Duolingo, Inc. DUOL

143.51 (4.24) (2.87%) as of 25 Sep
Market cap
$6.9B
P/E
16.2×
Growth Flags show if company had growth for consecutive years,
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 0.50
Total sells 30.11
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — 1 — — — — — —
Sell 2 6 — — 4 — — 3 — — 3 4
Insider Ownership 14.89%

Capital & Financial Ratios

Market Cap 6,900.00
Revenue 1,145.00
Net Income 410.77
Free Cash Flow 397.50
Net Debt (1,227.73)
Current Ratio 2.72
Debt/Equity 0.06
P/E ratio 16.16
P/S ratio 5.85
P/B ratio 4.75
Past 5Y EPS Growth —
This Y EPS Growth (67.79%)
Next Y EPS Growth 22.02%
Next 5Y EPS Growth (21.20%)
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 748 878 1,140 1,314
Receivables 89 129 177 134
Inventory — — — —
Other — — — —
898 1,102 1,437 1,571
2023 2024 2025 Q'26
Payables 2 6 8 16
ST’ Debt — — — —
Other — — — —
277 422 551 578
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — 45.03% 41.08%
Cash Flow — 85.39% 93.35%
Earnings — 0.00% 0.00%
Book Value — 0.00% 35.45%

Revenue

Mar Jun Sep Dec Year
’26 292 298 — — —
’25 231 252 272 283 1,038
’24 168 178 193 210 748
’23 116 127 138 151 531
’22 81 88 96 104 369
’21 55 59 64 73 251
’20 28 40 45 48 162
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 151 88 — — —
’25 106 91 84 107 388
’24 84 62 56 83 286
’23 30 37 38 49 154
’22 21 13 9 12 54
’21 5 (1) 5 0 9
’20 5 8 1 4 18
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 148 79 — — —
’25 103 86 77 94 360
’24 78 54 51 81 264
’23 28 34 33 45 140
’22 18 9 5 11 44
’21 3 (3) 3 (1) 3
’20 3 8 0 2 14
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.89 0.66 — — —
’25 0.72 0.91 5.95 0.94 8.57
’24 0.57 0.51 0.49 0.31 1.88
’23 (0.06) 0.08 0.06 0.26 0.35
’22 (0.31) (0.38) (0.46) (0.35) (1.51)
’21 (1.04) (0.01) (0.98) (0.46) (2.57)
’20 (0.18) 0.00 (0.25) (0.81) (1.24)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2.7
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— — — — — 94.51 60.50 68.93 145.05 166.27

Analyst estimates 2026–2028

Powerpack
Low Price
— — — — — 205.00 113.36 245.87 378.48 544.93
High Price
— — — — 400 500 600 720 830 900
Employees
— — — 0 0 1 1 1 1 1
Revenue/Emp
— — — 71 162 251 369 531 748 1,038
Revenue
— — — 70.69% 71.56% 72.41% 73.09% 73.24% 72.78% 72.23%
Gross Margin
— — — (14) (16) (60) (59) 18 102 182
EBT
— — — (19.15%) (9.71%) (23.91%) (15.87%) 3.35% 13.68% 17.58%
EBT Margin
— 0 — (14) (16) (60) (60) 16 89 414
Net Income
— — — 1 2 3 5 7 10 13
Depreciation
— — — 5.72 12.70 10.70 9.36 12.81 17.19 22.67
Revenue/Sh
— — — (1.10) (1.24) (2.57) (1.51) 0.39 2.04 9.05
Earnings/Sh
— — — 0.17 1.39 0.39 1.36 3.71 6.56 8.47
Cash Flow/Sh
— — — (0.42) (0.32) (0.26) (0.26) (0.33) (0.49) (0.60)
Capex/Sh
— — — (0.25) 1.08 0.13 1.10 3.38 6.08 7.87
Free CF/Sh
— — — (6.79) (6.34) 21.89 13.73 15.81 18.95 29.43
Book Value/Sh
— — — 12 13 23 39 41 44 46
Shares
— — — 0.00 0.00 0.00 0.00 549.62 162.12 19.50
PE Ratio
— — — 8.51 8.51 9.92 7.58 16.73 18.86 7.74
PS Ratio
— — — 0.00 0.00 4.85 5.16 13.55 17.11 5.96
PB Ratio
— — — 8.00 8.00 7.82 5.99 15.36 17.76 6.73
EV/Sales
— — — 485.44 485.44 661.83 50.88 58.26 50.24 19.38
EV/FCF
— — — 2 18 9 54 154 286 388
Op' Cash Flow
— — — (5) (4) (6) (10) (14) (21) (27)
Capex
— — — (3) 14 3 44 140 264 360
FCF
— — — 47 93 500 515 620 679 885
Working Cap'
— — — 9 8 29 24 21 55 94
Total Debt
— — — (51) (112) (525) (585) (727) (823) (1,047)
Net Debt
— — — (84) (81) 513 542 656 825 1,347
Sh' Equity
— — — (28.52%) (11.65%) (14.37%) (8.46%) 1.89% 7.85% 25.14%
ROA
— — — 0.00% 0.00% 0.00% 0.00% 0.00% 2,506.21% 28.21%
ROIC
— — — 16.46% 19.16% (27.82%) (11.29%) 2.68% 11.97% 38.14%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Duolingo, Inc. (DUOL) key facts

