The Tip Desk

Duolingo, Inc.

Company Stats

Market Cap
$6.7B
as of Sep 30, 2026
Shares Outstanding
46.8M
Free Float
68.0%

Income Statement

Revenue
$1.0B
Operating Income
$135.6M
Net Income
$414.1M
EBITDA
$150.0M
Revenue Growth, 3Y
41.1%
FCF Margin, 3Y Avg
33.5%
FCF Margin, Worst Year
28.3%

Cash Flow

Free Cash Flow
$369.7M
FCF Yield
5.5%
Owner FCF Yield
3.5%

Balance Sheet

Cash & Equivalents
$1.0B

Returns & Capital

SBC, 3Y Avg
$114.4M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$1.0B$369.7M35.6%
FY2024$748.0M$273.4M36.5%
FY2023$531.1M$150.4M28.3%
FY2022$369.5M$48.1M13.0%
FY2021$250.8M$5.6M2.2%

Annual filing data through FY ended December 31, 2025; shares and float as of October 12, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage