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.
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Duolingo, Inc. (DUOL) EV/Sales
As of 16 October 2026, Duolingo, Inc. (DUOL) trades at a EV/Sales of 4.7×. Over the past ten years it has ranged from 2.8× (April 2026) to 28.9× (May 2025); the current reading is higher than 11% of that period. That is above the Software Application industry median of 2.6× and above the Technology sector median of 2.7×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 6.7× | (62.08%) |
| FY2024 | 17.8× | 15.59% |
| FY2023 | 15.4× | 156.26% |
| FY2022 | 6.0× | (23.37%) |
| FY2021 | 7.8× | (2.20%) |
| FY2020 | 8.0× | 0.00% |
| FY2019 | 8.0× | — |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 3.6× | 15.15% |
| Mar 2026 | 3.1× | (53.33%) |
| Dec 2025 | 6.7× | (52.81%) |
| Sep 2025 | 14.3× | (28.62%) |
| 22 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| LYFT Lyft, Inc. compare | 0.8× |
| NICE Nice compare | 2.3× |
| RNG Ringcentral, Inc. compare | 2.8× |
| YOU CLEAR Secure, Inc. compare | 3.5× |
| DUOL Duolingo, Inc. | 4.7× |
| CVLT CommVault Systems, Inc. compare | 5.0× |
| TTAN ServiceTitan Inc. compare | 6.4× |
| NAVN Navan, Inc. compare | 6.9× |
| APPF AppFolio, Inc. compare | 7.1× |
| Software Application industry median | 2.6× |
| Technology sector median | 2.7× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((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)) ÷ Revenue (TTM)