duolingo (DUOL) posted Change in Cash of $42.3 million for Q2 2026, down 58.57% on a QoQ basis from $102.2 million in Q1 2026, and down 54.11% year-over-year from $92.2 million in Q2 2025.
Analysis
Duolingo (DUOL) Change in Cash (2020 - 2026) Analysis & Trends
Duolingo has reported Change in Cash for 7 years, with the latest figure at $42.3 million in Q2 2026.
- On a quarterly basis, Change in Cash fell 54.11% year-over-year to $42.3 million in Q2 2026; TTM through Jun 2026 was $204.7 million, a 132.59% increase from a year earlier, with the FY2025 full-year figure at $250.6 million, up 556.34% from the prior year.
- Change in Cash was $42.3 million for Q2 2026 at Duolingo, down from $102.2 million in the prior quarter.
- The five-year high for Change in Cash was $102.2 million in Q1 2026, with the low at -$68.6 million in Q4 2024.
- Average Change in Cash over 5 years is $35.0 million, with a median of $34.1 million recorded in 2023.
- The sharpest annual moves came in 2022 and 2024: Change in Cash surged 872.32% in 2022, then slumped 246.63% in 2024.
- Over 5 years, Change in Cash stood at $8.2 million in 2022, then soared by 491.84% to $48.6 million in 2023, then tumbled by 241.17% to -$68.6 million in 2024, then jumped by 136.21% to $24.8 million in 2025, then surged by 70.35% to $42.3 million in 2026.
- The last three Change in Cash figures came in at $42.3 million (Q2 2026), $102.2 million (Q1 2026), and $24.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Cash (Qtr) |
|---|---|---|---|---|---|
| 1 | Duolingo | 14.45 Bn | 13.13 Bn | 216.74 Mn | 42.33 Mn |
| 2 | Youdao | 3.62 Bn | 3.50 Bn | 105.66 Mn | - |
| 3 | Coursera | 1.59 Bn | 604.41 Mn | 173.40 Mn | 83.30 Mn |
| 4 | Docebo | 712.07 Mn | 666.36 Mn | 54.53 Mn | -17.47 Mn |
| 5 | 51Talk Online Education | 344.94 Mn | 309.51 Mn | 22.97 Mn | - |
| 6 | iHuman | 124.70 Mn | -34.09 Mn | 17.68 Mn | - |
| 7 | Nerdy | 119.95 Mn | 90.19 Mn | 27.98 Mn | -6.27 Mn |
| 8 | Chegg | 94.28 Mn | 21.96 Mn | 28.28 Mn | 11.09 Mn |
| 9 | Skillsoft | 60.79 Mn | -57.58 Mn | 78.61 Mn | 21.77 Mn |
| 10 | Sunlands Technology | 39.07 Mn | 38.85 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 42.33 Mn |
| Mar 31, 2026 | 102.17 Mn |
| Dec 31, 2025 | 24.85 Mn |
| Sep 30, 2025 | 35.31 Mn |
| Jun 30, 2025 | 92.24 Mn |
| Mar 31, 2025 | 98.21 Mn |
| Dec 31, 2024 | -68.62 Mn |
| Sep 30, 2024 | -33.83 Mn |
| Jun 30, 2024 | 58.53 Mn |
| Mar 31, 2024 | 82.10 Mn |
| Dec 31, 2023 | 48.61 Mn |
| Sep 30, 2023 | 23.07 Mn |
| Jun 30, 2023 | 37.57 Mn |
| Mar 31, 2023 | 32.91 Mn |
| Dec 31, 2022 | 8.21 Mn |
| Sep 30, 2022 | 8.81 Mn |
| Jun 30, 2022 | 13.83 Mn |
| Mar 31, 2022 | 23.41 Mn |
| Dec 31, 2021 | 4.48 Mn |
| Sep 30, 2021 | 434.80 Mn |