Duolingo, Inc. (DUOL)

NASDAQ: DUOL · Real-Time Price · USD

138.60

-4.44 (-3.10%)

At close: Oct 26, 2026, 4:00 PM EDT

138.56

-0.04 (-0.03%)

After-hours: Oct 26, 2026, 7:45 PM EDT

Duolingo Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Total Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 26, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	6,485	8,113	14,261	9,531	2,857	3,976
Market Cap Growth	-53.99%	-43.11%	49.63%	233.56%	-28.14%	-
Enterprise Value	5,257	7,089	13,438	8,855	2,286	3,437
Last Close Price	138.60	175.50	324.23	226.85	71.13	106.11

Price Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 26, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	16.53	19.59	161.01	593.19	-	-
Forward PE	52.85	44.78	122.92	-	-	-
PS Ratio	5.66	7.82	19.07	17.95	7.73	15.86
PB Ratio	4.59	6.02	17.30	14.54	5.27	7.75
P/TBV Ratio	4.81	6.32	17.96	15.00	5.40	7.82
P/FCF Ratio	15.90	21.94	52.16	63.36	59.41	712.07
P/OCF Ratio	15.06	20.92	49.95	62.04	53.25	433.61
PEG Ratio	-	2.26	-	-	-	-

EV Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 26, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
EV/Sales Ratio	4.59	6.83	17.96	16.67	6.19	13.70
EV/EBITDA Ratio	29.36	45.55	179.98	-	-	-
EV/EBIT Ratio	32.20	50.19	210.60	-	-	-
EV/FCF Ratio	12.89	19.17	49.15	58.87	47.54	615.45

Financial Efficiency

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 26, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Debt / Equity Ratio	0.06	0.08	0.07	0.04	0.05	0.06
Debt / EBITDA Ratio	0.45	0.60	0.67	15.70	-	-
Debt / FCF Ratio	0.21	0.27	0.21	0.17	0.59	5.81
Net Debt / Equity Ratio	-0.87	-0.77	-0.99	-1.10	-1.07	-1.02
Net Debt / EBITDA Ratio	-6.86	-6.68	-10.99	117.23	9.61	9.10
Net Debt / FCF Ratio	-3.01	-2.81	-3.00	-4.80	-12.05	-93.38
Asset Turnover	0.63	0.63	0.66	0.62	0.53	0.60
Quick Ratio	2.51	2.39	2.39	3.02	3.60	4.93
Current Ratio	2.72	2.61	2.61	3.24	3.84	5.20
Return on Equity (ROE)	34.42%	38.14%	11.97%	2.68%	-11.29%	-19.56%
Return on Assets (ROA)	5.64%	5.36%	3.54%	-0.97%	-5.79%	-8.96%
Return on Invested Capital (ROIC)	78.85%	90.63%	-	-	-	-
Return on Capital Employed (ROCE)	10.90%	9.80%	7.30%	-2.00%	-11.50%	-11.10%

Yields

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 26, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Earnings Yield	6.05%	5.10%	0.62%	0.17%	-2.08%	-1.51%
FCF Yield	6.29%	4.56%	1.92%	1.58%	1.68%	0.14%
Buyback Yield / Dilution	-2.60%	-2.56%	-1.24%	-17.87%	-68.44%	-84.00%

SEC Filings: 10-K · 10-Q