Duolingo reported a gross margin of 72.62% and a net margin of 11.11% for the quarter ended Jun 2026. These financial ratios cover 25 quarters of results from Jun 2020 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | |||||||||||||||||||||||||
| Gross Margin | 71.57% | 72.67% | 73.54% | 72.99% | 72.62% | 73.25% | 72.77% | 73.36% | 73.66% | 73.13% | 73.03% | 73.45% | 72.91% | 71.88% | 71.12% | 72.38% | 72.47% | 72.78% | 72.99% | 72.62% | |||||
| EBT Margin | -45.47% | -23.84% | -14.93% | -16.86% | -19.15% | -12.73% | -2.33% | 1.90% | 2.13% | 10.02% | 15.43% | 16.10% | 13.18% | 10.67% | 15.17% | 18.41% | 17.09% | 19.27% | 19.03% | 15.20% | |||||
| EBIT Margin | -45.13% | -23.85% | -14.59% | -17.01% | -20.99% | -17.48% | -7.37% | -3.84% | -3.39% | 3.18% | 9.81% | 10.49% | 7.05% | 6.62% | 10.23% | 13.23% | 12.94% | 15.36% | 15.25% | 11.37% | |||||
| EBITDA Margin | -45.13% | -23.85% | -14.59% | -17.01% | -20.99% | -17.48% | -7.37% | -3.84% | -3.39% | 3.18% | 9.81% | 10.49% | 7.05% | 6.62% | 10.23% | 13.23% | 12.94% | 15.36% | 15.25% | 11.37% | |||||
| Operating Margin | -45.13% | -23.85% | -14.59% | -17.01% | -20.99% | -17.48% | -7.37% | -3.84% | -3.39% | 3.18% | 9.81% | 10.49% | 7.05% | 6.62% | 10.23% | 13.23% | 12.94% | 15.36% | 15.25% | 11.37% | |||||
| Net Margin | -45.55% | -23.99% | -14.96% | -17.02% | -19.20% | -13.42% | -2.23% | 2.94% | 2.04% | 8.03% | 16.09% | 13.66% | 12.13% | 6.64% | 15.23% | 17.75% | 107.54% | 14.83% | 14.89% | 11.11% | |||||
| FCF Margin | 5.39% | -0.12% | 23.76% | 12.22% | 6.95% | 10.90% | 25.01% | 28.65% | 26.81% | 31.97% | 49.00% | 31.87% | 27.57% | 38.84% | 45.21% | 34.69% | 29.93% | 34.13% | 50.99% | 27.85% | |||||
| Efficiency | |||||||||||||||||||||||||
| Assets AverageAssets Avg. | 0.40B | 0.64B | 0.67B | 0.69B | 0.71B | 0.73B | 0.77B | 0.81B | 0.85B | 0.91B | 1.01B | 1.10B | 1.18B | 1.26B | 1.35B | 1.47B | 1.71B | 1.94B | 2.03B | 2.07B | |||||
| Asset Utilization RatioAsset Util. | 0.57 | 0.39 | 0.41 | 0.44 | 0.48 | 0.51 | 0.53 | 0.54 | 0.57 | 0.58 | 0.58 | 0.57 | 0.58 | 0.59 | 0.60 | 0.60 | 0.56 | 0.54 | 0.54 | 0.55 | |||||
| Valuation | |||||||||||||||||||||||||
| Price to EarningsP/E | -215.03 | -197.95 | -305.79 | -456.93 | -412.20 | -407.64 | -0.00B | 0.00B | 0.00B | 0.00B | 702.24 | 743.98 | 0.00B | 0.00B | 800.45 | 834.74 | 101.40 | 386.93 | 212.37 | 324.44 | |||||
