Duolingo reported cash from operations of $88.26M and free cash flow of $83.12M for the quarter ended Jun 2026, down 2.7% year over year. This cash flow statement covers 25 quarters of results from Jun 2020 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Cash Flow Statement | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||
| Net Income | -28.97M | -17.52M | -12.15M | -15.04M | -18.45M | -13.93M | -2.58M | 3.73M | 2.81M | 12.12M | 26.96M | 24.35M | 23.36M | 13.91M | 35.13M | 44.78M | 292.19M | 41.95M | 43.46M | 33.16M | |||||
| Share-based CompensationStock Comp. | 20.66M | 14.68M | 14.59M | 18.11M | 20.49M | 20.63M | 21.07M | 25.00M | 31.36M | 1.68M | 29.79M | 31.02M | 36.02M | 36.26M | 34.65M | 38.21M | |||||||||
| Deferred Taxes | -239.49M | 14.30M | 9.50M | 11.80M | |||||||||||||||||||||
| Asset Writedowns and ImpairmentWritedown | 0.58M | ||||||||||||||||||||||||
| Cash from OperationsCash from Ops. | 4.51M | 0.43M | 20.63M | 12.66M | 8.76M | 11.61M | 29.60M | 37.17M | 37.65M | 49.19M | 83.51M | 62.39M | 56.27M | 83.34M | 105.63M | 90.67M | 84.24M | 107.28M | 150.77M | 88.26M | |||||
| Depreciation, Depletion & Amortization | |||||||||||||||||||||||||
| Amortizatization of IntangiblesAmort. of Intangibles | 0.01M | 0.54M | 0.55M | 0.47M | 0.44M | 0.39M | 0.32M | 0.32M | |||||||||||||||||
| Depreciation & Amortization (CF)Dep. & Amort. | 0.73M | 0.76M | 0.77M | 1.17M | 1.48M | 1.44M | 1.76M | 1.63M | 1.66M | 2.04M | 2.07M | 2.24M | 2.88M | 3.66M | 3.59M | 3.44M | 3.55M | 3.81M | 4.19M | 4.25M | |||||
| Change in Working Capital | |||||||||||||||||||||||||
| Change in ReceivablesChange Receivables | -4.39M | 12.43M | -4.59M | -0.36M | 1.99M | 16.53M | 5.78M | 0.90M | 8.30M | 27.26M | -12.55M | 1.30M | 16.46M | 34.71M | -14.74M | -1.26M | 11.57M | 38.34M | -37.74M | 5.89M | |||||
| Change in Account PayablesChange Payables | 4.44M | -0.89M | -5.80M | -0.51M | 2.45M | -2.79M | -0.34M | 1.40M | 0.34M | -0.14M | -0.40M | 1.13M | -0.21M | 3.41M | -3.84M | 4.44M | -3.41M | 4.43M | -2.40M | 8.59M | |||||
| Change in Accured ExpensesChange Accured Exp. | 0.70M | 3.30M | 1.26M | 2.24M | 0.76M | 4.45M | -3.20M | 2.17M | 1.22M | 3.26M | -4.51M | 0.32M | 5.55M | 15.50M | -6.20M | -4.15M | 5.16M | 5.45M | 5.96M | 1.20M | |||||
| Other Working Capital ChangesOther WC Changes | 9.46M | 17.81M | 20.83M | 9.09M | 6.75M | 22.61M | 24.39M | 10.81M | 16.14M | 40.30M | 30.12M | 12.16M | 19.13M | 62.28M | 42.14M | 16.15M | 10.55M | 54.48M | 17.05M | -8.15M | |||||
| Investing Activities | |||||||||||||||||||||||||
| Capital ExpendituresCapex | 1.08M | 0.52M | 1.33M | 1.86M | 2.08M | 0.29M | 0.68M | 0.83M | 0.76M | 0.92M | 1.41M | 5.56M | 3.18M | 1.96M | 1.31M | 3.15M | 2.91M | 10.73M | 1.89M | 5.13M | |||||
| Sales of Property, Plant and EquipmentPP&E (Sale) | 0.10M | ||||||||||||||||||||||||
| Change in Acquisitions & DivestmentsChange Acquisitions | 3.71M | 18.68M | 23.79M | 39.61M | 33.67M | 42.39M | 37.19M | ||||||||||||||||||
| Cash from Investing ActivitiesCash from Investing | -1.46M | -1.11M | -2.44M | -3.27M | -3.52M | -4.95M | -1.31M | -3.37M | -4.75M | -4.15M | -5.02M | -8.66M | -93.29M | -110.36M | -10.55M | -2.27M | -51.67M | -43.18M | -16.75M | 8.28M | |||||
| Financing Activities | |||||||||||||||||||||||||
| Other financing activitiesOther financing | 422.88M | 5.23M | 4.44M | 3.56M | 1.55M | 4.62M | 3.78M | 1.66M | 3.56M | 3.61M | 4.79M | 3.19M | 7.76M | 3.12M | 3.83M | 2.75M | 2.87M | 1.92M | 0.42M | ||||||
| Cash from Financing ActivitiesCash from Financing | 431.76M | 5.16M | 5.23M | 4.44M | 3.56M | 1.55M | 4.62M | 3.78M | -9.82M | 3.56M | 3.61M | 4.79M | 3.19M | -41.60M | 3.12M | 3.83M | 2.75M | -39.25M | -31.85M | -54.21M | |||||
| Change in Capital Stock | |||||||||||||||||||||||||
| Net Equity Issued and RepurchasedNet Equity Issued | |||||||||||||||||||||||||
| Additional items | |||||||||||||||||||||||||
| Change in Cash | 434.80M | 4.48M | 23.41M | 13.83M | 8.81M | 8.21M | 32.91M | 37.57M | 23.07M | 48.61M | 82.10M | 58.53M | -33.83M | -68.62M | 98.20M | 92.23M | 35.31M | 24.85M | 102.17M | 42.33M | |||||
| Free Cash FlowFCF | 3.43M | -0.09M | 19.30M | 10.80M | 6.68M | 11.32M | 28.92M | 36.34M | 36.89M | 48.27M | 82.10M | 56.83M | 53.09M | 81.38M | 104.32M | 87.52M | 81.33M | 96.55M | 148.88M | 83.12M | |||||
| Net Cash FlowNCF | 434.80M | 4.48M | 23.41M | 13.83M | 8.81M | 8.21M | 32.91M | 37.57M | 23.07M | 48.61M | 82.10M | 58.53M | -33.83M | -68.62M | 98.20M | 92.23M | 35.31M | 24.85M | 102.17M | 42.33M |