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Side-by-side financial comparison of Duolingo, Inc. (DUOL) and Stoke Therapeutics, Inc. (STOK). Click either name above to swap in a different company.

Duolingo, Inc. is the larger business by last-quarter revenue ($295.5M vs $158.6M, roughly 1.9× Stoke Therapeutics, Inc.). Stoke Therapeutics, Inc. runs the higher net margin — 71.2% vs 11.9%, a 59.3% gap on every dollar of revenue. On growth, Stoke Therapeutics, Inc. posted the faster year-over-year revenue change (3661.1% vs 27.0%). Stoke Therapeutics, Inc. produced more free cash flow last quarter ($131.7M vs $103.0M).

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.

Stoke Therapeutics, Inc. is a clinical-stage biotechnology company developing innovative RNA-targeted therapies for severe rare genetic diseases. Its lead candidates address unmet needs for Dravet syndrome, a rare epilepsy, and other neurological monogenic disorders, serving patients across North America and global markets.

DUOL vs STOK — Head-to-Head

Bigger by revenue
DUOL
DUOL
1.9× larger
DUOL
$295.5M
$158.6M
STOK
Growing faster (revenue YoY)
STOK
STOK
+3634.1% gap
STOK
3661.1%
27.0%
DUOL
Higher net margin
STOK
STOK
59.3% more per $
STOK
71.2%
11.9%
DUOL
More free cash flow
STOK
STOK
$28.7M more FCF
STOK
$131.7M
$103.0M
DUOL

Income Statement — Q1 FY2026 vs Q1 FY2025

Metric
DUOL
DUOL
STOK
STOK
Revenue
$295.5M
$158.6M
Net Profit
$35.1M
$112.9M
Gross Margin
55.5%
Operating Margin
8.0%
70.2%
Net Margin
11.9%
71.2%
Revenue YoY
27.0%
3661.1%
Net Profit YoY
24.0%
528.0%
EPS (diluted)
$0.72
$1.90

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.

Revenue
DUOL
DUOL
STOK
STOK
Q1 26
$295.5M
Q4 25
$282.9M
Q3 25
$271.7M
Q2 25
$252.3M
Q1 25
$230.7M
$158.6M
Q4 24
$209.6M
$22.6M
Q3 24
$192.6M
Q2 24
$178.3M
Net Profit
DUOL
DUOL
STOK
STOK
Q1 26
$35.1M
Q4 25
$42.0M
Q3 25
$292.2M
Q2 25
$44.8M
Q1 25
$35.1M
$112.9M
Q4 24
$13.9M
$-10.5M
Q3 24
$23.4M
Q2 24
$24.4M
Gross Margin
DUOL
DUOL
STOK
STOK
Q1 26
55.5%
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%
Operating Margin
DUOL
DUOL
STOK
STOK
Q1 26
8.0%
Q4 25
15.4%
Q3 25
12.9%
Q2 25
13.2%
Q1 25
10.2%
70.2%
Q4 24
6.6%
-60.4%
Q3 24
7.0%
Q2 24
10.5%
Net Margin
DUOL
DUOL
STOK
STOK
Q1 26
11.9%
Q4 25
14.8%
Q3 25
107.5%
Q2 25
17.8%
Q1 25
15.2%
71.2%
Q4 24
6.6%
-46.4%
Q3 24
12.1%
Q2 24
13.7%
EPS (diluted)
DUOL
DUOL
STOK
STOK
Q1 26
$0.72
Q4 25
$0.99
Q3 25
$5.95
Q2 25
$0.91
Q1 25
$0.72
$1.90
Q4 24
$0.31
$-0.15
Q3 24
$0.49
Q2 24
$0.51

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DUOL
DUOL
STOK
STOK
Cash + ST InvestmentsLiquidity on hand
$1.1B
$274.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3B
$350.1M
Total Assets
$2.0B
$406.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DUOL
DUOL
STOK
STOK
Q1 26
$1.1B
Q4 25
$1.0B
Q3 25
$1.0B
Q2 25
$976.2M
Q1 25
$884.0M
$274.8M
Q4 24
$785.8M
$128.0M
Q3 24
$854.4M
Q2 24
$888.2M
Stockholders' Equity
DUOL
DUOL
STOK
STOK
Q1 26
$1.3B
Q4 25
$1.3B
Q3 25
$1.3B
Q2 25
$977.0M
Q1 25
$893.8M
$350.1M
Q4 24
$824.5M
$229.0M
Q3 24
$822.5M
Q2 24
$766.9M
Total Assets
DUOL
DUOL
STOK
STOK
Q1 26
$2.0B
Q4 25
$2.0B
Q3 25
$1.9B
Q2 25
$1.5B
Q1 25
$1.4B
$406.9M
Q4 24
$1.3B
$271.6M
Q3 24
$1.2B
Q2 24
$1.1B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DUOL
DUOL
STOK
STOK
Operating Cash FlowLast quarter
$105.6M
$131.8M
Free Cash FlowOCF − Capex
$103.0M
$131.7M
FCF MarginFCF / Revenue
34.9%
83.0%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
3.01×
1.17×
TTM Free Cash FlowTrailing 4 quarters
$368.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DUOL
DUOL
STOK
STOK
Q1 26
$105.6M
Q4 25
$107.3M
Q3 25
$84.2M
Q2 25
$90.7M
Q1 25
$105.6M
$131.8M
Q4 24
$83.3M
$-23.2M
Q3 24
$56.3M
Q2 24
$62.4M
Free Cash Flow
DUOL
DUOL
STOK
STOK
Q1 26
$103.0M
Q4 25
$96.6M
Q3 25
$79.4M
Q2 25
$89.5M
Q1 25
$104.3M
$131.7M
Q4 24
$81.4M
$-23.2M
Q3 24
$53.1M
Q2 24
$56.8M
FCF Margin
DUOL
DUOL
STOK
STOK
Q1 26
34.9%
Q4 25
34.1%
Q3 25
29.2%
Q2 25
35.5%
Q1 25
45.2%
83.0%
Q4 24
38.8%
-102.7%
Q3 24
27.6%
Q2 24
31.9%
Capex Intensity
DUOL
DUOL
STOK
STOK
Q1 26
Q4 25
3.8%
Q3 25
1.8%
Q2 25
0.5%
Q1 25
0.6%
0.1%
Q4 24
0.9%
0.2%
Q3 24
1.7%
Q2 24
3.1%
Cash Conversion
DUOL
DUOL
STOK
STOK
Q1 26
3.01×
Q4 25
2.56×
Q3 25
0.29×
Q2 25
2.02×
Q1 25
3.01×
1.17×
Q4 24
5.99×
Q3 24
2.41×
Q2 24
2.56×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DUOL
DUOL

Bookings$283.5M96%
Other$12.0M4%

STOK
STOK

Segment breakdown not available.

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