Duolingo DUOL
NASDAQ DUOL
$154.46 -4.36 (-2.75%)
At close: Sep 4, 2026 · 4:00 PM EDT

Duolingo (DUOL) Enterprise Value (2021 - 2026)

Duolingo (DUOL) posted Enterprise Value of $9.4 billion for Q2 2026, up 18.37% on a QoQ basis from $8.0 billion in Q1 2026, and down 73.97% year-over-year from $36.3 billion in Q2 2025.

Analysis

Duolingo (DUOL) Enterprise Value (2021 - 2026) Analysis & Trends

Duolingo has reported Enterprise Value for 6 years, with the latest figure at $9.4 billion in Q2 2026.

  • On a quarterly basis, Enterprise Value fell 73.97% year-over-year to $9.4 billion in Q2 2026; TTM through Jun 2026 was $9.4 billion, a 73.97% decrease from a year earlier, with the FY2025 full-year figure at $15.1 billion, down 45.7% from the prior year.
  • Enterprise Value was $9.4 billion for Q2 2026 at Duolingo, up from $8.0 billion in the prior quarter.
  • The five-year high for Enterprise Value was $36.3 billion in Q2 2025, with the low at $3.1 billion in Q1 2022.
  • Average Enterprise Value over 5 years is $15.9 billion, with a median of $14.1 billion recorded in 2023.
  • The sharpest annual moves came in 2023 and 2026: Enterprise Value jumped 260.98% in 2023, then sank 73.97% in 2026.
  • Over 5 years, Enterprise Value stood at $5.1 billion in 2022, then surged by 260.98% to $18.3 billion in 2023, then surged by 51.88% to $27.8 billion in 2024, then plunged by 45.7% to $15.1 billion in 2025, then tumbled by 37.43% to $9.4 billion in 2026.
  • The last three Enterprise Value figures came in at $9.4 billion (Q2 2026), $8.0 billion (Q1 2026), and $15.1 billion (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Duolingo 14.45 Bn 13.13 Bn 216.74 Mn
2 Youdao 3.62 Bn 3.50 Bn 105.66 Mn
3 Coursera 1.59 Bn 604.41 Mn 173.40 Mn
4 Docebo 712.07 Mn 666.36 Mn 54.53 Mn
5 51Talk Online Education 344.94 Mn 309.51 Mn 22.97 Mn
6 iHuman 124.70 Mn -34.09 Mn 17.68 Mn
7 Nerdy 119.95 Mn 90.19 Mn 27.98 Mn
8 Chegg 94.28 Mn 21.96 Mn 28.28 Mn
9 Skillsoft 60.79 Mn -57.58 Mn 78.61 Mn
10 Sunlands Technology 39.07 Mn 38.85 Mn -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 9.44 Bn
Mar 31, 2026 7.98 Bn
Dec 31, 2025 15.09 Bn
Sep 30, 2025 28.51 Bn
Jun 30, 2025 36.28 Bn
Mar 31, 2025 27.12 Bn
Dec 31, 2024 27.80 Bn
Sep 30, 2024 23.84 Bn
Jun 30, 2024 17.23 Bn
Mar 31, 2024 18.10 Bn
Dec 31, 2023 18.30 Bn
Sep 30, 2023 13.09 Bn
Jun 30, 2023 11.11 Bn
Mar 31, 2023 11.00 Bn
Dec 31, 2022 5.07 Bn
Sep 30, 2022 7.00 Bn
Jun 30, 2022 6.28 Bn
Mar 31, 2022 3.14 Bn
Dec 31, 2021 2.91 Bn
Sep 30, 2021 5.68 Bn