analyticsVertical SaaS
Data as of Q1 2026
Summary Verdict
DUOL: 5—INST: 0wins
Rule of 40
74.9DUOL
-14.4INST
check_circleDUOL leads
Revenue Growth
39.9%DUOL
33.4%INST
check_circleDUOL leads
Gross Margin
72%DUOL
65%INST
check_circleDUOL leads
FCF Margin
35.0%DUOL
-47.8%INST
check_circleDUOL leads
Operating Margin
13.1%DUOL
-2.3%INST
check_circleDUOL leads
NRR
—DUOL
—INST
Metric
Rule of 40Efficiency score
DUOL
74.9check_circle
INST
-14.4
Revenue GrowthYoY
DUOL
39.9%check_circle
INST
33.4%
Gross Margin% of revenue
DUOL
72%check_circle
INST
65%
FCF MarginFree cash flow
DUOL
35.0%check_circle
INST
-47.8%
Operating MarginGAAP
DUOL
13.1%check_circle
INST
-2.3%
NRRNet retention
DUOL
N/A
INST
N/A
EV / RevenueValuation multiple
DUOL
4.1xcheck_circle
INST
5.9x
Market CapUSD
DUOL
$5.1Bcheck_circle
INST
$3.5B
ARR GrowthYoY
DUOL
N/A
INST
N/A
CAC PaybackMonths to recover
DUOL
N/A
INST
N/A
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insights
Analysis
As of Q1 2026, Duolingo, Inc. trades at 4.1x EV/Revenue versus Instructure Holdings, Inc. at 5.9x. On the Rule of 40, Duolingo, Inc. scores 74.9 compared to Instructure Holdings, Inc.'s -14.4, placing Duolingo, Inc. ahead in operating efficiency. Gross margins stand at Duolingo, Inc. 72% vs Instructure Holdings, Inc. 65%.
Sector Context
Both companies operate in the Vertical SaaS sector. The median columns above show where each company stands relative to their peers.