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Duolingo DUOL · USD

Consumer Discretionary · US listing · 🇺🇸 United States

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154.25

-3.85%

Close of 9 Nov 2026, in USD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in USD, from our data supplier.

FY2025

Revenue

$1.04bn

FY2019FY2025

Net income

$414.1m

FY2019FY2025

Free cash flow

$369.7m

FY2019FY2025

Shareholders' equity

$1.35bn

FY2019FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue$1.04bn$748.0m$531.1m$369.5m$250.8m$161.7m$70.8m
Gross profit$743.7m$538.8m$383.9m$266.1m$250.8m$115.2m$49.4m
Research and development$303.0m$232.9m$192.7m$148.9m$103.8m$53.0m$31.6m
Operating income$141.2m$63.6m−$12.9m−$64.6m$60.0m−$15.7m−$12.9m
Net income$414.1m$88.6m$16.1m−$59.6m−$60.1m−$15.8m−$13.6m
Diluted earnings per share8.311.790.33-1.48-1.57-0.44-0.38

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Total assets$1.99bn$1.30bn$954.0m$747.3m$661.3m$175.7m$95.1m
Cash and short-term investments$1.14bn$877.6m$747.6m$608.2m$553.9m$120.5m$59.8m
Total liabilities$645.2m$477.2m$298.5m$205.3m$148.3m$73.8m$41.3m
Shareholders' equity$1.35bn$824.5m$655.5m$542.1m$513.1m$101.9m$53.7m
Shares outstanding50m50m49m40m38m36m36m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Cash from operations$387.8m$285.5m$153.6m$53.7m$9.2m$17.7m$2.2m
Capital spending−$18.1m−$12.1m−$3.2m−$5.6m−$3.6m−$3.4m−$3.8m
Free cash flow$369.7m$273.4m$150.4m$48.1m$5.6m$14.3m−$1.6m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue$298.5m$292.0m$282.9m$271.7m$252.3m$230.7m$209.6m$192.6m
Gross profit$216.7m$211.7m$204.4m$195.5m$181.1m$162.7m$149.1m$138.9m
Operating income$33.9m$44.9m$43.9m$39.6m$34.1m$23.7m$14.0m$14.1m
Net income$33.2m$43.5m$42.0m$292.2m$44.8m$35.1m$13.9m$23.4m
Diluted earnings per share0.660.870.845.870.900.710.280.47
Cash from operations$239.0m$150.0m$107.0m$84.0m$90.0m$105.0m$83.0m$56.0m
Capital spending−$7.0m—−$10.0m−$4.0m−$1.0m−$1.0m−$1.0m−$3.0m
Free cash flow$232.0m—$97.0m$80.0m$89.0m$104.0m$82.0m$53.0m
Total assets$2.07bn$2.06bn$1.99bn$1.89bn$1.54bn$1.40bn$1.30bn$1.22bn
Cash and short-term investments$1.31bn$1.25bn$1.14bn$1.12bn$1.10bn$999.3m$877.6m$880.8m
Debt——$93.8m$4.1m$3.0m—$2.6m$2.6m
Shareholders' equity$1.41bn$1.39bn$1.35bn$1.31bn$977.0m$893.8m$824.5m$822.5m

Financial ratios

Data as of 17 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin71.7%72.0%72.3%72.0%100.0%71.2%
Operating margin17.6%13.7%3.3%-15.9%0.0%-9.7%
Net margin39.9%11.8%3.0%-16.1%-24.0%-9.8%
Return on equity30.7%10.7%2.5%-11.0%-11.7%-15.5%
Return on assets20.8%6.8%1.7%-8.0%-9.1%-9.0%
Free cash flow yield5.7%4.2%2.3%1.0%0.2%0.4%
Revenue growth38.7%40.8%43.7%47.3%55.1%128.5%
Earnings growth367.5%451.3%-127.0%-0.9%281.2%16.4%
Current ratio2.61x2.61x3.24x3.84x5.20x2.41x
Debt to equity0.00x0.00x0.01x0.01x0.01x0.01x
Equity ratio67.6%63.3%68.7%72.5%77.6%58.0%
Interest coverage———-8.10x1.04x-51.91x
R&D as a share of sales29.2%31.1%36.3%40.3%41.4%32.8%
Buybacks as a share of market value-0.6%-1.0%-21.4%-5.5%-6.6%0.0%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue41.1%45.0%—

Average margins

Over each period

1 year3 years5 years10 years
Gross margin71.8%71.9%74.2%—
Operating margin11.5%4.7%5.5%—
Net margin28.1%17.1%12.4%—

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021
Price to earnings21.1181.2—-48.2-67.5
Price to sales8.421.520.97.816.2

Share price return

Finished calendar years

20252024202320222021
Return-45%38%235%-30%-23%

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.