Duolingo (DUOL) Stock Price

Duolingo Price

NASDAQ·CLOSED
146.13USD-0.90 (-0.61 %)
Market closed

Revenue has compounded at 56.4% per year over the past 6 years to 1.04 B USD. Earnings per share have grown at 403.6% per year over the last 2 years. Duolingo's net margin stands at 39.9%, up from -24.0% several years earlier. Analysts set a median price target of 265.20 USD, implying 81.5% above the current price. Of 31 analysts, 19 rate the stock a buy — an overall Buy consensus. The stock trades about 62% above its 52-week low.

Duolingo stock price

Volume
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Duolingo over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Duolingo stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Duolingo's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Duolingo Stock Price History
DateDuolingo Price
8/21/2026146.13 USD
8/20/2026147.03 USD
8/19/2026147.57 USD
8/18/2026139.70 USD
8/14/2026132.83 USD
8/13/2026144.10 USD
8/12/2026130.45 USD
8/10/2026134.17 USD
8/7/2026130.90 USD
8/6/2026122.58 USD
8/5/2026134.45 USD
8/4/2026131.61 USD
8/3/2026135.80 USD
7/31/2026134.81 USD
7/30/2026133.60 USD
7/29/2026140.73 USD
7/27/2026129.46 USD
7/23/2026120.67 USD
7/22/2026119.51 USD
7/21/2026124.71 USD
7/20/2026133.89 USD
7/17/2026133.85 USD
7/16/2026128.94 USD
7/15/2026131.22 USD
7/14/2026128.35 USD
7/13/2026128.76 USD
7/10/2026124.76 USD
7/9/2026129.95 USD
7/8/2026127.75 USD
7/7/2026131.95 USD
7/6/2026130.80 USD
7/2/2026125.76 USD
7/1/2026121.21 USD
6/30/2026115.02 USD
6/29/2026116.26 USD
6/26/2026121.49 USD
6/25/2026119.94 USD
6/24/2026132.15 USD
6/23/2026132.18 USD
6/22/2026127.14 USD
6/18/2026125.82 USD
6/17/2026129.25 USD
6/16/2026125.07 USD
6/15/2026128.87 USD
6/12/2026120.17 USD
6/11/2026120.23 USD
6/10/2026125.73 USD
6/9/2026117.86 USD
6/8/2026117.96 USD
6/5/2026107.35 USD
6/4/2026110.57 USD
6/3/2026106.50 USD
6/2/2026108.94 USD
6/1/2026117.55 USD
5/29/2026110.75 USD
5/28/2026109.92 USD
5/27/2026108.95 USD
5/26/2026109.14 USD
5/22/2026105.49 USD
5/21/2026104.84 USD
5/20/2026108.78 USD
5/19/2026114.10 USD
5/18/2026113.24 USD
5/15/2026112.06 USD
5/14/2026109.15 USD
5/13/2026104.98 USD
5/12/2026106.01 USD
5/11/2026105.15 USD
5/8/2026107.99 USD
5/7/2026113.61 USD
5/6/2026105.02 USD
5/5/2026104.03 USD
5/4/2026110.23 USD
5/1/2026111.25 USD
4/30/2026110.10 USD
4/29/2026106.82 USD
4/28/2026106.24 USD
4/27/2026103.30 USD
4/24/2026103.45 USD
4/23/2026100.29 USD
4/22/2026105.52 USD
4/21/2026102.63 USD
4/20/2026104.84 USD
4/17/2026100.51 USD
4/16/2026103.45 USD
4/15/202698.78 USD
4/14/202691.46 USD
4/13/202693.53 USD
4/10/202690.03 USD
4/9/202690.53 USD
4/8/202691.06 USD
4/7/202696.29 USD
4/6/202699.38 USD
4/2/202696.54 USD
4/1/202696.19 USD
3/31/202698.57 USD
3/30/202694.12 USD
3/27/202695.35 USD
3/26/202698.11 USD
3/25/202699.12 USD
3/24/202697.68 USD
3/23/202699.75 USD
3/20/202698.05 USD
3/19/202699.61 USD
