Duolingo (DUOL) Ratios
Duolingo Ratios
MX:DUOL's free cash flow for Q2 2026 was $78.63M. For the 2026 fiscal year, MX:DUOL's free cash flow was decreased by $-9.63M and operating cash flow was $88.26M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 2.61 | 2.61 | 3.24 | 3.84 | 5.20 |
| Quick Ratio | 2.61 | 2.61 | 3.24 | 3.84 | 5.20 |
| Cash Ratio | 1.88 | 1.86 | 2.70 | 3.35 | 4.65 |
| Solvency Ratio | 0.66 | 0.21 | 0.02 | -0.06 | -0.07 |
| Operating Cash Flow Ratio | 0.70 | 0.68 | 0.55 | 0.30 | 0.08 |
| Short-Term Operating Cash Flow Coverage | 0.00 | 110.62 | 0.00 | 0.00 | 0.00 |
| Net Current Asset Value | $ 791.43M | $ 624.41M | $ -298.46M | $ -205.27M | $ -148.25M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.05 | 0.04 | 0.01 | 0.02 | 0.03 |
| Debt-to-Equity Ratio | 0.07 | 0.07 | 0.04 | 0.05 | 0.06 |
| Debt-to-Capital Ratio | 0.07 | 0.06 | 0.04 | 0.05 | 0.06 |
| Long-Term Debt-to-Capital Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial Leverage Ratio | 1.48 | 1.58 | 2.82 | 2.66 | 2.50 |
| Debt Service Coverage Ratio | 0.00 | 38.52 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt to Market Cap | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Debt Per Share | 2.05 | 1.32 | 0.54 | 0.72 | 0.85 |
| Net Debt to EBITDA | -4.79 | -6.44 | 117.22 | 9.61 | 9.10 |
| Profitability Margins | |||||
| Gross Profit Margin | 71.68% | 72.03% | 73.24% | 73.09% | 72.41% |
| EBIT Margin | 17.58% | 13.68% | -2.50% | -17.64% | -23.93% |
| EBITDA Margin | 18.97% | 15.13% | -1.16% | -16.33% | -22.84% |
| Operating Profit Margin | 13.61% | 8.50% | -2.50% | -17.64% | -23.93% |
| Pretax Profit Margin | 17.58% | 13.68% | 3.35% | -15.87% | -23.91% |
| Net Profit Margin | 39.91% | 11.84% | 3.03% | -16.12% | -23.98% |
| Continuous Operations Profit Margin | 39.91% | 11.84% | 3.03% | -16.12% | -23.98% |
| Net Income Per EBT | 227.00% | 86.58% | 90.38% | 101.60% | 100.30% |
| EBT Per EBIT | 129.15% | 160.94% | -134.07% | 89.94% | 99.92% |
| Return on Assets (ROA) | 20.78% | 6.80% | 0.87% | -4.12% | -4.70% |
| Return on Equity (ROE) | 30.74% | 10.74% | 2.45% | -10.99% | -11.72% |
| Return on Capital Employed (ROCE) | 9.80% | 7.23% | -0.84% | -5.16% | -5.17% |
| Return on Invested Capital (ROIC) | 9.80% | 6.24% | -0.76% | -5.14% | -5.15% |
| Return on Tangible Assets | 21.47% | 6.97% | 0.88% | -4.16% | -4.71% |
| Earnings Yield | 5.15% | 0.63% | 0.15% | -2.12% | -1.48% |
| Efficiency Ratios | |||||
| Receivables Turnover | 5.87 | 5.80 | 5.97 | 7.91 | 7.56 |
| Payables Turnover | 36.74 | 32.78 | 58.07 | 84.48 | 8.85 |
| Inventory Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Fixed Asset Turnover | 8.89 | 11.26 | 17.19 | 10.42 | 6.86 |
