Duolingo
VerifiedThe world’s most popular application to learn languages online with over 500 million users.
Launch date
Employees
Market cap
-
Net debt
-
Enterprise valuation
$7.4b (Public information from Jul 2024)
Share price
$173.28 DUOL
Pittsburgh Pennsylvania (HQ)
Financials
Estimates*
| USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenues | 162m | 251m | 369m | 531m | 728m | 925m | 1.2b |
| % growth | 129 % | 55 % | 47 % | 44 % | 37 % | 27 % | 29 % |
| EBITDA | (13.8m) | (57.3m) | (60.3m) | (6.2m) | 166m | 239m | 309m |
| % EBITDA margin | (9 %) | (23 %) | (16 %) | (1 %) | 23 % | 26 % | 26 % |
| Profit | (15.8m) | (60.1m) | (59.6m) | 16.1m | 61.0m | 116m | 233m |
| % profit margin | (10 %) | (24 %) | (16 %) | 3 % | 8 % | 13 % | 20 % |
| EV / revenue | - | 13.7x | 6.2x | 16.5x | 12.2x | 9.4x | 6.8x |
| EV / EBITDA | - | -59.7x | -37.7x | -1424.9x | 53.7x | 36.5x | 26.2x |
| R&D budget | 53.0m | 104m | 150m | 194m | - | - | - |
| R&D % of revenue | 33 % | 41 % | 41 % | 37 % | - | - | - |
Source: Dealroom estimates
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
N/A | Spinout | ||
$3.3m | Series A | ||
$15.0m | Series B | ||
$20.0m | Series C | ||
$45.0m | Series D | ||
$25.0m | Series E | ||
$30.0m Valuation: $1.5b 42.9x EV/LTM Revenues | Series F | ||
* | $10.0m | Late VC | |
$35.0m Valuation: $2.4b 33.9x EV/LTM Revenues -230.4x EV/LTM EBITDA | Late VC | ||
* | N/A | $520m Valuation: $6.5b 40.2x EV/LTM Revenues -472.6x EV/LTM EBITDA | IPO |
| Total Funding | $183m | ||
