2023 Q4 Form 10-K Financial Statement

#000156208824000050 Filed on February 29, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023
Revenue $151.0M $531.1M
YoY Change 45.42% 43.74%
Cost Of Revenue $40.57M $142.1M
YoY Change 46.1% 42.92%
Gross Profit $110.4M $389.0M
YoY Change 45.18% 44.04%
Gross Profit Margin 73.13% 73.24%
Selling, General & Admin $54.55M $207.9M
YoY Change 10.25% 12.5%
% of Gross Profit 49.41% 53.45%
Research & Development $49.84M $194.4M
YoY Change 12.07% 29.19%
% of Gross Profit 45.14% 49.96%
Depreciation & Amortization $2.042M $7.095M
YoY Change 41.41% 45.69%
% of Gross Profit 1.85% 1.82%
Operating Expenses $105.6M $402.3M
YoY Change 12.11% 19.99%
Operating Profit $4.795M -$13.26M
YoY Change -126.42% -79.66%
Interest Expense $9.284M $31.09M
YoY Change 28.32% 329.73%
% of Operating Profit 193.62%
Other Income/Expense, Net $404.0K -$55.00K
YoY Change -117.59% -91.86%
Pretax Income $15.13M $17.78M
YoY Change -214.52% -130.32%
Income Tax $3.016M $1.710M
% Of Pretax Income 19.93% 9.62%
Net Earnings $12.12M $16.07M
YoY Change -186.98% -126.97%
Net Earnings / Revenue 8.03% 3.03%
Basic Earnings Per Share $0.39
Diluted Earnings Per Share $0.26 $0.35
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding 46.52M shares

Balance Sheet

Concept 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $747.6M $747.6M
YoY Change 22.93% 22.93%
Cash & Equivalents $747.6M $747.6M
Short-Term Investments
Other Short-Term Assets $61.21M $61.21M
YoY Change 44.8% 44.8%
Inventory
Prepaid Expenses
Receivables $88.98M $88.98M
Other Receivables $0.00 $0.00
Total Short-Term Assets $897.8M $897.8M
YoY Change 28.78% 28.78%
LONG-TERM ASSETS
Property, Plant & Equipment $11.79M $30.90M
YoY Change -9.08% -12.92%
Goodwill $4.050M
YoY Change 0.0%
Intangibles $16.00M
YoY Change 88.24%
Long-Term Investments
YoY Change
Other Assets $1.718M $5.219M
YoY Change 14.0% 143.88%
Total Long-Term Assets $56.16M $56.16M
YoY Change 11.95% 11.95%
TOTAL ASSETS
Total Short-Term Assets $897.8M $897.8M
Total Long-Term Assets $56.16M $56.16M
Total Assets $954.0M $954.0M
YoY Change 27.65% 27.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.447M $2.447M
YoY Change 107.9% 107.9%
Accrued Expenses $24.93M $20.61M
YoY Change 13.48% 37.46%
Deferred Revenue $249.2M
YoY Change 58.17%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $277.4M $277.4M
YoY Change 52.59% 52.59%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $21.09M $21.09M
YoY Change -10.25% -10.25%
Total Long-Term Liabilities $21.09M $21.09M
YoY Change -10.25% -10.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $277.4M $277.4M
Total Long-Term Liabilities $21.09M $21.09M
Total Liabilities $298.5M $298.5M
YoY Change 45.4% 45.4%
SHAREHOLDERS EQUITY
Retained Earnings -$214.4M
YoY Change -6.97%
Common Stock $4.000K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $655.5M $655.5M
YoY Change
Total Liabilities & Shareholders Equity $954.0M $954.0M
YoY Change 27.65% 27.65%

Cashflow Statement

Concept 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $12.12M $16.07M
YoY Change -186.98% -126.97%
Depreciation, Depletion And Amortization $2.042M $7.095M
YoY Change 41.41% 45.69%
Cash From Operating Activities $49.19M $153.6M
YoY Change 323.79% 186.29%
INVESTING ACTIVITIES
Capital Expenditures $4.148M $3.191M
YoY Change 363.46% -42.63%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $0.00 $100.0K
YoY Change -100.0% -102.47%
Cash From Investing Activities -$4.148M -$13.58M
YoY Change -16.12% -4.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.563M $2.135M
YoY Change 129.87% -85.55%
NET CHANGE
Cash From Operating Activities 49.19M $153.6M
Cash From Investing Activities -4.148M -$13.58M
Cash From Financing Activities 3.563M $2.135M
Net Change In Cash 48.61M $142.2M
YoY Change 491.84% 162.02%
FREE CASH FLOW
Cash From Operating Activities $49.19M $153.6M
Capital Expenditures $4.148M $3.191M
Free Cash Flow $45.05M $150.4M
YoY Change 320.47% 212.77%

