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Friday 6 November 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.

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
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Duolingo, Inc. (DUOL) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Duolingo, Inc. (DUOL) trades at a EV/EBITDA of 37.6×. Over the past ten years it has ranged from 0.0× (March 2024) to 517× (May 2024); the current reading is higher than 65% of that period. That is above the Software Application industry median of 15.5× and above the Technology sector median of 14.5×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 47.2× (74.11%)
FY2024 182× —
FY2023 0.0× —
FY2022 0.0× —
FY2021 0.0× —
FY2020 0.0× —
FY2019 0.0× —

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 33.4× 38.01%
Jun 2026 24.2× 18.92%
Mar 2026 20.3× (56.91%)
Dec 2025 47.2× (59.47%)
23 more quarters

Against its own ten years

Low 0.0× High 517×
Ten-year median 0.0×
Current reading's percentile 65

EV/EBITDA against peers

Company EV/EBITDA
LYFT Lyft, Inc. compare n/m
TTAN ServiceTitan Inc. compare n/m
NAVN Navan, Inc. compare n/m
YMM Full Truck Alliance Co. Ltd. Sponsored ADR compare 9.3×
IDCC InterDigital, Inc. compare 14.8×
YOU CLEAR Secure, Inc. compare 17.8×
APPF AppFolio, Inc. compare 33.5×
DUOL Duolingo, Inc. 37.6×
CVLT CommVault Systems, Inc. compare 39.9×
Software Application industry median 15.5×
Technology sector median 14.5×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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