DUOLNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
Duolingo, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$142.11+0.35 (+0.25%)
Close on Oct 19, 2026
- Market cap
- $7.11B
- P/E (TTM)
- 16.9
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
85.3%
40M of 47M shares
Institutional holders
434
123 new, 57 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
1 buys · 81 sales
Net sold $30.27M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Baillie Gifford & Co | 4,900,679 | 12.40% | 13G (passive) amendment | Oct 31, 2025 |
| Von Ahn Luis | 3,594,120 | 8.20% | 13G (passive) amendment | Jun 30, 2026 |
| FMR LLC | 3,555,888 | 9.10% | 13G (passive) amendment | Mar 31, 2025 |
| BlackRock, Inc. | 3,453,770 | 9.20% | 13G (passive) amendment | Sep 30, 2024 |
| Hacker Severin | 3,198,316 | 7.60% | 13G (passive) amendment | Mar 31, 2025 |
| AQR Capital Management Holdings, LLC | 2,332,543 | 5.80% | 13G (passive) | Jun 30, 2026 |
| Vanguard Capital Management | 2,054,884 | 5.10% | 13G (passive) | Jun 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of DUOL | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Baillie Gifford & Co | 4,824,298 | 10.31% | $554.89M | −51,512 | 0.50% |
| BlackRock, Inc. | 3,867,080 | 8.27% | $444.79M | −119,386 | 0.01% |
| Aqr Capital Management LLC | 2,332,543 | 4.99% | $268.29M | +2,222,495 | 0.09% |
| Vanguard Capital Management LLC | 1,745,689 | 3.73% | $200.79M | +22,557 | 0.00% |
| Two Sigma Investments, LP | 1,629,242 | 3.48% | $187.40M | +233,698 | 0.14% |
| FIL Ltd | 1,603,554 | 3.43% | $184.44M | −19,251 | 0.13% |
| Vanguard Portfolio Management LLC | 1,603,280 | 3.43% | $184.41M | −29,370 | 0.01% |
| Federated Hermes, Inc. | 1,371,817 | 2.93% | $157.79M | +118,791 | 0.23% |
| State Of Michigan Retirement System | 1,306,107 | 2.79% | $150.23M | +112,800 | 0.67% |
| State Street Corp | 1,229,391 | 2.63% | $141.40M | +45,747 | 0.00% |
| Bank Of America Corp /De/ | 1,190,378 | 2.54% | $136.92M | −141,923 | 0.01% |
| FMR LLC | 1,131,136 | 2.42% | $130.10M | +37,797 | 0.01% |
| UBS Group AG | 1,026,002 | 2.19% | $118.01M | −72,060 | 0.02% |
| Geode Capital Management, LLC | 769,071 | 1.64% | $88.48M | −49,257 | 0.00% |
| Goldman Sachs Group Inc | 624,532 | 1.33% | $71.83M | +272,081 | 0.01% |
| Quinn Opportunity Partners LLC | 555,664 | 1.19% | $63.91M | +58,302 | 2.96% |
| Morgan Stanley | 506,166 | 1.08% | $58.22M | −447,603 | 0.00% |
| Gilder Gagnon Howe & Co LLC | 502,344 | 1.07% | $57.78M | −6,206 | 0.60% |
| Whale Rock Capital Management LLC | 471,764 | 1.01% | $54.26M | – | 0.44% |
| Amundi | 471,288 | 1.01% | $54.21M | +22,220 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 434 | 40M | 85.3% | 123 / 145 | 123 / 57 | 6M | 5M |
| Q1 2026 | 372 | 39M | 82.6% | 59 / 167 | 112 / 157 | 16M | 12M |
| Q4 2025 | 475 | 38M | 81.8% | 94 / 151 | 190 / 155 | 7M | 8M |