3/18/2026100.05 USD
3/17/2026104.36 USD
3/16/2026101.95 USD
3/13/202698.39 USD
3/12/202694.92 USD
3/11/202698.81 USD
3/10/202695.18 USD
3/9/2026100.42 USD
3/6/2026101.92 USD
3/5/2026101.54 USD
3/4/202696.17 USD
3/3/2026101.61 USD
3/2/2026100.82 USD
2/27/2026101.00 USD
2/26/2026117.45 USD
2/25/2026111.65 USD
2/24/2026109.43 USD
2/23/2026106.14 USD
2/20/2026112.94 USD
2/19/2026111.11 USD
2/18/2026112.46 USD
2/17/2026112.08 USD
2/13/2026112.57 USD
2/12/2026112.05 USD
2/11/2026109.30 USD
2/10/2026120.70 USD
2/9/2026118.91 USD
2/6/2026119.40 USD
2/5/2026114.34 USD
2/4/2026116.90 USD
2/3/2026120.28 USD
2/2/2026131.93 USD
1/30/2026134.06 USD
1/29/2026139.47 USD
1/28/2026142.80 USD
1/27/2026146.08 USD
1/26/2026151.56 USD
1/23/2026155.98 USD
1/22/2026153.70 USD
1/21/2026146.81 USD
1/20/2026148.58 USD
1/16/2026150.16 USD
1/15/2026154.42 USD
1/14/2026156.27 USD
1/13/2026165.80 USD
1/12/2026161.74 USD
1/9/2026176.66 USD
1/8/2026173.87 USD
1/7/2026176.30 USD
1/6/2026178.94 USD
1/5/2026185.15 USD
1/2/2026176.48 USD
12/31/2025175.50 USD
12/30/2025177.14 USD
12/29/2025180.17 USD
12/26/2025181.66 USD
12/24/2025180.69 USD
12/23/2025179.26 USD
12/22/2025185.37 USD
12/19/2025185.96 USD
12/18/2025182.89 USD
12/17/2025183.95 USD
12/16/2025186.77 USD
12/15/2025185.97 USD
12/12/2025196.28 USD
12/11/2025200.96 USD
12/10/2025197.44 USD
12/9/2025209.08 USD
12/8/2025207.92 USD
12/5/2025199.75 USD
12/4/2025188.38 USD
12/3/2025185.34 USD
12/2/2025182.61 USD
12/1/2025185.45 USD
11/28/2025191.41 USD
11/26/2025188.43 USD
11/25/2025175.76 USD
11/24/2025172.47 USD
11/21/2025172.78 USD
11/20/2025168.01 USD
11/19/2025174.48 USD
11/18/2025175.45 USD
11/17/2025178.27 USD
11/14/2025185.07 USD
11/13/2025186.54 USD
11/12/2025186.58 USD
11/11/2025194.89 USD
11/10/2025192.80 USD
11/7/2025201.21 USD
11/6/2025193.74 USD
11/5/2025260.02 USD
11/4/2025262.04 USD
11/3/2025264.93 USD
10/31/2025270.64 USD
10/30/2025262.82 USD
10/29/2025272.76 USD
10/28/2025293.88 USD
10/27/2025306.73 USD
10/24/2025312.00 USD
10/23/2025313.45 USD
10/22/2025307.57 USD
10/21/2025317.61 USD
10/20/2025312.73 USD
10/17/2025324.02 USD
10/16/2025330.56 USD
10/15/2025341.08 USD
10/14/2025332.60 USD
10/13/2025330.00 USD
10/10/2025325.00 USD
10/9/2025337.19 USD
10/8/2025347.27 USD
10/7/2025319.98 USD
10/6/2025320.31 USD
10/3/2025322.63 USD
10/2/2025313.00 USD
10/1/2025303.72 USD
9/30/2025321.84 USD
9/29/2025328.78 USD
9/26/2025326.39 USD
9/25/2025313.49 USD
9/24/2025301.17 USD
9/23/2025299.50 USD
9/22/2025309.34 USD
9/19/2025290.90 USD
9/18/2025289.67 USD
9/17/2025279.16 USD
9/16/2025280.74 USD
9/15/2025285.11 USD
9/12/2025307.91 USD
9/11/2025309.34 USD
9/10/2025285.91 USD
9/9/2025273.49 USD
9/8/2025271.28 USD
9/5/2025271.18 USD
9/4/2025272.70 USD
9/3/2025282.52 USD
9/2/2025289.98 USD
8/29/2025297.86 USD
8/28/2025322.78 USD
8/27/2025317.93 USD
8/26/2025316.02 USD
8/25/2025321.44 USD
Access this data via the Eulerpool API

