Duolingo, Inc.

DUOL

CIK 0001562088 · Quarterly mode · latest period FY2025 (Q4) (ending 2025-12-31) · sourced from SEC EDGAR

At a glance · FY2025 (Q4)

Revenue
$283M
↑+35.0% +$73Mvs FY2024 (Q4)
Operating Income
$43M
↑+213.0% +$30Mvs FY2024 (Q4)
Net Income
$42M
↑+671.6% +$37Mvs FY2024 (Q4)
Gross Profit
$206M
↑+36.7% +$55Mvs FY2024 (Q4)

Quality Score

Quality score

6-dimension fundamental snapshot · latest annual filed values · S&P 500 calibration

Average
62/100
  • Profitability
    37ROIC 12.5% (10% = solid, 20%+ = moat)
  • Liquidity
    100Current Ratio 2.61 (above 1.5 = solid)
  • Leverage
    0Insufficient data
  • Efficiency
    33Asset Turnover 0.63x (1.0+ = capital-efficient)
  • Growth
    100Revenue YoY +35.0% (10% = solid, 25%+ = elite)
  • Margin Trend
    100Op Margin 15.4% · trend +4.4pts (4Q avg vs prior 4Q)

Calibrated to S&P 500 medians. Each sub-score is computed from a single CFA-grade ratio (Profitability = ROIC, Liquidity = Current Ratio, Leverage = D/E, Efficiency = Asset Turnover, Growth = Revenue YoY, Margin Trend = 4Q operating-margin avg vs prior 4Q). Overall = simple mean.

DCF intrinsic value

DCF intrinsic value

two-stage Gordon model

Project DUOL's free cash flow forward, discount back at your hurdle rate, divide by diluted shares. Edit the assumptions to see how sensitive the intrinsic value is.

25%

Trailing 3-yr CAGR was 97.4%

10%

10% is a common all-equity benchmark for US large-caps

2.5%

Should be ≤ long-run GDP growth (~2.5% nominal)

5

5-year explicit projection + perpetuity terminal

Intrinsic value per share
$255.28
Total enterprise IV
$12.33B
Diluted shares
0.05B
Terminal PV
$9.57B (78% of total)
Year-5 FCF
$1.13B
YearProjected FCFDiscounted PV
+1$462M$420M
+2$578M$477M
+3$722M$543M
+4$903M$617M
+5$1.13B$701M
Terminal$15.42B$9.57B

DCF outputs are HIGHLY sensitive to growth + WACC assumptions. A 1pp WACC change can shift IV by 20%+. Use this as a sanity-check vs market price, not a target — and always cross-check the underlying FCF source (EDGAR cashflow statement, latest annual). Margin of safety convention: 30-50% discount to IV before buying.

Capital allocation · trailing 4 quarters

how the company spent its cash
Capex (TTM)
$18M
investment in PP&E
Stock buybacks (TTM)
share count reduction
Stock-based comp (TTM)
$137M
non-cash dilution

Balance sheet · 2025-12-31

latest filed snapshot
Total assets
$1.99B
everything owned
Total liabilities
$645M
everything owed
Stockholders' equity
$1.35B
shareholder claim

Recent performance · 23 quarters

Revenue↑+35.0% +$73M
$283M
Net Income↑+201.7% +$28M
$42M
Free Cash Flow↑+18.6% +$15M
$97M
Operating Margin↑+8.7pts
15.4%

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