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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6206000 usd
CY2023 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 usd
CY2022 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 usd
CY2021 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
426191000 usd
CY2023 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
0 usd
CY2022 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
0 usd
CY2021 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
0 usd
CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
13617000 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
14776000 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
12480000 usd
CY2023 duol Payments For Repurchase Of Stock Options
PaymentsForRepurchaseOfStockOptions
0 usd
CY2022 duol Payments For Repurchase Of Stock Options
PaymentsForRepurchaseOfStockOptions
0 usd
CY2021 duol Payments For Repurchase Of Stock Options
PaymentsForRepurchaseOfStockOptions
7335000 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
868000 usd
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
11482000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2135000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14776000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
430468000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
142165000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
54258000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
433432000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
608180000 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
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
750345000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
608180000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
553922000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
0 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
0 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
0 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2320000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
615000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
132000 usd
CY2023 duol Cloud Computing Expenditures Incurred But Not Yet Paid
CloudComputingExpendituresIncurredButNotYetPaid
0 usd
CY2022 duol Cloud Computing Expenditures Incurred But Not Yet Paid
CloudComputingExpendituresIncurredButNotYetPaid
0 usd
CY2021 duol Cloud Computing Expenditures Incurred But Not Yet Paid
CloudComputingExpendituresIncurredButNotYetPaid
64000 usd
CY2023 duol Capitalized Software And Purchases Of Intangible Assets Expenditures Incurred But Not Yet Paid
CapitalizedSoftwareAndPurchasesOfIntangibleAssetsExpendituresIncurredButNotYetPaid
0 usd
CY2022 duol Capitalized Software And Purchases Of Intangible Assets Expenditures Incurred But Not Yet Paid
CapitalizedSoftwareAndPurchasesOfIntangibleAssetsExpendituresIncurredButNotYetPaid
1121000 usd
CY2021 duol Capitalized Software And Purchases Of Intangible Assets Expenditures Incurred But Not Yet Paid
CapitalizedSoftwareAndPurchasesOfIntangibleAssetsExpendituresIncurredButNotYetPaid
342000 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
165000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
166000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
230000 usd
CY2023 duol Landlord Incentives Incurred But Not Yet Paid
LandlordIncentivesIncurredButNotYetPaid
0 usd
CY2022 duol Landlord Incentives Incurred But Not Yet Paid
LandlordIncentivesIncurredButNotYetPaid
2148000 usd
CY2021 duol Landlord Incentives Incurred But Not Yet Paid
LandlordIncentivesIncurredButNotYetPaid
0 usd
CY2023 duol Right Of Use Asset Increase From Modifications Operating Lease Liabilities
RightOfUseAssetIncreaseFromModificationsOperatingLeaseLiabilities
2024000 usd
CY2022 duol Right Of Use Asset Increase From Modifications Operating Lease Liabilities
RightOfUseAssetIncreaseFromModificationsOperatingLeaseLiabilities
0 usd
CY2021 duol Right Of Use Asset Increase From Modifications Operating Lease Liabilities
RightOfUseAssetIncreaseFromModificationsOperatingLeaseLiabilities
0 usd
CY2023 duol Stock Issuance Costs Incurred But Not Yet Paid
StockIssuanceCostsIncurredButNotYetPaid
0 usd
CY2022 duol Stock Issuance Costs Incurred But Not Yet Paid
StockIssuanceCostsIncurredButNotYetPaid
0 usd
CY2021 duol Stock Issuance Costs Incurred But Not Yet Paid
StockIssuanceCostsIncurredButNotYetPaid
0 usd
CY2021Q3 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
455532000 usd
CY2021Q3 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
19074000 shares
CY2021Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
182609000 usd
CY2023Q4 duol Number Of Languages
NumberOfLanguages
40 language
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:9pt"><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 </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%">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></div>
CY2023Q4 duol Number Of Sources Of Revenue
NumberOfSourcesOfRevenue
4 sourceofrevenue
CY2023Q4 duol Contract With Customer Threshold To Take Exam
ContractWithCustomerThresholdToTakeExam
P21D
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
747610000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
608180000 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
52969000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
48111000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
42964000 usd
CY2021Q1 duol Selling And Marketing Expense Volunteer Program Award Amount
SellingAndMarketingExpenseVolunteerProgramAwardAmount
4220000 usd
CY2021Q1 duol Selling And Marketing Expense Volunteer Program Fee Amount
SellingAndMarketingExpenseVolunteerProgramFeeAmount
526000 usd
CY2023 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>
CY2023 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 reporting_unit
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2022Q4 duol Lessor Operating Sublease Term Of Contract
LessorOperatingSubleaseTermOfContract
P68M
CY2022Q4 duol Lessor Operating Sublease Payments To Be Received
LessorOperatingSubleasePaymentsToBeReceived
358000 usd
CY2023Q4 duol Number Of Sources Of Revenue
NumberOfSourcesOfRevenue
4 sourceofrevenue
CY2023Q4 duol Contract With Customer Number Of Users Per Subscription
ContractWithCustomerNumberOfUsersPerSubscription
6 user
CY2023Q4 duol Contract With Customer Certification Period Prior To Test Completion
ContractWithCustomerCertificationPeriodPriorToTestCompletion
PT48H
CY2023Q4 duol Contract With Customer Threshold To Take Exam
ContractWithCustomerThresholdToTakeExam
P21D
CY2023Q4 duol Contract With Customer Threshold Period To Take Exam For Bulk Purchase
ContractWithCustomerThresholdPeriodToTakeExamForBulkPurchase
P1Y
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
531109000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
369495000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
250772000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
531109000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
369495000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
250772000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
157550000 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
98267000 usd
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-157550000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-98267000 usd