Duolingo Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2021
250.77 M USD
60.01 M USD
-60.14 M USD
Jan 1, 2022
369.50 M USD
-64.56 M USD
-59.57 M USD
Jan 1, 2023
531.11 M USD
-12.92 M USD
16.07 M USD
Jan 1, 2024
748.02 M USD
63.57 M USD
88.57 M USD
Jan 1, 2025
1.04 B USD
141.24 M USD
414.07 M USD
Jan 1, 2026 (e)
1.21 B USD
636.26 M USD
320.26 M USD
Jan 1, 2027 (e)
1.36 B USD
724.56 M USD
370.82 M USD
Jan 1, 2028 (e)
1.55 B USD
814.50 M USD
201.45 M USD

Duolingo Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 22, 2026, 4:38 PM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB USD
EBITM USD
EBIT MARGIN%
NET INCOMEM USD
NET INCOME GROWTH%
SHARESM
20192020202120222023202420252026e2027e2028e
0.070.160.250.370.530.751.041.211.361.55
130.0055.2847.6043.9040.8738.6416.3012.8513.59
70.0071.43100.0072.0972.1371.9371.6571.6571.6571.65
0.050.120.250.270.380.540.740.860.981.11
-12.00-15.0060.00-64.00-12.0063.00141.00636.00724.00814.00
-17.14-9.3224.00-17.34-2.268.4213.6052.7453.2052.65
-13.00-15.00-60.00-59.0016.0088.00414.00320.00370.00201.00
15.38300.00-1.67-127.12450.00370.45-22.7115.63-45.68
35.8935.8938.2740.3649.0049.5049.8049.8049.8049.80
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Duolingo generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Duolingo retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Duolingo's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Duolingo has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Duolingo's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Duolingo stock margins

The Duolingo margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Duolingo. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Duolingo.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
100.00 %
23.93 %
-23.98 %
Jan 1, 2022
72.01 %
-17.47 %
-16.12 %
Jan 1, 2023
72.29 %
-2.43 %
3.03 %
Jan 1, 2024
72.03 %
8.50 %
11.84 %
Jan 1, 2025
71.68 %
13.61 %
39.91 %
Jan 1, 2026 (e)
71.68 %
52.72 %
26.53 %
Jan 1, 2027 (e)
71.68 %
53.21 %
27.23 %
Jan 1, 2028 (e)
71.68 %
52.68 %
13.03 %

Duolingo Stock Revenue, EBIT, Earnings per Share

The Duolingo earnings per share therefore indicates how much revenue Duolingo has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
6.55 USD
1.57 USD
-1.57 USD
Jan 1, 2022
9.15 USD
-1.60 USD
-1.48 USD
Jan 1, 2023
10.84 USD
-0.26 USD
0.33 USD
Jan 1, 2024
15.11 USD
1.28 USD
1.79 USD
Jan 1, 2025
20.84 USD
2.84 USD
8.31 USD
Jan 1, 2026 (e)
24.98 USD
12.78 USD
6.63 USD
Jan 1, 2027 (e)
28.19 USD
14.55 USD
7.68 USD
Jan 1, 2028 (e)
32.01 USD
16.36 USD
4.17 USD

