Duolingo, Inc. (DUOL) Stock Price & Analysis
Duolingo, Inc. (DUOL) closed at USD 136.39 on Thursday, October 29, 2026, up 0.87% on the day. The US market is currently closed (after-hours); this is not a live price.
The prior close was USD 135.21; the Oct 29, 2026 session ranged USD 131.95–136.7 on volume of 728,403 shares. Market capitalization is $6.35B, with a 52-week range of USD 87.89–279.98 (NMS). Source: Nexqual, retrieved October 29, 2026 at 21:18 UTC.
Also available as compact Markdown for AI agents: nexqual.com/DUOL.md
Key facts (DUOL)
- Last four reported quarters (through Jun 30, 2026): revenue $1.15B, net income $411M (35.9% margin), free cash flow $408M (SEC filings).
- Valuation: P/E 15.5x (avg 283.2x at the last 3 fiscal year-ends).
- Insider open-market sales, last ~7 months: 12 Form 4 filings, $38.8M; 3 not under a Rule 10b5-1 plan ($466K); 0 by opportunistic insiders, 11 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.79 on a 1–5 scale) (24 analysts), mean target USD 136.57 (range 80–210).
- Total return with dividends: 1Y -48.1% vs S&P 500 +14.4%; 5Y -21.5% vs S&P 500 +79.1%.
- Next earnings: 2026-11-03, EPS estimate USD 1.59, revenue estimate $303M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (DUOL)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $251M | $369M | $531M | $748M | $1.04B | $1.15B |
| Gross profit | $182M | $270M | $389M | $544M | $749M | — |
| Operating income | -$60.0M | -$65.2M | -$13.3M | $62.6M | $136M | $157M |
| Net income | -$60.1M | -$59.6M | $16.1M | $88.6M | $414M | $411M |
| EPS (diluted) | -$2.57 | -$1.51 | $0.35 | $1.88 | $8.57 | — |
| Free cash flow | $5.6M | $48.1M | $150M | $273M | $370M | $408M |
| Gross margin | 72.4% | 73.1% | 73.2% | 72.8% | 72.2% | — |
| Operating margin | -23.9% | -17.6% | -2.5% | 8.4% | 13.1% | 13.7% |
| Net margin | -24.0% | -16.1% | 3.0% | 11.8% | 39.9% | 35.9% |
| Revenue growth | +55.1% | +47.3% | +43.7% | +40.8% | +38.7% | — |
| Cash + short-term investments | $554M | $608M | $748M | $786M | $1.04B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (DUOL)
P/E 15.5x · P/S 5.5x · P/FCF 15.6x · P/B 4.5x · FCF yield 6.42% · Earnings yield 6.46%
P/E at fiscal year-ends: Dec 2025 20.5x, Dec 2024 172.4x, Dec 2023 656.8x.
Insider sales (SEC Form 4, open-market, last ~7 months) (DUOL)
9 of 12 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-07 | Von Ahn Luis | President & CEO, Co-Founder | 110,046 | $16.7M | 100% | Yes (adopted June 2, 2026) | Routine (sold in Mar each year 2023–2025; this trade is outside those months) |
| 2026-09-24 | Von Ahn Luis | President & CEO, Co-Founder | 46,682 | $7.0M | 100% | Yes (adopted June 2, 2026) | Routine (sold in Mar each year 2023–2025; this trade is outside those months) |
| 2026-09-21…2026-09-22 | Von Ahn Luis | President & CEO, Co-Founder | 40,980 | $6.2M | 100% | Yes (adopted June 2, 2026) | Routine (sold in Mar each year 2023–2025; this trade is outside those months) |
| 2026-09-16 | Von Ahn Luis | President & CEO, Co-Founder | 28,292 | $4.3M | 100% | Yes (adopted June 2, 2026) | Routine (sold in Mar each year 2023–2025; this trade is outside those months) |
| 2026-09-14 | Chen Stephen C. | General Counsel | 8,072 | $1.2M | 15.6% | Yes (adopted June 14, 2026) | Routine (sold in Feb & May & Aug & Nov each year 2023–2025; this trade is outside those months) |
| 2026-09-08 | Gordon William B | Director | 10,000 | $1.5M | 12.8% | Yes (adopted June 9, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-08-17…2026-08-18 | Glance Natalie | Chief Engineering Officer | 4,290 | $567K | 2.5% | Yes (adopted September 15, 2025) | Routine (sold in Feb & Mar & May & Aug & Nov each year 2023–2025) |
| 2026-08-17 | Meese Robert | Chief Business Officer | 1,354 | $175K | 0.8% | No | Routine (sold in Feb & May & Aug & Nov each year 2023–2025) |
