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Side-by-side financial comparison of Civeo Corp (CVEO) and Duolingo, Inc. (DUOL). Click either name above to swap in a different company.
Duolingo, Inc. is the larger business by last-quarter revenue ($295.5M vs $161.6M, roughly 1.8× Civeo Corp). Duolingo, Inc. runs the higher net margin — 11.9% vs -4.0%, a 15.9% gap on every dollar of revenue. On growth, Duolingo, Inc. posted the faster year-over-year revenue change (27.0% vs 7.1%). Duolingo, Inc. produced more free cash flow last quarter ($103.0M vs $14.5M). Over the past eight quarters, Duolingo, Inc.'s revenue compounded faster (28.7% CAGR vs -1.4%).
The Civeo Corporation is an American accommodation services multinational corporation. It is a spin-off of Oil States International. It is a public company listed on the New York Stock Exchange.
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.
CVEO vs DUOL — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $161.6M | $295.5M |
| Net Profit | $-6.5M | $35.1M |
| Gross Margin | 22.7% | 55.5% |
| Operating Margin | -0.1% | 8.0% |
| Net Margin | -4.0% | 11.9% |
| Revenue YoY | 7.1% | 27.0% |
| Net Profit YoY | 58.1% | 24.0% |
| EPS (diluted) | $-0.58 | $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 | $161.6M | $282.9M | ||
| Q3 25 | $170.5M | $271.7M | ||
| Q2 25 | $162.7M | $252.3M | ||
| Q1 25 | $144.0M | $230.7M | ||
| Q4 24 | $151.0M | $209.6M | ||
| Q3 24 | $176.3M | $192.6M | ||
| Q2 24 | $188.7M | $178.3M |
| Q1 26 | — | $35.1M | ||
| Q4 25 | $-6.5M | $42.0M | ||
| Q3 25 | $-455.0K | $292.2M | ||
| Q2 25 | $-3.3M | $44.8M | ||
| Q1 25 | $-9.8M | $35.1M | ||
| Q4 24 | $-15.4M | $13.9M | ||
| Q3 24 | $-5.1M | $23.4M | ||
| Q2 24 | $8.2M | $24.4M |
| Q1 26 | — | 55.5% | ||
| Q4 25 | 22.7% | 72.8% | ||
| Q3 25 | 25.7% | 72.5% | ||
| Q2 25 | 25.3% | 72.4% | ||
| Q1 25 | 20.4% | 71.1% | ||
| Q4 24 | 18.6% | 71.9% | ||
| Q3 24 | 21.4% | 72.9% | ||
| Q2 24 | 25.4% | 73.4% |
| Q1 26 | — | 8.0% | ||
| Q4 25 | -0.1% | 15.4% | ||
| Q3 25 | 4.1% | 12.9% | ||
| Q2 25 | 1.7% | 13.2% | ||
| Q1 25 | -3.8% | 10.2% | ||
| Q4 24 | -6.7% | 6.6% | ||
| Q3 24 | 0.0% | 7.0% | ||
| Q2 24 | 6.9% | 10.5% |
| Q1 26 | — | 11.9% | ||
| Q4 25 | -4.0% | 14.8% | ||
| Q3 25 | -0.3% | 107.5% | ||
| Q2 25 | -2.0% | 17.8% | ||
| Q1 25 | -6.8% | 15.2% | ||
| Q4 24 | -10.2% | 6.6% | ||
| Q3 24 | -2.9% | 12.1% | ||
| Q2 24 | 4.4% | 13.7% |
| Q1 26 | — | $0.72 | ||
| Q4 25 | $-0.58 | $0.99 | ||
| Q3 25 | $-0.04 | $5.95 | ||
| Q2 25 | $-0.25 | $0.91 | ||
| Q1 25 | $-0.72 | $0.72 | ||
| Q4 24 | $-1.04 | $0.31 | ||
| Q3 24 | $-0.36 | $0.49 | ||
