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Side-by-side financial comparison of Arhaus, Inc. (ARHS) and Duolingo, Inc. (DUOL). Click either name above to swap in a different company.
Arhaus, Inc. is the larger business by last-quarter revenue ($364.8M vs $295.5M, roughly 1.2× Duolingo, Inc.). Duolingo, Inc. runs the higher net margin — 11.9% vs 4.1%, a 7.7% gap on every dollar of revenue. On growth, Duolingo, Inc. posted the faster year-over-year revenue change (27.0% vs 5.1%). Duolingo, Inc. produced more free cash flow last quarter ($103.0M vs $-8.8M). Over the past eight quarters, Duolingo, Inc.'s revenue compounded faster (28.7% CAGR vs 11.2%).
Arhaus, Inc.ARHSEarnings & Financial Report
Arhaus, Inc. is an upscale American home furnishings company headquartered in Boston Heights, Ohio. Founded in 1986 with a focus on sustainability and artisanship in product quality, Arhaus provides a diversified assortment of specialty goods and services addressing omnichannel direct-to-consumer and business-to-business residential and commercial operations.
Duolingo, Inc. is a leading global edtech firm operating a gamified language learning platform. It offers free and premium self-paced courses for over 40 languages, plus language certification, math learning tools, and literacy programs, serving individual learners, schools and corporate clients worldwide.
ARHS vs DUOL — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $364.8M | $295.5M |
| Net Profit | $15.1M | $35.1M |
| Gross Margin | 38.1% | 55.5% |
| Operating Margin | 5.6% | 8.0% |
| Net Margin | 4.1% | 11.9% |
| Revenue YoY | 5.1% | 27.0% |
| Net Profit YoY | -29.1% | 24.0% |
| EPS (diluted) | $0.11 | $0.72 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $295.5M | ||
| Q4 25 | $364.8M | $282.9M | ||
| Q3 25 | $344.6M | $271.7M | ||
| Q2 25 | $358.4M | $252.3M | ||
| Q1 25 | $311.4M | $230.7M | ||
| Q4 24 | $347.0M | $209.6M | ||
| Q3 24 | $319.1M | $192.6M | ||
| Q2 24 | $309.8M | $178.3M |
| Q1 26 | — | $35.1M | ||
| Q4 25 | $15.1M | $42.0M | ||
| Q3 25 | $12.2M | $292.2M | ||
| Q2 25 | $35.1M | $44.8M | ||
| Q1 25 | $4.9M | $35.1M | ||
| Q4 24 | $21.3M | $13.9M | ||
| Q3 24 | $9.9M | $23.4M | ||
| Q2 24 | $22.2M | $24.4M |
| Q1 26 | — | 55.5% | ||
| Q4 25 | 38.1% | 72.8% | ||
| Q3 25 | 38.7% | 72.5% | ||
| Q2 25 | 41.4% | 72.4% | ||
| Q1 25 | 37.1% | 71.1% | ||
| Q4 24 | 40.0% | 71.9% | ||
| Q3 24 | 38.6% | 72.9% | ||
| Q2 24 | 40.1% | 73.4% |
| Q1 26 | — | 8.0% | ||
| Q4 25 | 5.6% | 15.4% | ||
| Q3 25 | 4.8% | 12.9% | ||
| Q2 25 | 13.0% | 13.2% | ||
| Q1 25 | 1.7% | 10.2% | ||
| Q4 24 | 8.2% | 6.6% | ||
| Q3 24 | 3.3% | 7.0% | ||
| Q2 24 | 9.5% | 10.5% |
| Q1 26 | — | 11.9% | ||
| Q4 25 | 4.1% | 14.8% | ||
| Q3 25 | 3.5% | 107.5% | ||
| Q2 25 | 9.8% | 17.8% | ||
| Q1 25 | 1.6% | 15.2% | ||
