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Side-by-side financial comparison of Duolingo, Inc. (DUOL) and PRA GROUP INC (PRAA). Click either name above to swap in a different company.
PRA GROUP INC is the larger business by last-quarter revenue ($333.4M vs $282.9M, roughly 1.2× Duolingo, Inc.). PRA GROUP INC runs the higher net margin — 17.0% vs 14.8%, a 2.1% gap on every dollar of revenue. On growth, Duolingo, Inc. posted the faster year-over-year revenue change (35.0% vs 13.7%). Duolingo, Inc. produced more free cash flow last quarter ($96.6M vs $-90.4M). Over the past eight quarters, Duolingo, Inc.'s revenue compounded faster (29.9% CAGR vs 14.2%).
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.
PRA Group, Inc. is a publicly traded debt buyer and debt collection company based in Norfolk, Virginia. The company buys delinquent consumer debt from credit card issuers and other financial institutions at a discount and pursues collection of the full debt owed. Founded in 1996, PRA Group employs more than 3200 people in 18 countries.
DUOL vs PRAA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $282.9M | $333.4M |
| Net Profit | $42.0M | $56.5M |
| Gross Margin | 72.8% | — |
| Operating Margin | 15.4% | 37.7% |
| Net Margin | 14.8% | 17.0% |
| Revenue YoY | 35.0% | 13.7% |
| Net Profit YoY | 201.7% | 206.3% |
| EPS (diluted) | $0.99 | $1.47 |
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 | $333.4M | ||
| Q3 25 | $271.7M | $311.1M | ||
| Q2 25 | $252.3M | $287.7M | ||
| Q1 25 | $230.7M | $269.6M | ||
| Q4 24 | $209.6M | $293.2M | ||
| Q3 24 | $192.6M | $281.5M | ||
| Q2 24 | $178.3M | $284.2M | ||
| Q1 24 | $167.6M | $255.6M |
| Q4 25 | $42.0M | $56.5M | ||
| Q3 25 | $292.2M | $-407.7M | ||
| Q2 25 | $44.8M | $42.4M | ||
| Q1 25 | $35.1M | $3.7M | ||
| Q4 24 | $13.9M | $18.5M | ||
| Q3 24 | $23.4M | $27.2M | ||
| Q2 24 | $24.4M | $21.5M | ||
| Q1 24 | $27.0M | $3.5M |
| 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 | 15.4% | 37.7% | ||
| Q3 25 | 12.9% | -101.4% | ||
| Q2 25 | 13.2% | 29.6% | ||
| Q1 25 | 10.2% | 27.7% | ||
| Q4 24 | 6.6% | 32.1% | ||
| Q3 24 | 7.0% | 32.0% | ||
| Q2 24 | 10.5% | 31.4% | ||
| Q1 24 | 9.8% | 26.0% |
| Q4 25 | 14.8% | 17.0% | ||
| Q3 25 | 107.5% | -131.0% | ||
| Q2 25 | 17.8% | 14.7% | ||
| Q1 25 | 15.2% | 1.4% | ||
| Q4 24 | 6.6% | 6.3% | ||
| Q3 24 | 12.1% | 9.6% | ||
| Q2 24 | 13.7% | 7.6% | ||
| Q1 24 | 16.1% | 1.4% |
| Q4 25 | $0.99 | $1.47 | ||
| Q3 25 | $5.95 | $-10.43 | ||
| Q2 25 | $0.91 | $1.08 | ||
| Q1 25 | $0.72 | $0.09 | ||
| Q4 24 | $0.31 | $0.47 | ||
| Q3 24 | $0.49 | $0.69 | ||
| Q2 24 | $0.51 | $0.54 | ||
