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Duolingo, Inc. logo

Duolingo, Inc.

DUOL

NASDAQTechnologySoftware - Application

Open in GoAI

Previous close

$146.13

−$0.90 · -0.61%

Aug 21, 4:00 PM ET

DUOL company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

100

Deep Value

Momentum

34

Weakening

Sentiment

66

Bullish

Risk resilience

38

High Risk

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Duolingo, Inc. builds and operates an online platform and a mobile application dedicated to language learning, catering to audiences in both the United States and China. The company's comprehensive curriculum spans 40 diverse languages, featuring prominent options such as Spanish, English, French, Japanese, German, Italian, Chinese, and Portuguese, among others. Furthermore, it offers a digital examination for assessing language proficiency. This enterprise was founded in 2011 and its main offices are located in Pittsburgh, Pennsylvania.

Industry
Software - Application
Sector
Technology
Headquarters
US
CEO
Luis Alfonso von Ahn Arellano
Listed since
Jul 28, 2021
Employees
900

Market position

Day range

Current $146.13

52-week range

Current $146.13

Open
$146.65
Previous close
$147.03
Volume
679.6K
0.44× average
Average volume
1.53M
Average daily volume
Market cap
6.81B USD
Beta
0.88
Market reference 1
50-day average
$130.38
+12.08% above average
200-day average
$134.06
+9.00% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
7.09B USD
P/E (TTM)
16.42×
P/B (TTM)
4.84×
P/S (TTM)
5.95×
EV / EBITDA
36.03×
Earnings yield
5.15%
Free cash flow yield
4.60%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
72.34%
Operating margin
14.18%
Net margin
35.87%
Return on equity
30.74%
Return on assets
20.78%
Return on invested capital
9.80%

Financial health

Debt / equity
0.06×
Current ratio
2.61×
Altman Z-score
7.83
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends82%43%5%-34%Gross margin, FY2021: 72.13%Gross margin, FY2022: 72.01%Gross margin, FY2023: 72.29%Gross margin, FY2024: 72.03%Gross margin, FY2025: 71.68%Operating margin, FY2021: -22.37%Operating margin, FY2022: -17.47%Operating margin, FY2023: -2.43%Operating margin, FY2024: 8.50%Operating margin, FY2025: 13.61%Net margin, FY2021: -23.98%Net margin, FY2022: -16.12%Net margin, FY2023: 3.03%Net margin, FY2024: 11.84%Net margin, FY2025: 39.91%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 72.13%. Gross margin FY2022 72.01%. Gross margin FY2023 72.29%. Gross margin FY2024 72.03%. Gross margin FY2025 71.68%. Operating margin FY2021 -22.37%. Operating margin FY2022 -17.47%. Operating margin FY2023 -2.43%. Operating margin FY2024 8.50%. Operating margin FY2025 13.61%. Net margin FY2021 -23.98%. Net margin FY2022 -16.12%. Net margin FY2023 3.03%. Net margin FY2024 11.84%. Net margin FY2025 39.91%.

Income trends

Revenue

1.04B USD+38.71%

Operating income

141.24M USD+122.18%

Net income

414.07M USD+367.48%
Income trends across reported periods1.15B USD706.94M USD266.09M USD−174.77M USDRevenue, FY2021: 250.77M USDRevenue, FY2022: 369.5M USDRevenue, FY2023: 531.11M USDRevenue, FY2024: 748.02M USDRevenue, FY2025: 1.04B USDOperating income, FY2021: −56.1M USDOperating income, FY2022: −64.56M USDOperating income, FY2023: −12.92M USDOperating income, FY2024: 63.57M USDOperating income, FY2025: 141.24M USDNet income, FY2021: −60.14M USDNet income, FY2022: −59.57M USDNet income, FY2023: 16.07M USDNet income, FY2024: 88.57M USDNet income, FY2025: 414.07M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 250.77M USD. Revenue FY2022 369.5M USD. Revenue FY2023 531.11M USD. Revenue FY2024 748.02M USD. Revenue FY2025 1.04B USD. Operating income FY2021 −56.1M USD. Operating income FY2022 −64.56M USD. Operating income FY2023 −12.92M USD. Operating income FY2024 63.57M USD. Operating income FY2025 141.24M USD. Net income FY2021 −60.14M USD. Net income FY2022 −59.57M USD. Net income FY2023 16.07M USD. Net income FY2024 88.57M USD. Net income FY2025 414.07M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.04B USD748.02M USD531.11M USD369.5M USD250.77M USD
Cost of goods sold293.87M USD209.19M USD147.18M USD103.43M USD69.88M USD
Gross profit743.72M USD538.84M USD383.93M USD266.06M USD180.89M USD
Research and development303M USD232.94M USD192.7M USD148.94M USD103.79M USD
Selling, general, and administrative299.49M USD242.33M USD204.15M USD181.68M USD133.2M USD
Operating expenses602.49M USD475.27M USD396.85M USD330.62M USD236.99M USD
Interest income45.23M USD42.7M USD31.09M USD7.24M USD—
Depreciation and amortization14.39M USD10.85M USD7.1M USD4.87M USD2.73M USD
Operating income141.24M USD63.57M USD−12.92M USD−64.56M USD−56.1M USD
Net income414.07M USD88.57M USD16.07M USD−59.57M USD−60.14M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
91%
10 beats, 1 miss, 0 met estimates
Average EPS surprise
+96.17%
11 comparable reports
Latest EPS result
0.66
Estimate 0.6 · Beat by 9.27%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates6.44.362.310.26Q1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 27, 2025: actual 0.31, estimate 0.482, surprise -35.67%, Miss. Q2 2025, reported May 1, 2025: actual 0.72, estimate 0.515, surprise +39.81%, Beat. Q3 2025, reported Aug 6, 2025: actual 0.91, estimate 0.55, surprise +65.45%, Beat. Q4 2025, reported Nov 5, 2025: actual 5.95, estimate 0.759, surprise +683.93%, Beat. Q1 2026, reported Feb 26, 2026: actual 0.94, estimate 0.79, surprise +18.99%, Beat. Q2 2026, reported May 4, 2026: actual 0.89, estimate 0.79, surprise +12.66%, Beat. Q3 2026, reported Aug 5, 2026: actual 0.66, estimate 0.604, surprise +9.27%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 0.55, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates314.95M274.41M233.88M193.34MQ1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 27, 2025: actual 209.55M USD, estimate 205.46M USD, surprise +1.99%, Beat. Q2 2025, reported May 1, 2025: actual 230.74M USD, estimate 223.18M USD, surprise +3.39%, Beat. Q3 2025, reported Aug 6, 2025: actual 252.27M USD, estimate 257.24M USD, surprise -1.93%, Miss. Q4 2025, reported Nov 5, 2025: actual 271.71M USD, estimate 260.3M USD, surprise +4.38%, Beat. Q1 2026, reported Feb 26, 2026: actual 282.87M USD, estimate 275.95M USD, surprise +2.51%, Beat. Q2 2026, reported May 4, 2026: actual 291.97M USD, estimate 288.6M USD, surprise +1.17%, Beat. Q3 2026, reported Aug 5, 2026: actual 298.45M USD, estimate 295.58M USD, surprise +0.97%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 302.83M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$122.78

