Company Overview
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.
Why Investors Should Care
Generates a return on equity of 34.4%, reflecting efficient use of shareholder capital.
Net profit has compounded at 265.0% per year over the last five years.
Revenue has grown at a 41.1% CAGR over the past five years.
Trades at a P/E of 18.3, below the sector median of 32.4.
Maintains a net profit margin of 35.9%.
Carries low leverage with a debt-to-equity ratio of 0.06.
Recent Developments
- Dec 2025 Revenue of $1.04B (+38.7% YoY); net profit $414.06M.
- Trailing 12 Months Year-on-year growth — revenue +18.3%, earnings -27.5%.
- 5-Year Trend Long-term compounding — revenue CAGR 41.1%, profit CAGR 265.0%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 41.08% |
| 1 Year: | 18.30% |
Compounded Profit Growth
| 5 Years: | 265.01% |
| 1 Year: | -27.50% |
Stock Price Performance
| 1 Year: | -52.90% |
| 6 Months: | +51.55% |
| 3 Months: | +41.67% |
| 1 Month: | +26.01% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
Duolingo Max (GPT-powered conversational tutor); video calls with Lily AI character.
- AI-powered language learning Duolingo uses GenAI to generate lessons, exercises and feedback at scale, dramatically lowering content-creation cost.
- Duolingo Max & Video Call Its premium Max tier uses GPT-based features (explain-my-answer, AI roleplay/Video Call) to monetise advanced learners.
- AI-driven personalisation Machine-learning personalises difficulty and retention to boost engagement and conversion.
- AI both cuts content costs and powers a premium tier — net margin ~38%, ROE ~37%.
- Strong ~27% revenue growth with high engagement and improving monetisation.
- GenAI lets Duolingo expand into new subjects (math, music) cheaply.
- Premium valuation prices in continued rapid growth; competition from free AI tutors is a risk.
Curated from public filings and analyst commentary; figures are illustrative.
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 Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Strong return on equity of 34.4%.
- Excellent profit margin of 35.9%.
- Compounding revenue at 41.1% over 5 years.
- Profit CAGR of 265.0% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading 58.2% below its 52-week high.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
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. R3KAITECH | 154.46 | 18.26 | $6.24B | 0.00% | 9.41% | 34.42% | 41.08% | 265.01% |
| 2 | NVDA NVIDIA Corporation NDXSPXR3KAITECH | 230.36 | 35.28 | $5.58T | 0.46% | 74.66% | 114.29% | 24.64% | 32.12% |
| 3 | AAPL Apple Inc. NDXSPXR3KTECH | 319.97 | 36.69 | $4.67T | 0.35% | 68.72% | 148.75% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXR3KAITECH | 499.70 | 27.85 | $3.71T | 0.73% | 26.33% | 34.04% | 9.93% | 11.90% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AITECH | 426.34 | 37.46 | $2.21T | 0.91% | 30.20% | 39.97% | 18.94% | 19.57% |
| 6 | AVGO Broadcom Inc. NDXSPXR3KAITECH | 357.90 | 59.55 | $1.70T | 0.62% | 16.70% | 37.28% | 17.04% | 54.08% |
| 7 | MU Micron Technology, Inc. NDXSPXR3KAITECH | 1,016.59 | 22.97 | $1.15T | 0.06% | 13.69% | 66.64% | 13.68% | 26.02% |
| 8 | AMD Advanced Micro Devices, Inc. NDXSPXR3KAITECH | 477.57 | 122.14 | $779.62B | 0.00% | 5.47% | 10.20% | 11.81% | 66.28% |
| 9 | ASML ASML Holding N.V. NDXAITECH | 1,714.88 | 58.49 | $658.69B | 0.53% | 42.97% | 53.94% | 15.55% | 19.55% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
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 | Mar 2026 | Jun 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 | 291.97M | 298.45M |
| 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 | 213.10M | 216.74M |
