Symbols / DUOL Stock $104.98 -0.97% Duolingo, Inc.

Technology • Software - Application • United States • NMS
DUOL (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Technology
Industry Software - Application
CEO Dr. Luis Alfonso von Ahn Arellano Ph.D.
Exch · Country NMS · United States
Market Cap 4.89B
Enterprise Value 3.73B
Income 422.39M
Sales 1.10B
FCF (ttm) 312.47M
Book/sh 29.71
Cash/sh 26.86
Employees 900
Insider 10d —
IPO Jul 28, 2021
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 12.01
Forward P/E 13.24
PEG —
P/S 4.45
P/B 3.53
P/C —
EV/EBITDA 21.03
EV/Sales 3.40
Quick Ratio 2.41
Current Ratio 2.62
Debt/Eq 6.60
LT Debt/Eq —
EPS (ttm) 8.74
EPS next Y 7.93
EPS Growth 23.60%
Revenue Growth 26.50%
EPS Gr Q/Q 23.70%
Rev Gr Q/Q —
Earnings (next) 2026-05-04
Earnings (prior) 2026-05-05
ROA 5.87%
ROE 36.96%
ROIC —
Gross Margin 72.67%
Oper. Margin 15.37%
Profit Margin 38.44%
Shs Outstand 40.24M
Shs Float 39.82M
Insider Own 1.31%
Instit Own 97.65%
Short Float 21.63%
Short Ratio 4.48
Short Interest 7.60M
52W High 541.46
vs 52W High -80.61%
52W Low 87.89
vs 52W Low 19.44%
Beta 0.90
Impl. Vol. 0.10%
Rel Volume 0.58
Avg Volume 2.49M
Volume 1.44M
Target (mean) $104.25
Tgt Median $100.00
Tgt Low $81.00
Tgt High $145.00
# Analysts 17
Recom Hold
Prev Close $106.01
Price $104.98
Change -0.97%
About

Duolingo, Inc. operates as a mobile learning platform in the United States, the United Kingdom, and internationally. The company offers 250 language courses, including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese through its Duolingo app. It also provides a digital English language proficiency assessment exam. The company was incorporated in 2011 and is headquartered in Pittsburgh, Pennsylvania.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$104.25
Mean price target
2. Current target
$104.98
Latest analyst target
3. DCF / Fair value
$139.78
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$104.98
Low
$81.00
High
$145.00
Mean
$104.25

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-05 main JP Morgan Neutral → Neutral $94
2026-05-05 main Morgan Stanley Equal-Weight → Equal-Weight $95
2026-05-05 main Evercore ISI Group In-Line → In-Line $97
2026-05-05 main DA Davidson Neutral → Neutral $90
2026-05-05 reit Needham Buy → Buy $145
2026-04-20 main JP Morgan Neutral → Neutral $92
2026-03-18 down Argus Research Buy → Hold —
2026-03-02 main Goldman Sachs Neutral → Neutral $105
2026-03-02 main Barclays Equal-Weight → Equal-Weight $110
2026-02-27 down Scotiabank Sector Outperform → Sector Perform $100
2026-02-27 down Citigroup Buy → Neutral $101
2026-02-27 main DA Davidson Neutral → Neutral $85
2026-02-27 down JP Morgan Overweight → Neutral $95
2026-02-27 main Needham Buy → Buy $145
2026-02-27 down Evercore ISI Group Outperform → In-Line $114
2026-02-27 down Morgan Stanley Overweight → Equal-Weight $100
2026-02-03 main Morgan Stanley Overweight → Overweight $245
2026-01-27 main DA Davidson Neutral → Neutral $170
2026-01-20 main JP Morgan Overweight → Overweight $200
2026-01-13 main Morgan Stanley Overweight → Overweight $275
News
