2021 Q4 Form 10-K Financial Statement

#000156208822000039 Filed on March 04, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $73.01M $250.8M $48.30M
YoY Change 51.17% 55.09% 108.19%
Cost Of Revenue $19.95M $69.19M $12.90M
YoY Change 54.67% 50.45% 92.54%
Gross Profit $53.06M $181.6M $35.40M
YoY Change 49.89% 56.93% 114.55%
Gross Profit Margin 72.67% 72.41% 73.29%
Selling, General & Admin $39.59M $137.8M $30.50M
YoY Change 29.81% 75.05% 160.68%
% of Gross Profit 74.62% 75.86% 86.16%
Research & Development $30.02M $103.8M $15.40M
YoY Change 94.93% 95.82% 65.59%
% of Gross Profit 56.57% 57.18% 43.5%
Depreciation & Amortization $757.0K $2.726M $1.300M
YoY Change -41.77% 20.83%
% of Gross Profit 1.43% 1.5% 3.67%
Operating Expenses $69.82M $241.6M $45.90M
YoY Change 52.12% 83.41% 118.57%
Operating Profit -$16.76M -$60.01M -$10.50M
YoY Change 59.61% 274.79% 133.33%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $6.000K $49.00K $200.0K
YoY Change -97.0% -83.83% 100.0%
Pretax Income -$17.41M -$59.96M -$10.40M
YoY Change 67.39% 281.7% 136.36%
Income Tax $108.0K $177.0K $0.00
% Of Pretax Income
Net Earnings -$17.52M -$60.14M -$10.40M
YoY Change 68.43% 281.18% 136.36%
Net Earnings / Revenue -23.99% -23.98% -21.53%
Basic Earnings Per Share -$2.57
Diluted Earnings Per Share -$461.8K -$2.57 -$0.29
COMMON SHARES
Basic Shares Outstanding 23.43M shares
Diluted Shares Outstanding 23.43M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $553.9M $553.9M
YoY Change 359.72%
Cash & Equivalents $553.9M $553.9M $120.5M
Short-Term Investments
Other Short-Term Assets $32.19M $32.19M
YoY Change 84.55%
Inventory
Prepaid Expenses
Receivables $33.16M $33.16M $20.45M
Other Receivables $0.00 $0.00
Total Short-Term Assets $619.3M $619.3M $158.4M
YoY Change 291.0% 291.0%
LONG-TERM ASSETS
Property, Plant & Equipment $8.211M $36.58M $6.428M
YoY Change 27.74% 152.26%
Goodwill $0.00
YoY Change
Intangibles $4.566M
YoY Change
Long-Term Investments
YoY Change
Other Assets $894.0K $894.0K $562.0K
YoY Change 59.07% 59.07%
Total Long-Term Assets $42.04M $42.04M $17.36M
YoY Change 142.18% 142.18%
TOTAL ASSETS
Total Short-Term Assets $619.3M $619.3M $158.4M
Total Long-Term Assets $42.04M $42.04M $17.36M
Total Assets $661.3M $661.3M $175.7M
YoY Change 276.3% 276.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.818M $7.818M $2.196M
YoY Change 256.01% 256.01%
Accrued Expenses $12.93M $8.808M $8.634M
YoY Change 49.79% 51.5%
Deferred Revenue $98.27M $54.79M
YoY Change 79.35% 108.28%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $119.1M $119.1M $65.69M
YoY Change 81.35% 81.35%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $29.12M $29.12M
YoY Change 258.18%
Total Long-Term Liabilities $29.12M $29.12M
YoY Change 258.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $119.1M $119.1M $65.69M
Total Long-Term Liabilities $29.12M $29.12M
Total Liabilities $148.3M $148.3M $73.82M
YoY Change 100.83% 100.83%
SHAREHOLDERS EQUITY
Retained Earnings -$170.9M -$110.8M
YoY Change 54.28%
Common Stock $4.000K $1.000K
YoY Change 300.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $513.1M $513.1M -$80.69M
YoY Change
Total Liabilities & Shareholders Equity $661.3M $661.3M $175.7M
YoY Change 276.3% 276.3%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$17.52M -$60.14M -$10.40M
YoY Change 68.43% 281.18% 136.36%
Depreciation, Depletion And Amortization $757.0K $2.726M $1.300M
YoY Change -41.77% 20.83%
Cash From Operating Activities $432.0K $9.170M $4.500M
YoY Change -90.4% -48.22%
INVESTING ACTIVITIES
Capital Expenditures -$1.108M $3.586M $1.700M
YoY Change -165.18% 6.22%
Acquisitions $0.00
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.108M -$6.206M -$1.700M
YoY Change -34.82% 54.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $868.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.158M $430.5M 36.60M
YoY Change -85.91% 816.81%
NET CHANGE
Cash From Operating Activities 432.0K $9.170M 4.500M
Cash From Investing Activities -1.108M -$6.206M -1.700M
Cash From Financing Activities 5.158M $430.5M 36.60M
Net Change In Cash 4.482M $433.4M 39.40M
YoY Change -88.62% 614.68%
FREE CASH FLOW
Cash From Operating Activities $432.0K $9.170M $4.500M
Capital Expenditures -$1.108M $3.586M $1.700M
Free Cash Flow $1.540M $5.584M $2.800M
YoY Change -45.0% -61.04%

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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
60647000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
120490000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
59843000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
553922000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
120490000 USD
CY2021 us-gaap Interest Paid Net
InterestPaidNet
0 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
0 USD
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
132000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2021 duol Cloud Computing Expenditures Incurred But Not Yet Paid
CloudComputingExpendituresIncurredButNotYetPaid
64000 USD
CY2020 duol Cloud Computing Expenditures Incurred But Not Yet Paid
CloudComputingExpendituresIncurredButNotYetPaid
0 USD
CY2021 duol Capitalized Software Expenditures Incurred But Not Yet Paid
CapitalizedSoftwareExpendituresIncurredButNotYetPaid
342000 USD
CY2020 duol Capitalized Software Expenditures Incurred But Not Yet Paid
CapitalizedSoftwareExpendituresIncurredButNotYetPaid
500000 USD
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
230000 USD
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 USD
CY2021Q3 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
455532000 USD