Duolingo business model & stock analysis

Duolingo Inc was founded in 2011 by Luis von Ahn and Severin Hacker. The company's motto is "Freedom to learn passionately". The founders' idea was to create a free and accessible platform for language learners worldwide. Duolingo's business model is based on two pillars: advertising banners and premium subscriptions. Advertising targets learners on the platform, while premium subscriptions allow users to learn without ads and provide access to additional features and content. The platform includes various languages such as English, Spanish, French, German, Portuguese, Italian, and Japanese. It also offers languages like Irish, Welsh, and even Klingon. In addition to the main language learning program, Duolingo has also developed products for businesses, including a tool to improve employees' language proficiency. Duolingo's core program consists of the mobile application and website. Both are free and have millions of users worldwide. The application and website are based on a model that aims to make learning enjoyable for learners. By adapting to individual language levels and incorporating gamification elements like leveling up or rewards, Duolingo motivates its users. There is also a premium version that offers additional features and content such as quizzes, tests, or speaking exercises. Additionally, a mobile version with offline access is available. Duolingo is also involved in creating book series for language learners. These books are developed by experienced teachers and authors, providing a supplement to Duolingo's online offerings. Another important aspect of Duolingo is its collaboration with companies and governments. Through partnerships with international companies like Uber, Airbnb, BuzzFeed, or Toyota, Duolingo offers employee training for customers. The company has also established partnerships with governments. For example, Duolingo is used by the government in Colombia to support peace processes. Duolingo has a significant global reach and uses machine learning algorithms to optimize the platform for users. This approach also enables the introduction of new languages and improvements to existing offerings. The company is headquartered in Pittsburgh, Pennsylvania and has an impressive track record in terms of funding rounds. In 2020, Duolingo announced that it raised a new amount of $35 million to secure the company's growth and expansion into the future.

Duolingo SWOT Analysis

Strengths

Duolingo Inc has several strengths that contribute to its success in the language learning market. Firstly, its gamified approach to language learning, with interactive exercises and rewards, engages and motivates users to continue learning. This unique feature sets it apart from traditional language learning methods.

Additionally, Duolingo offers a wide range of languages, giving users the opportunity to learn various languages from one platform. This diversity attracts individuals with different language study interests and enables Duolingo to cater to a large user base.

Furthermore, Duolingo's mobile application and website offer seamless and user-friendly experiences, making it accessible to users whenever and wherever they want to learn. This accessibility contributes to the convenience and popularity of the platform.

Weaknesses

One of the weaknesses of Duolingo is its limitations in advanced language learning. While the platform is effective for beginners and intermediate learners, it may not provide sufficient depth or complexity for advanced language study. This could result in advanced learners seeking additional resources or platforms to supplement their learning.

Additionally, Duolingo's free model, though enticing to users, relies heavily on advertisements and premium subscriptions for revenue generation. Depending on these revenue streams may pose a challenge in maintaining sustainable growth and profitability in the long term.

Opportunities

Duolingo has various opportunities to explore and expand its market presence. Firstly, it can develop partnerships with educational institutions, such as schools and universities, to incorporate Duolingo into their language curricula. This could lead to widespread adoption and increased user base.

Moreover, Duolingo can consider launching specialized language learning courses for specific industries or professions, catering to the needs of professionals seeking language skills relevant to their careers. This strategic expansion could attract a niche market and create additional revenue streams.

Threats

Duolingo faces threats from existing and emerging competitors in the language learning industry. Competitors may offer similar gamified approaches and innovative features, posing a risk to Duolingo's market share. To mitigate this, Duolingo needs to continuously innovate and stay ahead in terms of content quality and user experience.

Furthermore, the rapidly changing technology landscape may also pose a threat. Duolingo must adapt to new technologies and trends, such as AI-powered language learning tools, to maintain its competitive edge and meet evolving user expectations.

Duolingo Employees

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Duolingo Employees
Details
Date
Duolingo Employees
Jan 1, 2021
- Employees
Jan 1, 2022
- Employees
Jan 1, 2023
- Employees
Jan 1, 2024
- Employees
Jan 1, 2025
- Employees

Duolingo Segments

Duolingo Revenue by Segment

  • 3 Years

  • Max

Subscription
Other
Advertising
Duolingo English Test
In-App Purchases
Details
Date
Subscription
Other
Advertising
Duolingo English Test
In-App Purchases
Jan 1, 2021
180.70 M USD
6.92 M USD
38.50 M USD
24.66 M USD
0.00 USD
Jan 1, 2022
273.51 M USD
18.54 M USD
44.73 M USD
32.72 M USD
0.00 USD
Jan 1, 2023
404.68 M USD
682,000.00 USD
49.86 M USD
41.21 M USD
34.67 M USD
Jan 1, 2024
607.53 M USD
140.49 M USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2025
873.44 M USD
164.15 M USD
0.00 USD
0.00 USD
0.00 USD

