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%

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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 Segments Valuation Filings

Duolingo, Inc. (DUOL) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Duolingo, Inc. (DUOL) trades at a P/B ratio of 5.0×. Over the past ten years it has ranged from 0.0× (September 2021) to 27.3× (May 2025); the current reading is higher than 23% of that period. That is above the Software Application industry median of 2.6× and above the Technology sector median of 2.5×.

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<iframe src="https://stockrow.com/embed/DUOL/pb-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Duolingo, Inc. P/B ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/DUOL/metrics/pb-ratio">Duolingo, Inc. (DUOL) P/B ratio — stockrow.com</a></p>

Period	P/B ratio	Change
FY2025	6.0×	(65.14%)
FY2024	17.1×	26.21%
FY2023	13.6×	162.45%
FY2022	5.2×	6.57%
FY2021	4.8×	—
FY2020	0.0×	—
FY2019	0.0×	—

Period	P/B ratio	Change
Sep 2026	4.5×	18.16%
Jun 2026	3.8×	14.96%
Mar 2026	3.3×	(44.43%)
Dec 2025	6.0×	(47.27%)
23 more quarters	Free account

Against its own ten years

Low 0.0× High 27.3×

Ten-year median 9.3×

Current reading's percentile 20

Company	P/B ratio
YMM Full Truck Alliance Co. Ltd. Sponsored ADR compare	1.5×
LYFT Lyft, Inc. compare	2.3×
TTAN ServiceTitan Inc. compare	4.9×
NAVN Navan, Inc. compare	5.0×
DUOL Duolingo, Inc.	5.0×
IDCC InterDigital, Inc. compare	5.9×
APPF AppFolio, Inc. compare	14.1×
YOU CLEAR Secure, Inc. compare	43.6×
CVLT CommVault Systems, Inc. compare	521×
Software Application industry median	2.6×
Technology sector median	2.5×
Market median	1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

Duolingo, Inc. (DUOL) P/B ratio

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

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P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on DUOL

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