| Q3 2025 | 545 | 39M | 84.2% | 90 / 226 | 180 / 124 | 8M | 7M |
| Q2 2025 | 585 | 39M | 82.5% | 167 / 237 | 135 / 49 | 8M | 6M |
| Q1 2025 | 471 | 37M | 78.8% | 95 / 185 | 147 / 75 | 5M | 4M |
| Q4 2024 | 458 | 36M | 77.4% | 106 / 160 | 145 / 33 | 4M | 5M |
| Q3 2024 | 390 | 37M | 78.0% | 84 / 122 | 142 / 49 | 8M | 4M |
| Q2 2024 | 357 | 36M | 77.1% | 92 / 120 | 114 / 70 | 7M | 6M |
| Q1 2024 | 337 | 35M | 74.4% | 68 / 123 | 119 / 47 | 4M | 3M |
| Q4 2023 | 319 | 33M | 71.2% | 99 / 111 | 86 / 20 | 5M | 4M |
| Q3 2023 | 242 | 33M | 69.8% | 50 / 85 | 81 / 42 | 3M | 3M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of DUOL | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Mid-Cap ETF | 1,375,730 | 2.94% | $158.24M | 0.13% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 1,212,120 | 2.59% | $139.42M | 0.01% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 876,921 | 1.87% | $100.86M | 0.05% | Jun 30, 2026 |
| Vanguard U.S. Growth Fund | 864,731 | 1.85% | $96.30M | 0.20% | May 31, 2026 |
| Federated Hermes MDT Mid Cap Growth Fund | 685,644 | 1.47% | $92.43M | 1.40% | Jul 31, 2026 |
| Vanguard Small-Cap Growth Index Fund | 506,368 | 1.08% | $58.24M | 0.12% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 461,664 | 0.99% | $53.10M | 0.05% | Jun 30, 2026 |
| Fidelity Mid-Cap Stock Fund | 251,084 | 0.54% | $33.85M | 0.38% | Jul 31, 2026 |
| AQR Long-Short Equity Fund | 211,379 | 0.45% | $24.31M | 0.31% | Jun 30, 2026 |
| Fidelity Extended Market Index Fund | 207,358 | 0.44% | $23.09M | 0.05% | May 31, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 400(TM) Mid Cap ETF | 203,652 | 0.44% | $23.42M | 0.13% | Jun 30, 2026 |
| Federated Hermes MDT Market Neutral Fund | 194,125 | 0.41% | $22.33M | 0.95% | Jun 30, 2026 |
| Fidelity OTC Portfolio | 184,400 | 0.39% | $24.86M | 0.06% | Jul 31, 2026 |
| VIP Contrafund Portfolio | 168,900 | 0.36% | $19.43M | 0.06% | Jun 30, 2026 |
| iShares S&P Mid-Cap 400 Growth ETF | 166,616 | 0.36% | $19.16M | 0.17% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Ahn Luis von | President & CEO, Co-Founder, Director, 10% owner | 3,461,484 | 7.40% | Sep 28, 2026 |
| Severin Hacker | Chief Tech Officer, Co-Founder, Director, 10% owner | 3,074,182 | 6.57% | May 29, 2026 |
| Stephen C. Chen | General Counsel | 43,769 | 0.09% | Sep 15, 2026 |
| Robert Meese | Chief Business Officer | 171,191 | 0.37% | Aug 19, 2026 |
| Natalie Glance | Chief Engineering Officer | 170,278 | 0.36% | Aug 19, 2026 |
| Gillian Munson | Chief Financial Officer | 137,662 | 0.29% | Mar 27, 2026 |
| Matthew Skaruppa | Chief Financial Officer | 33,991 | 0.07% | Feb 20, 2026 |
| William B. Gordon | Director | 68,515 | 0.15% | Sep 10, 2026 |
| Sallie Krawcheck | Director | 1,312 | 0.00% | Aug 12, 2026 |
| Mario Schlosser | Director | 6,004 | 0.01% | Jul 14, 2026 |
| III John Osborne Lilly | Director | 9,023 | 0.02% | Jul 14, 2026 |