| 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 | 44.53M | 33.95M |
| 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 | 43.46M | 33.16M |
| 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 | 0.89 | 0.66 |
| 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 | 92.19M |
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 | 8.88 |
| R&D Expense | 53.02M | 103.83M | 150.44M | 194.35M | 235.30M | 306.32M |
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 | 661.31M | 747.35M | 953.96M | 1.30B | 1.99B |
| Total Equity | -83.98M | -80.69M | 513.06M | 542.08M | 655.50M | 824.55M | 1.35B |
| Cash & Equivalents | - | 120.49M | 553.92M | 608.18M | 747.61M | 785.79M | 1.04B |
| Total Liabilities | - | 73.82M | 148.25M | 205.27M | 298.46M | 477.18M | 645.18M |
| Current Liabilities | - | 65.69M | 119.13M | 181.77M | 277.36M | 422.23M | 551.15M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | 17.71M | 9.17M | 53.66M | 153.61M | 285.51M | 387.82M |
| Investing Cash Flow | -4.01M | -6.21M | -14.17M | -13.58M | -217.33M | -107.68M |
| Financing Cash Flow | 46.95M | 430.47M | 14.78M | 2.13M | -30.00M | -29.55M |
| Capital Expenditure | -3.38M | -3.59M | -5.56M | -3.19M | -12.12M | -18.10M |
| Free Cash Flow | 14.33M | 5.58M | 48.09M | 150.42M | 273.40M | 369.73M |
| 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% | -11.7% | -11.0% | 2.5% | 10.7% | 30.7% |
| ROCE % | -14.5% | -11.1% | -11.5% | -2.0% | 7.1% | 9.4% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | BAILLIE GIFFORD & CO | 11.95% | 4.82M | $709.08M |
| 2 | Blackrock Inc. | 9.58% | 3.87M | $568.38M |
| 3 | AQR Capital Management, LLC | 5.78% | 2.33M | $342.84M |
| 4 | Vanguard Capital Management LLC | 4.32% | 1.75M | $256.58M |
| 5 | Two Sigma Investments, LP | 4.03% | 1.63M | $239.47M |
| 6 | FIL LTD | 3.97% | 1.60M | $235.69M |
| 7 | Vanguard Portfolio Management LLC | 3.97% | 1.60M | $235.65M |
| 8 | Federated Hermes, Inc. | 3.40% | 1.37M | $201.63M |
| 9 | STATE OF MICHIGAN RETIREMENT SYSTEM | 3.23% | 1.31M | $191.97M |
| 10 | State Street Corporation | 3.04% | 1.23M | $180.70M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for DUOL
DUOL Stock Eyes Best Week In Over A Year: Retail Cheers Duolingo's 'Fortress-Like Balance Sheet' - Stocktwits
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Duolingo (DUOL) Stock May Be 48% Undervalued As Cash Flow Holds Up - Yahoo Finance
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Can DUOL's 23% Daily User Growth Sustain Its Momentum? - TradingView
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NOW, TEAM, DUOL Stocks Hit 52-Week Lows: What's Driving The Selloff? - Stocktwits
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Is Duolingo the Next Netflix-Style Comeback Story? - marketbeat.com
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DUOL — Frequently Asked Questions
What is the current share price of Duolingo, Inc. (DUOL)?
As of 2026-09-07 16:24 PDT, Duolingo, Inc. (DUOL) trades at $154.46 on NasdaqGS. Its 52-week range is $90.03 to $369.19.
What is the market capitalisation of DUOL?
Duolingo, Inc. (DUOL) has a market capitalisation of $6.24B on NasdaqGS.
What is the P/E ratio of DUOL?
DUOL trades at a trailing price-to-earnings (P/E) ratio of 18.26. The industry average P/E is 32.42. Its price-to-book (P/B) ratio is 4.34.
What is the return on equity (ROE) of DUOL?
DUOL has a return on equity (ROE) of 34.42%. Its return on capital employed (ROCE) is 9.41%.
Is DUOL a good stock to buy?
This page provides a data-driven analysis of Duolingo, Inc. (DUOL), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.