Duolingo
The world’s most popular application to learn languages online with over 500 million users.
Launch date
Employees
Market cap
AUD15.4b
Enterprise valuation
AUD14.1b (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 | - | |
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 | AUD283m |