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Duolingo Inc is a technology company that develops a mobile learning platform to learn languages and is the top-grossing app in the Education category on both Google Play and the Apple App Store. Its products are powered by sophisticated data analytics and artificial intelligence and delivered with class art, animation, and design to make it easier for learners to stay motivated master new material, and achieve their learning goals. Its solutions include the Duolingo Language Learning App, Super Duolingo, Duolingo English Test: AI-Driven Language Assessment, Duolingo For Schools, Duolingo ABC, and Duolingo Math. It has four predominant sources of revenue; time-based subscriptions, in-app advertising placement by third parties, and the Duolingo English Test, and In-App Purchases.
2011
830
LTM Revenue $850M
LTM EBITDA $229M
$22.4B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Duolingo has a last 12-month revenue (LTM) of $850M and a last 12-month EBITDA of $229M.
In the most recent fiscal year, Duolingo achieved revenue of $748M and an EBITDA of $73.4M.
Duolingo expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Duolingo valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $850M | XXX | $748M | XXX | XXX | XXX |
| Gross Profit | $613M | XXX | $544M | XXX | XXX | XXX |
| Gross Margin | 72% | XXX | 73% | XXX | XXX | XXX |
| EBITDA | $229M | XXX | $73.4M | XXX | XXX | XXX |
| EBITDA Margin | 27% | XXX | 10% | XXX | XXX | XXX |
| EBIT | $87.0M | XXX | $62.6M | XXX | XXX | XXX |
| EBIT Margin | 10% | XXX | 8% | XXX | XXX | XXX |
| Net Profit | $113M | XXX | $88.6M | XXX | XXX | XXX |
| Net Margin | 13% | XXX | 12% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, Duolingo's stock price is $513.
Duolingo has current market cap of $23.3B, and EV of $22.4B.
See Duolingo trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $22.4B | $23.3B | XXX | XXX | XXX | XXX | $2.33 |
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Start Free TrialAs of May 30, 2025, Duolingo has market cap of $23.3B and EV of $22.4B.
Duolingo's trades at 29.9x EV/Revenue multiple, and 304.9x EV/EBITDA.
Equity research analysts estimate Duolingo's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Duolingo has a P/E ratio of 206.1x.
See valuation multiples for Duolingo and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $23.3B | XXX | $23.3B | XXX | XXX | XXX |
| EV (current) | $22.4B | XXX | $22.4B | XXX | XXX | XXX |
| EV/Revenue | 26.3x | XXX | 29.9x | XXX | XXX | XXX |
| EV/EBITDA | 97.9x | XXX | 304.9x | XXX | XXX | XXX |
| EV/EBIT | 257.5x | XXX | 357.7x | XXX | XXX | XXX |
| EV/Gross Profit | 36.5x | XXX | n/a | XXX | XXX | XXX |
| P/E | 206.1x | XXX | 263.5x | XXX | XXX | XXX |
| EV/FCF | 68.1x | XXX | 84.7x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialDuolingo's last 12 month revenue growth is 30%
Duolingo's revenue per employee in the last FY averaged $0.9M, while opex per employee averaged $0.6M for the same period.
Duolingo's rule of 40 is 29% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Duolingo's rule of X is 103% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Duolingo and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 30% | XXX | 30% | XXX | XXX | XXX |
| EBITDA Margin | 27% | XXX | 10% | XXX | XXX | XXX |
| EBITDA Growth | 44% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | 29% | XXX | 40% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 103% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.9M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.6M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 12% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 31% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 64% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| XXX | XXX | XXX | XXX | XXX | XXX | |
| Alef Education | XXX | XXX | XXX | XXX | XXX | XXX |
| 51 Talk | XXX | XXX | XXX | XXX | XXX | XXX |
| 3P Learning | XXX | XXX | XXX | XXX | XXX | XXX |
| FLOWSPARKS | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Duolingo acquired XXX companies to date.
Last acquisition by Duolingo was XXXXXXXX, XXXXX XXXXX XXXXXX . Duolingo acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Duolingo founded? | Duolingo was founded in 2011. |
| Where is Duolingo headquartered? | Duolingo is headquartered in United States of America. |
| How many employees does Duolingo have? | As of today, Duolingo has 830 employees. |
| Who is the CEO of Duolingo? | Duolingo's CEO is Dr. Luis von Ahn, PhD. |
| Is Duolingo publicy listed? | Yes, Duolingo is a public company listed on NAS. |
| What is the stock symbol of Duolingo? | Duolingo trades under DUOL ticker. |
| When did Duolingo go public? | Duolingo went public in 2021. |
| Who are competitors of Duolingo? | Similar companies to Duolingo include e.g. , Alef Education, 51 Talk, 3P Learning. |
| What is the current market cap of Duolingo? | Duolingo's current market cap is $23.3B |
| What is the current revenue of Duolingo? | Duolingo's last 12 months revenue is $850M. |
| What is the current revenue growth of Duolingo? | Duolingo revenue growth (NTM/LTM) is 30%. |
| What is the current EV/Revenue multiple of Duolingo? | Current revenue multiple of Duolingo is 26.3x. |
| Is Duolingo profitable? | Yes, Duolingo is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Duolingo? | Duolingo's last 12 months EBITDA is $229M. |
| What is Duolingo's EBITDA margin? | Duolingo's last 12 months EBITDA margin is 27%. |
| What is the current EV/EBITDA multiple of Duolingo? | Current EBITDA multiple of Duolingo is 97.9x. |
| What is the current FCF of Duolingo? | Duolingo's last 12 months FCF is $329M. |
| What is Duolingo's FCF margin? | Duolingo's last 12 months FCF margin is 39%. |
| What is the current EV/FCF multiple of Duolingo? | Current FCF multiple of Duolingo is 68.1x. |
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