Duolingo Financial Ratios
NASDAQ: DUOLTechnologyComputer Software: Prepackaged SoftwareUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Duolingo ratio analysis
Duolingo earned a net margin of 39.9% in FY 2025, up from 11.8% a year earlier. Gross margin was 72.2% compared with a median of 72.8% over the prior 5 years. Return on equity reached 30.7%, meaning Duolingo generated 0.31 dollars of profit for every dollar of shareholders' equity.
At the end of FY 2025, DUOL traded at 20.6 times earnings; across the 3 fiscal years shown, its year-end P/E ranged from 20.6 to 648.1, with a median of 180.9. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Duolingo financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 20.59 | 180.88 | 648.14 | — | — | — |
| Price / sales | — | — | — | 7.60 | 9.92 | — |
| Price / book | — | — | — | 5.18 | 4.85 | — |
| Gross margin | 72.2% | 72.8% | 73.2% | 73.1% | 72.4% | 71.6% |
| Operating margin | 13.1% | 8.4% | -2.5% | -17.6% | -23.9% | -9.9% |
| Net margin | 39.9% | 11.8% | 3.0% | -16.1% | -24.0% | -9.8% |
| Free cash flow margin | 35.6% | 36.5% | 28.3% | 13.0% | 2.2% | 8.9% |
| Return on equity (ROE) | 30.7% | 10.7% | 2.5% | -11.0% | -11.7% | — |
| Return on assets (ROA) | 20.8% | 6.8% | 1.7% | -8.0% | -9.1% | -9.0% |
| Current ratio | 2.61 | 2.61 | 3.24 | 3.84 | 5.20 | 2.41 |
| Revenue growth | 38.7% | 40.8% | 43.7% | 47.3% | 55.1% | — |
| EPS growth | 355.9% | 437.1% | — | — | — | — |