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Duolingo DUOL Free cash flow

Free cash flow at other companies

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Other financials

Income statement

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Revenue$292.0M+26.5%
Gross profit$213.1M+29.9%
Operating income$44.5M+88.7%
Net income$43.5M+23.7%
EPS (diluted)$0.89+23.6%

Balance sheet

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Cash & equivalents$171.2M+113%
Total debt$91.9M+68.5%
Total equity$1.4B+55.7%
Total assets$2.1B+46.7%

Cash flow

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Operating cash flow$150.8M+42.7%
CapEx$132.0K-89.9%

Valuation

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Market cap$5.85B-67.1%
Enterprise value$5.77B-67.6%
P/E13.9×-170×
P/S5.3×-16.6×

Profitability

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Gross margin72.7%+0.4pp
Operating margin14.2%+5.6pp
Net margin38.4%+26.5pp
FCF margin37.9%+1.4pp

Returns & leverage

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Return on equity37%+24.9pp
Debt / equity0.1×0.0×
Current ratio2.6×-0.1×

Where this comes from

Calculated from Duolingo’s reported figures.

The official record: Duolingo’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Duolingo's free cash flow?
Duolingo (DUOL) reported free cash flow of $150.64M in Q1 2026.
How has Duolingo's free cash flow changed year-over-year?
Duolingo's free cash flow increased by 44.4% year-over-year, from $104.32M to $150.64M.
What is the long-term trend for Duolingo's free cash flow?
Over 3 years (2022 to 2025), Duolingo's free cash flow has grown at a 97.4% compound annual growth rate (CAGR), from $48.09M to $369.73M.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.