Duolingo (DUOL) EV to FCF (2021 - 2026)
Duolingo's EV to FCF was 23.15 in Q2 2026, down 79.1% from 110.53 a year earlier but up 20.7% from the prior quarter.
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Analysis
Duolingo (DUOL) EV to FCF (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, Duolingo's EV to FCF was 14.54 through Jun 30, 2026, down 85.8% year-over-year; for FY2025, it came in at 40.82, down 59.9% from FY2024.
- In earlier years, EV to FCF was 101.67 in FY2024 (-16.4%), 121.67 in FY2023 (+15.4%), 105.42 in FY2022 (-79.8%) and 521.76 in FY2021.
- Quarterly EV to FCF has moved between 19.18 (Q1 2026) and 665.33 (Q3 2021) over five years.
- Compared with a year earlier, EV to FCF has declined for four straight quarters, with an average decline of 27.6% over the last eight quarters.
- The best year-over-year quarter for EV to FCF over five years was Q2 2025 (growth of 43.8%); the worst was Q4 2022 (a decline of 79.8%).
- Per Business Quant data, DUOL's EV to FCF in the three quarters before Q2 2026 was 19.18 (Q1 2026), 40.82 (Q4 2025) and 80.40 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - |
| 2 | Veeva Systems | 46.20 Bn | 18.45 Bn | 695.95 Mn |
| 3 | Samsara | 22.32 Bn | 19.09 Bn | 392.58 Mn |
| 4 | Toast | 16.73 Bn | 9.40 Bn | 516.00 Mn |
| 5 | Ptc | 15.53 Bn | 14.35 Bn | 490.47 Mn |
| 6 | Duolingo | 13.32 Bn | 8.49 Bn | 216.74 Mn |
| 7 | Trimble | 13.32 Bn | 12.38 Bn | 674.90 Mn |
| 8 | Manhattan Associates | 11.58 Bn | 10.58 Bn | 168.33 Mn |
| 9 | Costar | 11.10 Bn | 5.07 Bn | 728.00 Mn |
| 10 | Bentley Systems | 9.64 Bn | 9.10 Bn | 336.74 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.15 |
| Mar 31, 2026 | 19.18 |
| Dec 31, 2025 | 40.82 |
| Sep 30, 2025 | 80.40 |
| Jun 30, 2025 | 110.53 |
| Mar 31, 2025 | 91.75 |
| Dec 31, 2024 | 101.67 |
| Sep 30, 2024 | 99.21 |
| Jun 30, 2024 | 76.88 |
| Mar 31, 2024 | 88.90 |
| Dec 31, 2023 | 121.67 |
| Sep 30, 2023 | 115.38 |
| Jun 30, 2023 | 133.41 |
| Mar 31, 2023 | 190.57 |
| Dec 31, 2022 | 105.42 |
| Sep 30, 2022 | 190.89 |
| Jun 30, 2022 | 187.94 |
| Mar 31, 2022 | 152.39 |
| Dec 31, 2021 | 521.76 |
| Sep 30, 2021 | 665.33 |
API Access
Duolingo EV to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=DUOL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "ticker": "DUOL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=DUOL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();