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Duolingo, Inc. (DUOL)
Technology · Software - Application · NasdaqGS
Duolingo, Inc. revenue & earnings — last 6 fiscal years
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $161.70M | $250.77M | $369.50M | $531.11M | $748.02M | $1.04B |
| Gross profit | $115.71M | $181.59M | $270.06M | $389.00M | $544.38M | $749.46M |
| Net income | $-15.78M | $-60.13M | $-59.57M | $16.07M | $88.57M | $414.06M |
| Net margin | -9.8% | -24.0% | -16.1% | 3.0% | 11.8% | 39.9% |
Source: Duolingo, Inc. SEC filings (10-K).
What growth is priced into DUOL stock?
At today's market cap of $5.75B, Duolingo, Inc. is priced for free-cash-flow growth of about 4.3% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $369.73M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 91.6%/yr over the last five fiscal years and revenue 45%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 6 years of Duolingo, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Duolingo, Inc. financial history by metric
About Duolingo, Inc.
Duolingo, Inc. operates as a mobile learning platform in the United States, the United Kingdom, and internationally. The company offers 250 language courses, including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese through its Duolingo app. It also provides a digital English language proficiency assessment exam. The company was incorporated in 2011 and is headquartered in Pittsburgh, Pennsylvania.
Duolingo, Inc. — frequently asked questions
What is Duolingo, Inc.'s revenue?
Duolingo, Inc. (DUOL) reported revenue of $1.04B for fiscal year 2025, up 38.7% from the prior year, according to its SEC filings.
Is Duolingo, Inc. profitable?
Yes. DUOL earned net income of $414.06M in fiscal 2025, a net margin of 39.9%.
What is DUOL's P/E ratio?
Duolingo, Inc. trades at a price-to-earnings ratio of about 14.1 based on the latest data in our nightly-refreshed cache.
How fast is Duolingo, Inc. growing?
DUOL's revenue grew at roughly 45.0% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Duolingo, Inc. have?
As of fiscal year 2025, DUOL carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Duolingo, Inc.'s gross margin?
DUOL's gross margin was 72.2% in fiscal 2025 — gross profit of $749.46M on revenue of $1.04B.
What is Duolingo, Inc.'s market cap?
Duolingo, Inc. (DUOL) has a market capitalization of about $5.75B, based on the latest data in our nightly-refreshed cache.
When does Duolingo, Inc.'s fiscal year end?
DUOL's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into DUOL stock?
At today's market cap of $5.75B, Duolingo, Inc. is priced for free-cash-flow growth of about 4.3% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $369.73M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 91.6%/yr over the last five fiscal years and revenue 45%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Duolingo, Inc.'s official SEC filings (10-K and 10-Q), covering 6 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.