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Side-by-side financial comparison of Duolingo, Inc. (DUOL) and MOVADO GROUP INC (MOV). Click either name above to swap in a different company.
Duolingo, Inc. is the larger business by last-quarter revenue ($295.5M vs $186.1M, roughly 1.6× MOVADO GROUP INC). Duolingo, Inc. runs the higher net margin — 11.9% vs 5.1%, a 6.7% gap on every dollar of revenue. On growth, Duolingo, Inc. posted the faster year-over-year revenue change (27.0% vs 1.9%). Duolingo, Inc. produced more free cash flow last quarter ($103.0M vs $11.6M). Over the past eight quarters, Duolingo, Inc.'s revenue compounded faster (28.7% CAGR vs 2.9%).
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.
Movado is a luxury American watch brand originally founded in 1881 in Switzerland. Movado means "movement" in Esperanto. The watches are known for their signature metallic dot at 12 o'clock and minimalist style; the company is best known for its Museum Watch.
DUOL vs MOV — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $295.5M | $186.1M |
| Net Profit | $35.1M | $9.6M |
| Gross Margin | 55.5% | 54.3% |
| Operating Margin | 8.0% | 6.3% |
| Net Margin | 11.9% | 5.1% |
| Revenue YoY | 27.0% | 1.9% |
| Net Profit YoY | 24.0% | 89.8% |
| EPS (diluted) | $0.72 | $0.42 |
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 | $282.9M | $186.1M | ||
| Q3 25 | $271.7M | $161.8M | ||
| Q2 25 | $252.3M | $131.8M | ||
| Q1 25 | $230.7M | $181.5M | ||
| Q4 24 | $209.6M | $180.5M | ||
| Q3 24 | $192.6M | $157.0M | ||
| Q2 24 | $178.3M | $134.4M |
| Q1 26 | $35.1M | — | ||
| Q4 25 | $42.0M | $9.6M | ||
| Q3 25 | $292.2M | $3.0M | ||
| Q2 25 | $44.8M | $1.4M | ||
| Q1 25 | $35.1M | $8.1M | ||
| Q4 24 | $13.9M | $4.8M | ||
| Q3 24 | $23.4M | $3.5M | ||
| Q2 24 | $24.4M | $2.0M |
| Q1 26 | 55.5% | — | ||
| Q4 25 | 72.8% | 54.3% | ||
| Q3 25 | 72.5% | 54.1% | ||
| Q2 25 | 72.4% | 54.1% | ||
| Q1 25 | 71.1% | 54.2% | ||
| Q4 24 | 71.9% | 53.5% | ||
| Q3 24 | 72.9% | 54.3% | ||
| Q2 24 | 73.4% | 54.3% |
| Q1 26 | 8.0% | — | ||
| Q4 25 | 15.4% | 6.3% | ||
| Q3 25 | 12.9% | 2.5% | ||
| Q2 25 | 13.2% | 0.2% | ||
| Q1 25 | 10.2% | 5.1% | ||
| Q4 24 | 6.6% | 3.3% | ||
| Q3 24 | 7.0% | 1.7% | ||
| Q2 24 | 10.5% | 1.6% |
| Q1 26 | 11.9% | — | ||
| Q4 25 | 14.8% | 5.1% | ||
| Q3 25 | 107.5% | 1.8% | ||
| Q2 25 | 17.8% | 1.1% | ||
| Q1 25 | 15.2% | 4.4% | ||
| Q4 24 | 6.6% | 2.7% | ||
| Q3 24 | 12.1% | 2.2% | ||
| Q2 24 | 13.7% | 1.5% |
| Q1 26 | $0.72 | — | ||
| Q4 25 | $0.99 | $0.42 | ||
| Q3 25 | $5.95 | $0.13 | ||
| Q2 25 | $0.91 | $0.06 | ||
| Q1 25 | $0.72 | $0.36 | ||
| Q4 24 | $0.31 | $0.21 | ||
| Q3 24 | $0.49 | $0.15 | ||
