Duolingo, Inc. — Cash Flow Charts
8 quarters of history · ending 2025-12-31 · SEC EDGAR
Source:10-K · 10-Q
Capital Allocation
How management deploys cash: investing in the business (Capex + M&A) vs returning to shareholders (Buybacks + Dividends).
Capital Allocation Waterfall
Buybacks vs Stock-Based Comp
Cash Flow
Cash Flow by Activity
Operating Cash Flow↑+28.7% +$24M
$107M
Free Cash Flow↑+18.6% +$15M
$97M
Investing Cash Flow↓-110.1% -$6M
$-11M
Financing Cash Flow↓-13.9% -$443K
$3M
Capex↑+447.0% +$9M
$11M
Acquisitions
$0
Stock Buybacks
—
Stock-Based Comp↑+21.7% +$6M
$36M
D&A↑+4.0% +$147K
$4M
SBC Allocated Expense↑+21.7% +$6M
$36M
SBC Unrecognized Cost↑+27.8% +$53M
$242M