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Side-by-side financial comparison of Duolingo, Inc. (DUOL) and Revolve Group, Inc. (RVLV). Click either name above to swap in a different company.
Revolve Group, Inc. is the larger business by last-quarter revenue ($324.4M vs $282.9M, roughly 1.1× Duolingo, Inc.). Duolingo, Inc. runs the higher net margin — 14.8% vs 5.7%, a 9.1% gap on every dollar of revenue. On growth, Duolingo, Inc. posted the faster year-over-year revenue change (35.0% vs 10.4%). Duolingo, Inc. produced more free cash flow last quarter ($96.6M vs $-13.3M). Over the past eight quarters, Duolingo, Inc.'s revenue compounded faster (29.9% CAGR vs 9.5%).
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.
Revolve Theatre Company is a Henley-on-Thames based theatre company specialising in political and Shakespearean plays. The company is owned by Oliver Dench, Joe Morris and Tom Smith.
DUOL vs RVLV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $282.9M | $324.4M |
| Net Profit | $42.0M | $18.6M |
| Gross Margin | 72.8% | 53.3% |
| Operating Margin | 15.4% | 6.3% |
| Net Margin | 14.8% | 5.7% |
| Revenue YoY | 35.0% | 10.4% |
| Net Profit YoY | 201.7% | 50.4% |
| EPS (diluted) | $0.99 | $0.27 |
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 | $324.4M | ||
| Q3 25 | $271.7M | $295.6M | ||
| Q2 25 | $252.3M | $309.0M | ||
| Q1 25 | $230.7M | $296.7M | ||
| Q4 24 | $209.6M | $293.7M | ||
| Q3 24 | $192.6M | $283.1M | ||
| Q2 24 | $178.3M | $282.5M | ||
| Q1 24 | $167.6M | $270.6M |
| Q4 25 | $42.0M | $18.6M | ||
| Q3 25 | $292.2M | $21.2M | ||
| Q2 25 | $44.8M | $10.2M | ||
| Q1 25 | $35.1M | $11.8M | ||
| Q4 24 | $13.9M | $12.3M | ||
| Q3 24 | $23.4M | $11.0M | ||
| Q2 24 | $24.4M | $15.4M | ||
| Q1 24 | $27.0M | $10.9M |
| Q4 25 | 72.8% | 53.3% | ||
| Q3 25 | 72.5% | 54.6% | ||
| Q2 25 | 72.4% | 54.1% | ||
| Q1 25 | 71.1% | 52.0% | ||
| Q4 24 | 71.9% | 52.5% | ||
| Q3 24 | 72.9% | 51.2% | ||
| Q2 24 | 73.4% | 54.0% | ||
| Q1 24 | 73.0% | 52.3% |
| Q4 25 | 15.4% | 6.3% | ||
| Q3 25 | 12.9% | 7.1% | ||
| Q2 25 | 13.2% | 5.8% | ||
| Q1 25 | 10.2% | 5.0% | ||
| Q4 24 | 6.6% | 3.9% | ||
| Q3 24 | 7.0% | 5.0% | ||
| Q2 24 | 10.5% | 5.8% | ||
| Q1 24 | 9.8% | 3.4% |
| Q4 25 | 14.8% | 5.7% | ||
| Q3 25 | 107.5% | 7.2% | ||
| Q2 25 | 17.8% | 3.3% | ||
| Q1 25 | 15.2% | 4.0% | ||
| Q4 24 | 6.6% | 4.2% | ||
| Q3 24 | 12.1% | 3.9% | ||
| Q2 24 | 13.7% | 5.4% | ||
| Q1 24 | 16.1% | 4.0% |
| Q4 25 | $0.99 | $0.27 | ||
| Q3 25 | $5.95 | $0.29 | ||
| Q2 25 | $0.91 | $0.14 | ||
| Q1 25 | $0.72 | $0.16 | ||
| Q4 24 | $0.31 | $0.18 | ||
| Q3 24 | $0.49 | $0.15 | ||
| Q2 24 | $0.51 | $0.21 | ||
| Q1 24 | $0.57 | $0.15 |
