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

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

Historic Data

Download Data
DateValue
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