vs
Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and Duolingo, Inc. (DUOL). Click either name above to swap in a different company.
Krispy Kreme, Inc. is the larger business by last-quarter revenue ($392.4M vs $282.9M, roughly 1.4× Duolingo, Inc.). Duolingo, Inc. runs the higher net margin — 14.8% vs -7.1%, a 21.9% gap on every dollar of revenue. On growth, Duolingo, Inc. posted the faster year-over-year revenue change (35.0% vs -2.9%). Duolingo, Inc. produced more free cash flow last quarter ($96.6M vs $27.9M). Over the past eight quarters, Duolingo, Inc.'s revenue compounded faster (29.9% CAGR vs -5.9%).
Krispy Kreme, Inc. is an American multinational doughnut company and coffeehouse chain. Krispy Kreme was founded by Vernon Rudolph (1915–1973), who bought a yeast-raised recipe from a New Orleans chef, rented a building in 1937 in what is now historic Old Salem in Winston-Salem, North Carolina, and began selling to local grocery stores. Steady growth preceded an ambitious expansion as a public company in the period 2000 to 2016, which ultimately proved unprofitable. In 2016, the company retur...
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.
DNUT vs DUOL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $392.4M | $282.9M |
| Net Profit | $-27.8M | $42.0M |
| Gross Margin | — | 72.8% |
| Operating Margin | -1.9% | 15.4% |
| Net Margin | -7.1% | 14.8% |
| Revenue YoY | -2.9% | 35.0% |
| Net Profit YoY | -23.8% | 201.7% |
| EPS (diluted) | $-0.18 | $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 | $392.4M | $282.9M | ||
| Q3 25 | $375.3M | $271.7M | ||
| Q2 25 | $379.8M | $252.3M | ||
| Q1 25 | $375.2M | $230.7M | ||
| Q4 24 | $404.0M | $209.6M | ||
| Q3 24 | $379.9M | $192.6M | ||
| Q2 24 | $438.8M | $178.3M | ||
| Q1 24 | $442.7M | $167.6M |
| Q4 25 | $-27.8M | $42.0M | ||
| Q3 25 | $-19.4M | $292.2M | ||
| Q2 25 | $-435.3M | $44.8M | ||
| Q1 25 | $-33.3M | $35.1M | ||
| Q4 24 | $-22.4M | $13.9M | ||
| Q3 24 | $39.6M | $23.4M | ||
| Q2 24 | $-5.5M | $24.4M | ||
| Q1 24 | $-8.5M | $27.0M |
| Q4 25 | — | 72.8% | ||
| Q3 25 | — | 72.5% | ||
| Q2 25 | — | 72.4% | ||
| Q1 25 | — | 71.1% | ||
| Q4 24 | — | 71.9% | ||
| Q3 24 | — | 72.9% | ||
| Q2 24 | — | 73.4% | ||
| Q1 24 | — | 73.0% |
| Q4 25 | -1.9% | 15.4% | ||
| Q3 25 | -1.9% | 12.9% | ||
| Q2 25 | -114.4% | 13.2% | ||
| Q1 25 | -5.4% | 10.2% | ||
| Q4 24 | -2.8% | 6.6% | ||
| Q3 24 | -4.2% | 7.0% | ||
| Q2 24 | 1.6% | 10.5% | ||
| Q1 24 | 2.7% | 9.8% |
| Q4 25 | -7.1% | 14.8% | ||
| Q3 25 | -5.2% | 107.5% | ||
| Q2 25 | -114.6% | 17.8% | ||
| Q1 25 | -8.9% | 15.2% | ||
| Q4 24 | -5.6% | 6.6% | ||
| Q3 24 | 10.4% | 12.1% | ||
| Q2 24 | -1.3% | 13.7% | ||
| Q1 24 | -1.9% | 16.1% |
| Q4 25 | $-0.18 | $0.99 | ||
| Q3 25 | $-0.11 | $5.95 | ||
| Q2 25 | $-2.55 | $0.91 | ||
| Q1 25 | $-0.20 | $0.72 | ||
| Q4 24 | $-0.13 | $0.31 | ||
| Q3 24 | $0.23 | $0.49 | ||
| Q2 24 | $-0.03 | $0.51 | ||
| Q1 24 | $-0.05 | $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 | $42.4M | $1.0B |
| Total DebtLower is stronger | $911.9M | — |
