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	Feb '26 Feb 25, 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	5,161	14,261	9,531	2,857	3,976	-
Market Cap Growth	-70.77%	49.63%	233.56%	-28.14%	-	-
Enterprise Value	4,137	13,438	8,855	2,286	3,437	-
Last Close Price	111.65	324.23	226.85	71.13	106.11	-
PE Ratio	13.89	161.01	593.19	-	-	-
Forward PE	28.01	122.92	-	-	-	-
PS Ratio	5.35	19.07	17.95	7.73	15.86	-
PB Ratio	3.94	17.30	14.54	5.27	7.75	-
P/TBV Ratio	4.15	17.96	15.00	5.40	7.82	-
P/FCF Ratio	14.56	52.16	63.36	59.41	712.07	-
P/OCF Ratio	14.18	49.95	62.04	53.25	433.61	-
EV/Sales Ratio	4.29	17.96	16.67	6.19	13.70	-
EV/EBITDA Ratio	32.87	179.98	-	-	-	-
EV/EBIT Ratio	37.06	210.60	-	-	-	-
EV/FCF Ratio	11.67	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
Net Debt / Equity Ratio	-0.78	-1.00	-1.10	-1.07	-1.02	-1.09
Net Debt / EBITDA Ratio	-8.14	-11.01	124.03	9.61	9.10	7.73
Net Debt / FCF Ratio	-2.89	-3.01	-4.80	-12.05	-93.38	-7.76
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	7.48%	0.62%	0.17%	-2.08%	-1.51%	-
FCF Yield	6.87%	1.92%	1.58%	1.68%	0.14%	-
Buyback Yield / Dilution	-1.47%	-1.24%	-17.87%	-68.44%	-84.00%	-

Updated Nov 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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