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:130%">Use of Estimates—</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:130%">The preparation of Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying notes. Significant estimates and assumptions reflected in the Consolidated Financial Statements include, but are not limited to, useful lives of property and equipment, valuation of deferred tax assets and liabilities, stock-based compensation, common stock valuation, operating lease right-of-use assets and liabilities, capitalization of internally developed software and associated useful lives and contingent liabilities. Actual results may differ materially from such estimates. Management believes that the estimates, and judgments upon which they rely, are reasonable based upon information available to them at the time that these estimates and judgments are made. To the extent that there are material differences between these estimates and actual results, the Company’s Consolidated Financial Statements will be affected.</span>
CY2021Q3 duol Deferred Offering Costs Reclassified To Stockholders Equity
DeferredOfferingCostsReclassifiedToStockholdersEquity
4865000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
553922000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
120490000 USD
CY2021 us-gaap Advertising Expense
AdvertisingExpense
42964000 USD
CY2020 us-gaap Advertising Expense
AdvertisingExpense
27352000 USD
CY2021Q4 duol Selling And Marketing Expense Volunteer Program Award Amount
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4220000 USD
CY2021Q1 duol Selling And Marketing Expense Volunteer Program Fee Amount
SellingAndMarketingExpenseVolunteerProgramFeeAmount
526000 USD
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:130%">Concentration of Credit Risk</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:130%">—The Company’s concentration of credit risk relates to financial institutions holding the Company’s cash and cash equivalents and platforms with significant accounts receivable balances and revenue transactions.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:130%">The Company maintains cash deposits with financial institutions that may exceed federally insured limits at times. Management believes that the financial institutions that hold the Company’s deposits are financially credit worthy and, accordingly, minimal credit risk exists with respect to those balances.</span></div>
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
250772000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
161696000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
250772000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
161696000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
250772000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
161696000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
54792000 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
26307000 USD
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
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-54792000 USD
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-26307000 USD
CY2021 duol Contract With Customer Liability Revenue Recognized Excluding Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedExcludingOpeningBalance
-139371000 USD
CY2020 duol Contract With Customer Liability Revenue Recognized Excluding Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedExcludingOpeningBalance
-91193000 USD
CY2021 duol Contract With Customer Liability Additions During The Period
ContractWithCustomerLiabilityAdditionsDuringThePeriod
237638000 USD
CY2020 duol Contract With Customer Liability Additions During The Period
ContractWithCustomerLiabilityAdditionsDuringThePeriod
145985000 USD
CY2021Q4 us-gaap Contract With Customer Liability Current
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98267000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
54792000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
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13311000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9495000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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5100000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3067000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8211000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6428000 USD
CY2021 us-gaap Depreciation
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2033000 USD
CY2020 us-gaap Depreciation
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1624000 USD
CY2021Q4 us-gaap Capitalized Computer Software Gross
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11144000 USD
CY2020Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
8181000 USD
CY2021Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
6578000 USD
CY2020Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
5885000 USD
CY2021Q4 us-gaap Capitalized Computer Software Net
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4566000 USD
CY2021 us-gaap Short Term Lease Cost
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1266000 USD
CY2020Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
2296000 USD
CY2021 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
693000 USD
CY2020 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
632000 USD
CY2021 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
693000 USD
CY2020 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
632000 USD
CY2021Q4 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2021Q4 duol Lessee Operating Lease Option To Terminate Notice
LesseeOperatingLeaseOptionToTerminateNotice
P12M
CY2021Q4 duol Lessee Operating Lease Number Of Extension Options
LesseeOperatingLeaseNumberOfExtensionOptions
2 tranche
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
1919000 USD
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
1721000 USD
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
317000 USD
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
28000 USD
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
0 USD
CY2021 us-gaap Lease Cost
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3213000 USD
CY2020 us-gaap Lease Cost
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2038000 USD
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
1819000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
