Duolingo Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jan '26 Jan 30, 2026	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
Market Capitalization	6,197	14,261	9,531	2,857	3,976	-
Market Cap Growth	-55.97%	49.63%	233.56%	-28.14%	-	-
Enterprise Value	5,173	13,438	8,855	2,286	3,437	-
Last Close Price	134.06	324.23	226.85	71.13	106.11	-
PE Ratio	16.68	161.01	593.19	-	-	-
Forward PE	33.54	122.92	-	-	-	-
PS Ratio	6.29	19.07	17.95	7.73	15.86	-
PB Ratio	4.73	17.30	14.54	5.27	7.75	-
P/TBV Ratio	4.98	17.96	15.00	5.40	7.82	-
P/FCF Ratio	17.48	52.16	63.36	59.41	712.07	-
P/OCF Ratio	17.03	49.95	62.04	53.25	433.61	-
EV/Sales Ratio	5.36	17.96	16.67	6.19	13.70	-
EV/EBITDA Ratio	41.10	179.98	-	-	-	-
EV/EBIT Ratio	46.34	210.60	-	-	-	-
EV/FCF Ratio	14.59	49.15	58.87	47.54	615.45	-
Debt / Equity Ratio	0.07	0.07	0.04	0.05	0.06	0.09
Debt / EBITDA Ratio	0.71	0.67	12.95	-	-	-
Debt / FCF Ratio	0.27	0.21	0.17	0.59	5.81	0.65
Asset Turnover	0.62	0.66	0.62	0.53	0.60	1.19
Quick Ratio	2.60	2.39	3.02	3.60	4.93	2.15
Current Ratio	2.82	2.61	3.24	3.84	5.20	2.41
Return on Equity (ROE)	36.25%	11.97%	2.68%	-11.29%	-19.56%	-20.27%
Return on Assets (ROA)	4.49%	3.54%	-0.95%	-5.79%	-8.96%	-7.39%
Return on Invested Capital (ROIC)	86.08%	-	-	-	-	-
Return on Capital Employed (ROCE)	8.00%	7.30%	-1.90%	-11.50%	-11.10%	-14.50%
Earnings Yield	6.23%	0.62%	0.17%	-2.08%	-1.51%	-
FCF Yield	5.72%	1.92%	1.58%	1.68%	0.14%	-
Buyback Yield / Dilution	-1.47%	-1.24%	-17.87%	-68.44%	-84.00%	-

Updated Nov 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q