Duolingo Inc
Statements
Ratios
Valuation ratios (P/E, P/S, EV/EBITDA and the other multiples) are based on the closing price at the end of each period, not on the current price. Margins and returns are shown in percent, multiples without a unit, per-share figures in the reporting currency, net debt in millions.
Tick rows to compare them in a chart (up to 4)
| Line item | Q1 19 | Q2 19 | Q3 19 | Q4 19 | Q1 20 | Q2 20 | Q3 20 | Q4 20 | Q1 21 | Q2 21 | Q3 21 | Q4 21 | Q1 22 | Q2 22 | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||||||||||||||||||||||
| – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 692.0 | 229.1 | 150.5 | 155.9 | 181.2 | 155.6 | 171.4 | 41.0 | 21.1 | 11.4 | 14.0 | |
| – | – | – | – | – | – | – | – | – | – | 27.6 | 16.2 | 13.3 | 11.2 | 11.2 | 7.8 | 14.3 | 15.1 | 16.1 | 20.9 | 17.9 | 15.7 | 19.6 | 21.5 | 18.6 | 22.7 | 16.4 | 8.4 | 4.4 | 5.0 | |
| – | – | – | – | – | – | – | – | – | – | 12.2 | 7.9 | 7.0 | 6.5 | 7.1 | 5.3 | 10.2 | 11.2 | 12.7 | 17.0 | 14.7 | 13.0 | 16.4 | 19.5 | 16.8 | 20.6 | 12.1 | 6.5 | 3.5 | 4.1 | |
| – | – | – | – | – | – | – | – | – | – | 25.2 | 14.0 | 11.2 | 9.3 | 9.4 | 6.1 | 12.8 | 13.6 | 14.7 | 19.5 | 16.5 | 14.3 | 18.4 | 20.4 | – | 21.6 | 15.4 | 7.5 | – | – | |
| – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 417.1 | 179.0 | 112.6 | 121.5 | 134.9 | – | 133.9 | 90.0 | 39.6 | – | – | |
| – | – | – | – | – | – | – | – | – | – | 777.3 | 727.2 | 178.2 | 102.9 | 103.2 | 59.7 | 100.4 | 80.4 | 68.6 | 73.9 | 51.3 | 44.5 | 56.3 | 58.7 | 50.9 | 61.2 | 44.6 | 23.6 | 11.6 | 14.2 | |
| – | – | – | – | – | – | – | – | – | – | 0.1% | 0.1% | 0.6% | 1.0% | 1.0% | 1.7% | 1.0% | 1.2% | 1.5% | 1.4% | 1.9% | 2.2% | 1.8% | 1.7% | 2.0% | 1.6% | 2.2% | 4.2% | 8.6% | 7.0% | |
| Margins | ||||||||||||||||||||||||||||||
| – | – | – | 70.7% | 70.8% | 70.5% | 70.6% | 71.4% | 71.9% | 72.4% | 72.3% | 72.1% | 72.4% | 72.4% | 72.5% | 72.5% | 72.1% | 72.1% | 72.3% | 72.3% | 72.4% | 72.5% | 72.4% | 72.0% | 71.5% | 71.4% | 71.4% | 71.7% | 72.1% | 72.3% | |
| – | – | – | -18.2% | -13.7% | -8.0% | -6.3% | -9.7% | -13.9% | -12.3% | -22.0% | -22.4% | -19.8% | -23.0% | -18.7% | -17.5% | -15.2% | -11.6% | -7.4% | -2.4% | 2.0% | 5.6% | 7.9% | 8.5% | 8.7% | 9.7% | 11.6% | 13.6% | 14.8% | 14.2% | |
| – | – | – | -19.2% | -14.4% | -8.7% | -7.2% | -9.8% | -14.3% | -13.1% | -23.5% | -24.0% | -21.3% | -24.1% | -18.6% | -16.1% | -12.4% | -7.1% | -2.1% | 3.0% | 7.8% | 10.4% | 12.6% | 11.8% | 11.9% | 13.2% | 40.0% | 39.9% | 38.4% | 35.9% | |