15.98% downside
Past 12 months12-month forecastHigh $160Average $122.78Low $80.00

Recent analyst actions

12 institutions
WedbushmaintainNeutral
Truist SecuritiesmaintainHold

DUOL news

seekingalpha.com

Duolingo Has Already Been Disrupting The Education Services Industry, But This Is Just The Beginning

Duolingo is positioned as a disruptive, globally recognized EdTech brand with evolving growth potential beyond language learning. DUOL's vision extends to building the world's best AI-powered education platform, with…

Read source
fool.com

Why Duolingo Stock Popped Today

Duolingo has prioritized user growth at the expense of profits. Yet the company's monetization efforts could be about to take hold.

Read source
benzinga.com

Duolingo Stock Surges After Upgrade to Buy Rating

Duolingo Inc. (NASDAQ:DUOL) shares are trading higher Tuesday after DA Davidson upgraded the stock. Here's what you need to know.

Read source
zacks.com

Duolingo Stock Jumps 22.1% in Three Months: Can the Rally Continue?

Duolingo's 22.1% three-month rally is backed by strong user growth and plunging AI costs, but slower bookings and a rich valuation raise the bar.

Read source
zacks.com

Should You Buy Duolingo as Growth Slows and Valuation Stays High?

DUOL's strong user growth and cash flow support its long-term case, but slower bookings, rising costs and a premium valuation raise execution risks.

Read source
invezz.com

Why is Duolingo stock surging 6% today

Duolingo DUOL stock climbed 6.6% on Tuesday despite a broader market decline, after DA Davidson upgraded the language-learning company's shares to Buy and raised its price target. The move comes as investors weigh…

Read source

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ETFs holding DUOL

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core S&P Mid-Cap ETF logoiShares Core S&P Mid-Cap ETFIJH
Market value
181.31M
Weight
0.14%
AUM
125.92B USD
Expense ratio
0.05%
Price / 1D
$76.77+0.52%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
163.96M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
118.47M
Weight
0.06%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Morningstar Small-Cap Growth ETF logoVanguard Morningstar Small-Cap Growth ETFVBK
Market value
68.65M
Weight
0.15%
AUM
43.8B USD
Expense ratio
0.05%
Price / 1D
$358.65+0.70%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
62.49M
Weight
0.07%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
State Street SPDR S&P MIDCAP 400 ETF Trust logoState Street SPDR S&P MIDCAP 400 ETF TrustMDY
Market value
43.33M
Weight
0.16%
AUM
26.72B USD
Expense ratio
0.23%
Price / 1D
$699.6+0.48%
State Street SPDR Portfolio S&P 400 Mid Cap ETF logoState Street SPDR Portfolio S&P 400 Mid Cap ETFSPMD
Market value
30.74M
Weight
0.16%
AUM
18.77B USD
Expense ratio
0.03%
Price / 1D
$67.27+0.52%
iShares Russell Mid-Cap ETF logoiShares Russell Mid-Cap ETFIWR
Market value
23.15M
Weight
0.04%
AUM
57.66B USD
Expense ratio
0.18%
Price / 1D
$113.44+0.70%

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