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) Operating margin

Alert me on Operating margin

Duolingo, Inc.'s operating margin over the twelve months to 30 September 2026 was 12.4%, down 0.7 percentage points from fiscal 2025 (13.1%). Over the past ten years it has ranged from −23.9% (fiscal 2021) to 13.1% (fiscal 2025) — the current reading is the highest in ten years. That is above the Software Application industry median of 0.00% and above the Technology sector median of 0.02%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 13.1% 4.70
FY2024 8.37% 10.87
FY2023 −2.50% 15.14
FY2022 −17.6% 6.29
FY2021 −23.9% (14.03)
FY2020 −9.90% 10.06
FY2019 −20.0% —

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 7.83% (3.54)
Jun 2026 11.4% (3.88)
Mar 2026 15.3% (0.11)
Dec 2025 15.4% 2.42
23 more quarters

Against its own ten years

Low −23.9% High 13.1%
Ten-year median −9.90%
Current reading's percentile 88

Operating margin against peers

Company Operating margin
IDCC InterDigital, Inc. compare 45.1%
YMM Full Truck Alliance Co. Ltd. Sponsored ADR compare 33.8%
YOU CLEAR Secure, Inc. compare 26.5%
APPF AppFolio, Inc. compare 18.8%
DUOL Duolingo, Inc. 12.4%
CVLT CommVault Systems, Inc. compare 7.39%
LYFT Lyft, Inc. compare −1.77%
TTAN ServiceTitan Inc. compare −13.0%
NAVN Navan, Inc. compare −25.7%
Software Application industry median 0.00%
Technology sector median 0.02%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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