Duolingo (DUOL) Net Cash Flow (2020 - 2026)
Duolingo (DUOL) posted Net Cash Flow of $42.33 million for Q2 2026, down 54.1% from $92.24 million a year earlier and down 58.6% from the prior quarter.
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Analysis
Duolingo (DUOL) Net Cash Flow (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Cash Flow at Duolingo was $204.66 million, up 132.6% year-over-year; for FY2025, it was $250.6 million, up 556.3% from FY2024.
- Annual Net Cash Flow shows a five-year compound annual growth rate of 32.8% (FY2020 to FY2025).
- In prior years, Duolingo's Net Cash Flow was $38.18 million in FY2024 (-73.1%), $142.17 million in FY2023 (+162.0%), $54.26 million in FY2022 (-87.5%) and $433.43 million in FY2021 (+614.7%).
- Quarterly Net Cash Flow has run from a low of -$68.62 million in Q4 2024 to a high of $434.8 million in Q3 2021 over five years.
- On a year-over-year basis, Net Cash Flow increased in three of the last four quarters, with growth averaging 6.8%.
- The strongest year-over-year quarter for Net Cash Flow in the past five years was Q4 2023, with growth of 491.8%; the weakest was Q3 2022, with a decline of 98.0%.
- According to Business Quant data, Net Cash Flow for the three prior quarters was $102.17 million (Q1 2026), $24.85 million (Q4 2025) and $35.31 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | NCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn | -84.14 Mn |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn | 74.21 Mn |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn | -108.00 Mn |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn | -84.09 Mn |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | -16.40 Mn |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn | 42.33 Mn |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn | -37.41 Mn |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn | -49.00 Mn |
| 10 | Bentley Systems | 9.44 Bn | 8.90 Bn | 336.74 Mn | 43.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 42.33 Mn |
| Mar 31, 2026 | 102.17 Mn |
| Dec 31, 2025 | 24.85 Mn |
| Sep 30, 2025 | 35.31 Mn |
| Jun 30, 2025 | 92.24 Mn |
| Mar 31, 2025 | 98.21 Mn |
| Dec 31, 2024 | -68.62 Mn |
| Sep 30, 2024 | -33.83 Mn |
| Jun 30, 2024 | 58.53 Mn |
| Mar 31, 2024 | 82.10 Mn |
| Dec 31, 2023 | 48.61 Mn |
| Sep 30, 2023 | 23.07 Mn |
| Jun 30, 2023 | 37.57 Mn |
| Mar 31, 2023 | 32.91 Mn |
| Dec 31, 2022 | 8.21 Mn |
| Sep 30, 2022 | 8.81 Mn |
| Jun 30, 2022 | 13.83 Mn |
| Mar 31, 2022 | 23.41 Mn |
| Dec 31, 2021 | 4.48 Mn |
| Sep 30, 2021 | 434.80 Mn |
API Access
Duolingo Net Cash Flow 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=net-cash-flow&ticker=DUOL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-cash-flow", "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=net-cash-flow&ticker=DUOL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();