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 | $292.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3B | $512.5M |
| Total Assets | $2.0B | $765.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $292.3M | ||
| Q3 25 | $1.0B | $315.4M | ||
| Q2 25 | $976.2M | $310.7M | ||
| Q1 25 | $884.0M | $300.8M | ||
| Q4 24 | $785.8M | $256.6M | ||
| Q3 24 | $854.4M | $252.8M | ||
| Q2 24 | $888.2M | $244.7M | ||
| Q1 24 | $829.7M | $273.4M |
| Q4 25 | $1.3B | $512.5M | ||
| Q3 25 | $1.3B | $490.2M | ||
| Q2 25 | $977.0M | $468.6M | ||
| Q1 25 | $893.8M | $453.4M | ||
| Q4 24 | $824.5M | $437.8M | ||
| Q3 24 | $822.5M | $420.8M | ||
| Q2 24 | $766.9M | $405.8M | ||
| Q1 24 | $711.1M | $389.9M |
| Q4 25 | $2.0B | $765.0M | ||
| Q3 25 | $1.9B | $751.3M | ||
| Q2 25 | $1.5B | $722.9M | ||
| Q1 25 | $1.4B | $713.9M | ||
| Q4 24 | $1.3B | $665.5M | ||
| Q3 24 | $1.2B | $670.9M | ||
| Q2 24 | $1.1B | $657.8M | ||
| Q1 24 | $1.1B | $650.0M |
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 | $107.3M | $-10.2M |
| Free Cash FlowOCF − Capex | $96.6M | $-13.3M |
| FCF MarginFCF / Revenue | 34.1% | -4.1% |
| Capex IntensityCapex / Revenue | 3.8% | 1.0% |
| Cash ConversionOCF / Net Profit | 2.56× | -0.55× |
| TTM Free Cash FlowTrailing 4 quarters | $369.7M | $48.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $107.3M | $-10.2M | ||
| Q3 25 | $84.2M | $11.8M | ||
| Q2 25 | $90.7M | $12.6M | ||
| Q1 25 | $105.6M | $45.1M | ||
| Q4 24 | $83.3M | $3.9M | ||
| Q3 24 | $56.3M | $9.1M | ||
| Q2 24 | $62.4M | $-24.7M | ||
| Q1 24 | $83.5M | $38.4M |
| Q4 25 | $96.6M | $-13.3M | ||
| Q3 25 | $79.4M | $7.5M | ||
| Q2 25 | $89.5M | $10.4M | ||
| Q1 25 | $104.3M | $43.4M | ||
| Q4 24 | $81.4M | $2.1M | ||
| Q3 24 | $53.1M | $8.0M | ||
| Q2 24 | $56.8M | $-25.7M | ||
| Q1 24 | $82.1M | $36.7M |
| Q4 25 | 34.1% | -4.1% | ||
| Q3 25 | 29.2% | 2.5% | ||
| Q2 25 | 35.5% | 3.4% | ||
| Q1 25 | 45.2% | 14.6% | ||
| Q4 24 | 38.8% | 0.7% | ||
| Q3 24 | 27.6% | 2.8% | ||
| Q2 24 | 31.9% | -9.1% | ||
| Q1 24 | 49.0% | 13.5% |
| Q4 25 | 3.8% | 1.0% | ||
| Q3 25 | 1.8% | 1.5% | ||
| Q2 25 | 0.5% | 0.7% | ||
| Q1 25 | 0.6% | 0.6% | ||
| Q4 24 | 0.9% | 0.6% | ||
| Q3 24 | 1.7% | 0.4% | ||
| Q2 24 | 3.1% | 0.4% | ||
| Q1 24 | 0.8% | 0.6% |
| Q4 25 | 2.56× | -0.55× | ||
| Q3 25 | 0.29× | 0.56× | ||
| Q2 25 | 2.02× | 1.24× | ||
| Q1 25 | 3.01× | 3.82× | ||
| Q4 24 | 5.99× | 0.32× | ||
| Q3 24 | 2.41× | 0.83× | ||
| Q2 24 | 2.56× | -1.60× | ||
| Q1 24 | 3.10× | 3.53× |
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% |
RVLV
| Fashion Apparel | $155.1M | 48% |
| Dresses | $76.4M | 24% |
| Handbags Shoes And Accessories | $67.6M | 21% |
| Beauty | $20.3M | 6% |
| Manufactured Product Other | $5.0M | 2% |
| Breakage On Store Credit And Gift Cards | $900.0K | 0% |
