Duolingo (DUOL) EV to EBITDA (2021 - 2026)

Duolingo has reported EV to EBITDA for 6 years, with the latest figure at 278.21 in Q2 2026.

• On a quarterly basis, EV to EBITDA fell 74.42% year-over-year to 278.21 in Q2 2026; TTM through Jun 2026 was 60.12, a 86.01% decrease from a year earlier, with the FY2025 full-year figure at 111.33, down 74.93% from the prior year.
• EV to EBITDA was 278.21 for Q2 2026 at Duolingo, up from 179.17 in the prior quarter.
• The five-year high for EV to EBITDA was 3817.01 in Q4 2023, with the low at 2803.5 in Q3 2023.
• Average EV to EBITDA over 5 years is 320.17, with a median of 312.77 recorded in 2026.
• The largest YoY upside for EV to EBITDA was 1466.54% in 2023 against a maximum downside of 707.13% in 2023.
• Over 5 years, EV to EBITDA stood at 279.32 in 2022, then surged by 1466.54% to 3817.01 in 2023, then tumbled by 47.54% to 2002.4 in 2024, then plunged by 82.65% to 347.33 in 2025, then retreated by 19.9% to 278.21 in 2026.
• The last three EV to EBITDA figures came in at 278.21 (Q2 2026), 179.17 (Q1 2026), and 347.33 (Q4 2025), per Business Quant data.