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Side-by-side financial comparison of Dayforce (DAY) and Duolingo, Inc. (DUOL). Click either name above to swap in a different company.
Dayforce is the larger business by last-quarter revenue ($481.6M vs $282.9M, roughly 1.7× Duolingo, Inc.). Duolingo, Inc. runs the higher net margin — 14.8% vs -40.9%, a 55.7% gap on every dollar of revenue. On growth, Duolingo, Inc. posted the faster year-over-year revenue change (35.0% vs 9.5%). Over the past eight quarters, Duolingo, Inc.'s revenue compounded faster (29.9% CAGR vs 9.8%).
Dayforce, Inc., formerly Ceridian, is an American human resources software and services company.
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.
DAY vs DUOL — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $481.6M | $282.9M |
| Net Profit | $-196.8M | $42.0M |
| Gross Margin | — | 72.8% |
| Operating Margin | 6.3% | 15.4% |
| Net Margin | -40.9% | 14.8% |
| Revenue YoY | 9.5% | 35.0% |
| Net Profit YoY | -9940.0% | 201.7% |
| EPS (diluted) | $-1.23 | $0.99 |
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.
| Q4 25 | — | $282.9M | ||
| Q3 25 | $481.6M | $271.7M | ||
| Q2 25 | $464.7M | $252.3M | ||
| Q1 25 | $481.8M | $230.7M | ||
| Q4 24 | $465.2M | $209.6M | ||
| Q3 24 | $440.0M | $192.6M | ||
| Q2 24 | $423.3M | $178.3M | ||
| Q1 24 | $431.5M | $167.6M |
| Q4 25 | — | $42.0M | ||
| Q3 25 | $-196.8M | $292.2M | ||
| Q2 25 | $21.3M | $44.8M | ||
| Q1 25 | $14.9M | $35.1M | ||
| Q4 24 | $10.8M | $13.9M | ||
| Q3 24 | $2.0M | $23.4M | ||
| Q2 24 | $-1.8M | $24.4M | ||
| Q1 24 | $7.1M | $27.0M |
| Q4 25 | — | 72.8% | ||
| Q3 25 | — | 72.5% | ||
| Q2 25 | — | 72.4% | ||
| Q1 25 | — | 71.1% | ||
| Q4 24 | 47.0% | 71.9% | ||
| Q3 24 | 45.8% | 72.9% | ||
| Q2 24 | 44.1% | 73.4% | ||
| Q1 24 | 47.6% | 73.0% |
| Q4 25 | — | 15.4% | ||
| Q3 25 | 6.3% | 12.9% | ||
| Q2 25 | 9.1% | 13.2% | ||
| Q1 25 | 6.4% | 10.2% | ||
| Q4 24 | 6.1% | 6.6% | ||
| Q3 24 | 4.7% | 7.0% | ||
| Q2 24 | 3.3% | 10.5% | ||
| Q1 24 | 9.4% | 9.8% |
| Q4 25 | — | 14.8% | ||
| Q3 25 | -40.9% | 107.5% | ||
| Q2 25 | 4.6% | 17.8% | ||
| Q1 25 | 3.1% | 15.2% | ||
| Q4 24 | 2.3% | 6.6% | ||
| Q3 24 | 0.5% | 12.1% | ||
| Q2 24 | -0.4% | 13.7% | ||
| Q1 24 | 1.6% | 16.1% |
| Q4 25 | — | $0.99 | ||
| Q3 25 | $-1.23 | $5.95 | ||
| Q2 25 | $0.13 | $0.91 | ||
| Q1 25 | $0.09 | $0.72 | ||
| Q4 24 | $0.07 | $0.31 | ||
| Q3 24 | $0.01 | $0.49 | ||
| Q2 24 | $-0.01 | $0.51 | ||
| Q1 24 | $0.04 | $0.57 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $627.6M | $1.0B |
| Total DebtLower is stronger | $631.1M | — |
| Stockholders' EquityBook value | $2.7B | $1.3B |
| Total Assets | $8.7B | $2.0B |
| Debt / EquityLower = less leverage | 0.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.0B | ||
