DUOLNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
Duolingo, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$142.11+0.35 (+0.25%)
Close on Oct 19, 2026
- Market cap
- $7.11B
- P/E (TTM)
- 16.9
- Dividend yield
- –
Duolingo statistics
Financials through Jun 30, 2026, price as of Oct 19, 2026, median of Services-Prepackaged Software companies for comparison
Valuation
| Measure | Duolingo | Industry median |
|---|---|---|
| Market Cap | $6.65B | $288.87M |
| Enterprise Value | $5.47B | $296.43M |
| PE Ratio | 16.94 | 25.42 |
| PS Ratio | 5.81 | 2.45 |
| PB Ratio | 4.72 | 2.73 |
| P/TBV Ratio | 4.94 | 4.95 |
| P/FCF Ratio | 16.30 | 15.04 |
| P/OCF Ratio | 15.44 | 13.19 |
Enterprise value
| Measure | Duolingo | Industry median |
|---|---|---|
| EV / Sales | 4.78 | 2.21 |
| EV / EBITDA | 31.63 | 16.37 |
| EV / EBIT | 34.81 | 21.97 |
| EV / FCF | 13.40 | 15.16 |
Income (trailing twelve months)
| Measure | Duolingo | Industry median |
|---|---|---|
| Revenue | $1.15B | $289.17M |
| Gross Profit | $832.62M | $161.98M |
| Operating Income | $157.09M | -$613.24K |
| Pretax Income | $201.87M | -$294.07K |
| Net Income | $410.77M | -$301.07K |
| EBITDA | $172.88M | -$156.35K |
| EPS (Diluted) | $8.39 | $0.00 |
Margins
| Measure | Duolingo | Industry median |
|---|---|---|
| Gross Margin | 72.7% | 55.8% |
| Operating Margin | 13.7% | -1.81% |
| Pretax Margin | 17.6% | -0.50% |
| Profit Margin | 35.9% | -1.80% |
| EBITDA Margin | 15.1% | 0.60% |
| FCF Margin | 35.6% | 10.0% |
Returns
| Measure | Duolingo | Industry median |
|---|---|---|
| Return on Equity (ROE) | 34.4% | 0.83% |
| Return on Assets (ROA) | 22.7% | -2.82% |
| Return on Invested Capital (ROIC) | 138.5% | -0.05% |
| Return on Capital Employed (ROCE) | 10.5% | -0.44% |
Growth
| Measure | Duolingo | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 29.4% | 9.72% |
| Net Income Growth (YoY) | 250.5% | 7.14% |
| EPS Growth (YoY) | 246.7% | 8.91% |
| FCF Growth (YoY) | 24.3% | 17.2% |
| Revenue Growth (3Y CAGR) | 41.1% | 7.66% |
| Revenue Growth (5Y CAGR) | 45.0% | 12.4% |
Balance sheet
| Measure | Duolingo | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $1.18B | $43.42M |
| Net Cash (Debt) | $1.18B | $2.04M |
| Net Cash Per Share | $25.24 | $0.13 |
| Equity (Book Value) | $1.41B | $52.29M |
| Book Value Per Share | $30.13 | $1.90 |
| Tangible Book Value | $1.35B | $3.06M |
| Working Capital | $993.28M | $15.22M |
Financial position
| Measure | Duolingo | Industry median |
|---|---|---|
| Current Ratio | 2.72 | 1.40 |
| Quick Ratio | 2.27 | 0.94 |
Cash flow (trailing twelve months)
| Measure | Duolingo | Industry median |
|---|---|---|
| Operating Cash Flow | $430.55M | $8.52M |
| Capital Expenditures | -$22.62M | -$5.56M |
| Free Cash Flow | $407.93M | $43.71M |
| FCF Per Share | $8.72 | $0.69 |
Efficiency
| Measure | Duolingo | Industry median |
|---|---|---|
| Asset Turnover | 0.63 | 0.64 |
| Revenue Per Employee | $1.59M | $392.99K |
| Profits Per Employee | $570.51K | -$4.94K |
| Employee Count | 720 | 544 |
Dividends and yields
| Measure | Duolingo | Industry median |
|---|---|---|
| Earnings Yield | 6.18% | -0.85% |
| FCF Yield | 6.14% | 3.98% |
Shares
| Measure | Duolingo | Industry median |
|---|---|---|
| Shares Outstanding | 46,786,300 | 60,427,600 |
| Shares Change (YoY) | 1.97% | 2.21% |
| Float | 39,322,400 | 53,528,000 |
| Shares Held by Insiders | 16.0% | 13.1% |
| Shares Held by Institutions | 85.3% | 66.9% |
Taxes
| Measure | Duolingo | Industry median |
|---|---|---|
| Income Tax | -$208.90M | $1.69M |
| Effective Tax Rate | -103.5% | 22.0% |
Scores
| Measure | Duolingo | Industry median |
|---|---|---|
| Graham Number | $75.42 | $15.96 |
| Graham Upside | -46.9% | -56.1% |
| Altman Z-Score | 7.63 | 1.51 |
| Piotroski F-Score | 5 | 5 |
| Beneish M-Score | -1.70 | -2.80 |
Calculated by StockData from Duolingo's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.