| Amy Bohutinsky | Director | 7,658 | 0.02% | Jul 14, 2026 |
| James H. Shelton | Director | 11,753 | 0.03% | Jul 14, 2026 |
| Sara Clemens | Director | 5,955 | 0.01% | Jun 5, 2026 |
| Bonnie Ross | Director | 4,310 | 0.01% | Jun 5, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Ahn Luis von President & CEO, Co-Founder, Director, 10% owner | Sep 24, 2026 | Conversion | +46,682 | $38.08 | $1.78M | 46,682 |
| Ahn Luis von President & CEO, Co-Founder, Director, 10% owner | Sep 24, 2026 | Sale(10b5-1 plan) | −38,758 | $150.45 | $5.83M | 7,924 |
| Ahn Luis von President & CEO, Co-Founder, Director, 10% owner | Sep 24, 2026 | Sale(10b5-1 plan) | −7,024 | $151.42 | $1.06M | 900 |
| Ahn Luis von President & CEO, Co-Founder, Director, 10% owner | Sep 24, 2026 | Sale(10b5-1 plan) | −900 | $152.29 | $137.06K | 0 |
| Ahn Luis von President & CEO, Co-Founder, Director, 10% owner | Sep 22, 2026 | Conversion | +3,614 | $38.08 | $137.62K | 3,614 |
| Ahn Luis von President & CEO, Co-Founder, Director, 10% owner | Sep 22, 2026 | Sale(10b5-1 plan) | −200 | $150.00 | $30.00K | 3,414 |
| Ahn Luis von President & CEO, Co-Founder, Director, 10% owner | Sep 22, 2026 | Sale(10b5-1 plan) | −3,414 | $152.02 | $519.00K | 0 |
| Ahn Luis von President & CEO, Co-Founder, Director, 10% owner | Sep 21, 2026 | Conversion | +27,960 | $14.42 | $403.18K | 27,960 |
| Ahn Luis von President & CEO, Co-Founder, Director, 10% owner | Sep 21, 2026 | Conversion | +9,406 | $38.08 | $358.18K | 37,366 |
| Ahn Luis von President & CEO, Co-Founder, Director, 10% owner | Sep 21, 2026 | Sale(10b5-1 plan) | −33,257 | $150.46 | $5.00M | 4,109 |
| Ahn Luis von President & CEO, Co-Founder, Director, 10% owner | Sep 21, 2026 | Sale(10b5-1 plan) | −4,109 | $151.07 | $620.75K | 0 |
| Ahn Luis von President & CEO, Co-Founder, Director, 10% owner | Sep 16, 2026 | Sale(10b5-1 plan) | −1,020 | $151.54 | $154.57K | 0 |
| Ahn Luis von President & CEO, Co-Founder, Director, 10% owner | Sep 16, 2026 | Conversion | +23,040 | $14.42 | $332.24K | 23,040 |
| Ahn Luis von President & CEO, Co-Founder, Director, 10% owner | Sep 16, 2026 | Conversion | +5,252 | $38.08 | $200.00K | 28,292 |
| Ahn Luis von President & CEO, Co-Founder, Director, 10% owner | Sep 16, 2026 | Sale(10b5-1 plan) | −27,272 | $150.17 | $4.10M | 1,020 |
| Stephen C. Chen General Counsel | Sep 14, 2026 | Sale(10b5-1 plan) | −5,965 | $150.00 | $894.75K | 43,769 |
| Stephen C. Chen General Counsel | Sep 14, 2026 | Sale(10b5-1 plan) | −2,107 | $147.43 | $310.64K | 49,734 |
| William B. Gordon Director | Sep 8, 2026 | Sale(10b5-1 plan) | −200 | $148.68 | $29.74K | 68,515 |
| William B. Gordon Director | Sep 8, 2026 | Sale(10b5-1 plan) | −800 | $143.83 | $115.06K | 77,615 |
| William B. Gordon Director | Sep 8, 2026 | Sale(10b5-1 plan) | −2,742 | $144.59 | $396.47K | 74,873 |
