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	Nov '25 Nov 7, 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	9,301	14,261	9,531	2,857	3,976	-	Upgrade
Market Cap Growth	-23.68%	49.63%	233.56%	-28.14%	-	-	Upgrade
Enterprise Value	8,277	13,438	8,855	2,286	3,437	-	Upgrade
Last Close Price	201.21	324.23	226.85	71.13	106.11	-	Upgrade
PE Ratio	25.04	161.01	593.19	-	-	-	Upgrade
Forward PE	49.42	122.92	-	-	-	-	Upgrade
PS Ratio	9.44	19.07	17.95	7.73	15.86	-	Upgrade
PB Ratio	7.10	17.30	14.54	5.27	7.75	-	Upgrade
P/TBV Ratio	7.48	17.96	15.00	5.40	7.82	-	Upgrade
P/FCF Ratio	26.23	52.16	63.36	59.41	712.07	-	Upgrade
P/OCF Ratio	25.56	49.95	62.04	53.25	433.61	-	Upgrade
EV/Sales Ratio	8.58	17.96	16.67	6.19	13.70	-	Upgrade
EV/EBITDA Ratio	65.76	179.98	-	-	-	-	Upgrade
EV/EBIT Ratio	74.15	210.60	-	-	-	-	Upgrade
EV/FCF Ratio	23.35	49.15	58.87	47.54	615.45	-	Upgrade
Debt / Equity Ratio	0.07	0.07	0.04	0.05	0.06	0.09	Upgrade
Debt / EBITDA Ratio	0.71	0.67	12.95	-	-	-	Upgrade
Debt / FCF Ratio	0.27	0.21	0.17	0.59	5.81	0.65	Upgrade
Asset Turnover	0.62	0.66	0.62	0.53	0.60	1.19	Upgrade
Quick Ratio	2.60	2.39	3.02	3.60	4.93	2.15	Upgrade
Current Ratio	2.82	2.61	3.24	3.84	5.20	2.41	Upgrade
Return on Equity (ROE)	36.25%	11.97%	2.68%	-11.29%	-19.56%	-20.27%	Upgrade
Return on Assets (ROA)	4.49%	3.54%	-0.95%	-5.79%	-8.96%	-7.39%	Upgrade
Return on Capital (ROIC)	6.11%	5.10%	-1.29%	-7.30%	-11.42%	-11.43%	Upgrade
Return on Capital Employed (ROCE)	8.00%	7.30%	-	-	-	-	Upgrade
Earnings Yield	4.15%	0.62%	0.17%	-2.08%	-1.51%	-	Upgrade
FCF Yield	3.81%	1.92%	1.58%	1.68%	0.14%	-	Upgrade
Buyback Yield / Dilution	-1.47%	-1.24%	-17.87%	-68.44%	-84.00%	-	Upgrade

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

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