Duolingo annual debt-to-equity ratio
2021
2022
2023
2024
2025
Duolingo Debt-to-Equity Ratio Growth & History (DUOL)
Duolingo's debt-to-equity ratio was 0.07 for fiscal 2025.
View full Duolingo company overviewDuolingo annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.07 | 0.01 | +8.00% |
| 2024 | 2024-12-31 | 0.07 | 0.03 | +81.73% |
| 2023 | 2023-12-31 | 0.04 | −0.01 | −27.11% |
| 2022 | 2022-12-31 | 0.05 | −0.01 | −17.17% |
| 2021 | 2021-12-31 | 0.06 | — | — |
Duolingo quarterly debt-to-equity ratio
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.06 | −0.04 | −38.33% |
| Q1 2026 | 2026-03-31 | 0.07 | 0.01 | +8.20% |
| Q4 2025 | 2025-12-31 | 0.07 | 0.01 | +8.00% |
| Q3 2025 | 2025-09-30 | 0.07 | 0.00 | +6.90% |
| Q2 2025 | 2025-06-30 | 0.10 | 0.02 | +32.78% |
| Q1 2025 | 2025-03-31 | 0.06 | −0.02 | −23.41% |
| Q4 2024 | 2024-12-31 | 0.07 | 0.03 | +81.73% |
| Q3 2024 | 2024-09-30 | 0.07 | 0.03 | +64.33% |
| Q2 2024 | 2024-06-30 | 0.07 | 0.03 | +62.75% |
| Q1 2024 | 2024-03-31 | 0.08 | 0.03 | +61.36% |
| Q4 2023 | 2023-12-31 | 0.04 | −0.01 | −27.11% |
| Q3 2023 | 2023-09-30 | 0.04 | −0.01 | −21.68% |
| Q2 2023 | 2023-06-30 | 0.05 | −0.01 | −19.36% |
| Q1 2023 | 2023-03-31 | 0.05 | −0.01 | −19.63% |
| Q4 2022 | 2022-12-31 | 0.05 | −0.01 | −17.17% |
| Q3 2022 | 2022-09-30 | 0.05 | 0.03 | +177.88% |
| Q2 2022 | 2022-06-30 | 0.06 | — | — |
| Q1 2022 | 2022-03-31 | 0.06 | — | — |
| Q4 2021 | 2021-12-31 | 0.06 | — | — |
| Q3 2021 | 2021-09-30 | 0.02 | — | — |
Duolingo debt-to-equity ratio trends
Between the periods ended 2021-12-31 and 2025-12-31, Duolingo's debt-to-equity ratio increased from 0.06 to 0.07, a change of 0.01. The latest reported quarter, Q2 2026, shows 0.06.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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