Duolingo Inc (DUOL) - Net Assets
Based on the latest financial reports, Duolingo Inc (DUOL) has net assets worth $1.35 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.99 Billion) and total liabilities ($645.18 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Duolingo Inc liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.35 Billion |
| % of Total Assets | 67.61% |
| Annual Growth Rate | N/A |
| 5-Year Change | 162.55% |
| 10-Year Change | N/A |
| Growth Volatility | 21.22 |
Duolingo Inc - Net Assets Trend (2019–2025)
This chart illustrates how Duolingo Inc's net assets have evolved over time, based on quarterly financial data. Also explore DUOL asset base for the complete picture of this company's asset base.
Annual Net Assets for Duolingo Inc (2019–2025)
The table below shows the annual net assets of Duolingo Inc from 2019 to 2025. For live valuation and market cap data, see DUOL stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.35 Billion | +63.36% |
| 2024-12-31 | $824.55 Million | +25.79% |
| 2023-12-31 | $655.50 Million | +20.92% |
| 2022-12-31 | $542.08 Million | +5.66% |
| 2021-12-31 | $513.06 Million | +735.83% |
| 2020-12-31 | $-80.69 Million | +3.91% |
| 2019-12-31 | $-83.98 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Duolingo Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 38322100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $288.22 Million | 21.40% |
| Common Stock | $5.00K | 0.00% |
| Other Components | $1.06 Billion | 78.60% |
| Total Equity | $1.35 Billion | 100.00% |
Duolingo Inc Competitors by Market Cap
The table below lists competitors of Duolingo Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chenbro Micom Co Ltd
TW:8210
|
$4.46 Billion |
|
Grupo Aeroportuario del Centro Norte S.A.B. de C.V
MX:OMAB
|
$4.46 Billion |
|
Cia de Distribucion Integral
MC:LOG
|
$4.47 Billion |
|
Wingstop Inc
NASDAQ:WING
|
$4.47 Billion |
|
Pampa Energia SA ADR
NYSE:PAM
|
$4.46 Billion |
|
Brookfield Infrastructure Corp
NYSE:BIPC
|
$4.45 Billion |
|
CSW Industrials, Inc.
NYSE:CSW
|
$4.45 Billion |
|
Eastern Bankshares Inc
NASDAQ:EBC
|
$4.45 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Duolingo Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 824,550,000 to 1,347,006,000, a change of 522,456,000 (63.4%).
- Net income of 414,065,000 contributed positively to equity growth.
- Other factors increased equity by 108,391,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $414.06 Million | +30.74% |
| Other Changes | $108.39 Million | +8.05% |
| Total Change | $- | 63.36% |
Book Value vs Market Value Analysis
This analysis compares Duolingo Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.11x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $-2.34 | $111.25 | x |
| 2020-12-31 | $-2.25 | $111.25 | x |
| 2021-12-31 | $13.41 | $111.25 | x |
| 2022-12-31 | $13.73 | $111.25 | x |
| 2023-12-31 | $14.09 | $111.25 | x |
| 2024-12-31 | $17.51 | $111.25 | x |
| 2025-12-31 | $27.05 | $111.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Duolingo Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 30.74%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 39.91%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 1.48x
- Recent ROE (30.74%) is above the historical average (3.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | -19.15% | 0.74x | 0.00x | $-5.16 Million |
| 2020 | 0.00% | -9.76% | 0.92x | 0.00x | $-7.71 Million |
| 2021 | -11.72% | -117911.76% | 0.00x | 2.50x | $-111.44 Million |
| 2022 | -10.99% | -16.12% | 0.26x | 2.66x | $-113.78 Million |
| 2023 | 2.45% | 3.03% | 0.29x | 2.82x | $-49.48 Million |
| 2024 | 10.74% | 11.84% | 0.31x | 2.91x | $6.12 Million |
| 2025 | 30.74% | 39.91% | 0.52x | 1.48x | $279.36 Million |
Industry Comparison
This section compares Duolingo Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,053,721,914
- Average return on equity (ROE) among peers: -264.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Duolingo Inc (DUOL) | $1.35 Billion | 0.00% | 0.48x | $4.46 Billion |
| Adobe Systems Incorporated (ADBE) | $224.60 Million | 19.41% | 0.25x | $93.73 Billion |
| ADEIA CORP (ADEA) | $1.45 Billion | 10.11% | 0.86x | $3.00 Billion |
| Automatic Data Processing Inc (ADP) | $2.32 Billion | 19.64% | 0.66x | $76.36 Billion |
| Autodesk Inc (ADSK) | $1.31 Billion | 14.01% | 0.85x | $48.93 Billion |
| AudioEye Inc (AEYE) | $9.44 Million | -45.08% | 2.15x | $71.03 Million |
| Agilysys Inc (AGYS) | $130.78 Million | 13.07% | 0.44x | $1.91 Billion |
| Firefly Neuroscience, Inc. (AIFF) | $109.00K | -2388.07% | 23.23x | $24.73 Million |
| XIAO-I Corporation American Depositary Shares (AIXI) | $-8.47 Million | 0.00% | 0.00x | $10.77 Million |
| Alight Inc (ALIT) | $5.09 Billion | -1.22% | 1.21x | $408.76 Million |
| Alkami Technology Inc (ALKT) | $14.64 Million | -285.93% | 2.60x | $1.72 Billion |
About Duolingo Inc
Duolingo, Inc. operates as a mobile learning platform in the United States, the United Kingdom, and internationally. The company offers 250 language courses, including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese through its Duolingo app. It also provides a digital English language proficiency assessment exam. The company was incorporated in 2011 and is headquarter… Read more