XML 25 R16.htm IDEA: XBRL DOCUMENT v3.23.1
EMPLOYEE BENEFIT PLAN
3 Months Ended
Mar. 31, 2023
Postemployment Benefits [Abstract]  
EMPLOYEE BENEFIT PLAN EMPLOYEE BENEFIT PLANThe Company sponsors a profit sharing plan with a 401(k) feature, the Duolingo Retirement Plan, (the “Plan”) for eligible employees. The current Plan, effective January 1, 2021, provides for Company safe harbor matching contributions of 100% of the first 4% of the employees’ elective deferrals and 50% of the next 2%, with vesting starting upon the first day of employment. The Company also has the option to make discretionary matching or profit sharing contributions. The Company made safe harbor matching contributions of approximately $1,397 and $983 for the three months ended March 31, 2023 and 2022, respectively. The Company did not make any discretionary matching or profit sharing contributions during the three months ended March 31, 2023 and 2022.