| Q4 24 | 6.1% | 6.6% | ||
| Q3 24 | 3.1% | 12.1% | ||
| Q2 24 | 7.2% | 13.7% |
| Q1 26 | — | $0.72 | ||
| Q4 25 | $0.11 | $0.99 | ||
| Q3 25 | $0.09 | $5.95 | ||
| Q2 25 | $0.25 | $0.91 | ||
| Q1 25 | $0.03 | $0.72 | ||
| Q4 24 | $0.15 | $0.31 | ||
| Q3 24 | $0.07 | $0.49 | ||
| Q2 24 | $0.16 | $0.51 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $253.4M | $1.1B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $418.2M | $1.3B |
| Total Assets | $1.4B | $2.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.1B | ||
| Q4 25 | $253.4M | $1.0B | ||
| Q3 25 | $262.2M | $1.0B | ||
| Q2 25 | $234.8M | $976.2M | ||
| Q1 25 | $214.4M | $884.0M | ||
| Q4 24 | $197.5M | $785.8M | ||
| Q3 24 | $177.7M | $854.4M | ||
| Q2 24 | $174.2M | $888.2M |
| Q1 26 | — | $1.3B | ||
| Q4 25 | $418.2M | $1.3B | ||
| Q3 25 | $400.4M | $1.3B | ||
| Q2 25 | $385.6M | $977.0M | ||
| Q1 25 | $348.8M | $893.8M | ||
| Q4 24 | $343.7M | $824.5M | ||
| Q3 24 | $320.6M | $822.5M | ||
| Q2 24 | $309.3M | $766.9M |
| Q1 26 | — | $2.0B | ||
| Q4 25 | $1.4B | $2.0B | ||
| Q3 25 | $1.4B | $1.9B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.2B | $1.1B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $9.3M | $105.6M |
| Free Cash FlowOCF − Capex | $-8.8M | $103.0M |
| FCF MarginFCF / Revenue | -2.4% | 34.9% |
| Capex IntensityCapex / Revenue | 5.0% | — |
| Cash ConversionOCF / Net Profit | 0.62× | 3.01× |
| TTM Free Cash FlowTrailing 4 quarters | $59.0M | $368.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $105.6M | ||
| Q4 25 | $9.3M | $107.3M | ||
| Q3 25 | $46.1M | $84.2M | ||
| Q2 25 | $34.9M | $90.7M | ||
| Q1 25 | $46.5M | $105.6M | ||
| Q4 24 | $31.7M | $83.3M | ||
| Q3 24 | $31.1M | $56.3M | ||
| Q2 24 | $47.5M | $62.4M |
| Q1 26 | — | $103.0M | ||
| Q4 25 | $-8.8M | $96.6M | ||
| Q3 25 | $28.0M | $79.4M | ||
| Q2 25 | $20.9M | $89.5M | ||
| Q1 25 | $18.9M | $104.3M | ||
| Q4 24 | $13.0M | $81.4M | ||
| Q3 24 | $4.6M | $53.1M | ||
| Q2 24 | $11.3M | $56.8M |
| Q1 26 | — | 34.9% | ||
| Q4 25 | -2.4% | 34.1% | ||
| Q3 25 | 8.1% | 29.2% | ||
| Q2 25 | 5.8% | 35.5% | ||
| Q1 25 | 6.1% | 45.2% | ||
| Q4 24 | 3.7% | 38.8% | ||
| Q3 24 | 1.4% | 27.6% | ||
| Q2 24 | 3.6% | 31.9% |
| Q1 26 | — | — | ||
| Q4 25 | 5.0% | 3.8% | ||
| Q3 25 | 5.3% | 1.8% | ||
| Q2 25 | 3.9% | 0.5% | ||
| Q1 25 | 8.9% | 0.6% | ||
| Q4 24 | 5.4% | 0.9% | ||
| Q3 24 | 8.3% | 1.7% | ||
| Q2 24 | 11.7% | 3.1% |
| Q1 26 | — | 3.01× | ||
| Q4 25 | 0.62× | 2.56× | ||
| Q3 25 | 3.77× | 0.29× | ||
| Q2 25 | 1.00× | 2.02× | ||
| Q1 25 | 9.53× | 3.01× | ||
| Q4 24 | 1.49× | 5.99× | ||
| Q3 24 | 3.14× | 2.41× | ||
| Q2 24 | 2.14× | 2.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARHS
| Sales Channel Retail | $305.7M | 84% |
| Sales Channel E Commerce | $59.2M | 16% |
DUOL
| Bookings | $283.5M | 96% |
| Other | $12.0M | 4% |