| 2026-08-17 | Chen Stephen C. | General Counsel | 1,024 | $132K | 1.9% | No | Routine (sold in Feb & May & Aug & Nov each year 2023–2025) |
| 2026-05-15…2026-05-18 | Chen Stephen C. | General Counsel | 2,797 | $317K | 5% | Yes (adopted May 27, 2025) | Routine (sold in Feb & May & Aug & Nov each year 2023–2025) |
| 2026-05-15…2026-05-18 | Glance Natalie | Chief Engineering Officer | 5,289 | $598K | 3% | Yes (adopted September 15, 2025) | Routine (sold in Feb & Mar & May & Aug & Nov each year 2023–2025) |
| 2026-05-15 | Meese Robert | Chief Business Officer | 1,420 | $159K | 0.8% | No | Routine (sold in Feb & May & Aug & Nov each year 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (DUOL)
Consensus Hold (mean 2.79 on a 1–5 scale), 24 analysts; mean target USD 136.57 (low 80, high 210).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-26 | Goldman Sachs | Target raised | Neutral | $114 → $135 |
| 2026-09-29 | DA Davidson | Maintained | Buy | $175 |
| 2026-09-14 | DA Davidson | Maintained | Buy | $175 |
| 2026-09-01 | Evercore ISI Group | Upgrade | In-Line → Outperform | $105 → $210 |
| 2026-09-01 | DA Davidson | Target raised | Buy | $160 → $175 |
| 2026-08-27 | JP Morgan | Target raised | Neutral | $125 → $135 |
| 2026-08-25 | Argus Research | Reiterated | Hold | $146 |
| 2026-08-20 | Wedbush | Target raised | Neutral | $139 → $150 |
| 2026-08-18 | DA Davidson | Upgrade | Neutral → Buy | $130 → $160 |
| 2026-08-07 | Wells Fargo | Target lowered | Underweight | $82 → $80 |
| 2026-08-06 | DA Davidson | Target raised | Neutral | $120 → $130 |
| 2026-08-06 | UBS | Target raised | Buy | $125 → $150 |
Total return (dividends reinvested) (DUOL)
| 1Y (from 2025-10-30) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -48.1% | -21.5% |
| S&P 500 (SPY) | +14.4% | +79.1% |
| Per year | -48.2% | -4.7% |
| Volatility (annualized) | 64.9% | 59.4% |
| Max drawdown | -66.7% (Oct 2025→Apr 2026) | -83.0% (May 2025→Apr 2026) |
DUOL earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Aug 5, 2026 | Quarter ended Jun 30, 2026 | $1.24 | $1.54 | Miss −19.5% | -11.0% |
| May 4, 2026 | Quarter ended Mar 31, 2026 | $1.45 | $1.63 | Miss −11.0% | -6.5% |
| Feb 26, 2026 | Quarter ended Dec 31, 2025 | $1.59 | $1.68 | Miss −5.4% | -9.5% |
| Jan 12, 2026 | Quarter ended Dec 31, 2025 | $1.59 | $1.68 | Miss −5.4% | -6.1% |
| Nov 5, 2025 | Quarter ended Sep 30, 2025 | $6.80 | $1.59 | Beat +327.7% | -26.1% |
| Aug 6, 2025 | — | — | — | — | +14.8% |
| May 1, 2025 | — | — | — | — | +24.9% |
| Feb 27, 2025 | — | — | — | — | -19.3% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
DUOL recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 20, 2026 | Schedule 13G/A | BAILLIE GIFFORD & CO: 11.3% of shares, passive 5%+ holder (amended) |
| Aug 19, 2026 | 8-K | Regulation FD disclosure |
| Aug 12, 2026 | Schedule 13G/A | Von Ahn Luis: 8.2% of shares, passive 5%+ holder (amended) |
| Aug 12, 2026 | Schedule 13G | AQR Capital Management, LLC, AQR Capital Management Holdings, LLC: 5.8% of shares, passive 5%+ holder |
| Aug 10, 2026 | 8-K | Director or executive officer change, or pay arrangement; Regulation FD disclosure “On August 10, 2026, the Board of Directors (the "Board") of Duolingo, Inc. (the "Company") increased the size of the Board from nine to ten directors and appointed Sallie Krawcheck to serve as a Class I director on the Company's Board and as a member of its Audit, Risk and Compliance Committee ("Audit Committee"), in each case, effective immediately. Ms. Krawcheck will serve for a term expiring at the Company's annual meeting of stockholders to be held in 2028 and until her successor is duly elected and qualified…” |
| Aug 6, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Aug 5, 2026 | 8-K | Quarterly results |