Duolingo Revenue by Region

  • 3 Years

  • Max

International
United States
United Kingdom
Details
Date
International
United States
United Kingdom
Jan 1, 2021
116.45 M USD
109.16 M USD
25.16 M USD
Jan 1, 2022
169.64 M USD
168.32 M USD
31.54 M USD
Jan 1, 2023
250.23 M USD
238.76 M USD
42.12 M USD
Jan 1, 2024
436.49 M USD
311.54 M USD
0.00 USD
Jan 1, 2025
645.38 M USD
392.21 M USD
0.00 USD

Duolingo Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Duolingo historical P/E ratio, EBIT multiple, and P/S ratio

Duolingo annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Duolingo shares outstanding

The number of shares of Duolingo was 49.8 M in 2025. This indicates how many shares Duolingo is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
38.27 M Stocks
Jan 1, 2022
40.36 M Stocks
Jan 1, 2023
49.00 M Stocks
Jan 1, 2024
49.50 M Stocks
Jan 1, 2025
49.80 M Stocks
Jan 1, 2026 (e)
49.80 M Stocks
Jan 1, 2027 (e)
49.80 M Stocks
Jan 1, 2028 (e)
49.80 M Stocks

Current Duolingo forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy
61.29 % (19)
Hold
35.48 % (11)
Sell
3.23 % (1)
12M Price Target
265.20
Last Price
146.13
Currency
USD
12M Return Potential
81.48 %
LTM Return
0 %

Duolingo Analyst Rating Actions

DateFirmActionRatingReliability
8/18/2026
DA Davidson
DA Davidson
UpgradeNeutralBuy56
8/7/2026
Wells Fargo
Wells Fargo
MaintainedUnderweight53
8/6/2026
UBS
UBS
MaintainedBuy50
8/6/2026
Truist Securities
Truist Securities
MaintainedHold
8/6/2026
Needham
Needham
MaintainedBuy70
8/6/2026
Evercore ISI Group
Evercore ISI Group
MaintainedIn Line62
8/6/2026
DA Davidson
DA Davidson
MaintainedNeutral56
8/6/2026
Barclays
Barclays
MaintainedEqual Weight56
8/4/2026
B of A Securities
B of A Securities
DowngradeNeutralUnderperform66
7/17/2026
Morgan Stanley
Morgan Stanley
MaintainedEqual Weight51

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

Duolingo Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
8/5/20260.60USD-301.71 MUSD-2026 Q2
5/4/20260.76USD-294.49 MUSD-2026 Q1
2/26/20260.84USD-281.49 MUSD-2025 Q4
11/10/2022-0.56USD-96.67 MUSD-2022 Q3

EESG©

Eulerpool ESG Scorecard© for the Duolingo stock

35/100
8
Environment
63
Social
32
Governance
E

Environment

20
Scope 1 - Direct Emissions
Scope 2 - Indirect emissions from purchased energy
Scope 3 - Indirect emissions within the value chain
Total CO₂ emissions
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Duolingo shareholder structure

% Name
10.09317%
BAILLIE GIFFORD & CO
BAILLIE GIFFORD & CO
10.06344%
Baillie Gifford & Co.
Baillie Gifford & Co.
8.25219%
BLACKROCK, INC.
BLACKROCK, INC.
7.47917%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
7.25744%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
4.63977%
Capital World Investors
Capital World Investors
...

Duolingo Beneficial Ownership Filings (SEC 13D/G)

Free Float
85.3%
Float Shares
-
Shares Outstanding
-
StakeHolderFiling
24.90%
Ravi Viswanathan (“Viswanathan”)
Ravi Viswanathan (“Viswanathan”)
SEC ↗
24.90%
NewView Capital Partners I, LLC (“NVC Partners I”)
NewView Capital Partners I, LLC (“NVC Partners I”)
SEC ↗
16.40%
DGF Associates, LLC
DGF Associates, LLC
SEC ↗
15.40%
Digital Growth Fund, LLC (“KPCB DGF”)
Digital Growth Fund, LLC (“KPCB DGF”)
SEC ↗
14.40%
Alphabet Inc.
Alphabet Inc.
SEC ↗
12.40%
BAILLIE GIFFORD & CO
BAILLIE GIFFORD & CO
SEC ↗
11.00%
Baillie Gifford & Co (Scottish partnership)
Baillie Gifford & Co (Scottish partnership)
SEC ↗
10.80%
Luis von Ahn
Luis von Ahn
SEC ↗
10.70%
Severin Hacker
Severin Hacker
SEC ↗
10.50%
General Atlantic (SPV) GP, LLC
General Atlantic (SPV) GP, LLC
SEC ↗

