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

Duolingo has reported EV to FCF for 6 years, with the latest figure at 113.61 in Q2 2026.

• On a quarterly basis, EV to FCF fell 72.59% year-over-year to 113.61 in Q2 2026; TTM through Jun 2026 was 23.04, a 79.28% decrease from a year earlier, with the FY2025 full-year figure at 40.82, down 59.85% from the prior year.
• EV to FCF was 113.61 for Q2 2026 at Duolingo, up from 53.59 in the prior quarter.
• The five-year high for EV to FCF was 1048.37 in Q3 2022, with the low at 53.59 in Q1 2026.
• Average EV to FCF over 5 years is 351.32, with a median of 346.03 recorded in 2024.
• The sharpest annual moves came in 2023 and 2026: EV to FCF surged 133.8% in 2023, then tumbled 79.39% in 2026.
• Over 5 years, EV to FCF stood at 448.06 in 2022, then slipped by 15.37% to 379.18 in 2023, then declined by 9.92% to 341.56 in 2024, then plunged by 54.23% to 156.32 in 2025, then retreated by 27.32% to 113.61 in 2026.
• The last three EV to FCF figures came in at 113.61 (Q2 2026), 53.59 (Q1 2026), and 156.32 (Q4 2025), per Business Quant data.