Duolingo, Inc. develops a language-learning website and mobile app in the United States and China. The company offers courses in 40 different languages, including Spanish, English, French, Japanese, German, Italian, Chinese, Portuguese, and others. It also provides a digital language proficiency assessment exam. The company was incorporated in 2011 and is headquartered in Pittsburgh, Pennsylvania.

Duolingo, Inc.

Cash and Cash Equivalents

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Property and Equipment, Net

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Goodwill

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Other Assets

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Convertible Preferred Stock, $0.0001 Par Value

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Common Stock

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Total Liabilities and Stockholders' Equity

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Other Receivables

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Revenue

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Assets	LTM
Cash and Cash Equivalents	1,011.5
Cash and Cash Equivalents
Short-Term Investments	109.9
Short-Term Investments
Total Cash and Cash Equivalents	1,121.5
Accounts Receivable	124.5
Accounts Receivable
Other Receivables	6.9
Income Tax Receivable
Total Trade Receivables	131.4
Other Current Assets	120.8
Deferred Cost of Revenues
Income Tax Receivable
Prepaid Expenses and Other Current Assets
Restricted Cash
Total Current Assets	1,367.1
Total Current Assets
Net Property, Plant & Equipment	103.9
Property and Equipment, Net
Operating Lease Right-of-Use Assets
Net Intangible Assets	28
Intangible Assets, Net
Capitalized Software, Net
Goodwill	33.3
Goodwill
Long-Term Investments	100.1
Long-Term Investments
Other Long-Term Assets	252.6
Restricted Cash
Deferred Tax Assets, Net
Other Assets
Total Assets	1,885.6
Total Assets

Liabilities	LTM
Accounts Payable	3.6
Accounts Payable
Accrued Expenses	39.2
Accrued Expenses and Other Current Liabilities
Income Tax Payable
Unearned Revenue	441.7
Deferred Revenues
Other Current Liabilities	0
Income Tax Payable
Total Current Liabilities	484.5
Total Current Liabilities
Leases	93.3
Long-Term Obligation Under Operating Leases
Other Long-Term Liabilities	0.3
Deferred Tax Liabilities, Net
Total Long-Term Liabilities	93.6
Total Liabilities	578.1
Total Liabilities

Equity	LTM
Preferred Stock	—
Convertible Preferred Stock, $0.0001 Par Value
Common Stock	0
Class a Common Stock
Common Stock
Additional Paid-in Capital	1,061.3
Additional Paid-in Capital
Retained Earnings	246.3
Retained Earnings
Total Common Shareholders' Equity	1,307.5
Minority Interests and Other	—
Convertible Preferred Stock, $0.0001 Par Value
Total Shareholders' Equity	1,307.5
Total Stockholders' Equity
Convertible Preferred Stock, $0.0001 Par Value
Total Liabilities and Shareholders' Equity	1,885.6
Total Liabilities and Stockholders' Equity