| Jul 31, 2026 | Schedule 13G | Vanguard Capital Management: 5.1% of shares, passive 5%+ holder |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
DUOL revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Subscription | $258.0M | 86.5% | +22.5% |
| Advertising | $21.1M | 7.1% | +2.2% |
| Duolingo English Test | $10.1M | 3.4% | +0.2% |
| IAPs | $8.0M | 2.7% | -23.0% |
| Other | $1.3M | 0.4% | +148.2% |
| Total revenue | $298.5M | 100% | — |
DUOL revenue by region (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Non Us | $645.4M | 62.2% | +47.9% |
| United States | $392.2M | 37.8% | +25.9% |
| Total revenue | $1.04B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
DUOL suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Alphabet (Google) (GOOGL) | “•We rely on third-party hosting and cloud computing providers, like Amazon Web Services ("AWS") and Google Cloud, to operate certain aspects of our business.” |
| Supplier | Amazon (AMZN) | “•We rely on third-party hosting and cloud computing providers, like Amazon Web Services ("AWS") and Google Cloud, to operate certain aspects of our business.” |
| Supplier | Apple (AAPL) | “We depend on Apple and Google approving our mobile applications to be distributed on their respective platforms.” |
Quoted from the company's 10-K filed Feb 27, 2026.
DUOL customer concentration
In the period ended Jun 30, 2026, 3 direct customers each accounted for at least 10% (59.6%, 23.2%, 11.9%) of revenue, per the company's 10-Q filed Aug 6, 2026. The company does not name them.
DUOL analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.58 | $1.54 | +3.0% | $303.1M | 4 |
| Next quarter (ends Dec 2026) | $1.70 | $1.78 | -4.7% | $314.5M | 4 |
| Current fiscal year (ends Dec 2026) | $6.61 | $6.69 | -1.1% | $1.21B | 7 |
| Next fiscal year (ends Dec 2027) | $7.64 | $7.85 | -2.7% | $1.37B | 7 |
DUOL options: expected move
Options price a move of about ±13.7% (±$18.65) by Nov 6, 2026, which includes earnings on Nov 3, 2026. Over the last 8 reports the stock moved ±14.8% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 1 | 81.2% | ±3.4% |
| Nov 6, 2026 | 8 | 115.7% | ±13.7% |
| Nov 13, 2026 | 15 | 93.8% | ±15.1% |
| Nov 20, 2026 | 22 | 81.7% | ±15.9% |
| Nov 27, 2026 | 29 | 78.2% | ±17.5% |
| Dec 4, 2026 | 36 | 74.2% | ±18.5% |
| Dec 11, 2026 | 43 | 70.8% | ±19.3% |
| Dec 18, 2026 | 50 | 67.7% | ±19.8% |
30-day implied volatility 76.1% vs 50.8% realized over the last 30 trading days. Put/call ratio (volume) 0.55. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 29, 2026 at 21:18 UTC)
| Price | USD 136.39 |
|---|---|
| Change | ▲ 0.87% (up) |
| Previous Close | USD 135.21 |
| Open | USD 132.68 |
| Day Range | USD 131.95 – 136.7 |
| 52-Week Range | USD 87.89 – 279.98 |
| Volume | 728,403 shares |
| Market Cap | $6.35B |
| Exchange | NMS |
Technical Analysis (DUOL)
Nexqual's technical model rates DUOL "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 29, 2026 at 21:18 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 41.74 (neutral) |
| vs SMA50 | Below (USD 145.55) |
| MACD | -2.03 (negative) |
Analyst Ratings (DUOL)
Wall Street analysts rate DUOL "Hold" based on 24 analysts, with a mean price target of USD 136.57 (range USD 80–210), per Nexqual as of October 29, 2026 at 21:18 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 24 |
| Mean Target | USD 136.57 |
| High Target | USD 210 |
| Low Target | USD 80 |
| Buy / Hold / Sell | 6 / 16 / 2 |
Earnings (DUOL)
| Next Earnings Date | 2026-11-03 |
|---|---|
| EPS Estimate | USD 1.59 |
| Revenue Estimate | $303.10M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.24 vs est 1.54 ▼ miss |
| 2026-03-31 | USD 1.45 vs est 1.63 ▼ miss |
| 2025-12-31 | USD 1.59 vs est 1.68 ▼ miss |
| 2025-09-30 | USD 6.8 vs est 1.59 ▲ beat |
Source: Nexqual, October 29, 2026 at 21:18 UTC.
