Saturday 17 October 2026
Export DUOL’s income statement to Excel — free account
Duolingo, Inc.
DUOL Technology Software Application
Duolingo, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.0 billion, up 38.7% from fiscal 2024. In the quarter to June 2026, revenue grew 18.3%, EPS fell 27.6%, free cash flow fell 8.91% and total debt fell 8.21%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.
141.76
7.17
−4.81%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '17 | |
|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
3 | 5 | 7 | 5 | 4 | — | — | — |
P/E ratio |
19.50 | 162.12 | 549.62 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Altman Z-Score |
8.95 | 18.96 | 19.88 | 8.81 | 10.69 | — | — | — |
P/S ratio |
7.74 | 18.86 | 16.73 | 7.58 | 9.92 | 8.51 | 8.51 | — |
Altman Z″-Score (non-manufacturers) |
6.04 | 5.25 | 5.75 | 5.71 | 7.14 | 0.46 | (1.52) | — |
P/FCF ratio |
22.29 | 53.35 | 63.45 | 64.31 | 838.89 | 516.64 | 516.64 | — |
Beneish M-Score |
(1.63) | (2.01) | (2.53) | (2.89) | (2.38) | (2.55) | — | — |
P/Operating CF |
74.88 | 169.24 | 180.62 | 241.18 | 5,755.73 | (1,973.74) | (1,973.74) | — |
P/B ratio |
5.96 | 17.11 | 13.55 | 5.16 | 4.85 | 0.00 | 0.00 | — |
Price to Tangible BV |
6.26 | 17.76 | 13.98 | 5.29 | 4.89 | 0.00 | 0.00 | — |
EV/Sales |
6.73 | 17.76 | 15.36 | 5.99 | 7.82 | 8.00 | 8.00 | — |
EV/EBITDA |
47.17 | 182.20 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
EV/Operating CF |
18.01 | 46.52 | 53.11 | 41.28 | 213.92 | 189.79 | 189.79 | — |
EV/FCF |
19.38 | 50.24 | 58.26 | 50.88 | 661.83 | 485.44 | 485.44 | — |
Quick Ratio |
2.39 | 2.38 | 3.02 | 3.60 | 4.93 | 2.15 | 2.18 | — |
Current Ratio |
2.61 | 2.61 | 3.24 | 3.84 | 5.20 | 2.41 | 2.46 | — |
Net Debt/EBITDA |
(7.07) | (11.29) | 117.86 | 9.69 | 9.16 | 8.17 | 3.93 | — |
Debt/Assets |
4.71% | 4.20% | 2.21% | 3.14% | 4.40% | 4.63% | 9.72% | 0.00% |
Debt/Equity |
0.07 | 0.07 | 0.03 | 0.04 | 0.06 | (0.10) | (0.11) | — |
Asset Turnover |
0.63 | 0.66 | 0.62 | 0.52 | 0.60 | 1.19 | 1.49 | — |
Operating CF/Net income |
0.94 | 3.22 | 9.56 | (0.90) | (0.15) | (1.12) | (0.16) | — |
Capex/Depreciation |
(2.18) | (2.05) | (1.91) | (2.08) | (2.28) | (1.78) | (4.19) | — |
| 38.14% | 11.97% | 2.68% | (11.29%) | (27.82%) | 19.16% | 16.46% | — | |
| 25.14% | 7.85% | 1.89% | (8.46%) | (14.37%) | (11.65%) | (28.52%) | — | |
ROIC |
28.21% | 2,506.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
Return on Tangible Assets |
44.92% | 12.68% | 2.54% | (11.27%) | (11.83%) | (15.92%) | (26.32%) | — |
Average Days of Receivables |
62.23 | 62.92 | 61.15 | 46.16 | 48.27 | 46.16 | 51.61 | — |
Research and Development Expense of Revenue |
29.52% | 31.46% | 36.59% | 40.72% | 41.41% | 32.79% | 44.60% | — |
Selling, General and Administrative Expense of Revenue |
29.64% | 32.95% | 39.15% | 50.02% | 54.93% | 48.67% | 44.32% | — |
Intangible Assets out of Total Assets |
0.03 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | 0.00 |
Share Based Compensation of Revenue |
13.25% | 14.77% | 17.93% | 19.98% | 16.27% | 10.53% | 5.26% | — |
Graham Net Nets |
0.10 | 0.04 | 0.07 | 0.18 | 0.19 | (0.06) | (0.06) | — |
Graham Number |
77.20 | 29.20 | 11.78 | 0.00 | 0.00 | 13.29 | 0.00 | — |
Earnings Yield |
5.13% | 0.62% | 0.18% | (2.11%) | (2.35%) | (1.58%) | (1.58%) | — |
Free Cash Flow Yield |
4.49% | 1.87% | 1.58% | 1.55% | 0.12% | 0.19% | 0.19% | — |
Revenue per Share |
22.67 | 17.19 | 12.81 | 9.36 | 10.70 | 12.70 | 5.72 | — |
Operating CF per Share |
8.47 | 6.56 | 3.71 | 1.36 | 0.39 | 1.39 | 0.17 | — |
Capex per Share |
(0.60) | (0.49) | (0.33) | (0.26) | (0.26) | (0.32) | (0.42) | — |
Free Cash Flow per Share |
7.87 | 6.08 | 3.38 | 1.10 | 0.13 | 1.08 | (0.25) | — |
Cash per Share |
24.92 | 20.17 | 18.04 | 15.41 | 23.64 | 9.46 | 4.84 | — |
Shareholders Equity per Share |
29.43 | 18.95 | 15.81 | 13.73 | 21.89 | (6.34) | (6.79) | — |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Book value per Share |
29.43 | 18.95 | 15.81 | 13.73 | 21.89 | (6.34) | (6.79) | — |
Free Cash Flow |
360.42 | 264.37 | 140.03 | 43.53 | 2.96 | 13.69 | (3.09) | — |
Working Capital |
885.46 | 679.36 | 620.44 | 515.42 | 500.14 | 92.69 | 46.82 | — |
Capital Expenditures |
(27.40) | (21.14) | (13.58) | (10.12) | (6.21) | (4.01) | (5.25) | — |
Net Current Asset Value |
791.43 | 624.41 | 599.34 | 491.91 | 471.02 | (98.05) | (100.11) | — |
EV/EBIT |
51.53 | 212.19 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Capex to Sales |
0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.07 | — |
Price to Operating Income |
59.25 | 225.34 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Other line items | ||||||||
Depreciation/Fixed assets |
0.35 | 0.54 | 0.60 | 0.38 | 0.33 | 0.35 | 0.27 | — |
Cash ROIC |
13.96% | 15.05% | 9.83% | 3.71% | 0.27% | 28.57% | 20.78% | — |
Accounts Receivable Turnover |
6.79 | 6.87 | 7.83 | 9.25 | 9.35 | 10.62 | 2.78 | — |
Accounts Payable Turnover |
40.08 | 46.14 | 78.42 | 22.11 | 13.82 | 15.31 | 6.90 | — |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Average Days of Payables |
10.13 | 11.44 | 6.29 | 4.32 | 41.24 | 17.43 | 67.08 | — |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Average Receivables |
152.92 | 108.96 | 67.85 | 39.95 | 26.81 | 15.23 | 25.49 | — |
Average Payables |
7.19 | 4.41 | 1.81 | 4.50 | 5.01 | 3.00 | 3.00 | — |
Average Assets |
1,646.96 | 1,127.84 | 850.65 | 704.33 | 418.53 | 135.40 | 47.53 | — |
Average Common Equity |
1,085.78 | 740.03 | 598.79 | 527.57 | 216.18 | (82.33) | (82.33) | — |
Columns are period end dates