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Side-by-side financial comparison of Duolingo, Inc. (DUOL) and Vital Farms, Inc. (VITL). Click either name above to swap in a different company.
Duolingo, Inc. is the larger business by last-quarter revenue ($295.5M vs $213.6M, roughly 1.4× Vital Farms, Inc.). Duolingo, Inc. runs the higher net margin — 11.9% vs 7.6%, a 4.2% gap on every dollar of revenue. On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs 27.0%). Duolingo, Inc. produced more free cash flow last quarter ($103.0M vs $-32.1M). Over the past eight quarters, Duolingo, Inc.'s revenue compounded faster (28.7% CAGR vs 20.2%).
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.
Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".
DUOL vs VITL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $295.5M | $213.6M |
| Net Profit | $35.1M | $16.3M |
| Gross Margin | 55.5% | 35.8% |
| Operating Margin | 8.0% | 10.0% |
| Net Margin | 11.9% | 7.6% |
| Revenue YoY | 27.0% | 28.7% |
| Net Profit YoY | 24.0% | 54.3% |
| EPS (diluted) | $0.72 | $0.35 |
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 | $213.6M | ||
| Q3 25 | $271.7M | $198.9M | ||
| Q2 25 | $252.3M | $184.8M | ||
| Q1 25 | $230.7M | $162.2M | ||
| Q4 24 | $209.6M | $166.0M | ||
| Q3 24 | $192.6M | $145.0M | ||
| Q2 24 | $178.3M | $147.4M |
| Q1 26 | $35.1M | — | ||
| Q4 25 | $42.0M | $16.3M | ||
| Q3 25 | $292.2M | $16.4M | ||
| Q2 25 | $44.8M | $16.6M | ||
| Q1 25 | $35.1M | $16.9M | ||
| Q4 24 | $13.9M | $10.6M | ||
| Q3 24 | $23.4M | $7.4M | ||
| Q2 24 | $24.4M | $16.3M |
| Q1 26 | 55.5% | — | ||
| Q4 25 | 72.8% | 35.8% | ||
| Q3 25 | 72.5% | 37.7% | ||
| Q2 25 | 72.4% | 38.9% | ||
| Q1 25 | 71.1% | 38.5% | ||
| Q4 24 | 71.9% | 36.1% | ||
| Q3 24 | 72.9% | 36.9% | ||
| Q2 24 | 73.4% | 39.1% |
| Q1 26 | 8.0% | — | ||
| Q4 25 | 15.4% | 10.0% | ||
| Q3 25 | 12.9% | 10.8% | ||
| Q2 25 | 13.2% | 12.9% | ||
| Q1 25 | 10.2% | 13.4% | ||
| Q4 24 | 6.6% | 7.8% | ||
| Q3 24 | 7.0% | 6.4% | ||
| Q2 24 | 10.5% | 11.6% |
| Q1 26 | 11.9% | — | ||
| Q4 25 | 14.8% | 7.6% | ||
| Q3 25 | 107.5% | 8.3% | ||
| Q2 25 | 17.8% | 9.0% | ||
| Q1 25 | 15.2% | 10.4% | ||
| Q4 24 | 6.6% | 6.4% | ||
| Q3 24 | 12.1% | 5.1% | ||
| Q2 24 | 13.7% | 11.1% |
| Q1 26 | $0.72 | — | ||
| Q4 25 | $0.99 | $0.35 | ||
| Q3 25 | $5.95 | $0.36 | ||
| Q2 25 | $0.91 | $0.36 | ||
| Q1 25 | $0.72 | $0.37 | ||
| Q4 24 | $0.31 | $0.23 | ||
| Q3 24 | $0.49 | $0.16 | ||
| Q2 24 | $0.51 | $0.36 |
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 | $48.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3B | $351.3M |
| Total Assets | $2.0B | $518.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.0B | $48.8M | ||
| Q3 25 | $1.0B | $93.8M | ||
| Q2 25 | $976.2M | $108.2M | ||
| Q1 25 | $884.0M | $156.3M | ||
| Q4 24 | $785.8M | $150.6M | ||
| Q3 24 | $854.4M | $149.5M | ||
| Q2 24 | $888.2M | $133.2M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $351.3M | ||
| Q3 25 | $1.3B | $331.2M | ||
| Q2 25 | $977.0M | $309.8M | ||
| Q1 25 | $893.8M | $288.9M | ||
| Q4 24 | $824.5M | $269.3M | ||
| Q3 24 | $822.5M | $253.4M | ||
| Q2 24 | $766.9M | $238.4M |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $518.7M | ||
| Q3 25 | $1.9B | $481.5M | ||
| Q2 25 | $1.5B | $430.8M | ||
| Q1 25 | $1.4B | $376.9M | ||
| Q4 24 | $1.3B | $359.3M | ||
| Q3 24 | $1.2B | $344.7M | ||
| Q2 24 | $1.1B | $320.5M |
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 | $5.8M |
| Free Cash FlowOCF − Capex | $103.0M | $-32.1M |
| FCF MarginFCF / Revenue | 34.9% | -15.1% |
| Capex IntensityCapex / Revenue | — | 17.8% |
| Cash ConversionOCF / Net Profit | 3.01× | 0.35× |
| TTM Free Cash FlowTrailing 4 quarters | $368.4M | $-48.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $105.6M | — | ||
| Q4 25 | $107.3M | $5.8M | ||
| Q3 25 | $84.2M | $23.4M | ||
| Q2 25 | $90.7M | $-761.0K | ||
| Q1 25 | $105.6M | $5.3M | ||
| Q4 24 | $83.3M | $14.8M | ||
| Q3 24 | $56.3M | $10.0M | ||
| Q2 24 | $62.4M | $16.1M |
| Q1 26 | $103.0M | — | ||
| Q4 25 | $96.6M | $-32.1M | ||
| Q3 25 | $79.4M | $-10.6M | ||
| Q2 25 | $89.5M | $-7.6M | ||
| Q1 25 | $104.3M | $2.1M | ||
| Q4 24 | $81.4M | $-3.4M | ||
| Q3 24 | $53.1M | $6.4M | ||
| Q2 24 | $56.8M | $10.5M |
| Q1 26 | 34.9% | — | ||
| Q4 25 | 34.1% | -15.1% | ||
| Q3 25 | 29.2% | -5.3% | ||
| Q2 25 | 35.5% | -4.1% | ||
| Q1 25 | 45.2% | 1.3% | ||
| Q4 24 | 38.8% | -2.0% | ||
| Q3 24 | 27.6% | 4.4% | ||
| Q2 24 | 31.9% | 7.2% |
| Q1 26 | — | — | ||
| Q4 25 | 3.8% | 17.8% | ||
| Q3 25 | 1.8% | 17.1% | ||
| Q2 25 | 0.5% | 3.7% | ||
| Q1 25 | 0.6% | 1.9% | ||
| Q4 24 | 0.9% | 10.9% | ||
| Q3 24 | 1.7% | 2.5% | ||
| Q2 24 | 3.1% | 3.8% |
| Q1 26 | 3.01× | — | ||
| Q4 25 | 2.56× | 0.35× | ||
| Q3 25 | 0.29× | 1.43× | ||
| Q2 25 | 2.02× | -0.05× | ||
| Q1 25 | 3.01× | 0.31× | ||
| Q4 24 | 5.99× | 1.40× | ||
| Q3 24 | 2.41× | 1.34× | ||
| Q2 24 | 2.56× | 0.99× |
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% |
VITL
| Eggs And Egg Related Products | $205.8M | 96% |
| Butter And Butter Related Products | $7.7M | 4% |