Financials & Fundamentals (DUOL)
| Total Revenue | $1.15B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +18.30% |
| Gross Margin | +72.72% |
| Operating Margin | +11.68% |
| Profit Margin | +35.88% |
| ROE | +34.42% |
| Debt / Equity | 0.06 |
| Current Ratio | 2.72 |
| Total Cash | $1.31B |
| Total Debt | $86.14M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $407.93M (35.6% of revenue) |
Source: Nexqual, October 29, 2026 at 21:18 UTC.
Financial Health Score (DUOL)
Nexqual rates Duolingo, Inc.'s overall financial health "Strong" across five dimensions, as of October 29, 2026 at 21:18 UTC.
| Growth | Strong — Revenue +39% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 73%, operating 14% (last 4 quarters to Jun 2026, SEC) |
| Balance Sheet | Strong — $1.31B cash vs $86M debt, net cash position |
| Cash Flow | Strong — FCF $408M (last 4 quarters to Jun 2026, SEC), 36% margin |
| Efficiency | Strong — ROE 29%, ROA 19.8% (last 4 quarters, SEC) |
Ownership (DUOL)
| Insider Ownership | +1.50% |
|---|---|
| Institutional Ownership | +99.12% |
| Shares Outstanding | 40.24M |
| Float | 39.97M |
| Short % of Float | +20.23% |
Source: Nexqual, October 29, 2026 at 21:18 UTC.
Leadership (DUOL)
Duolingo, Inc. is led by Luis Alfonso von Ahn Arellano, Co-Founder, Chairman of the Board, President & CEO, per Nexqual as of October 29, 2026 at 21:18 UTC.
| Co-Founder, Chairman of the Board, President & CEO | Luis Alfonso von Ahn Arellano |
|---|---|
| Chief Financial Officer | Gillian Munson |
| Co-Founder, CTO & Director | Severin Benedict Hacker |
| Chief Marketing Officer | Manu Orssaud |
Major Backers & Investors (DUOL)
Notable institutional backers of Duolingo, Inc. include Baillie Gifford, AQR Capital Management, LLC, Two Sigma Investments, LP, according to Nexqual as of October 29, 2026 at 21:18 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Baillie Gifford | 11.95% |
| AQR Capital Management, LLC | 5.78% |
| Two Sigma Investments, LP | 4.03% |
| FIL LTD | 3.97% |
| Federated Hermes, Inc. | 3.4% |
| STATE OF MICHIGAN RETIREMENT SYSTEM | 3.23% |
| Fidelity | 0.67% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 9.58% |
| Vanguard Group | 8.29% |
| State Street | 3.04% |
Source: Nexqual, October 29, 2026 at 21:18 UTC.
From Duolingo, Inc.'s Latest SEC 10-K Filing (filed 2026-02-27)
Key Strengths & Strategy (as disclosed to the SEC)
- Products across our platform, like our flagship Duolingo App (including our Math, Music, and Chess courses), and the Duolingo English Test, share a singular technology infrastructure, which allows us to leverage operational efficiencies in implementing new features for each.
- We further protect the use of our proprietary technology and intellectual property through provisions in both our user terms of use on our website and in our agreements with service providers.
- We also enter into, and rely on, confidentiality and proprietary rights agreements with our employees, consultants, contractors and business partners to protect our trade secrets, proprietary technology and other confidential information.
- With nearly 2 billion exercises completed every day on our platform, we believe we have built the world's largest collection of language-learning data.
Legal & Regulatory Risks (Item 1A, quoted)
- Our failure to comply with U.S. and foreign export controls, sanctions and other trade laws and regulations could have a material adverse effect on our business.
- We rely on a mixture of mechanisms to transfer personal data from the EEA and the U.K. to the U.S. and other jurisdictions deemed non-adequate and continue to evaluate what additional mechanisms may be required to establish adequate safeguards for personal data.
- The myriad international and U.S. privacy and data security laws are not consistent, and compliance is difficult and may be costly.
- Our development, implementation and use of AI and machine learning technologies, including third-party technologies, may not be successful, which may impair our ability to compete effectively, result in reputational harm and have an adverse effect on our business.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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| DSGX | The Descartes Systems Group Inc | USD 92.03 | ▼ 0.36% |
| YMM | Full Truck Alliance Co. Ltd. | USD 8.09 | ▲ 0.12% |
| PCTY | Paylocity Holding Corporation | USD 168.4 | ▼ 0.06% |
| IDCC | InterDigital, Inc. | USD 334.27 | ▲ 4.28% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 21:18 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt