Growth Metrics

Duolingo (DUOL) Equity Ratio (2020 - 2025)

Duolingo has reported Equity Ratio over the past 6 years, most recently at 0.68 for Q4 2025.

  • Quarterly results put Equity Ratio at 0.68 for Q4 2025, up 6.74% from a year ago — trailing twelve months through Dec 2025 was 0.68 (up 6.74% YoY), and the annual figure for FY2025 was 0.68, up 6.74%.
  • Equity Ratio for Q4 2025 was 0.68 at Duolingo, down from 0.69 in the prior quarter.
  • Over the last five years, Equity Ratio for DUOL hit a ceiling of 0.83 in Q3 2021 and a floor of 0.52 in Q2 2021.
  • Median Equity Ratio over the past 5 years was 0.69 (2025), compared with a mean of 0.64.
  • Biggest five-year swings in Equity Ratio: soared 268.97% in 2021 and later decreased 9.53% in 2022.
  • Duolingo's Equity Ratio stood at 0.78 in 2021, then fell by 6.51% to 0.73 in 2022, then dropped by 5.27% to 0.69 in 2023, then dropped by 7.82% to 0.63 in 2024, then increased by 6.74% to 0.68 in 2025.
  • The last three reported values for Equity Ratio were 0.68 (Q4 2025), 0.69 (Q3 2025), and 0.63 (Q2 2025) per Business Quant data.