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.

Revenue
+13.7%
EPS
−90.9%
Free cash flow
+15.6%
Total debt
−9.69%

Quarter to September 2026, against a year earlier

157.17 4.10 −2.54%
Market cap
$7.4B
P/E
50.7×
Fwd P/E
48.1×
Dividend yield
—
F-score
3/9
Altman Z
8.95
Beneish M
−1.63
Dividend safety
n/a

Duolingo, Inc. (DUOL) EBITDA

Alert me on EBITDA

Duolingo, Inc.'s EBITDA for fiscal 2025 was $148.1M, up 103.2% from $72.9M in fiscal 2024. Over the twelve months to 30 September 2026 it was $161.3M. Over the past ten years it has ranged from −$60.3M (fiscal 2022) to $148.1M (fiscal 2025) — the current reading is the highest in ten years. EBITDA has risen for 3 consecutive fiscal years. Duolingo, Inc. ranks 53rd of 206 Software Application companies by EBITDA.

EBITDA, annual

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Annual newest first

Period EBITDA Change
FY2025 $148.1M 103.17%
FY2024 $72.9M —
FY2023 −$6.2M —
FY2022 −$60.3M —
FY2021 −$57.3M —
FY2020 −$13.8M —
FY2019 −$12.9M —

Quarterly newest first

Period EBITDA Change
Jun 2026 $37.9M (21.75%)
Mar 2026 $48.4M 3.26%
Dec 2025 $46.9M 22.47%
Sep 2025 $38.3M 5.33%
22 more quarters

Against its own ten years

Low −$60.3M High $148.1M
Ten-year median −$12.9M
Current reading's percentile 100

EBITDA against peers

What EBITDA is

EBITDA shows what a company earns from its operations before interest, taxes and the non-cash charges for depreciation and amortization.

Reported line item

The full definition of EBITDA →

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