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	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	12,251	14,261	9,531	2,857	3,976	-	Upgrade
Market Cap Growth	-2.39%	49.63%	233.56%	-28.14%	-	-	Upgrade
Enterprise Value	11,324	13,438	8,855	2,286	3,437	-	Upgrade
Last Close Price	272.76	324.23	226.85	71.13	106.11	-	Upgrade
PE Ratio	108.86	161.01	593.19	-	-	-	Upgrade
Forward PE	69.05	122.92	-	-	-	-	Upgrade
PS Ratio	13.77	19.07	17.95	7.73	15.86	-	Upgrade
PB Ratio	12.78	17.30	14.54	5.27	7.75	-	Upgrade
P/TBV Ratio	13.02	17.96	15.00	5.40	7.82	-	Upgrade
P/FCF Ratio	37.55	52.16	63.36	59.41	712.07	-	Upgrade
P/OCF Ratio	36.69	49.95	62.04	53.25	433.61	-	Upgrade
EV/Sales Ratio	12.79	17.96	16.67	6.19	13.70	-	Upgrade
EV/EBITDA Ratio	113.64	179.98	-	-	-	-	Upgrade
EV/EBIT Ratio	131.56	210.60	-	-	-	-	Upgrade
EV/FCF Ratio	34.50	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	0.95%	0.62%	0.17%	-2.08%	-1.51%	-	Upgrade
FCF Yield	2.66%	1.92%	1.58%	1.68%	0.14%	-	Upgrade
Buyback Yield / Dilution	-1.53%	-1.24%	-17.87%	-68.44%	-84.00%	-	Upgrade

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q