| – | – | – | – | – | – | – | 8.5% | 7.9% | 2.4% | 3.5% | 2.2% | 7.4% | 10.9% | 10.8% | 13.0% | 14.3% | 18.8% | 23.4% | 28.3% | 34.9% | 35.3% | 34.9% | 36.5% | 36.4% | 37.1% | 36.8% | 35.6% | 37.9% | 35.4% | |
| Returns | ||||||||||||||||||||||||||||||
| – | – | – | -25.2% | -23.2% | – | – | -15.5% | -31.9% | -30.7% | -10.4% | -11.7% | -11.3% | -13.9% | -11.8% | -11.0% | -8.8% | -5.2% | -1.6% | 2.5% | 6.4% | 8.6% | 10.6% | 10.7% | 10.8% | 12.0% | 29.5% | 30.7% | 30.3% | 29.1% | |
| – | – | – | -14.3% | -23.2% | – | – | -9.0% | -15.3% | -15.0% | -8.6% | -9.1% | -8.6% | -10.5% | -8.8% | -7.9% | -6.3% | -3.7% | -1.1% | 1.7% | 4.3% | 5.8% | 7.1% | 6.8% | 6.9% | 7.6% | 20.5% | 20.8% | 20.5% | 19.8% | |
| Balance Sheet & Debt | ||||||||||||||||||||||||||||||
| – | – | – | -59 | – | – | – | -119 | -116 | -114 | -548 | -551 | -573 | -587 | -595 | -603 | -636 | -673 | -697 | -744 | -827 | -886 | -852 | -783 | – | -973 | -1,007 | -943 | – | – | |
| – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | -29.9 | -15.4 | -11.0 | -8.2 | -6.9 | – | -6.8 | -6.1 | -4.8 | – | – | |
| – | – | – | 56.5% | 100.0% | – | – | 58.0% | 48.0% | 48.9% | 82.7% | 77.6% | 76.1% | 75.3% | 74.8% | 71.6% | 71.5% | 71.4% | 70.6% | 68.0% | 66.5% | 67.3% | 67.4% | 63.3% | 63.7% | 63.3% | 69.3% | 67.6% | 67.6% | 68.0% | |
| – | – | – | 0.0 | – | – | – | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | – | 0.0 | 0.0 | 0.1 | – | – | |
| Per Share | ||||||||||||||||||||||||||||||
| – | – | – | -0.38 | -0.35 | -0.27 | -0.27 | -0.44 | -0.72 | -0.73 | -1.42 | -1.57 | -1.52 | -1.88 | -1.59 | -1.48 | -1.23 | -0.67 | -0.21 | 0.33 | 0.96 | 1.39 | 1.81 | 1.79 | 2.00 | 2.39 | 7.85 | 8.31 | 8.62 | 8.21 | |
| – | – | – | 1.97 | 2.41 | 3.09 | 3.81 | 4.51 | 5.05 | 5.55 | 6.03 | 6.55 | 7.17 | 7.80 | 8.52 | 9.15 | 9.94 | 9.44 | 10.31 | 10.84 | 12.31 | 13.28 | 14.37 | 15.11 | 16.73 | 18.06 | 19.62 | 20.84 | 22.43 | 22.89 | |
| – | – | – | 1.50 | 1.50 | – | – | 2.84 | 2.27 | 2.37 | 13.63 | 13.41 | 13.49 | 13.45 | 13.43 | 13.43 | 13.91 | 12.72 | 13.10 | 13.38 | 15.02 | 16.05 | 17.15 | 16.66 | 18.43 | 19.94 | 26.61 | 27.05 | 28.41 | 28.18 | |
| – | – | – | – | – | – | – | 0.38 | 0.40 | 0.14 | 0.21 | 0.15 | 0.53 | 0.85 | 0.92 | 1.19 | 1.42 | 1.78 | 2.42 | 3.07 | 4.30 | 4.69 | 5.01 | 5.52 | 6.10 | 6.70 | 7.21 | 7.42 | 8.49 | 8.10 | |
Data as of: September 24, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.