Duolingo Executives and Management Board

15 members · avg. age 52 · 40 % women

SH

Mr. Severin Hacker (40)

Co-Founder, Chief Technology Officer, Director · since 2011

37.42 M USD

Management

MS

Mr. Matthew Skaruppa (43)

Chief Financial Officer

5.58 M USD
NG

Dr. Natalie Glance (57)

Chief Engineering Officer · since 2022

3.96 M USD
SC

Mr. Stephen Chen (51)

General Counsel

2.19 M USD
RM

Mr. Robert Meese (48)

Chief Business Officer

2.01 M USD
LA

Dr. Luis von Ahn (46)

Chairman of the Board, President, Chief Executive Officer, Co-Founder · since 2011

767,250.00 USD
GM

Ms. Gillian Munson (55)

Chief Financial Officer · since 2019

233,681.00 USD

Board of Directors

BR

Ms. Bonnie Ross (58)

Independent Director

359,974.00 USD
MS

Mr. Mario Schlosser (46)

Independent Director

348,841.00 USD
SC

Ms. Sara Clemens (53)

Independent Director

232,806.00 USD
BG

Mr. Bing Gordon (75)

Independent Director

227,931.00 USD
AB

Ms. Amy Bohutinsky (50)

Independent Director

227,681.00 USD
JS

Mr. Jim Shelton (57)

Independent Director

227,681.00 USD

Duolingo Supply Chain

Duolingo Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
4 companies
#NameTrend
1
Asana A
Supplier·Software·US
0.79
0.85
0.34
0.73
2
Amazon.com
Supplier·Internet & Direct Marketing Retail·US
0.25
0.35
0.30
0.56
3
Apple
Supplier·Customer·Technology Hardware, Storage & Peripherals·US
0.10
0.37
0.06
0.06
4
Alphabet A
Supplier·Customer·Interactive Media & Services·US
-0.42
0.39
0.36
0.59

Frequently asked questions about Duolingo

Duolingo Inc's business model focuses on language learning through its online platform and mobile app. The company offers its language courses for free, generating revenue through its freemium and advertising models. Duolingo Plus, a subscription-based service, provides users with additional features and an ad-free experience. The company also partners with organizations and governments worldwide to offer language proficiency certification. Duolingo's unique approach combines gamification, AI-based algorithms, and crowd-sourcing to create an engaging and effective language learning experience. By providing free access to language education, Duolingo aims to democratize learning and make it accessible to people around the globe, contributing to its overall success.

Duolingo Inc is primarily active in the technology and education industries.

Duolingo Inc faces competition from various language learning platforms in the market. Some of the main competitors include Babbel, Rosetta Stone, Memrise, and Busuu. These platforms offer similar services and cater to individuals seeking to learn a new language. Despite competition, Duolingo Inc has gained significant popularity due to its user-friendly interface, gamified learning experience, and availability of free lessons. As a result, it has managed to attract millions of users worldwide and establish itself as a leading language learning platform in the market.

Duolingo Inc is a language-learning platform that was founded in 2011 by Luis von Ahn and Severin Hacker. It offers free language education to millions of users worldwide. The company initially started as a project at Carnegie Mellon University and later emerged as a standalone company. Duolingo has since gained immense popularity, becoming one of the most popular language-learning platforms globally. With a user-friendly interface and gamified learning approach, Duolingo offers courses in over 40 languages. The company has received several accolades and has a strong presence in the online education sector, revolutionizing language learning for individuals across the globe.

