Duolingo Ratios (2020-2025) | DUOL

Ratios Jun2020 Sep2020 Dec2020 Mar2021 Jun2021 Sep2021 Dec2021 Mar2022 Jun2022 Sep2022 Dec2022 Mar2023 Jun2023 Sep2023 Dec2023 Mar2024 Jun2024 Sep2024 Dec2024 Mar2025 Jun2025 Sep2025
Profitability
Gross Margin 70.78%71.08%73.35%72.87%72.56%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%
EBT Margin -7.90%-6.96%-21.51%-24.30%-0.30%-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%
EBIT Margin -8.73%-6.77%-21.90%-24.23%-0.81%-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%
EBITDA Margin -7.94%-7.01%-21.56%-24.34%-0.30%-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%
Operating Margin -8.73%-6.77%-21.90%-24.23%-0.81%-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%
Net Margin -7.94%-7.01%-21.56%-24.34%-0.30%-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%
FCF Margin 1.07%5.93%7.56%-3.29%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%35.47%29.21%
Efficiency
Assets Average 0.40B0.64B0.67B0.69B0.71B0.73B0.77B0.81B0.85B0.91B1.01B1.10B1.18B1.26B1.35B1.47B1.71B
Equity Average 0.21B0.51B0.52B0.52B0.53B0.54B0.55B0.58B0.61B0.64B0.68B0.74B0.79B0.82B0.86B0.94B1.14B
Invested Capital -0.08B-0.09B0.51B0.51B0.52B0.53B0.53B0.54B0.57B0.60B0.61B0.66B0.71B0.77B0.82B0.82B0.89B0.98B1.31B
Asset Utilization Ratio 0.570.390.410.440.480.510.530.540.570.580.580.570.580.590.600.600.56
Leverage & Solvency
Equity Ratio -0.46-0.520.830.780.760.750.750.730.720.710.710.690.670.670.670.630.640.630.69
Valuation
Enterprise Value -0.12B-0.11B5.68B3.42B3.10B2.84B3.17B2.25B5.15B5.19B6.19B8.78B8.63B8.11B11.40B13.38B13.05B17.54B13.63B
Market Capitalization 6.22B3.98B3.67B3.43B3.77B2.86B5.79B5.87B6.89B9.53B9.46B9.00B12.28B14.26B14.05B18.64B14.75B
Return Ratios
Return on Sales -0.17%-0.13%-0.23%-0.24%-0.21%-0.24%-0.19%-0.16%-0.12%-0.07%-0.02%0.03%0.08%0.10%0.13%0.12%0.12%0.13%0.40%
Return on Capital Employed -0.18%-0.12%-0.11%-0.13%-0.12%-0.12%-0.11%-0.09%-0.06%-0.02%0.02%0.04%0.06%0.07%0.08%0.08%0.09%
Return on Invested Capital -0.09%-0.06%-0.02%0.02%0.04%0.06%0.07%0.07%0.08%
Return on Assets -0.13%-0.09%-0.09%-0.11%-0.09%-0.08%-0.07%-0.04%-0.01%0.02%0.05%0.06%0.07%0.07%0.07%0.08%0.23%
Return on Equity -0.25%-0.12%-0.11%-0.14%-0.12%-0.11%-0.09%-0.05%-0.02%0.03%0.07%0.09%0.11%0.11%0.11%0.13%0.34%