| William B. Gordon Director | Sep 8, 2026 | Sale(10b5-1 plan) | −3,483 | $145.91 | $508.20K | 71,390 |
| William B. Gordon Director | Sep 8, 2026 | Sale(10b5-1 plan) | −2,675 | $146.58 | $392.10K | 68,715 |
| William B. Gordon Director | Sep 8, 2026 | Sale(10b5-1 plan) | −100 | $151.64 | $15.16K | 68,415 |
| Natalie Glance Chief Engineering Officer | Aug 18, 2026 | Sale(10b5-1 plan) | −502 | $137.01 | $68.78K | 170,148 |
| Natalie Glance Chief Engineering Officer | Aug 18, 2026 | Sale(10b5-1 plan) | −1,037 | $138.19 | $143.30K | 169,111 |
| Natalie Glance Chief Engineering Officer | Aug 17, 2026 | Sale(10b5-1 plan) | −2,751 | $129.13 | $355.24K | 170,650 |
| Robert Meese Chief Business Officer | Aug 17, 2026 | Sale | −1,354 | $129.13 | $174.84K | 169,391 |
| Stephen C. Chen General Counsel | Aug 17, 2026 | Sale | −1,024 | $129.13 | $132.23K | 51,841 |
| Sallie Krawcheck Director | Aug 10, 2026 | Award | +1,312 | – | – | 1,312 |
| Sallie Krawcheck Director | Aug 10, 2026 | Award | +3,280 | – | – | 4,592 |
| James H. Shelton Director | Jul 10, 2026 | Award | +120 | $124.76 | $14.97K | 11,753 |
| Mario Schlosser Director | Jul 10, 2026 | Award | +140 | $124.76 | $17.47K | 4,262 |
| Amy Bohutinsky Director | Jul 10, 2026 | Award | +130 | $124.76 | $16.22K | 7,658 |
| III John Osborne Lilly Director | Jul 10, 2026 | Award | +118 | $124.76 | $14.72K | 9,023 |
| Stephen C. Chen General Counsel | Jun 17, 2026 | Option exercise | +58 | $14.42 | $836 | 52,865 |
| III John Osborne Lilly Director | Jun 3, 2026 | Award | +2,001 | – | – | 8,905 |
| James H. Shelton Director | Jun 3, 2026 | Award | +2,001 | – | – | 11,633 |
| Sara Clemens Director | Jun 3, 2026 | Award | +2,001 | – | – | 5,955 |
| Amy Bohutinsky Director | Jun 3, 2026 | Award | +2,001 | – | – | 7,528 |
| Bonnie Ross Director | Jun 3, 2026 | Award | +2,001 | – | – | 3,345 |
| William B. Gordon Director | Jun 3, 2026 | Award | +2,001 | – | – | 78,415 |
| Mario Schlosser Director | Jun 3, 2026 | Award | +2,001 | – | – | 4,122 |
| Natalie Glance Chief Engineering Officer | May 18, 2026 | Sale(10b5-1 plan) | −1,300 | $114.19 | $148.45K | 173,401 |
| Natalie Glance Chief Engineering Officer | May 18, 2026 | Sale(10b5-1 plan) | −2,060 | $113.21 | $233.21K | 174,701 |
| Stephen C. Chen General Counsel | May 18, 2026 | Sale(10b5-1 plan) | −700 | $114.22 | $79.95K | 52,807 |
| Stephen C. Chen General Counsel | May 18, 2026 | Sale(10b5-1 plan) | −1,277 | $113.27 | $144.65K | 53,507 |
| Robert Meese Chief Business Officer | May 15, 2026 | Sale | −1,420 | $112.16 | $159.27K | 170,745 |
| Robert Meese Chief Business Officer | May 15, 2026 | Award | +19,529 | $112.06 | $2.19M | 172,165 |
| Natalie Glance Chief Engineering Officer | May 15, 2026 | Award | +39,058 | $112.06 | $4.38M | 178,690 |
| Natalie Glance Chief Engineering Officer | May 15, 2026 | Sale(10b5-1 plan) | −1,929 | $112.16 | $216.36K | 176,761 |
