Duolingo DUOL
Consumer Subscription EdTech PLG Consumer Internet

Duolingo trades at 4.8x EV/NTM revenue on a $5.76B enterprise value. Revenue grew 35.0% year over year to $282.9M in the quarter ending December 2025, an annual run rate of $1.13B. Duolingo reports a 72.8% gross margin and 6.3-month CAC payback.

ARR ($M)
969
Net Dollar Retention
--
ARR Growth
39.0%
EV / NTM Revenue
4.8x
Payback Period
6.3
EV / Run Rate
5.1x
Price & Key Metrics
Price Performance
Company Details
Share Price: 146.98
Last Filing Date: 2025-12-31
Fiscal Year End: 12-31
Last Filing: Form
Founding Year: --
IPO Year: 2021
% of 52 wk High: 42%
Description
Duolingo is an American language-learning website and mobile app, as well as a digital language proficiency assessment exam. The company uses a freemium model: the app and the website are accessible without charge, although Duolingo also offers a premium service for a fee.
Categories
Consumer Subscription EdTech PLG Consumer Internet
Valuation
Market Cap: 6,900.754
Enterprise Value: 5,760.287
EV / Revenue Run Rate: 5.1x
EV / NTM Revenue: 4.8x
EV / 2026 Revenue Estimates: 4.8x
EV / 2027 Revenue Estimates: 4.2x
EV / 2028 Revenue Estimates: 3.8x
Key Business Metrics
Net Dollar Retention: --
Customers: --
ARR: 969
ARR Growth %: 39%
ARR/Customer ($K): --
ARR/Employee ($K): 1,076
Revenue
Revenue Run Rate: 1,131
ARR: 969
2026 Revenue Estimates: 1,207
2027 Revenue Estimates: 1,366
2028 Revenue Estimates: 1,531
LTM Revenue: 1,037
Last Year Run Rate: 838
Growth
Revenue Growth: 35%
ARR Growth: 39%
Growth Persistence: 90%
2026 Revenue Growth Estimates: 17%
2027 Revenue Growth Estimates: 13%
2028 Revenue Growth Estimates: 12%
Financials
Quarterly
Calendar Year
Frequently Asked Questions

How fast is Duolingo growing?

Duolingo grew revenue 35.0% year over year, reaching $282.9M in the quarter ending December 2025.

What multiple does Duolingo trade at?

Duolingo trades at 4.8x EV/NTM revenue and 5.1x EV/run-rate, on an enterprise value of $5.76B.

Is Duolingo profitable?

For Duolingo, operating income was $43.5M last quarter and LTM free cash flow margin is 34.7%.

How long does it take Duolingo to pay back CAC?

Duolingo recovers customer acquisition cost in about 6.3 months.

What sector is Duolingo in?

Public Comps classifies Duolingo under Consumer Subscription, EdTech, PLG, and Consumer Internet.

Where does Public Comps get Duolingo's data?

Figures come from Duolingo's own SEC filings, normalised into a consistent quarterly format and refreshed after each earnings release.