Duolingo Inc, a renowned language-learning platform, has achieved several significant milestones throughout its journey. The company has grown exponentially since its inception and now boasts over 500 million users worldwide. Duolingo has received numerous accolades and recognition, including being recognized as Apple's iPhone App of the Year in 2013. In addition, the company has successfully raised substantial funding, with investments from prominent venture capital firms and notable individuals. Furthermore, Duolingo is the first language-learning platform to offer a Certified Language Proficiency Exam, providing users with a tangible qualification to showcase their language skills. These milestones solidify Duolingo Inc's position as a leader in the edtech industry.

Duolingo Inc is primarily present in various countries and regions across the globe. With its language-learning platform, Duolingo has gained significant popularity and accessibility. It currently reaches a wide audience in countries such as the United States, Brazil, Mexico, Germany, France, Spain, Italy, India, Russia, and many more. Since its inception, Duolingo Inc has expanded its user base and established a strong presence globally, enabling individuals worldwide to learn new languages conveniently through its innovative app and website.

Duolingo Inc represents values of accessibility, innovation, and global impact. With a corporate philosophy centered around free language education for all, Duolingo Inc aims to bridge language barriers and empower individuals through their language learning platform. Their commitment to providing high-quality and engaging language courses, while making them accessible to anyone with an internet connection, has revolutionized language education worldwide. Duolingo Inc believes that language proficiency should not be hindered by financial or geographical constraints, and their platform offers an inclusive and user-friendly experience for language learners.

Analysts currently set an average price target of 289.98 USD for the Duolingo stock (median: 265.20 USD), implying +98.4 % versus the latest price. The consensus is based on 31 analyst ratings.

31 analysts currently rate the Duolingo stock: 14 recommend buying, 16 holding and 1 selling. For 2026, analysts expect Duolingo to generate revenue of 1.21 B USD and earnings per share of 6.43 USD.

Converted at the current exchange rate, the Duolingo share trades at 125.09 EUR (146.13 USD).

The Duolingo share (DUOL) is listed on 1 stock exchanges, including: NASDAQ (DUOL).

Duolingo Inc is a company that aims to enable language learning in an innovative and entertaining way. Its business model is based on various segments, including language courses, advertising, partnerships, and language analysis. In the language course area, Duolingo offers free online language instruction for over 30 languages. The platform uses gamified learning methods and machine learning to make the learning process both effective and enjoyable. The free use of Duolingo is complemented by advertising and optional premium features such as ad-free experience and certificates. Duolingo also generates revenue through advertising by offering personalized ads on its platform. Advertisers are provided with a high-quality audience interested in languages and international affairs. The advertising is targeted and based on user behavior. This way, Duolingo can deliver relevant ads to its users while generating revenue. Furthermore, the company collaborates with other companies and enters into partnerships. Partners include educational and technology companies, media partners, and government agencies. Examples of partnerships include the collaboration between Duolingo and Uber, which offers the opportunity to learn a language during a ride, or the partnership with the Colombian government to support English education in public schools. Language analysis is another important area for Duolingo. The company's data science teams use the data collected on the platform to analyze students' performance and improve the learning material. Duolingo also collects data on user behavior to create personalized and individualized experiences, as well as to generate research findings for the improvement of language learning. In summary, Duolingo's business model aims to make language learning more accessible and effective for everyone. The various segments of the company, including free language instruction, advertising, partnerships, and language analysis, enable Duolingo to generate revenue streams and continuously improve the learning material. Through its innovative and entertaining approach, Duolingo has acquired a broad global user base that is constantly growing, establishing itself as a leading company in the field of e-learning and language learning platforms.

The expected revenue of Duolingo is 1.21 B USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Duolingo is 320.26 M USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Duolingo is currently 22.72. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Duolingo stock.

The price-to-sales ratio (P/S) of Duolingo is currently 6.03. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Duolingo stock.

The Eulerpool Quality Score for Duolingo is 3/10.

The ISIN of Duolingo is US26603R1068. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The ticker of Duolingo is DUOL. The ticker symbol is used to trade Duolingo shares on the stock exchange.

Duolingo paid dividends every year for the past 0 years.

Duolingo is assigned to the 'Cyclical consumption' sector.

The dividends of Duolingo are distributed in USD.

All fundamentals and in-depth analysis of Duolingo

Our stock analysis for Duolingo stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Duolingo. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.