| Asset Turnover | 0.52 | 0.57 | 0.29 | 0.26 | 0.20 |
| Working Capital Turnover Ratio | 1.33 | 1.15 | 0.94 | 0.73 | 0.85 |
| Cash Conversion Cycle | 52.29 | 51.79 | 54.86 | 41.84 | 7.02 |
| Days of Sales Outstanding | 62.23 | 62.92 | 61.15 | 46.16 | 48.27 |
| Days of Inventory Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days of Payables Outstanding | 9.93 | 11.13 | 6.29 | 4.32 | 41.24 |
| Operating Cycle | 62.23 | 62.92 | 61.15 | 46.16 | 48.27 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 8.47 | 6.56 | 3.30 | 1.36 | 0.24 |
| Free Cash Flow Per Share | 8.08 | 6.28 | 3.01 | 1.10 | 0.08 |
| Dividend Paid and CapEx Coverage Ratio | 21.43 | 23.56 | 11.23 | 5.30 | 1.48 |
| Capital Expenditure Coverage Ratio | 21.43 | 23.56 | 11.23 | 5.30 | 1.48 |
| Operating Cash Flow Coverage Ratio | 4.14 | 4.99 | 6.14 | 1.89 | 0.28 |
| Operating Cash Flow to Sales Ratio | 0.37 | 0.38 | 0.29 | 0.15 | 0.04 |
| Free Cash Flow Yield | 4.60% | 1.94% | 1.33% | 1.55% | 0.07% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 19.39 | 159.25 | 656.84 | -47.13 | -67.53 |
| Price-to-Sales (P/S) Ratio | 7.74 | 18.86 | 19.87 | 7.60 | 16.19 |
| Price-to-Book (P/B) Ratio | 5.96 | 17.11 | 16.10 | 5.18 | 7.92 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 21.73 | 51.59 | 75.42 | 64.49 | 1370.12 |
| Price-to-Operating Cash Flow Ratio | 20.71 | 49.40 | 68.70 | 52.32 | 442.86 |
| Price-to-Earnings Growth (PEG) Ratio | 0.06 | 0.33 | -5.33 | 12.33 | -0.26 |
| Enterprise Value Multiple | 36.03 | 118.21 | -1594.90 | -36.93 | -61.79 |
| Enterprise Value | 7.09B | 13.38B | 9.83B | 2.23B | 3.54B |
| EV to EBITDA | 36.03 | 118.21 | -1594.90 | -36.93 | -61.79 |
| EV to Sales | 6.83 | 17.88 | 18.51 | 6.03 | 14.11 |
| EV to Free Cash Flow | 19.18 | 48.93 | 70.26 | 51.17 | 1194.19 |
| EV to Operating Cash Flow | 18.28 | 46.85 | 64.00 | 41.52 | 386.00 |
| Tangible Book Value Per Share | 28.04 | 18.25 | 13.66 | 13.42 | 13.29 |
| Shareholders’ Equity Per Share | 29.43 | 18.95 | 14.09 | 13.73 | 13.41 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | -1.27 | 0.13 | 0.10 | -0.02 | -0.00 |
| Revenue Per Share | 22.67 | 17.19 | 11.42 | 9.36 | 6.55 |
| Net Income Per Share | 9.05 | 2.04 | 0.35 | -1.51 | -1.57 |
| Tax Burden | 2.27 | 0.87 | 0.90 | 1.02 | 1.00 |
| Interest Burden | 1.00 | 1.00 | -1.34 | 0.90 | 1.00 |
| Research & Development to Revenue | 0.29 | 0.31 | 0.37 | 0.41 | 0.41 |
| SG&A to Revenue | 0.29 | 0.32 | 0.25 | 0.32 | 0.31 |
| Stock-Based Compensation to Revenue | 0.13 | 0.15 | 0.18 | 0.20 | 0.16 |
| Income Quality | 0.94 | 3.22 | 9.56 | -0.90 | -0.15 |
Currency in USD