| Price to SalesP/S | 97.95 | 47.49 | 45.76 | 77.78 | 79.15 | 54.69 | 100.64 | 92.93 | 100.23 | 126.17 | 112.98 | 101.59 | 128.35 | 136.84 | 121.88 | 148.18 | 109.04 | 57.39 | 31.61 | 36.05 | |||||
| Price to BookP/B | 12.20 | 6.76 | 7.14 | 13.01 | 14.24 | 10.48 | 20.60 | 19.76 | 22.44 | 29.06 | 26.62 | 23.62 | 30.06 | 34.78 | 31.46 | 38.26 | 22.66 | 12.05 | 6.63 | 7.63 | |||||
| Enterprise Value | 5.68B | 2.91B | 3.14B | 6.28B | 7.00B | 5.07B | 11.00B | 11.11B | 13.09B | 18.30B | 18.10B | 17.23B | 23.84B | 27.80B | 27.12B | 36.28B | 28.51B | 15.09B | 7.98B | 9.44B | |||||
| EV to EBIT | -197.91 | -167.30 | -264.99 | -417.94 | -347.34 | -279.32 | -0.00B | -0.00B | -0.00B | 0.00B | 0.00B | 921.31 | 0.00B | 0.00B | 0.00B | 0.00B | 810.80 | 347.33 | 179.17 | 278.21 | |||||
| EV to EBITDA | -197.91 | -167.30 | -264.99 | -417.94 | -347.34 | -279.32 | -0.00B | -0.00B | -0.00B | 0.00B | 0.00B | 921.31 | 0.00B | 0.00B | 0.00B | 0.00B | 810.80 | 347.33 | 179.17 | 278.21 | |||||
| Market Capitalization | 6.23B | 3.47B | 3.72B | 6.87B | 7.60B | 5.68B | 11.64B | 11.79B | 13.79B | 19.05B | 18.93B | 18.12B | 24.72B | 28.67B | 28.12B | 37.38B | 29.63B | 16.23B | 9.23B | 10.76B | |||||
| Price to FCFP/FCF | 0.00B | -0.00B | 192.57 | 636.65 | 0.00B | 501.80 | 402.46 | 324.34 | 373.91 | 394.67 | 230.57 | 318.81 | 465.62 | 352.35 | 269.59 | 427.10 | 364.28 | 168.13 | 62.00 | 129.42 | |||||
| EV to FCF | 0.00B | -0.00B | 162.66 | 581.90 | 0.00B | 448.06 | 380.30 | 305.67 | 354.89 | 379.18 | 220.46 | 303.18 | 449.03 | 341.56 | 260.01 | 414.56 | 350.50 | 156.32 | 53.59 | 113.61 | |||||
| EV to CFO | 0.00B | 0.00B | 152.19 | 496.24 | 799.53 | 436.78 | 371.55 | 298.87 | 347.74 | 372.06 | 216.73 | 276.15 | 423.67 | 333.52 | 256.79 | 400.14 | 338.40 | 140.69 | 52.92 | 107.00 | |||||
| Return Ratios | |||||||||||||||||||||||||
| Return on Sales [ROS]ROS | -45.13% | -23.85% | -14.59% | -17.01% | -20.99% | -17.48% | -7.37% | -3.84% | -3.39% | 3.18% | 9.81% | 10.49% | 7.05% | 6.62% | 10.23% | 13.23% | 12.94% | 15.36% | 15.25% | 11.37% | |||||
| Return on Capital Employed [ROCE]ROCE | -17.66% | -11.53% | -10.88% | -13.38% | -11.68% | -11.88% | -10.93% | -8.68% | -5.86% | -2.09% | 1.65% | 4.48% | 6.39% | 7.47% | 7.77% | 8.43% | 8.62% | 9.77% | 10.79% | 10.56% | |||||
| Return on Assets [ROA]ROA | -13.27% | -9.40% | -8.74% | -10.64% | -8.93% | -8.15% | -6.50% | -3.84% | -1.17% | 1.76% | 4.51% | 6.00% | 7.36% | 7.03% | 7.15% | 7.96% | 22.52% | 21.36% | 20.86% | 19.88% |