| Stephen C. Chen General Counsel | May 15, 2026 | Award | +24,411 | $112.06 | $2.74M | 55,604 |
| Stephen C. Chen General Counsel | May 15, 2026 | Sale(10b5-1 plan) | −820 | $112.16 | $91.97K | 54,784 |
| Stephen C. Chen General Counsel | May 12, 2026 | Option exercise | +648 | $14.42 | $9.34K | 31,193 |
| Ahn Luis von President & CEO, Co-Founder, Director, 10% owner | May 11, 2026 | Gift | −50,000 | – | – | 0 |
| Ahn Luis von President & CEO, Co-Founder, Director, 10% owner | May 11, 2026 | Conversion | +50,000 | – | – | 50,000 |
| Gillian Munson Chief Financial Officer | Mar 25, 2026 | Award | +133,753 | – | – | 137,662 |
| Robert Meese Chief Business Officer | Mar 13, 2026 | Option exercise | +5,625 | $14.42 | $81.11K | 132,636 |
| Robert Meese Chief Business Officer | Mar 13, 2026 | Option exercise | +4,375 | $8.15 | $35.66K | 127,011 |
| Robert Meese Chief Business Officer | Mar 13, 2026 | Option exercise | +20,000 | $22.91 | $458.20K | 152,636 |
| James H. Shelton Director | Mar 3, 2026 | Buy | +5,000 | $99.76 | $498.80K | 9,632 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Von Ahn Arellano Luis Director, Officer, 10% Stockholder | Oct 7, 2026 | 110,046 | $16.30M | Oct 7, 2026 | Exercise of Stock Options |
| Von Ahn Arellano Luis Director, Officer, 10% Stockholder | Sep 24, 2026 | 46,682 | $6.81M | Sep 24, 2026 | Exercise of Stock Options |
| Von Ahn Arellano Luis Director, Officer, 10% Stockholder | Sep 22, 2026 | 3,614 | $540.00K | Sep 22, 2026 | Exercise of Stock Options |
| Von Ahn Arellano Luis Director, Officer, 10% Stockholder | Sep 21, 2026 | 37,366 | $5.30M | Sep 21, 2026 | Exercise of Stock Options |
| Von Ahn Foundation Luis Director, Officer, 10% Stockholder | Sep 21, 2026 | 34,992 | $4.97M | Sep 21, 2026 | Founders Shares |
| Von Ahn Foundation Luis Director, Officer, 10% Stockholder | Sep 16, 2026 | 19,008 | $2.93M | Sep 16, 2026 | Founders Shares |
| Von Ahn Arellano Luis Director, Officer, 10% Stockholder | Sep 16, 2026 | 28,292 | $4.35M | Sep 16, 2026 | Exercise of Stock Options |
| Chen Stephen Officer | Sep 14, 2026 | 8,072 | $1.16M | Sep 14, 2026 | Restricted Stock Units |
| B. Gordon William Director | Sep 8, 2026 | 20,000 | $3.09M | Sep 8, 2026 | Pro Rata Distributions in Kind |
| Glance Natalie Officer | Aug 18, 2026 | 1,539 | $200.32K | Aug 18, 2026 | Restricted Stock Units |
| Meese Robert Officer | Aug 17, 2026 | 1,354 | $174.84K | Aug 17, 2026 | Restricted Stock |
| Glance Natalie Officer | Aug 17, 2026 | 2,751 | $355.24K | Aug 17, 2026 | Restricted Stock |
| Chen Stephen Officer | Aug 17, 2026 | 1,024 | $132.23K | Aug 17, 2026 | Restricted Stock |
| Chen Stephen Officer | May 18, 2026 | 1,977 | $221.54K | May 18, 2026 | Restricted Stock Units |
| Glance Natalie Officer | May 18, 2026 | 3,360 | $376.52K | May 18, 2026 | Restricted Stock Units |