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Duolingo, Inc. (DUOL) stock

DUOLNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 4, 2026Score 15/3028% above fair value
$157.42−6.70 (-4.08%)

Close on Nov 12, 2026Market cap $7.37BP/E 52.8Yield –

Duolingo, Inc. grew revenue 22.6% to $1.18B over the twelve months to Sep 30, 2026. Operating income rose 37.9% to $146.12M, moving the operating margin from 11.0% to 12.4%. Free cash flow was $407.03M, up 14.8% from a year earlier. At the latest close the market valued the company at $7.37B, 52.8 times its earnings.

Revenue
$1.18B
+22.6% vs. a year earlier
Operating income
$146.12M
+37.9% vs. a year earlier
Free cash flow
$407.03M
+14.8% vs. a year earlier
EPS, diluted
$2.98
-62.2% vs. a year earlier

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026

Valuation

Market cap
$7.37B
P/E ratio
52.8
Price to sales
6.23
Price to book
4.97
Dividend yield
–
Free cash flow yield
5.53%

Fundamentals

Revenue
$1.18B
Net income
$145.74M
EPS, diluted
$2.98
Free cash flow
$407.03M
Book value per share
$29.67
Diluted shares
50M

Trading

Next earnings
Feb 25, 2027 (estimated, after the close)
Previous close
$164.12
Open
$161.97
Day's range
$156.57 – $162.73
Volume
890,632
Average volume (20 days)
1,571,731
Index membership
S&P MidCap 400 (since May 2024), Russell 1000 (since Sep 2024), Russell 3000 (since Aug 2022)
Beta (5 years)
1.27
52-week range
$87.89 – $213.37
RSI (14 days)
56.6
Volatility (1 year)
63.4%
Relative volume
0.73×
WACC
11.2%

On 1 of our idea list: Most shorted (a warning list)

Index membership is inferred from the holdings of funds that track each index (IJH, SPMD, IWB, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2021, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.

PeriodDUOLS&P 500DifferenceDUOL per yearS&P 500 per year
1 month+6.6%-2.7%+9.2 pts
3 months+16.9%-1.7%+18.7 pts
Year to date-10.3%+11.9%−22.2 pts
1 year-15.6%+12.0%−27.6 pts
3 years-25.6%+78.2%−103.8 pts-9.4%+21.2%
5 years+1.5%+73.2%−71.7 pts+0.3%+11.6%

Seven years at a glance

Fiscal years 2019 to 2025 and trailing twelve months, USD

Revenue

$1.18B+22.6% YoY

Gross profit

$860.84M+24.0% YoY

Operating income

$146.12M+37.9% YoY

Net income

$145.74M-62.2% YoY

EPS, diluted

$2.98-62.2% YoY

Free cash flow

$407.03M+14.8% YoY
Reported periodTrailing twelve months

Press releases

Releases Duolingo filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Duolingo

Services-Prepackaged Software

Duolingo is a technology company that provides digital learning platforms and educational assessments. Its flagship mobile application offers gamified courses in languages, mathematics, music, and chess. The platform operates on a freemium model, providing free access supported by advertising, alongside paid premium subscriptions such as Super Duolingo and Duolingo Max, which deliver ad-free study and artificial intelligence tools. The company also provides the Duolingo English Test, an on-demand online language proficiency examination, as well as educational tools like Duolingo for Schools and Duolingo ABC. Its users include individual learners across diverse socioeconomic backgrounds, academic applicants, young children, and classroom educators.

Company profile, executives and history

Duolingo stock: common questions

What is Duolingo's stock price?

DUOL closed at $157.42 on Nov 12, 2026, down 4.08% on the day. Over the past 52 weeks it traded between $87.89 and $213.37.

What is Duolingo's market cap?

Duolingo was worth $7.37B at the close on Nov 12, 2026: the share price times the diluted shares outstanding.

What is DUOL's P/E ratio?

DUOL trades at 52.8 times earnings, based on diluted earnings per share of $2.98 over the twelve months to Sep 30, 2026.

How much revenue does Duolingo make?

Duolingo reported revenue of $1.18B for the twelve months to Sep 30, 2026, up 22.6% from a year earlier.

Does Duolingo pay a dividend?

No. Duolingo has not paid a cash dividend over the last twelve months.

When does Duolingo report earnings next?

Duolingo is expected to report Q4 FY2026 results on Feb 25, 2027, after the close. The date is estimated from its past reporting pattern until the company confirms it.

How has DUOL stock performed over the past year?

Including dividends, DUOL returned -15.6% over the past year, against +12.0% for the S&P 500.

How many DUOL shares are sold short?

7M shares were sold short at the latest FINRA report, 18.17% of the float, or 8.8 days of average trading volume.

Who are Duolingo's competitors?

Companies most similar to Duolingo by business, industry and size include COUR, GTLB, BSY, FIG, BOX.

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