  • Duolingo, Inc. (DUOL) is a Software Application company in the Technology sector, listed on Nasdaq.
  • Duolingo, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.0 billion, up 38.7% from fiscal 2024.
  • Net income was $414.1 million, or $9.05 per share (basic), a net margin of 39.9%.
  • As of September 25, 2026, DUOL traded at $143.51, a market capitalization of $6.9 billion.
  • At that price the stock trades at 16.2× trailing-twelve-month earnings and 5.9× sales.
  • Return on equity was 38.1% and debt-to-equity 0.06.

Source: company filings (standardised) and stockrow calculations.

Duolingo, Inc. (DUOL) Latest News

News by impact score

Fine-tune

25 Sep

3

Duolingo stock fell 2.8% to $143.61 as the broader market rose (S&P 0.51%, Dow 0.93%, Nasdaq 0.48%). Over the past month, DUOL gained about 3.4% while the Business Services sector lagged. Investors await the next earnings report, with consensus EPS of $0.55 (down 42% YoY) and revenue of $303.5 million (up 11.7%). Zacks ranks DUOL #3 (Hold) and cites a forward P/E of 56.5, well above the industry 17.31, with a PEG of 1.21. Recent estimate revisions are noted as signaling near-term changes, and the tech services group sits in the bottom tier of its industry. Full-year guidance calls for EPS of $2.62 and revenue of $1.21 billion, implying large YoY earnings declines but top-line growth. Recent estimate revisions and a high forward valuation suggest a moderate near-term impact on sentiment and earnings trajectory.

23 Sep

4

Duolingo's Green Machine remains central to growth, testing hundreds of app changes and expanding those that work to boost retention, learning outcomes and monetization without harming free-user growth. CURR reached a record 84%, implying compounding DAU gains. AI and trial enhancements expand conversational practice, with most new Super Duolingo subscribers using Video Call, and broader access planned for existing subscribers later this year. Longer free trials have produced encouraging early results and are expected to lift both revenue and daily active users. Taken together, the moves strengthen Duolingo's product while prioritizing learner value over monetization pressure. Compared with peers Coursera and Chegg, Duolingo focuses on converting frequent, gamified engagement into paid subscriptions and bookings, underscoring a monetization strategy linked to growth. AI-driven retention improvements and longer trials could materially raise engagement and monetization, impacting revenue trajectory.

17 Sep

4

Duolingo advances AI features and revises Super subscription offerings, prompting analysis on whether DUOL shares trade below intrinsic value amid these strategic shifts. AI initiatives combined with subscription model updates represent major strategic moves likely to alter Duolingo's growth trajectory and investor sentiment.

3

Duolingo (DUOL) stock appears overvalued amid investor focus on AI-driven product updates. AI product shifts may moderately affect Duolingo's innovation edge and valuation sentiment.

3

Duolingo advances AI upgrades while an insider executes share sales, factors that could reshape the investment case for DUOL. AI product updates and insider sales create moderate shifts in innovation outlook and market sentiment without fundamentally redefining company trajectory.

14 Sep

4

Duolingo is discontinuing a major revenue source. The shift improves user experience and supports stronger investor outcomes. Ending a cash cow feature while delivering gains for users and investors marks a major strategic pivot with lasting effects on growth and valuation.

7 Sep

3

Duolingo posts 23% daily user growth with questions on whether momentum can continue. User growth directly affects Duolingo revenue and valuation but article only questions sustainability without new developments.

5 Sep

3

Duolingo may be positioned for a Netflix-style stock and business recovery amid ongoing challenges. Speculative comparison to Netflix implies moderate potential effects on Duolingo's market trajectory.

4 Sep

4

Evercore has turned bullish on Duolingo (DUOL) stock as AI-related fears subside. Analyst upgrade from Evercore improves Duolingo investor sentiment and stock trajectory by reducing AI concerns.