| Q1 24 | $0.57 | $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 | $1.0B | $104.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3B | $979.9M |
| Total Assets | $2.0B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $104.4M | ||
| Q3 25 | $1.0B | $107.5M | ||
| Q2 25 | $976.2M | $131.6M | ||
| Q1 25 | $884.0M | $128.7M | ||
| Q4 24 | $785.8M | $105.9M | ||
| Q3 24 | $854.4M | $141.1M | ||
| Q2 24 | $888.2M | $118.9M | ||
| Q1 24 | $829.7M | $108.1M |
| Q4 25 | $1.3B | $979.9M | ||
| Q3 25 | $1.3B | $928.5M | ||
| Q2 25 | $977.0M | $1.3B | ||
| Q1 25 | $893.8M | $1.2B | ||
| Q4 24 | $824.5M | $1.1B | ||
| Q3 24 | $822.5M | $1.2B | ||
| Q2 24 | $766.9M | $1.1B | ||
| Q1 24 | $711.1M | $1.1B |
| Q4 25 | $2.0B | $5.1B | ||
| Q3 25 | $1.9B | $5.0B | ||
| Q2 25 | $1.5B | $5.4B | ||
| Q1 25 | $1.4B | $5.1B | ||
| Q4 24 | $1.3B | $4.9B | ||
| Q3 24 | $1.2B | $4.9B | ||
| Q2 24 | $1.1B | $4.7B | ||
| Q1 24 | $1.1B | $4.5B |
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 | $107.3M | $-85.5M |
| Free Cash FlowOCF − Capex | $96.6M | $-90.4M |
| FCF MarginFCF / Revenue | 34.1% | -27.1% |
| Capex IntensityCapex / Revenue | 3.8% | 1.4% |
| Cash ConversionOCF / Net Profit | 2.56× | -1.51× |
| TTM Free Cash FlowTrailing 4 quarters | $369.7M | $-169.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $107.3M | $-85.5M | ||
| Q3 25 | $84.2M | $-10.1M | ||
| Q2 25 | $90.7M | $-12.9M | ||
| Q1 25 | $105.6M | $-52.6M | ||
| Q4 24 | $83.3M | $-94.6M | ||
| Q3 24 | $56.3M | $-35.0M | ||
| Q2 24 | $62.4M | $-29.5M | ||
| Q1 24 | $83.5M | $-73.0M |
| Q4 25 | $96.6M | $-90.4M | ||
| Q3 25 | $79.4M | $-11.3M | ||
| Q2 25 | $89.5M | $-14.2M | ||
| Q1 25 | $104.3M | $-53.5M | ||
| Q4 24 | $81.4M | $-98.6M | ||
| Q3 24 | $53.1M | $-36.1M | ||
| Q2 24 | $56.8M | $-30.8M | ||
| Q1 24 | $82.1M | $-73.5M |
| Q4 25 | 34.1% | -27.1% | ||
| Q3 25 | 29.2% | -3.6% | ||
| Q2 25 | 35.5% | -4.9% | ||
| Q1 25 | 45.2% | -19.8% | ||
| Q4 24 | 38.8% | -33.6% | ||
| Q3 24 | 27.6% | -12.8% | ||
| Q2 24 | 31.9% | -10.8% | ||
| Q1 24 | 49.0% | -28.8% |
| Q4 25 | 3.8% | 1.4% | ||
| Q3 25 | 1.8% | 0.4% | ||
| Q2 25 | 0.5% | 0.4% | ||
| Q1 25 | 0.6% | 0.3% | ||
| Q4 24 | 0.9% | 1.4% | ||
| Q3 24 | 1.7% | 0.4% | ||
| Q2 24 | 3.1% | 0.5% | ||
| Q1 24 | 0.8% | 0.2% |
| Q4 25 | 2.56× | -1.51× | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | 2.02× | -0.30× | ||
| Q1 25 | 3.01× | -14.37× | ||
| Q4 24 | 5.99× | -5.13× | ||
| Q3 24 | 2.41× | -1.29× | ||
| Q2 24 | 2.56× | -1.37× | ||
| Q1 24 | 3.10× | -21.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DUOL
| License And Service | $242.3M | 86% |
| Advertising | $20.2M | 7% |
| English Test | $10.3M | 4% |
| Other | $10.1M | 4% |
PRAA
| GB | $170.1M | 51% |
| Other | $163.3M | 49% |
