Duolingo (DUOL) EV to CFO (2021 - 2026)
Duolingo (DUOL) posted EV to CFO of 107.0 for Q2 2026, up 102.21% on a QoQ basis from 52.92 in Q1 2026, and down 73.26% year-over-year from 400.14 in Q2 2025.
Analysis
Duolingo (DUOL) EV to CFO (2021 - 2026) Analysis & Trends
Duolingo has reported EV to CFO for 6 years, with the latest figure at 107.0 in Q2 2026.
- On a quarterly basis, EV to CFO fell 73.26% year-over-year to 107.0 in Q2 2026; TTM through Jun 2026 was 21.93, a 79.69% decrease from a year earlier, with the FY2025 full-year figure at 38.92, down 60.03% from the prior year.
- EV to CFO was 107.0 for Q2 2026 at Duolingo, up from 52.92 in the prior quarter.
- The five-year high for EV to CFO was 799.53 in Q3 2022, with the low at 52.92 in Q1 2026.
- Average EV to CFO over 5 years is 323.39, with a median of 335.96 recorded in 2025.
- The sharpest annual moves came in 2022 and 2023: EV to CFO tumbled 93.52% in 2022, then soared 144.13% in 2023.
- Over 5 years, EV to CFO stood at 436.78 in 2022, then retreated by 14.82% to 372.06 in 2023, then retreated by 10.36% to 333.52 in 2024, then tumbled by 57.82% to 140.69 in 2025, then fell by 23.94% to 107.0 in 2026.
- The last three EV to CFO figures came in at 107.0 (Q2 2026), 52.92 (Q1 2026), and 140.69 (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 | 107.00 |
| Mar 31, 2026 | 52.92 |
| Dec 31, 2025 | 140.69 |
| Sep 30, 2025 | 338.40 |
| Jun 30, 2025 | 400.14 |
| Mar 31, 2025 | 256.79 |
| Dec 31, 2024 | 333.52 |
| Sep 30, 2024 | 423.67 |
| Jun 30, 2024 | 276.15 |
| Mar 31, 2024 | 216.73 |
| Dec 31, 2023 | 372.06 |
| Sep 30, 2023 | 347.74 |
| Jun 30, 2023 | 298.87 |
| Mar 31, 2023 | 371.55 |
| Dec 31, 2022 | 436.78 |
| Sep 30, 2022 | 799.53 |
| Jun 30, 2022 | 496.24 |
| Mar 31, 2022 | 152.19 |
| Dec 31, 2021 | 6,744.28 |
| Sep 30, 2021 | 1,259.12 |