3 Sep

3

Duolingo shares rose after Evercore doubled its price target to $210, suggesting ChatGPT-related competitive concerns may be easing. Evercore price target hike to $210 signals improved sentiment on Duolingo amid fading ChatGPT fears but remains an analyst view without altering core operations.

2 Sep

3

Duolingo (DUOL) stock may be 48% undervalued with cash flow holding up. Valuation analysis suggesting 48% undervaluation can shift investor sentiment and near-term trading.

1 Sep

4

Duolingo shares rose 8.7% after the company announced an AI-proof upgrade and share buyback, prompting questions on whether its growth outlook has shifted. AI-proof upgrade and buyback signal major strategic moves that could alter Duolingo competitive positioning and investor outlook.

4

Evercore upgraded Duolingo citing expected strong user growth and earnings upside. Analyst upgrade on user growth and earnings signals major positive shift in investor sentiment and stock trajectory.

4

Evercore sees Duolingo experiencing a 2022 Netflix Moment, marking a significant turning point for the company similar to Netflix's historical growth phase. Evercore's Netflix Moment analogy highlights transformative potential for Duolingo's trajectory.

4

Duolingo stock rises in premarket trading after an analyst projects Netflix-like growth and doubles the price target. Doubled price target on Netflix-like growth outlook signals substantial upside potential for Duolingo valuation and sentiment.

3

Duolingo shares rally after Evercore upgrades the stock, though valuation debate remains open. Evercore upgrade drives short-term stock gains but valuation uncertainty limits broader long-term effects.

3

Evercore analysts conclude Duolingo's app will survive ChatGPT disruption in language learning. Analyst endorsement of Duolingo resilience to AI competition may support investor sentiment and stock trajectory.

31 Aug

3

Duolingo stock receives an upgrade as an analyst forecasts a recovery trajectory similar to Netflix. Analyst upgrade introduces positive sentiment around potential long-term recovery but remains limited to market perception without confirmed operational changes.

28 Aug

3

Market labeled Duolingo an AI casualty but user activity shows sustained engagement and no decline in core metrics. User data directly offsets AI-driven market concerns without altering long-term fundamentals.

20 Aug

3

Duolingo's Q2 results indicate improving user metrics while monetization efforts remain early stage, according to Wedbush. Q2 user signals and monetization commentary from Wedbush can shift near-term investor sentiment on Duolingo trajectory.

19 Aug

3

Duolingo (DUOL) stock may be 48% below fair value as revenue outlook softens. Revenue outlook softening for Duolingo may affect near-term investor sentiment and valuation perceptions without fundamentally shifting long-term trajectory.

18 Aug

3

Duolingo faces slowing growth while its valuation remains elevated, raising doubts about the stock's investment appeal. Slowing growth combined with high valuation can weigh on Duolingo's share price and investor sentiment.

3

DA Davidson states Duolingo nears a turning point after 65% stock decline. Analyst note on potential turning point after sharp drop may moderately shift investor sentiment and short-term stock performance.

3

Duolingo nears a turning point prompting an analyst upgrade of the stock to Buy. Analyst upgrade to Buy signals potential positive shift in market perception for Duolingo.

17 Aug

4

Duolingo emphasizes human tutors and personal interactions in its language platform to differentiate from pure AI competitors, betting that this hybrid approach will sustain user engagement and growth despite rapid AI advances in education technology. Strategic hybrid model of humans plus AI directly shapes Duolingo's product positioning and long-term competitive edge versus automated rivals.

12 Aug

4 transcript

Duolingo (DUOL) held its Q2 2026 earnings call to discuss quarterly results and outlook. Earnings call delivers key financial results and guidance that typically drive stock movement.

11 Aug

4

Duolingo reported quarterly earnings that directly test Wall Street cautions on growth sustainability and user metrics, showing results that either confirm or push back against prior skepticism on the company's trajectory. Earnings outcomes can shift investor sentiment and alter Duolingo's near-term stock trajectory and competitive perception.

3

Duolingo achieves record user retention as app enhancements drive higher stickiness. All-time high retention directly supports revenue stability and user growth at Duolingo.

8 Aug

3 transcript

Duolingo Inc. (DUOL) presented Q2 earnings call highlights covering financial results and operational updates. Q2 earnings updates typically influence near-term sentiment and guidance without major strategic overhauls.

3

Duolingo posts fresh earnings results and forward guidance that are assessed through a valuation framework. Earnings releases and guidance updates typically produce moderate short-term effects on stock sentiment and valuation without fundamentally shifting long-term trajectory.

stockrow.com/DUOL · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com