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Duolingo (DUOL) Cash Flow Waterfall

Trace Duolingo's cash from operations down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

TTM

Operating CF

$432.96M

Capex

−$16.92M

Free Cash Flow

$416.04M

FCF Margin

+96.1%

Cash flow waterfall for Duolingo (DUOL) — TTM through Q1 2026

Free cash flow: $416.04M

Cash flow breakdown for Duolingo (DUOL) — TTM through Q1 2026

  • Operating Cash Flow$432.96M
  • Capital Expenditure−$16.92M
  • Free Cash Flow$416.04M
  • Acquisitions−$33.10M
  • Other Investing−$63.86M
  • Share Buybacks−$24.33M
  • Other Financing & FX−$40.19M
  • Net Cash Increase$254.56M
Want to see what drove the FCF change?Free Cash Flow Bridge

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