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	Jul '25 Jul 11, 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	16,855	14,261	9,531	2,857	3,976	-	Upgrade
Market Cap Growth	48.55%	49.63%	233.56%	-28.14%	-	-	Upgrade
Enterprise Value	15,911	13,438	8,855	2,286	3,437	-	Upgrade
Last Close Price	370.82	324.23	226.85	71.13	106.11	-	Upgrade
PE Ratio	182.14	161.01	593.19	-	-	-	Upgrade
Forward PE	112.35	122.92	-	-	-	-	Upgrade
PS Ratio	20.16	19.07	17.95	7.73	15.86	-	Upgrade
PB Ratio	18.84	17.30	14.54	5.27	7.75	-	Upgrade
P/TBV Ratio	19.50	17.96	15.00	5.40	7.82	-	Upgrade
P/FCF Ratio	57.02	52.16	63.36	59.41	712.07	-	Upgrade
P/OCF Ratio	54.79	49.95	62.04	53.25	433.61	-	Upgrade
EV/Sales Ratio	19.61	17.96	16.67	6.19	13.70	-	Upgrade
EV/EBITDA Ratio	190.70	179.98	-	-	-	-	Upgrade
EV/EBIT Ratio	223.90	210.60	-	-	-	-	Upgrade
EV/FCF Ratio	53.82	49.15	58.87	47.54	615.45	-	Upgrade
Debt / Equity Ratio	0.06	0.07	0.04	0.05	0.06	0.09	Upgrade
Debt / EBITDA Ratio	0.58	0.67	12.95	-	-	-	Upgrade
Debt / FCF Ratio	0.18	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	2.45	2.39	3.02	3.60	4.93	2.15	Upgrade
Current Ratio	2.68	2.61	3.24	3.84	5.20	2.41	Upgrade
Return on Equity (ROE)	12.06%	11.97%	2.68%	-11.29%	-19.56%	-20.27%	Upgrade
Return on Assets (ROA)	3.59%	3.54%	-0.95%	-5.79%	-8.96%	-7.39%	Upgrade
Return on Capital (ROIC)	5.18%	5.10%	-1.29%	-7.30%	-11.42%	-11.43%	Upgrade
Return on Capital Employed (ROCE)	7.50%	7.30%	-	-	-	-	Upgrade
Earnings Yield	0.57%	0.62%	0.17%	-2.08%	-1.51%	-	Upgrade
FCF Yield	1.75%	1.92%	1.58%	1.68%	0.14%	-	Upgrade
Buyback Yield / Dilution	1.70%	-1.24%	-17.87%	-68.44%	-84.00%	-	Upgrade

Updated May 1, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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