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Side-by-side financial comparison of Duolingo, Inc. (DUOL) and New Fortress Energy Inc. (NFE). Click either name above to swap in a different company.
New Fortress Energy Inc. is the larger business by last-quarter revenue ($326.2M vs $295.5M, roughly 1.1× Duolingo, Inc.). Duolingo, Inc. runs the higher net margin — 11.9% vs -259.7%, a 271.5% gap on every dollar of revenue. On growth, Duolingo, Inc. posted the faster year-over-year revenue change (27.0% vs -7.0%). Duolingo, Inc. produced more free cash flow last quarter ($103.0M vs $-134.8M). Over the past eight quarters, Duolingo, Inc.'s revenue compounded faster (28.7% CAGR vs -26.8%).
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.
New Fortress Energy Inc. is a global energy infrastructure firm developing, owning and operating LNG import/export terminals, natural gas supply networks and low-carbon projects. It serves utility, industrial and public sector clients across the Americas and Caribbean, delivering affordable, lower-emission energy resources.
DUOL vs NFE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $295.5M | $326.2M |
| Net Profit | $35.1M | $-847.1M |
| Gross Margin | 55.5% | 35.5% |
| Operating Margin | 8.0% | -193.0% |
| Net Margin | 11.9% | -259.7% |
| Revenue YoY | 27.0% | -7.0% |
| Net Profit YoY | 24.0% | -277.4% |
| EPS (diluted) | $0.72 | $-3.03 |
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 | $326.2M | ||
| Q3 25 | $271.7M | $240.3M | ||
| Q2 25 | $252.3M | $228.1M | ||
| Q1 25 | $230.7M | $384.9M | ||
| Q4 24 | $209.6M | $350.7M | ||
| Q3 24 | $192.6M | $446.0M | ||
| Q2 24 | $178.3M | $291.2M |
| Q1 26 | $35.1M | — | ||
| Q4 25 | $42.0M | $-847.1M | ||
| Q3 25 | $292.2M | $-263.0M | ||
| Q2 25 | $44.8M | $-546.5M | ||
| Q1 25 | $35.1M | $-175.4M | ||
| Q4 24 | $13.9M | $-224.4M | ||
| Q3 24 | $23.4M | $9.3M | ||
| Q2 24 | $24.4M | $-88.9M |
| Q1 26 | 55.5% | — | ||
| Q4 25 | 72.8% | 35.5% | ||
| Q3 25 | 72.5% | 18.1% | ||
| Q2 25 | 72.4% | 8.4% | ||
| Q1 25 | 71.1% | 21.4% | ||
| Q4 24 | 71.9% | 17.6% | ||
| Q3 24 | 72.9% | 27.1% | ||
| Q2 24 | 73.4% | 23.8% |
| Q1 26 | 8.0% | — | ||
| Q4 25 | 15.4% | -193.0% | ||
| Q3 25 | 12.9% | -37.4% | ||
| Q2 25 | 13.2% | -170.3% | ||
| Q1 25 | 10.2% | -3.3% | ||
| Q4 24 | 6.6% | 65.0% | ||
| Q3 24 | 7.0% | 17.8% | ||
| Q2 24 | 10.5% | 12.3% |
| Q1 26 | 11.9% | — | ||
| Q4 25 | 14.8% | -259.7% | ||
| Q3 25 | 107.5% | -109.4% | ||
| Q2 25 | 17.8% | -239.6% | ||
| Q1 25 | 15.2% | -45.6% | ||
| Q4 24 | 6.6% | -64.0% | ||
| Q3 24 | 12.1% | 2.1% | ||
| Q2 24 | 13.7% | -30.5% |
| Q1 26 | $0.72 | — | ||
| Q4 25 | $0.99 | $-3.03 | ||
| Q3 25 | $5.95 | $-0.96 | ||
| Q2 25 | $0.91 | $-1.99 | ||
| Q1 25 | $0.72 | $-0.65 | ||
| Q4 24 | $0.31 | $-1.10 | ||
| Q3 24 | $0.49 | $0.03 | ||
| Q2 24 | $0.51 | $-0.42 |
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 | $226.5M |
| Total DebtLower is stronger | — | $8.2B |
| Stockholders' EquityBook value | $1.3B | $182.6M |
| Total Assets | $2.0B | $10.6B |
| Debt / EquityLower = less leverage | — | 44.78× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.0B | $226.5M | ||
| Q3 25 | $1.0B | $145.2M | ||
| Q2 25 | $976.2M | $551.1M | ||
| Q1 25 | $884.0M | $447.9M | ||
| Q4 24 | $785.8M | $492.9M | ||
| Q3 24 | $854.4M | $90.8M | ||
| Q2 24 | $888.2M | $133.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $8.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $8.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $182.6M | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $977.0M | $1.3B | ||
| Q1 25 | $893.8M | $1.8B | ||
| Q4 24 | $824.5M | $1.9B | ||
| Q3 24 | $822.5M | $1.6B | ||
| Q2 24 | $766.9M | $1.6B |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $10.6B | ||
| Q3 25 | $1.9B | $12.0B | ||
| Q2 25 | $1.5B | $12.0B | ||
| Q1 25 | $1.4B | $13.1B | ||
| Q4 24 | $1.3B | $12.9B | ||
| Q3 24 | $1.2B | $12.0B | ||
| Q2 24 | $1.1B | $11.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 44.78× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.74× | ||
| 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 | $105.6M | $-76.2M |
| Free Cash FlowOCF − Capex | $103.0M | $-134.8M |
| FCF MarginFCF / Revenue | 34.9% | -41.3% |
| Capex IntensityCapex / Revenue | — | 18.0% |
| Cash ConversionOCF / Net Profit | 3.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | $368.4M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $105.6M | — | ||
| Q4 25 | $107.3M | $-76.2M | ||
| Q3 25 | $84.2M | $-171.0M | ||
| Q2 25 | $90.7M | $-329.0M | ||
| Q1 25 | $105.6M | $-7.2M | ||
| Q4 24 | $83.3M | $445.3M | ||
| Q3 24 | $56.3M | $-20.0M | ||
| Q2 24 | $62.4M | $113.9M |
| Q1 26 | $103.0M | — | ||
| Q4 25 | $96.6M | $-134.8M | ||
| Q3 25 | $79.4M | $-231.6M | ||
| Q2 25 | $89.5M | $-726.7M | ||
| Q1 25 | $104.3M | $-262.3M | ||
| Q4 24 | $81.4M | $-210.3M | ||
| Q3 24 | $53.1M | $-367.0M | ||
| Q2 24 | $56.8M | $-493.2M |
| Q1 26 | 34.9% | — | ||
| Q4 25 | 34.1% | -41.3% | ||
| Q3 25 | 29.2% | -96.4% | ||
| Q2 25 | 35.5% | -318.6% | ||
| Q1 25 | 45.2% | -68.2% | ||
| Q4 24 | 38.8% | -60.0% | ||
| Q3 24 | 27.6% | -82.3% | ||
| Q2 24 | 31.9% | -169.3% |
| Q1 26 | — | — | ||
| Q4 25 | 3.8% | 18.0% | ||
| Q3 25 | 1.8% | 25.2% | ||
| Q2 25 | 0.5% | 174.4% | ||
| Q1 25 | 0.6% | 66.3% | ||
| Q4 24 | 0.9% | 187.0% | ||
| Q3 24 | 1.7% | 77.8% | ||
| Q2 24 | 3.1% | 208.4% |
| 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× | -2.15× | ||
| Q2 24 | 2.56× | — |
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% |
NFE
Segment breakdown not available.