| Q3 25 | $627.6M | $1.0B | ||
| Q2 25 | $625.2M | $976.2M | ||
| Q1 25 | $557.3M | $884.0M | ||
| Q4 24 | $579.7M | $785.8M | ||
| Q3 24 | $494.1M | $854.4M | ||
| Q2 24 | $465.4M | $888.2M | ||
| Q1 24 | $392.5M | $829.7M |
| Q4 25 | — | — | ||
| Q3 25 | $631.1M | — | ||
| Q2 25 | $631.8M | — | ||
| Q1 25 | $632.4M | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
| Q4 25 | — | $1.3B | ||
| Q3 25 | $2.7B | $1.3B | ||
| Q2 25 | $2.7B | $977.0M | ||
| Q1 25 | $2.6B | $893.8M | ||
| Q4 24 | $2.5B | $824.5M | ||
| Q3 24 | $2.6B | $822.5M | ||
| Q2 24 | $2.5B | $766.9M | ||
| Q1 24 | $2.4B | $711.1M |
| Q4 25 | — | $2.0B | ||
| Q3 25 | $8.7B | $1.9B | ||
| Q2 25 | $8.5B | $1.5B | ||
| Q1 25 | $9.5B | $1.4B | ||
| Q4 24 | $9.1B | $1.3B | ||
| Q3 24 | $8.1B | $1.2B | ||
| Q2 24 | $9.0B | $1.1B | ||
| Q1 24 | $10.8B | $1.1B |
| Q4 25 | — | — | ||
| Q3 25 | 0.23× | — | ||
| Q2 25 | 0.23× | — | ||
| Q1 25 | 0.24× | — | ||
| Q4 24 | 0.47× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.49× | — | ||
| Q1 24 | 0.50× | — |
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 | $31.2M | $107.3M |
| Free Cash FlowOCF − Capex | — | $96.6M |
| FCF MarginFCF / Revenue | — | 34.1% |
| Capex IntensityCapex / Revenue | — | 3.8% |
| Cash ConversionOCF / Net Profit | — | 2.56× |
| TTM Free Cash FlowTrailing 4 quarters | — | $369.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $107.3M | ||
| Q3 25 | $31.2M | $84.2M | ||
| Q2 25 | $112.7M | $90.7M | ||
| Q1 25 | $49.6M | $105.6M | ||
| Q4 24 | $81.0M | $83.3M | ||
| Q3 24 | $91.8M | $56.3M | ||
| Q2 24 | $99.2M | $62.4M | ||
| Q1 24 | $9.1M | $83.5M |
| Q4 25 | — | $96.6M | ||
| Q3 25 | — | $79.4M | ||
| Q2 25 | — | $89.5M | ||
| Q1 25 | — | $104.3M | ||
| Q4 24 | — | $81.4M | ||
| Q3 24 | — | $53.1M | ||
| Q2 24 | — | $56.8M | ||
| Q1 24 | — | $82.1M |
| Q4 25 | — | 34.1% | ||
| Q3 25 | — | 29.2% | ||
| Q2 25 | — | 35.5% | ||
| Q1 25 | — | 45.2% | ||
| Q4 24 | — | 38.8% | ||
| Q3 24 | — | 27.6% | ||
| Q2 24 | — | 31.9% | ||
| Q1 24 | — | 49.0% |
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 3.1% | ||
| Q1 24 | — | 0.8% |
| Q4 25 | — | 2.56× | ||
| Q3 25 | — | 0.29× | ||
| Q2 25 | 5.29× | 2.02× | ||
| Q1 25 | 3.33× | 3.01× | ||
| Q4 24 | 7.50× | 5.99× | ||
| Q3 24 | 45.90× | 2.41× | ||
| Q2 24 | — | 2.56× | ||
| Q1 24 | 1.28× | 3.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DAY
| Dayforce Recurring | $333.0M | 69% |
| Cloud And Bureau Professional Services And Other | $78.5M | 16% |
| Float | $42.2M | 9% |
| Powerpay Recurring | $19.7M | 4% |
| Other Recurring | $8.2M | 2% |
DUOL
| License And Service | $242.3M | 86% |
| Advertising | $20.2M | 7% |
| English Test | $10.3M | 4% |
| Other | $10.1M | 4% |