| Stockholders' EquityBook value | $650.1M | $1.3B |
| Total Assets | $2.6B | $2.0B |
| Debt / EquityLower = less leverage | 1.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.4M | $1.0B | ||
| Q3 25 | $30.7M | $1.0B | ||
| Q2 25 | $21.3M | $976.2M | ||
| Q1 25 | $18.7M | $884.0M | ||
| Q4 24 | $29.0M | $785.8M | ||
| Q3 24 | $25.4M | $854.4M | ||
| Q2 24 | $28.6M | $888.2M | ||
| Q1 24 | $33.1M | $829.7M |
| Q4 25 | $911.9M | — | ||
| Q3 25 | $906.2M | — | ||
| Q2 25 | $889.4M | — | ||
| Q1 25 | $935.0M | — | ||
| Q4 24 | $844.5M | — | ||
| Q3 24 | $804.6M | — | ||
| Q2 24 | $895.0M | — | ||
| Q1 24 | $881.8M | — |
| Q4 25 | $650.1M | $1.3B | ||
| Q3 25 | $670.3M | $1.3B | ||
| Q2 25 | $693.6M | $977.0M | ||
| Q1 25 | $1.1B | $893.8M | ||
| Q4 24 | $1.1B | $824.5M | ||
| Q3 24 | $1.2B | $822.5M | ||
| Q2 24 | $1.1B | $766.9M | ||
| Q1 24 | $1.2B | $711.1M |
| Q4 25 | $2.6B | $2.0B | ||
| Q3 25 | $2.6B | $1.9B | ||
| Q2 25 | $2.6B | $1.5B | ||
| Q1 25 | $3.1B | $1.4B | ||
| Q4 24 | $3.1B | $1.3B | ||
| Q3 24 | $3.1B | $1.2B | ||
| Q2 24 | $3.2B | $1.1B | ||
| Q1 24 | $3.2B | $1.1B |
| Q4 25 | 1.40× | — | ||
| Q3 25 | 1.35× | — | ||
| Q2 25 | 1.28× | — | ||
| Q1 25 | 0.85× | — | ||
| Q4 24 | 0.74× | — | ||
| Q3 24 | 0.68× | — | ||
| Q2 24 | 0.79× | — | ||
| Q1 24 | 0.76× | — |
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 | $45.0M | $107.3M |
| Free Cash FlowOCF − Capex | $27.9M | $96.6M |
| FCF MarginFCF / Revenue | 7.1% | 34.1% |
| Capex IntensityCapex / Revenue | 4.4% | 3.8% |
| Cash ConversionOCF / Net Profit | — | 2.56× |
| TTM Free Cash FlowTrailing 4 quarters | $-64.0M | $369.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.0M | $107.3M | ||
| Q3 25 | $42.3M | $84.2M | ||
| Q2 25 | $-32.5M | $90.7M | ||
| Q1 25 | $-20.8M | $105.6M | ||
| Q4 24 | $27.0M | $83.3M | ||
| Q3 24 | $3.3M | $56.3M | ||
| Q2 24 | $33.2M | $62.4M | ||
| Q1 24 | $-17.7M | $83.5M |
| Q4 25 | $27.9M | $96.6M | ||
| Q3 25 | $15.5M | $79.4M | ||
| Q2 25 | $-60.8M | $89.5M | ||
| Q1 25 | $-46.7M | $104.3M | ||
| Q4 24 | $-6.9M | $81.4M | ||
| Q3 24 | $-22.9M | $53.1M | ||
| Q2 24 | $1.6M | $56.8M | ||
| Q1 24 | $-46.8M | $82.1M |
| Q4 25 | 7.1% | 34.1% | ||
| Q3 25 | 4.1% | 29.2% | ||
| Q2 25 | -16.0% | 35.5% | ||
| Q1 25 | -12.5% | 45.2% | ||
| Q4 24 | -1.7% | 38.8% | ||
| Q3 24 | -6.0% | 27.6% | ||
| Q2 24 | 0.4% | 31.9% | ||
| Q1 24 | -10.6% | 49.0% |
| Q4 25 | 4.4% | 3.8% | ||
| Q3 25 | 7.1% | 1.8% | ||
| Q2 25 | 7.4% | 0.5% | ||
| Q1 25 | 6.9% | 0.6% | ||
| Q4 24 | 8.4% | 0.9% | ||
| Q3 24 | 6.9% | 1.7% | ||
| Q2 24 | 7.2% | 3.1% | ||
| Q1 24 | 6.6% | 0.8% |
| Q4 25 | — | 2.56× | ||
| Q3 25 | — | 0.29× | ||
| Q2 25 | — | 2.02× | ||
| Q1 25 | — | 3.01× | ||
| Q4 24 | — | 5.99× | ||
| Q3 24 | 0.08× | 2.41× | ||
| Q2 24 | — | 2.56× | ||
| Q1 24 | — | 3.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DNUT
Segment breakdown not available.
DUOL
| License And Service | $242.3M | 86% |
| Advertising | $20.2M | 7% |
| English Test | $10.3M | 4% |
| Other | $10.1M | 4% |
