Coursera vs Duolingo
Duolingo reported revenue of $1.0 billion in fiscal 2025, 1.4 times Coursera's $758 million in fiscal 2025. Coursera's revenue grew 9.0% in its latest year, and Duolingo's grew 38.7%. Coursera had an operating margin of -10.2%, against 13.1% at Duolingo. Free cash flow was $107 million at Coursera and $370 million at Duolingo.
Side by side
| Coursera | Duolingo | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $758M | $1.0B |
| Revenue growth | 9.0% | 38.7% |
| Revenue growth a year, last 5 years | 20.9% | 45.0% |
| Gross margin | 54.6% | 72.2% |
| Operating margin | −10.2% | 13.1% |
| Net margin | −6.7% | 39.9% |
| Free cash flow | $107M | $370M |
| Free cash flow margin | 14.2% | 35.6% |
| Return on capital | — | 77.6% |
| Net debt to EBITDA | — | −6.9x |
| Dividends and buybacks | $0M | $0M |
| Change in diluted share count | 4.1% | 2.6% |
| Last close | $4.97 | $138.60 |
| P/E at the last close | — | 16.4× |
| Insider trades, last 12 months | bought $11.4 million, sold $10.8 million | bought $498,800, sold $47.5 million |
| Piotroski F-score | 5 of 9 | 4 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
CourseraDuolingo
Operating margin
Percent of revenue
CourseraDuolingo
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
CourseraDuolingo
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Coursera and Duolingo pages.