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) Return on invested capital

Alert me on Return on invested capital

Duolingo, Inc.'s return on invested capital over the twelve months to 30 September 2026 was 47.6%, up 19.4 percentage points from fiscal 2025 (28.2%). Over the past ten years it has ranged from 0.00% (fiscal 2023) to 2,506.2% (fiscal 2024); the current reading is higher than 86% of that period. That is above the Software Application industry median of 0.00% and above the Technology sector median of 0.00%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 28.2% (2,478.00)
FY2024 2,506.2% 2,506.21
FY2023 0.00% 0.00
FY2022 0.00% 0.00
FY2021 0.00% 0.00
FY2020 0.00% 0.00
FY2019 0.00% —

Against its own ten years

Low 0.00% High 2,506.2%
Ten-year median 0.00%
Current reading's percentile 86

Return on invested capital against peers

Company Return on invested capital
IDCC InterDigital, Inc. compare 53.2%
DUOL Duolingo, Inc. 47.6%
APPF AppFolio, Inc. compare 46.5%
YMM Full Truck Alliance Co. Ltd. Sponsored ADR compare 15.6%
CVLT CommVault Systems, Inc. compare 0.00%
YOU CLEAR Secure, Inc. compare 0.00%
LYFT Lyft, Inc. compare −3.37%
TTAN ServiceTitan Inc. compare −7.67%
NAVN Navan, Inc. compare −25.3%
Software Application industry median 0.00%
Technology sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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