Duolingo Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019
Period Ending	Aug '25 Aug 15, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019
Market Capitalization	14,981	14,261	9,531	2,857	3,976	-	Upgrade
Market Cap Growth	107.12%	49.63%	233.56%	-28.14%	-	-	Upgrade
Enterprise Value	13,979	13,438	8,855	2,286	3,437	-	Upgrade
Last Close Price	326.93	324.23	226.85	71.13	106.11	-	Upgrade
PE Ratio	133.12	161.01	593.19	-	-	-	Upgrade
Forward PE	83.32	122.92	-	-	-	-	Upgrade
PS Ratio	16.50	19.07	17.95	7.73	15.86	-	Upgrade
PB Ratio	15.32	17.30	14.54	5.27	7.75	-	Upgrade
P/TBV Ratio	15.83	17.96	15.00	5.40	7.82	-	Upgrade
P/FCF Ratio	45.63	52.16	63.36	59.41	712.07	-	Upgrade
P/OCF Ratio	44.60	49.95	62.04	53.25	433.61	-	Upgrade
EV/Sales Ratio	15.79	17.96	16.67	6.19	13.70	-	Upgrade
EV/EBITDA Ratio	140.29	179.98	-	-	-	-	Upgrade
EV/EBIT Ratio	162.40	210.60	-	-	-	-	Upgrade
EV/FCF Ratio	42.59	49.15	58.87	47.54	615.45	-	Upgrade
Debt / Equity Ratio	0.10	0.07	0.04	0.05	0.06	0.09	Upgrade
Debt / EBITDA Ratio	0.88	0.67	12.95	-	-	-	Upgrade
Debt / FCF Ratio	0.30	0.21	0.17	0.59	5.81	0.65	Upgrade
Asset Turnover	0.66	0.66	0.62	0.53	0.60	1.19	Upgrade
Quick Ratio	2.57	2.39	3.02	3.60	4.93	2.15	Upgrade
Current Ratio	2.81	2.61	3.24	3.84	5.20	2.41	Upgrade
Return on Equity (ROE)	13.44%	11.97%	2.68%	-11.29%	-19.56%	-20.27%	Upgrade
Return on Assets (ROA)	4.01%	3.54%	-0.95%	-5.79%	-8.96%	-7.39%	Upgrade
Return on Capital (ROIC)	5.67%	5.10%	-1.29%	-7.30%	-11.42%	-11.43%	Upgrade
Return on Capital Employed (ROCE)	8.00%	7.30%	-	-	-	-	Upgrade
Earnings Yield	0.78%	0.62%	0.17%	-2.08%	-1.51%	-	Upgrade
FCF Yield	2.19%	1.92%	1.58%	1.68%	0.14%	-	Upgrade
Buyback Yield / Dilution	-1.53%	-1.24%	-17.87%	-68.44%	-84.00%	-	Upgrade

Updated May 2, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q