| Q2 24 | $0.56 | $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 | $14.4M | $1.1B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $174.4M | $1.3B |
| Total Assets | $477.4M | $2.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.1B | ||
| Q4 25 | $14.4M | $1.0B | ||
| Q3 25 | $12.0M | $1.0B | ||
| Q2 25 | $14.6M | $976.2M | ||
| Q1 25 | $28.4M | $884.0M | ||
| Q4 24 | $5.2M | $785.8M | ||
| Q3 24 | $17.9M | $854.4M | ||
| Q2 24 | $7.4M | $888.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $43.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.3B | ||
| Q4 25 | $174.4M | $1.3B | ||
| Q3 25 | $182.5M | $1.3B | ||
| Q2 25 | $209.4M | $977.0M | ||
| Q1 25 | $220.7M | $893.8M | ||
| Q4 24 | $236.4M | $824.5M | ||
| Q3 24 | $282.2M | $822.5M | ||
| Q2 24 | $297.4M | $766.9M |
| Q1 26 | — | $2.0B | ||
| Q4 25 | $477.4M | $2.0B | ||
| Q3 25 | $491.1M | $1.9B | ||
| Q2 25 | $508.8M | $1.5B | ||
| Q1 25 | $423.8M | $1.4B | ||
| Q4 24 | $405.1M | $1.3B | ||
| Q3 24 | $477.6M | $1.2B | ||
| Q2 24 | $483.2M | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $19.3M | $105.6M |
| Free Cash FlowOCF − Capex | $14.5M | $103.0M |
| FCF MarginFCF / Revenue | 8.9% | 34.9% |
| Capex IntensityCapex / Revenue | 3.0% | — |
| Cash ConversionOCF / Net Profit | — | 3.01× |
| TTM Free Cash FlowTrailing 4 quarters | $2.1M | $368.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $105.6M | ||
| Q4 25 | $19.3M | $107.3M | ||
| Q3 25 | $13.8M | $84.2M | ||
| Q2 25 | $-2.3M | $90.7M | ||
| Q1 25 | $-8.4M | $105.6M | ||
| Q4 24 | $9.5M | $83.3M | ||
| Q3 24 | $35.7M | $56.3M | ||
| Q2 24 | $32.4M | $62.4M |
| Q1 26 | — | $103.0M | ||
| Q4 25 | $14.5M | $96.6M | ||
| Q3 25 | $8.2M | $79.4M | ||
| Q2 25 | $-6.8M | $89.5M | ||
| Q1 25 | $-13.7M | $104.3M | ||
| Q4 24 | $1.8M | $81.4M | ||
| Q3 24 | $28.2M | $53.1M | ||
| Q2 24 | $27.0M | $56.8M |
| Q1 26 | — | 34.9% | ||
| Q4 25 | 8.9% | 34.1% | ||
| Q3 25 | 4.8% | 29.2% | ||
| Q2 25 | -4.2% | 35.5% | ||
| Q1 25 | -9.5% | 45.2% | ||
| Q4 24 | 1.2% | 38.8% | ||
| Q3 24 | 16.0% | 27.6% | ||
| Q2 24 | 14.3% | 31.9% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 3.8% | ||
| Q3 25 | 3.3% | 1.8% | ||
| Q2 25 | 2.8% | 0.5% | ||
| Q1 25 | 3.7% | 0.6% | ||
| Q4 24 | 5.1% | 0.9% | ||
| Q3 24 | 4.2% | 1.7% | ||
| Q2 24 | 2.8% | 3.1% |
| Q1 26 | — | 3.01× | ||
| Q4 25 | — | 2.56× | ||
| Q3 25 | — | 0.29× | ||
| Q2 25 | — | 2.02× | ||
| Q1 25 | — | 3.01× | ||
| Q4 24 | — | 5.99× | ||
| Q3 24 | — | 2.41× | ||
| Q2 24 | 3.93× | 2.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CVEO
Segment breakdown not available.
DUOL
| Bookings | $283.5M | 96% |
| Other | $12.0M | 4% |