| Q2 24 | $0.51 | $0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.1B | $183.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3B | $497.5M |
| Total Assets | $2.0B | $751.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.0B | $183.9M | ||
| Q3 25 | $1.0B | $180.5M | ||
| Q2 25 | $976.2M | $203.1M | ||
| Q1 25 | $884.0M | $208.5M | ||
| Q4 24 | $785.8M | $181.5M | ||
| Q3 24 | $854.4M | $198.3M | ||
| Q2 24 | $888.2M | $225.4M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $497.5M | ||
| Q3 25 | $1.3B | $489.9M | ||
| Q2 25 | $977.0M | $493.2M | ||
| Q1 25 | $893.8M | $481.3M | ||
| Q4 24 | $824.5M | $491.3M | ||
| Q3 24 | $822.5M | $492.0M | ||
| Q2 24 | $766.9M | $489.6M |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $751.9M | ||
| Q3 25 | $1.9B | $748.7M | ||
| Q2 25 | $1.5B | $747.2M | ||
| Q1 25 | $1.4B | $729.2M | ||
| Q4 24 | $1.3B | $747.2M | ||
| Q3 24 | $1.2B | $742.5M | ||
| Q2 24 | $1.1B | $736.0M |
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 | $105.6M | $12.3M |
| Free Cash FlowOCF − Capex | $103.0M | $11.6M |
| FCF MarginFCF / Revenue | 34.9% | 6.2% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | 3.01× | 1.28× |
| TTM Free Cash FlowTrailing 4 quarters | $368.4M | $35.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $105.6M | — | ||
| Q4 25 | $107.3M | $12.3M | ||
| Q3 25 | $84.2M | $-3.8M | ||
| Q2 25 | $90.7M | $-7.2M | ||
| Q1 25 | $105.6M | $39.1M | ||
| Q4 24 | $83.3M | $-4.7M | ||
| Q3 24 | $56.3M | $-17.8M | ||
| Q2 24 | $62.4M | $-18.1M |
| Q1 26 | $103.0M | — | ||
| Q4 25 | $96.6M | $11.6M | ||
| Q3 25 | $79.4M | $-5.1M | ||
| Q2 25 | $89.5M | $-8.7M | ||
| Q1 25 | $104.3M | $37.5M | ||
| Q4 24 | $81.4M | $-7.2M | ||
| Q3 24 | $53.1M | $-20.1M | ||
| Q2 24 | $56.8M | $-19.7M |
| Q1 26 | 34.9% | — | ||
| Q4 25 | 34.1% | 6.2% | ||
| Q3 25 | 29.2% | -3.1% | ||
| Q2 25 | 35.5% | -6.6% | ||
| Q1 25 | 45.2% | 20.7% | ||
| Q4 24 | 38.8% | -4.0% | ||
| Q3 24 | 27.6% | -12.8% | ||
| Q2 24 | 31.9% | -14.7% |
| Q1 26 | — | — | ||
| Q4 25 | 3.8% | 0.4% | ||
| Q3 25 | 1.8% | 0.8% | ||
| Q2 25 | 0.5% | 1.2% | ||
| Q1 25 | 0.6% | 0.9% | ||
| Q4 24 | 0.9% | 1.4% | ||
| Q3 24 | 1.7% | 1.5% | ||
| Q2 24 | 3.1% | 1.2% |
| Q1 26 | 3.01× | — | ||
| Q4 25 | 2.56× | 1.28× | ||
| Q3 25 | 0.29× | -1.27× | ||
| Q2 25 | 2.02× | -5.08× | ||
| Q1 25 | 3.01× | 4.86× | ||
| Q4 24 | 5.99× | -0.98× | ||
| Q3 24 | 2.41× | -5.14× | ||
| Q2 24 | 2.56× | -8.97× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DUOL
| Bookings | $283.5M | 96% |
| Other | $12.0M | 4% |
MOV
| Other | $81.4M | 44% |
| Owned Brands Category | $46.0M | 25% |
| Sales Channel Directly To Consumer | $35.3M | 19% |
| Company Stores | $23.4M | 13% |