0 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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22274000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2021 duol Right Of Use Asset Disposed Operating Lease Liabilities
RightOfUseAssetDisposedOperatingLeaseLiabilities
235000 USD
CY2020 duol Right Of Use Asset Disposed Operating Lease Liabilities
RightOfUseAssetDisposedOperatingLeaseLiabilities
0 USD
CY2021 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
31000 USD
CY2020 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
0 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y11M
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0577
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0670
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5153000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
6624000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4572000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3106000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
3173000 USD
CY2021Q4 duol Lessee Operating Lease Liability To Be Paid Due After Year Five
LesseeOperatingLeaseLiabilityToBePaidDueAfterYearFive
21763000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
44391000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
11931000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
32460000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1111000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
177000 USD
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
97000 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
80000 USD
CY2020 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
68000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
26000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
42000 USD
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
61605000 USD
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
20912000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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1881000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1063000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
14480000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
4936000 USD
CY2021Q4 duol Deferred Tax Assets Leasing Arrangements
DeferredTaxAssetsLeasingArrangements
7335000 USD
CY2020Q4 duol Deferred Tax Assets Leasing Arrangements
DeferredTaxAssetsLeasingArrangements
2184000 USD
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
56000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
3468000 USD
CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
65000 USD
CY2021Q4 duol Deferred Tax Assets State Taxes And Vat Taxes
DeferredTaxAssetsStateTaxesAndVATTaxes
277000 USD
CY2020Q4 duol Deferred Tax Assets State Taxes And Vat Taxes
DeferredTaxAssetsStateTaxesAndVATTaxes
544000 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
76293000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
26236000 USD
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
9341000 USD
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
3468000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
6389000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
1908000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1894000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1014000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Software
DeferredTaxLiabilitiesDeferredExpenseCapitalizedSoftware
1057000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Software
DeferredTaxLiabilitiesDeferredExpenseCapitalizedSoftware
543000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
1000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
3000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
9341000 USD
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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50057000 USD
CY2021Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
26236000 USD
CY2020Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
23851000 USD
CY2021 duol Deferred Tax Asset Valuation Allowance Additions
DeferredTaxAssetValuationAllowanceAdditions
50057000 USD
CY2020 duol Deferred Tax Asset Valuation Allowance Additions
DeferredTaxAssetValuationAllowanceAdditions
2928000 USD
CY2021 duol Deferred Tax Asset Valuation Allowance Released
DeferredTaxAssetValuationAllowanceReleased
0 USD
CY2020 duol Deferred Tax Asset Valuation Allowance Released
DeferredTaxAssetValuationAllowanceReleased
543000 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
76293000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
26236000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.065
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.018
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.135
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.538
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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-0.184
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.005
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.018
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.159
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.102
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.835
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.132
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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-0.003
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.004
CY2020Q4 us-gaap Unrecognized Tax Benefits
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0 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits
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0 USD
CY2021Q3 us-gaap Preferred Stock Convertible Conversion Ratio
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1
CY2021Q3 us-gaap Temporary Equity Shares Authorized
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19074000 shares
CY2020Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
19074000 shares
