Duolingo
The world’s most popular application to learn languages online with over 500 million users.
Launch date
Employees
Market cap
€9.1b
Enterprise valuation
€8.3b (Public information from Sep 2024)
Share price
$264 DUOL
Pittsburgh Pennsylvania (HQ)
Financials
Estimates*
USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
---|---|---|---|---|---|---|---|
Revenues | 162m | 251m | 369m | 531m | 736m | 946m | 1.2b |
% growth | 129 % | 55 % | 47 % | 44 % | 39 % | 28 % | 24 % |
EBITDA | (13.8m) | (57.3m) | (60.3m) | (6.2m) | 182m | 259m | 348m |
% EBITDA margin | (9 %) | (23 %) | (16 %) | (1 %) | 25 % | 27 % | 30 % |
Profit | (15.8m) | (60.1m) | (59.6m) | 16.1m | 90.4m | 137m | 196m |
% profit margin | (10 %) | (24 %) | (16 %) | 3 % | 12 % | 14 % | 17 % |
EV / revenue | - | 13.7x | 6.2x | 16.5x | 11.3x | 8.6x | 6.5x |
EV / EBITDA | - | -59.7x | -37.7x | -1424.9x | 45.6x | 31.3x | 21.9x |
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 | - | |
$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 | €167m |