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Duolingo, Inc.

DUOLTechnologyNASDAQ

Software - Application

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Financials · Annual
Revenue
$1.04B
+38.7% YoY
Net Income
$414.1M
+367.5% YoY
EBITDA
$150.0M
+104.2% YoY
Free Cash Flow
$312.5M

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About Duolingo, Inc.

Duolingo, Inc. operates as a mobile learning platform in the United States, the United Kingdom, and internationally. The $5.19B market capitalization puts DUOL squarely in mid-cap range for its industry. The company offers 250 language courses, including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese through its Duolingo app.

Key stats
Market Cap$5.19B
P/E (TTM)12.74
Fwd P/E14.05
EPS$8.74
Beta0.90
52W Change-78.9%
ROE37.0%
Analysis

Duolingo, Inc. holds $1.25B in cash against $91.9M in total debt, giving it a net cash position. This means the company could theoretically pay off all its debt and still have cash remaining. Free cash flow comes in at $312.5M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. Return on equity stands at 37.0%, which is exceptionally high for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. An ROA of 5.9% suggests reasonable efficiency in deploying the company's asset base. Revenue has grown from $250.8M (2021) to $1.04B (2025), reflecting a 314% increase over the period.

The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. No single metric tells the full story. Reviewing DUOL's risk profile alongside its fundamentals and technical indicators provides a more complete picture.

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