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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |