Duolingo Ratios and Metrics

Market cap in millions MXN. Fiscal year is January - December.

Millions MXN. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019
Period Ending	Oct '25 Oct 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019
Market Capitalization	230,181	297,165	161,127	55,734	81,514	-	Upgrade
Market Cap Growth	-7.25%	84.43%	189.10%	-31.63%	-	-	Upgrade
Enterprise Value	211,600	280,005	149,704	44,595	70,454	-	Upgrade
Last Close Price	4955.00	3975.06	2560.00	1918.69	2180.00	-	Upgrade
PE Ratio	104.16	161.01	593.19	-	-	-	Upgrade
PS Ratio	13.79	19.07	17.95	7.73	15.86	-	Upgrade
PB Ratio	12.49	17.30	14.54	5.27	7.75	-	Upgrade
P/TBV Ratio	12.89	17.96	15.00	5.40	7.82	-	Upgrade
P/FCF Ratio	37.18	52.16	63.36	59.41	712.07	-	Upgrade
P/OCF Ratio	36.34	49.95	62.04	53.25	433.61	-	Upgrade
EV/Sales Ratio	12.88	17.96	16.67	6.19	13.70	-	Upgrade
EV/EBITDA Ratio	104.15	179.98	-	-	-	-	Upgrade
EV/EBIT Ratio	132.44	210.60	-	-	-	-	Upgrade
EV/FCF Ratio	34.18	49.15	58.87	47.54	615.45	-	Upgrade
Debt / Equity Ratio	0.10	0.07	0.04	0.05	0.06	0.09	Upgrade
Debt / EBITDA Ratio	0.88	0.67	12.95	-	-	-	Upgrade
Debt / FCF Ratio	0.30	0.21	0.17	0.59	5.81	0.65	Upgrade
Asset Turnover	0.66	0.66	0.62	0.53	0.60	1.19	Upgrade
Quick Ratio	2.57	2.39	3.02	3.60	4.93	2.15	Upgrade
Current Ratio	2.81	2.61	3.24	3.84	5.20	2.41	Upgrade
Return on Equity (ROE)	13.44%	11.97%	2.68%	-11.29%	-19.56%	-20.27%	Upgrade
Return on Assets (ROA)	4.01%	3.54%	-0.95%	-5.79%	-8.96%	-7.39%	Upgrade
Return on Capital (ROIC)	5.67%	5.10%	-1.29%	-7.30%	-11.42%	-11.43%	Upgrade
Return on Capital Employed (ROCE)	8.00%	7.30%	-	-	-	-	Upgrade
Earnings Yield	0.96%	0.62%	0.17%	-2.08%	-1.51%	-	Upgrade
FCF Yield	2.69%	1.92%	1.58%	1.68%	0.14%	-	Upgrade
Buyback Yield / Dilution	-1.53%	-1.24%	-17.87%	-68.44%	-84.00%	-	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.