Duolingo, Inc. DUOL AI
Technology · Software - Application · United States
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.
READ MORE ›$111.36
-78.57% 1Y
Market & Price
Market Cap
$5.19B
Current Price
$111.36
High / Low (52W)
$526.85 / $90.03
Beta
0.90
Valuation
Stock P/E
12.74
Industry PE
32.74
Forward P/E
14.05
PEG Ratio
-
Book Value
$29.71
Price to Book
3.75
P/S
4.72
EV/EBITDA
22.71
Dividend Yield
-
Profitability & Returns
ROCE
9.41%
ROE
36.96%
ROA
5.87%
Profit Margin
38.44%
Op Margin
15.37%
EPS (Latest Qtr)
$0.89
EPS (TTM)
$8.74
Balance Sheet & Liquidity
Debt/Equity
0.07
Quick Ratio
2.41
Current Ratio
2.62
Debt
$91.87M
Total Assets
$1.99B
Current Assets
$1.44B
Working Capital
$885.46M
Ownership
Promoter Holding
1.50%
Chg in Prom Hold
-
FII / Inst Holding
98.01%
Chg in FII Hold
-0.03%
Financial Snapshot
Enterprise Value
$4.03B
Total Revenue (TTM)
$1.10B
EBITDA
$177.40M
Free Cash Flow
$312.47M
Operating Cash Flow
$432.96M
Shares Outstanding
40.24M
Gross Margin
72.67%
Payout Ratio
0.00%
Growth (CAGR)
Revenue 5Y
41.08%
Profit 5Y
265.01%
Revenue (YoY)
26.50%
Earnings (YoY)
23.60%
PROS
- Strong return on equity of 37.0%.
- Excellent profit margin of 38.4%.
- Compounding revenue at 41.1% over 5 years.
- Profit CAGR of 265.0% over 5 years.
- Generates positive free cash flow.
CONS
- Trading 78.9% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | DUOL Duolingo, Inc. AI | 111.36 | 12.74 | $5.19B | - | 9.41% | 36.96% | 41.08% | 265.01% |
| 2 | NVDA NVIDIA Corporation NDXSPXAI | 211.14 | 32.38 | $5.11T | 0.47% | 81.14% | 114.29% | 100.05% | 201.80% |
| 3 | AAPL Apple Inc. NDXSPX | 312.06 | 37.73 | $4.58T | 0.35% | 68.72% | 141.47% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXAI | 450.24 | 26.82 | $3.34T | 0.81% | 26.37% | 34.01% | 12.42% | 11.87% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AI | 418.45 | 35.86 | $2.17T | 0.91% | 32.04% | 36.21% | 18.94% | 19.57% |
| 6 | MU Micron Technology, Inc. NDXSPXAI | 971.00 | 45.87 | $1.10T | 0.06% | 14.20% | 39.82% | 6.71% | -0.57% |
| 7 | AMD Advanced Micro Devices, Inc. NDXSPXAI | 516.10 | 172.61 | $841.55B | - | 6.33% | 8.06% | 13.64% | 48.64% |
| 8 | ORCL Oracle Corporation SPXAI | 225.78 | 40.46 | $649.35B | 0.89% | 13.07% | 57.57% | 10.59% | 22.81% |
| 9 | ASML ASML Holding N.V. NDXAI | 1,612.76 | 53.76 | $621.59B | 0.54% | 43.81% | 52.24% | 15.55% | 19.55% |
Ad space
Quarterly Results
Figures in USD.
| Metric | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 40.01M | 45.30M | 55.36M | 58.80M | 63.59M | 81.22M | 88.39M | 96.06M | 115.66M | 126.84M | 137.62M | 167.55M | 178.33M | 192.59M | 230.74M | 252.26M | 271.71M | 282.87M | 291.97M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 66.65M | 69.68M | 74.80M | 77.00M | 78.87M |
| Gross Profit | 28.20M | 32.20M | 40.34M | 42.67M | 45.52M | 59.73M | 64.52M | 69.76M | 84.17M | 93.05M | 101.37M | 122.36M | 130.98M | 140.41M | 164.10M | 182.58M | 196.91M | 205.87M | 213.10M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 140.50M | 149.22M | 161.75M | 162.41M | 168.57M |
| Operating Income | 82.00K | -3.07M | -13.41M | -478.00K | -28.70M | -11.85M | -15.03M | -20.16M | -8.52M | -4.87M | -4.67M | 16.44M | 18.70M | 13.57M | 23.59M | 33.36M | 35.16M | 43.45M | 44.53M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 27.18M | 36.80M | 38.71M | 47.26M | 48.72M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 35.01M | 46.45M | 46.45M | 54.50M | 55.55M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -125.00K | 1.67M | -245.75M | 12.55M | 12.09M |
| Net Income | 40.00K | -3.18M | -176.00K | -176.00K | -28.97M | -12.15M | -15.04M | -18.45M | -2.58M | 3.73M | 2.81M | 26.96M | 24.35M | 23.36M | 35.13M | 44.78M | 292.19M | 41.95M | 43.46M |
| Diluted EPS | 0.00 | -0.25 | -1.04 | -0.01 | -0.98 | -0.31 | -0.38 | -0.46 | -0.06 | 0.08 | 0.06 | 0.57 | 0.51 | 0.49 | 0.72 | 0.91 | 5.95 | 0.90 | 0.89 |
| R&D Expense | 12.11M | 15.89M | 22.53M | 21.94M | 29.34M | 29.78M | 34.22M | 41.98M | 45.84M | 47.95M | 50.30M | 50.88M | 55.15M | 62.88M | 70.39M | 73.67M | 82.71M | - | 82.97M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Revenue | 161.70M | 250.77M | 369.50M | 531.11M | 748.02M | 1.04B |
| Cost of Revenue | - | - | 99.43M | 142.10M | 203.65M | 288.13M |
| Gross Profit | 115.71M | 181.59M | 270.06M | 389.00M | 544.38M | 749.46M |
| Operating Expenses | - | - | 335.26M | 402.26M | 481.78M | 613.89M |
| Operating Income | -16.01M | -60.01M | -65.19M | -13.26M | 62.59M | 135.57M |
| EBITDA | - | - | -60.33M | -6.16M | 73.45M | 149.96M |
| Interest Expense | - | - | - | - | - | - |
| Pretax Income | - | - | -58.64M | 17.78M | 102.31M | 182.41M |
| Tax Provision | - | - | 938.00K | 1.71M | 13.73M | -231.66M |
| Net Income | -15.78M | -60.13M | -59.57M | 16.07M | 88.57M | 414.06M |
| Diluted EPS | -1.24 | -2.57 | -1.51 | 0.35 | 1.97 | 8.57 |
| R&D Expense | 53.02M | 103.83M | 150.44M | 194.35M | 235.30M | 306.32M |
Compounded Sales Growth
| 5 Years: | 41.08% |
| 1 Year: | 26.50% |
Compounded Profit Growth
| 5 Years: | 265.01% |
| 1 Year: | 23.60% |
Stock Price Performance
| 1 Year: | -78.57% |
| 6 Months: | -36.64% |
| 3 Months: | +10.26% |
| 1 Month: | +4.25% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Total Assets | - | 175.74M | - | 747.35M | 953.96M | 1.30B | 1.99B |
| Current Assets | - | - | - | 697.18M | 897.80M | 1.10B | 1.44B |
| Cash & Equivalents | - | 120.49M | - | 608.18M | 747.61M | 785.79M | 1.04B |
| Inventory | - | - | - | - | - | - | - |
| Receivables | - | - | - | 46.73M | 88.97M | 128.92M | 162.83M |
| Total Liabilities | - | 73.82M | - | 205.27M | 298.46M | 477.18M | 645.18M |
| Current Liabilities | - | 65.69M | - | 181.77M | 277.36M | 422.23M | 551.15M |
| Long Term Debt | - | - | - | - | - | - | - |
| Total Debt | - | - | - | 28.41M | 21.09M | 54.66M | 93.78M |
| Total Equity | -83.98M | -80.69M | - | 542.08M | 655.50M | 824.55M | 1.35B |
| Shares Outstanding | - | - | - | 40.36M | 42.53M | 44.94M | 46.63M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | 17.71M | - | 53.66M | 153.61M | 285.51M | 387.82M |
| Investing Cash Flow | -4.01M | - | -14.17M | -13.58M | -217.33M | -107.68M |
| Financing Cash Flow | 46.95M | - | 14.78M | 2.13M | -30.00M | -29.55M |
| Capital Expenditure | -3.38M | - | -10.12M | -13.68M | -21.14M | -27.40M |
| Free Cash Flow | 14.33M | - | 43.53M | 139.93M | 264.37M | 360.42M |
| Net Change in Cash | - | - | 54.26M | 142.16M | 38.18M | 250.60M |
| Share Buybacks | 0 | 868.00K | 0 | 0 | - | - |
Ratios (Annual)
Figures in %.
| Metric | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Gross Margin % | 71.6% | 72.4% | 73.1% | 73.2% | 72.8% | 72.2% |
| Operating Margin % | -9.9% | -23.9% | -17.6% | -2.5% | 8.4% | 13.1% |
| Net Margin % | -9.8% | -24.0% | -16.1% | 3.0% | 11.8% | 39.9% |
| ROE % | 19.6% | - | -11.0% | 2.5% | 10.7% | 30.7% |
| ROCE % | -14.5% | - | -11.5% | -2.0% | 7.1% | 9.4% |
Shareholding Pattern
Insiders
1.50%
Institutions
98.01%
Public Float
99.50%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | BAILLIE GIFFORD & CO | 12.12% | 4.88M | $542.97M |
| 2 | Blackrock Inc. | 9.91% | 3.99M | $443.93M |
| 3 | Vanguard Capital Management LLC | 4.28% | 1.72M | $191.89M |
| 4 | Vanguard Portfolio Management LLC | 4.06% | 1.63M | $181.81M |
| 5 | FIL LTD | 4.03% | 1.62M | $180.72M |
| 6 | Two Sigma Investments, LP | 3.47% | 1.40M | $155.41M |
| 7 | Bank of America Corporation | 3.31% | 1.33M | $148.37M |
| 8 | Federated Hermes, Inc. | 3.11% | 1.25M | $139.54M |
| 9 | STATE OF MICHIGAN RETIREMENT SYSTEM | 2.97% | 1.19M | $132.89M |
| 10 | State Street Corporation | 2.94% | 1.18M | $131.81M |
Analyst View
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Analyst aggregate. Targets and ratings update periodically; not investment advice.
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