CY2023 duol Contract With Customer Liability Revenue Recognized Excluding Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedExcludingOpeningBalance
-287429000 usd
CY2022 duol Contract With Customer Liability Revenue Recognized Excluding Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedExcludingOpeningBalance
-199130000 usd
CY2023 duol Contract With Customer Liability Additions During The Period
ContractWithCustomerLiabilityAdditionsDuringThePeriod
536621000 usd
CY2022 duol Contract With Customer Liability Additions During The Period
ContractWithCustomerLiabilityAdditionsDuringThePeriod
356680000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
249192000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
157550000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
24060000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
21187000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
12268000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8218000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11792000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12969000 usd
CY2023 us-gaap Depreciation
Depreciation
4100000 usd
CY2022 us-gaap Depreciation
Depreciation
3118000 usd
CY2021 us-gaap Depreciation
Depreciation
2033000 usd
CY2023Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
26895000 usd
CY2022Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
16809000 usd
CY2023Q4 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
117000 usd
CY2022Q4 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
18000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
27012000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
16827000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
11017000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
8330000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
15995000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
8497000 usd
CY2022 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
5665000 usd
CY2023 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
2995000 usd
CY2022 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
1752000 usd
CY2021 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
693000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
4050000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
4050000 usd
CY2023Q4 duol Goodwill Tax Deductible Amount
GoodwillTaxDeductibleAmount
3713000 usd
CY2022Q4 duol Goodwill Tax Deductible Amount
GoodwillTaxDeductibleAmount
3983000 usd
CY2023Q4 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2022Q4 duol Lessor Operating Sublease Term Of Contract
LessorOperatingSubleaseTermOfContract
P68M
CY2023Q4 duol Lessor Operating Sublease Payments To Be Received
LessorOperatingSubleasePaymentsToBeReceived
295000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
7459000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
7076000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
1919000 usd
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
48000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
125000 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1266000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
252000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
63000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
28000 usd
CY2023 us-gaap Lease Cost
LeaseCost
7759000 usd
CY2022 us-gaap Lease Cost
LeaseCost
7264000 usd
CY2021 us-gaap Lease Cost
LeaseCost
3213000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
7512000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
5168000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
1819000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
909000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
22274000 usd
CY2023 duol Right Of Use Asset Increase Decrease From Modifications Net Operating Lease Liabilities
RightOfUseAssetIncreaseDecreaseFromModificationsNetOperatingLeaseLiabilities
-2024000 usd
CY2022 duol Right Of Use Asset Increase Decrease From Modifications Net Operating Lease Liabilities
RightOfUseAssetIncreaseDecreaseFromModificationsNetOperatingLeaseLiabilities
1586000 usd
CY2021 duol Right Of Use Asset Increase Decrease From Modifications Net Operating Lease Liabilities
RightOfUseAssetIncreaseDecreaseFromModificationsNetOperatingLeaseLiabilities
235000 usd
CY2023 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
0 usd
CY2022 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
0 usd
CY2021 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
31000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0738
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0692
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0577
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5607000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3386000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3399000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3463000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
3528000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
15735000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
35118000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
10080000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
25038000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3944000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4903000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
21094000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
23503000 usd
CY2023Q4 duol Lessee Lease Area Of Office Building
LesseeLeaseAreaOfOfficeBuilding
85666 sqft
CY2023Q4 duol Lessee Operating Lease Liability To Be Paid Per Month
LesseeOperatingLeaseLiabilityToBePaidPerMonth
442000 usd
CY2023Q4 duol Lessee Operating Lease Number Of Months Before Payment Is Due
LesseeOperatingLeaseNumberOfMonthsBeforePaymentIsDue
20 month
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
2735000 usd
CY2022Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
0 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
16501000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-60099000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-59737000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1276000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1463000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-221000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-58636000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-59958000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
895000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
302000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
607000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
327000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
80000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
341000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
524000 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
97000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1843000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1153000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
177000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
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Files In Submission

Name View Source Status
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