RSS: Latest DUOL news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-25 MUNSON GILLIAN M Chief Financial Officer — 133,753 $0.00 $0
2026-03-13 MEESE ROBERT Officer — 30,000 $8.15 $574,969
2026-03-03 SHELTON JAMES H Director — 5,000 $99.76 $498,792
2026-02-27 GLANCE NATALIE Officer — 24,252 $5.00 $147,462
2026-02-18 CHEN STEPHEN C General Counsel — 2,797 $110.06 $313,927
2026-02-18 SKARUPPA MATTHEW Chief Financial Officer — 5,856 $110.06 $658,304
2026-02-18 GLANCE NATALIE Officer — 5,286 $110.06 $594,017
2026-02-17 MEESE ROBERT Officer — 1,000 $110.06 $110,060
2026-02-17 VON AHN LUIS ARELLANO Chief Executive Officer — 120,000 $112.08 $13,449,600
2026-02-17 HACKER SEVERIN Chief Technology Officer — 60,000 $112.08 $6,724,800
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
1,037.59
+38.71%
748.02
+40.84%
531.11
+43.74%
369.50
Operating Revenue
1,035.65
+38.69%
746.73
+40.78%
530.43
+43.80%
368.87
Cost Of Revenue
288.13
+41.49%
203.65
+43.31%
142.10
+42.92%
99.43
Reconciled Cost Of Revenue
288.13
+41.49%
203.65
+43.31%
142.10
+42.92%
99.43
Gross Profit
749.46
+37.67%
544.38
+39.94%
389.00
+44.04%
270.06
Operating Expense
613.89
+27.42%
481.78
+19.77%
402.26
+19.99%
335.26
Research And Development
306.32
+30.19%
235.30
+21.07%
194.35
+29.19%
150.44
Selling General And Administration
307.56
+24.78%
246.49
+18.55%
207.91
+12.50%
184.81
Selling And Marketing Expense
125.68
+38.88%
90.49
+19.40%
75.79
+13.17%
66.97
General And Administrative Expense
181.89
+16.60%
155.99
+18.07%
132.12
+12.11%
117.85
Other Gand A
181.89
+16.60%
155.99
+18.07%
132.12
+12.11%
117.85
Total Expenses
902.02
+31.60%
685.43
+25.91%
544.37
+25.23%
434.69
Operating Income
135.57
+116.58%
62.59
+572.09%
-13.26
+79.66%
-65.19
Total Operating Income As Reported
135.57
+116.58%
62.59
+572.09%
-13.26
+79.66%
-65.19
EBITDA
149.96
+104.17%
73.45
+1291.58%
-6.16
+89.78%
-60.33
Normalized EBITDA
149.96
+104.17%
73.45
+1291.58%
-6.16
+89.78%
-60.33
Reconciled Depreciation
14.39
+32.59%
10.85
+52.98%
7.09
+45.69%
4.87
EBIT
135.57
+116.58%
62.59
+572.09%
-13.26
+79.66%
-65.19
Net Income
414.06
+367.48%
88.57
+451.28%
16.07
+126.97%
-59.57
Pretax Income
182.41
+78.30%
102.31
+475.50%
17.78
+130.32%
-58.64
Net Non Operating Interest Income Expense
45.23
+5.93%
42.70
+37.33%
31.09
+329.73%
7.24
Net Interest Income
45.23
+5.93%
42.70
+37.33%
31.09
+329.73%
7.24
Interest Income Non Operating
45.23
+5.93%
42.70
+37.33%
31.09
+329.73%
7.24
Interest Income
45.23
+5.93%
42.70
+37.33%
31.09
+329.73%
7.24
Other Income Expense
1.61
+153.88%
-2.99
-5329.09%
-0.06
+91.86%
-0.68
Other Non Operating Income Expenses
1.61
+153.88%
-2.99
-5329.09%
-0.06
+91.86%
-0.68
Tax Provision
-231.66
-1786.97%
13.73
+703.04%
1.71
+82.30%
0.94
Tax Rate For Calcs
0.00
+56.72%
0.00
+39.58%
0.00
-54.29%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
414.06
+367.48%
88.57
+451.28%
16.07
+126.97%
-59.57
Net Income From Continuing Operation Net Minority Interest
414.06
+367.48%
88.57
+451.28%
16.07
+126.97%
-59.57
Net Income From Continuing And Discontinued Operation
414.06
+367.48%
88.57
+451.28%
16.07
+126.97%
-59.57
Net Income Continuous Operations
414.06
+367.48%
88.57
+451.28%
16.07
+126.97%
-59.57
Normalized Income
414.06
+367.48%