CY2021Q3 us-gaap Temporary Equity Shares Outstanding
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19074000 shares
CY2020Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
19074000 shares
CY2020Q4 us-gaap Temporary Equity Liquidation Preference
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183300000 USD
CY2021Q3 us-gaap Temporary Equity Liquidation Preference
TemporaryEquityLiquidationPreference
183300000 USD
CY2020Q4 duol Temporary Equity Funds Received
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183300000 USD
CY2021Q3 duol Temporary Equity Funds Received
TemporaryEquityFundsReceived
183300000 USD
CY2020Q4 duol Temporary Equity Fees Incurred
TemporaryEquityFeesIncurred
691000 USD
CY2021Q3 duol Temporary Equity Fees Incurred
TemporaryEquityFeesIncurred
691000 USD
CY2021Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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182609000 USD
CY2020Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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182609000 USD
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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8365000 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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10.68
CY2021Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y5M19D
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
230596000 USD
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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72000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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52.80
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
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1882000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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6.63
CY2021 duol Share Based Compensation Arrangement By Share Based Payment Award Options Repurchases In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsRepurchasesInPeriod
220000 shares
CY2021 duol Share Based Compensation Arrangements By Share Based Payment Award Options Repurchases In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsRepurchasesInPeriodWeightedAverageExercisePrice
4.81
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
80000 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
14.75
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6255000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.53
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y11M1D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
585339000 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
4420000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
10.61
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y4M28D
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
422076000 USD
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
194513000 USD
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
6058000 USD
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
24.61
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
9.77
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0104
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0114
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0032
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0068
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y10M24D
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3D
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.4890
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.4912
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.4550
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.4938
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
13428000 USD
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
65906000 USD
CY2021Q4 duol Share Based Payment Arrangement Equity Instruments Other Than Options Trading Price Period
ShareBasedPaymentArrangementEquityInstrumentsOtherThanOptionsTradingPricePeriod
60 day
CY2021Q1 us-gaap Share Price
SharePrice
38.08
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
40804000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17031000 USD
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
40804000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17031000 USD
CY2021Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
2319000 USD
CY2020Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
2301000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3336000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1111000 USD
CY2021Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
2075000 USD
CY2020Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
889000 USD
CY2021Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
1078000 USD
CY2020Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
1513000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4125000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2820000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
12933000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
8634000 USD
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3438000 USD
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1796000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-60135000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-15776000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23433000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23433000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12735000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12735000 shares
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.57
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.24
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.57
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.24
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4604000 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
23265000 shares

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