Skip to main content
DUOL logo

DUOL

Duolingo, Inc.
$124.76 -5.19 (-3.99%) At close · Jul 10
Market Cap
$5.81B
Shares
46,593,117

Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.

Revenue
$1.04B +38.7%
FY2025 Revenue FY2020–FY2025
Net Income
$414.07M +367.5%
FY2025 Net Income FY2020–FY2025
Gross Margin
72.23% -0.6pp
FY2025 Gross Margin FY2020–FY2025
Operating Margin
13.07% +4.7pp
FY2025 Operating Margin FY2020–FY2025
Diluted EPS
$8.57 +355.9%
FY2025 Diluted EPS FY2020–FY2025
Operating Cash Flow
$387.82M +35.8%
FY2025 Operating Cash Flow FY2020–FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Line Item TTM FY2025 FY2024 FY2023 FY2022 FY2021 FY2020
$1.1B $1.04B $748.02M $531.11M $369.5M $250.77M $161.7M
$300.36M $288.13M $203.65M $142.11M $99.43M $69.19M $45.99M
$798.46M $749.46M $544.38M $389M $270.06M $181.59M $115.71M
72.23% 72.78% 73.24% 73.09% 72.41% 71.56%
$318.91M $306.32M $235.3M $194.35M $150.44M $103.83M $53.02M
$138.26M $125.68M $90.49M $75.79M $66.97M $59.17M $34.98M
$184.78M $181.89M $155.99M $132.12M $117.85M $78.59M $43.71M
$14.39M $10.85M $7.1M $4.87M $2.73M $2.26M
$641.95M $613.89M $481.78M $402.26M $335.26M $241.59M $131.72M
$156.5M $135.57M $62.6M -$13.26M -$65.2M -$60.01M -$16.01M
13.07% 8.37% -2.5% -17.64% -23.93% -9.9%
$149.96M $73.45M -$6.16M -$60.33M -$57.28M -$13.76M
-$178K $1.61M -$2.99M -$55K -$676K $30K $72K
$202.95M $182.41M $102.31M $17.78M -$58.64M -$59.96M -$15.71M
-$219.44M -$231.66M $13.73M $1.71M $938K $177K $68K
$422.39M $414.07M $88.57M $16.07M -$59.57M -$60.14M -$15.78M
39.91% 11.84% 3.03% -16.12% -23.98% -9.76%
$422.39M $414.07M $88.57M $16.07M -$59.57M -$60.14M -$15.78M
USD/shares $9.05 $2.04 $0.39 -$1.51 -$2.57 -$1.24
USD/shares $8.57 $1.88 $0.35 -$1.51 -$2.57 -$1.24
shares 39.47M 23.43M 12.74M
shares 48.31M 47.1M 46.52M 39.47M 23.43M 12.74M
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2020–FY2023: $868K in buybacks.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against the industry, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue
Software - Application median 3.07×
EV/EBIT
Software - Application median 19.54×
P/E (TTM)
14.27×
Software - Application median 25.48×

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Geography (USD)

Component 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Non Us $645,375,000 $436,485,000 $292,350,000
United States $392,214,000 $311,539,000 $238,759,000 $168,320,000 $109,163,000 $70,978,000
United Kingdom $25,163,000 $15,245,000
All Countries Minus USA and UK $201,175,000 $116,446,000 $75,473,000

By Product & Service (USD)

Component 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
License And Service $873,442,000 $607,531,000 $404,684,000 $273,507,000 $180,698,000 $117,501,000
Product And Service Other $164,147,000 $140,493,000 $126,425,000 $95,988,000 $6,915,000 $1,997,000
Advertising $79,725,000 $54,907,000 $49,858,000 $44,731,000 $38,501,000 $27,043,000
English Test $42,006,000 $45,640,000 $41,212,000 $32,718,000 $24,658,000 $15,155,000
IAPs $40,479,000 $38,653,000 $34,673,000
Product and Service Other Miscellaneous $1,937,000 $1,293,000 $682,000 $625,000
In-App Purchases $38,653,000 $34,673,000 $17,914,000
Key facts CIK 1562088 CUSIP 26603R106 13F (30d) 31 filings 18 filers Visit website Investor relations