88.57
+451.28%
16.07
+126.97%
-59.57
Net Income Common Stockholders
414.06
+367.48%
88.57
+451.28%
16.07
+126.97%
-59.57
Diluted EPS
8.57
+334.78%
1.97
+463.18%
0.35
+123.18%
-1.51
Basic EPS
9.05
+359.13%
1.97
+405.41%
0.39
+125.83%
-1.51
Basic Average Shares
45.77
+1.86%
44.94
+9.07%
41.20
+4.42%
39.45
Diluted Average Shares
48.31
+7.50%
44.94
-2.11%
45.91
+16.36%
39.45
Diluted NI Availto Com Stockholders
414.06
+367.48%
88.57
+451.28%
16.07
+126.97%
-59.57
Line Item Trend 2023-12-31
Total Assets
953.96
Current Assets
897.80
Cash Cash Equivalents And Short Term Investments
747.61
Cash And Cash Equivalents
747.61
Cash Equivalents
697.24
Cash Financial
50.37
Other Short Term Investments
0.00
Receivables
88.97
Accounts Receivable
88.97
Taxes Receivable
—
Prepaid Assets
—
Current Deferred Assets
53.93
Other Current Assets
7.28
Total Non Current Assets
56.16
Net PPE
30.89
Gross PPE
43.16
Accumulated Depreciation
-12.27
Properties
0.00
Buildings And Improvements
19.10
Machinery Furniture Equipment
5.87
Other Properties
—
Leases
18.19
Goodwill And Other Intangible Assets
20.05
Goodwill
4.05
Other Intangible Assets
15.99
Investments And Advances
0.00
Other Investments
—
Non Current Deferred Assets
0.77
Non Current Deferred Taxes Assets
0.77
Other Non Current Assets
4.45
Total Liabilities Net Minority Interest
298.46
Current Liabilities
277.36
Payables And Accrued Expenses
28.17
Payables
3.24
Accounts Payable
2.45
Current Accrued Expenses
24.93
Pensionand Other Post Retirement Benefit Plans Current
4.49
Total Tax Payable
0.79
Income Tax Payable
0.79
Current Debt And Capital Lease Obligation
3.94
Current Capital Lease Obligation
3.94
Current Deferred Liabilities
249.19
Current Deferred Revenue
249.19
Other Current Liabilities
4.32
Total Non Current Liabilities Net Minority Interest
21.09
Long Term Debt And Capital Lease Obligation
21.09
Long Term Capital Lease Obligation
21.09
Non Current Deferred Liabilities
0.00
Non Current Deferred Taxes Liabilities
0.00
Other Non Current Liabilities
897.80
Preferred Securities Outside Stock Equity
—
Stockholders Equity
655.50
Common Stock Equity
655.50
Capital Stock
0.00
Common Stock
0.00
Share Issued
42.53
Ordinary Shares Number
42.53
Treasury Shares Number
0.00
Additional Paid In Capital
869.92
Retained Earnings
-214.42
Total Equity Gross Minority Interest
655.50
Total Capitalization
655.50
Working Capital
620.44
Invested Capital
655.50
Total Debt
21.09
Capital Lease Obligations
21.09
Net Tangible Assets
635.46
Tangible Book Value
635.46
Available For Sale Securities
—
Held To Maturity Securities
—
Investmentin Financial Assets
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
387.82
+35.83%
285.51
+85.86%
153.61
+186.29%
53.66
Cash Flow From Continuing Operating Activities
387.82
+35.83%
285.51
+85.86%
153.61
+186.29%
53.66
Net Income From Continuing Operations
414.06
+367.48%
88.57
+451.28%
16.07
+126.97%
-59.57
Depreciation Amortization Depletion
14.39
+32.59%
10.85
+52.98%
7.09
+45.69%
4.87
Depreciation
5.20
+4.63%
4.96
+21.10%
4.10
+31.49%
3.12
Amortization Cash Flow
9.20
+56.16%
5.89
+96.63%
3.00
+70.95%
1.75
Depreciation And Amortization
14.39
+32.59%
10.85
+52.98%
