SuperworthDuolingo DUOL
- Market cap
- $6.7B
- PE
- n/m
- one or more of the four quarters through 2026-06-30 missing
- Forward PE
- n/m
- not a meaningful number
- Price to sales
- 5.8×
- EV/EBIT
- 34.7×
- Revenue, 12 months
- $1.1B
- +29% on a year ago
- Net margin
- 35.9%
- Free cash flow yield
- 6.1%
Duolingo trades at 5.8× sales. Revenue was $1.1B over the last twelve months, up 29% on a year earlier with a 36% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $137.6M+43% | $151M+45% | $167.6M+45% | $178.3M+41% | $192.6M+40% | $209.6M+39% | $230.7M+38% | $252.3M+42% | $271.7M+41% | $282.9M+35% | $292M+27% | $298.5M+18% | |
| Cost of revenue | $36.3M+38% | $40.6M+46% | $45.2M+44% | $47.3M+40% | $52.2M+44% | $58.9M+45% | $66.6M+48% | $69.7M+47% | $74.8M+43% | $77M+31% | $78.9M+18% | $81.7M+17% |
| Gross profit | $101.4M+45% | $110.4M+45% | $122.4M+45% | $131M+41% | $140.4M+39% | $150.6M+36% | $164.1M+34% | $182.6M+39% | $196.9M+40% | $205.9M+37% | $213.1M+30% | $216.7M+19% |
| R&D | $50.3M+20% | $50.3M+13% | $50.9M+11% | $55.1M+15% | $62.9M+25% | $66.4M+32% | $70.4M+38% | $73.7M+34% | $82.7M+32% | $79.6M+20% | $83M+18% | $92.2M+25% |
| SG&A | $55.7M+16% | $55.4M+11% | $55M+18% | $57.1M+14% | $64M+15% | $70.3M+27% | $70.1M+27% | $75.5M+32% | $79M+24% | $82.9M+18% | $85.6M+22% | $90.6M+20% |
| −$4.7M−77% | $4.8M | $16.4M | $18.7M | $13.6M | $13.9M+190% | $23.6M+44% | $33.4M+78% | $35.2M+159% | $43.5M+213% | $44.5M+89% | $33.9M+2% | |
| Pre-tax income | $2.9M | $15.1M | $25.9M | $28.7M+1092% | $25.4M+766% | $22.4M+48% | $35M+35% | $46.5M+62% | $46.4M+83% | $54.5M+144% | $55.6M+59% | $45.4M−2% |
| $125K+136% | $3M+321% | −$1.1M+853% | $4.4M | $2M+1523% | $8.4M+180% | −$125K−89% | $1.7M−62% | −$245.7M | $12.5M+49% | $12.1M | $12.2M+632% | |
| Net income | $2.8M | $12.1M | $27M | $24.4M+554% | $23.4M+732% | $13.9M+15% | $35.1M+30% | $44.8M+84% | $292.2M+1151% | $42M+202% | $43.5M+24% | $33.2M−26% |
| $0.06 | $0.26 | $0.57 | $0.51+538% | $0.49+717% | $0.30+15% | $0.72+26% | $0.91+78% | $5.95+1114% | n/a | $0.89+24% | $0.66−28% | |
| 46.9M+18% | 46.8M+16% | 47.4M+17% | 47.8M+2% | 48M+2% | n/a | 48.5M+2% | 49M+3% | 49.1M+2% | n/a | 49M+1% | 50M+2% |
Revenue: Q1 FY20 and Q1 FY21: 6 months less the 3 months printed beside them.
Cost of revenue: Q1 FY20 and Q1 FY21: 6 months less the 3 months printed beside them.
Gross profit: Q1 FY20 and Q1 FY21: 6 months less the 3 months printed beside them.
R&D: Q1 FY20 and Q1 FY21: 6 months less the 3 months printed beside them.
SG&A: Q1 FY20 and Q1 FY21: 6 months less the 3 months printed beside them.
Operating income: Q1 FY20 and Q1 FY21: 6 months less the 3 months printed beside them.
Pre-tax income: Q1 FY20 and Q1 FY21: 6 months less the 3 months printed beside them.
Income tax: Q1 FY20 and Q1 FY21: 6 months less the 3 months printed beside them.
Net income: Q1 FY20 and Q1 FY21: 6 months less the 3 months printed beside them.
EPS, diluted: 6 periods, Q1 FY20 to Q4 FY23: quarter's net income to common over its shares, to the cent. Q4 FY24: quarter's net income to common over its shares, to the cent, the shares from counts implied by EPS, near the year's EPS less the nine months'.
Diluted shares: Q1 FY20: share-days: the 6-month average less the second quarter's. 3 periods, Q4 FY20 to Q4 FY22: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days. Q4 FY23: share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Peers
Companies in Software - Infrastructure nearest Duolingo's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| DUOLDuolingo | $6.7B | n/m | 168× | 5.8× | +29% | 35.9% | |
| OTEXOpen Text | $6.8B | 10.8× | 37.6× | 1.3× | +2% | 12.3% | |
| CVLTCommvault Systems | $7B | 108× | 94.4× | 5.8× | +15% | 5.6% | |
| YOUClear Secure | $6.1B | 30.9× | 30.3× | 6.1× | +20% | 14.8% | |
| SAICScience Applications International | $6.1B | 17.0× | 19.7× | 0.8× | −1% | 5.1% | |
| PATHUiPath | $7.4B | 21.1× | 25.2× | 4.3× | +15% | 21.0% | |
| APPFAppfolio | $7.5B | 48.1× | 79.4× | 7.2× | +21% | 15.1% | |
| QLYSQualys | $7.5B | 37.5× | 50.1× | 10.7× | +10% | 29.4% | |
| BOXBox | $5.9B | 62.6× | 40.7× | 4.8× | +10% | 10.6% | |
| ACIWACI Worldwide | $5.6B | 25.6× | 32.6× | 3.1× | +7% | 12.4% | |
| WAYWaystar | $5.5B | 41.2× | 45.6× | 4.6× | +19% | 11.2% | |
| Peer median | $6.5B | 34.2× | 39.1× | 4.7× | +13% | 12.3% |
Investors who own it
Investors we follow who held Duolingo at the end of Jun 30, 2026, from their 13F filings.
- Baillie GiffordBaillie Gifford0.5% of portfoliotrimmed
- Reinhart PartnersReinhart Partners0.1% of portfoliotrimmed
More on Duolingo
Each number over time
- PE ratio
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
Its groups
About
- Industry
- Software - Infrastructure
- Sector
- Technology
Valuation data, not investment advice. Prices as of .