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) P/E ratio
As of 16 October 2026, Duolingo, Inc. (DUOL) trades at a P/E ratio of 16.0×. Over the past ten years it has ranged from 0.0× (December 2023) to 613× (February 2024); the current reading is higher than 58% of that period. That is below the Software Application industry median of 25.4× and below the Technology sector median of 28.2×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 19.5× | (87.97%) |
| FY2024 | 162× | (70.50%) |
| FY2023 | 550× | — |
| FY2022 | 0.0× | — |
| FY2021 | 0.0× | — |
| FY2020 | 0.0× | — |
| FY2019 | 0.0× | — |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 13.0× | 20.24% |
| Mar 2026 | 10.8× | (44.76%) |
| Dec 2025 | 19.5× | (48.92%) |
| Sep 2025 | 38.2× | (76.07%) |
| 22 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| TTAN ServiceTitan Inc. compare | n/m |
| NAVN Navan, Inc. compare | n/m |
| LYFT Lyft, Inc. compare | 2.4× |
| DUOL Duolingo, Inc. | 16.0× |
| NICE Nice compare | 16.1× |
| YOU CLEAR Secure, Inc. compare | 29.4× |
| APPF AppFolio, Inc. compare | 48.0× |
| RNG Ringcentral, Inc. compare | 58.5× |
| CVLT CommVault Systems, Inc. compare | 94.4× |
| Software Application industry median | 25.4× |
| Technology sector median | 28.2× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)