7.09
+45.69%
4.87
Amortization Of Intangibles
9.20
+56.16%
5.89
+96.63%
3.00
+70.95%
1.75
Stock Based Compensation
137.44
+24.40%
110.48
+16.02%
95.22
+28.99%
73.82
Asset Impairment Charge
0.00
-100.00%
0.24
-28.53%
0.33
0.00
Deferred Tax
-225.19
0.00
0.00
—
Deferred Income Tax
-225.19
0.00
0.00
—
Operating Gains Losses
—
—
0.33
—
Gain Loss On Sale Of PPE
—
0.00
-100.00%
0.33
0.00
Change In Working Capital
48.97
-35.50%
75.92
+117.55%
34.90
+1.04%
34.54
Change In Receivables
-33.90
+15.06%
-39.92
+5.52%
-42.25
-211.44%
-13.56
Changes In Account Receivables
-33.90
+15.06%
-39.92
+5.52%
-42.25
-211.44%
-13.56
Change In Prepaid Assets
-15.79
-108.60%
-7.57
-15670.83%
-0.05
+96.61%
-1.42
Change In Payables And Accrued Expense
1.87
-90.99%
20.78
+341.74%
4.71
+127.85%
2.06
Change In Accrued Expense
0.26
-98.49%
16.85
+389.26%
3.44
-60.50%
8.72
Change In Payable
1.62
-58.90%
3.93
+211.97%
1.26
+118.95%
-6.66
Change In Account Payable
1.62
-58.90%
3.93
+211.97%
1.26
+118.95%
-6.66
Change In Other Working Capital
96.79
-5.69%
102.62
+41.57%
72.49
+52.75%
47.45
Investing Cash Flow
-107.68
+50.45%
-217.33
-1499.90%
-13.58
+4.16%
-14.17
Cash Flow From Continuing Investing Activities
-107.68
+50.45%
-217.33
-1499.90%
-13.58
+4.16%
-14.17
Net PPE Purchase And Sale
-18.10
-49.36%
-12.12
-279.69%
-3.19
+42.63%
-5.56
Purchase Of PPE
-18.10
-49.36%
-12.12
-279.69%
-3.19
+42.63%
-5.56
Capital Expenditure
-27.40
-29.61%
-21.14
-54.49%
-13.68
-35.16%
-10.12
Capital Expenditure Reported
-9.30
-3.09%
-9.02
+14.00%
-10.49
-130.01%
-4.56
Net Investment Purchase And Sale
-47.18
+75.12%
-189.59
0.00
0.00
Purchase Of Investment
-162.93
+15.71%
-193.30
0.00
0.00
Sale Of Investment
115.75
+3024.08%
3.71
0.00
0.00
Net Business Purchase And Sale
-33.10
-401.90%
-6.59
0.00
+100.00%
-4.05
Purchase Of Business
-33.10
-401.90%
-6.59
0.00
+100.00%
-4.05
Net Intangibles Purchase And Sale
0.00
0.00
-100.00%
0.10
0.00
Purchase Of Intangibles
—
—
—
-4.56
Financing Cash Flow
-29.55
+1.52%
-30.00
-1505.25%
2.13
-85.55%
14.78
Cash Flow From Continuing Financing Activities
-29.55
+1.52%
-30.00
-1505.25%
2.13
-85.55%
14.78
Net Common Stock Issuance
—
—
0.00
0.00
Common Stock Payments
—
—
0.00
0.00
Repurchase Of Capital Stock
—
—
0.00
0.00
Proceeds From Stock Option Exercised
12.57
-35.06%
19.36
+42.15%
13.62
-7.84%
14.78
Net Other Financing Charges
-42.12
+14.67%
-49.36
-329.87%
-11.48
—
Changes In Cash
250.60
+556.34%
38.18
-73.14%
142.16
+162.02%
54.26
Beginning Cash Position
788.53
+5.09%
750.35
+23.38%
608.18
+9.80%
553.92
End Cash Position
1,039.12
+31.78%
788.53
+5.09%
750.35
+23.38%
608.18
Free Cash Flow
360.42
+36.33%
264.37
+88.93%
139.93
+221.44%
43.53
Interest Paid Supplemental Data
—
—
0.00
0.00
Income Tax Paid Supplemental Data
14.40
+89.04%
7.62
+228.45%
2.32
+277.24%
0.61
Amortization Of Securities
-1.85
-235.93%
-0.55
0.00
0.00
Common Stock Issuance
—
—
0.00
0.00
Issuance Of Capital Stock
—
—
0.00
0.00
Net Preferred Stock Issuance
—
—
0.00
0.00
Preferred Stock Issuance
—
—
0.00
0.00
Sale Of Intangibles
0.00
0.00
-100.00%
0.10
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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