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 15/3030% above fair value

$165.31+7.89 (+5.01%)

Close on Nov 13, 2026Market cap $7.73BP/E 55.5Yield –

Duolingo statistics

93 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings: Feb 25, 2027 (estimated, after the close)
Last ex-dividend date: No dividends
Fundamentals through: Sep 30, 2026
Share price as of: Nov 13, 2026

Valuation ratiosIndustry

Market Cap: $7.73B; $792.38M
Enterprise Value: $6.49B; $779.89M
PE Ratio: 55.47; 25.88
PS Ratio: 6.54; 2.33
PB Ratio: 5.22; 2.73
P/TBV Ratio: 5.47; 4.73
P/FCF Ratio: 19.00; 15.38
P/OCF Ratio: 17.75; 12.99

Enterprise valuationIndustry

EV / Sales: 5.49; 2.10
EV / EBITDA: 39.93; 16.18
EV / EBIT: 44.45; 21.00
EV / FCF: 15.96; 15.48

Share statisticsIndustry

Shares Outstanding: 47M; 59M
Shares Change (YoY): 1.76%; 1.88%
Float: 39M; 53M
Shares Held by Insiders: 15.9%; 13.1%
Shares Held by Institutions: 85.3%; 62.6%

Short sellingIndustry

Short Interest: 7M; –
Short Interest Change: 0.63%; -3.30%
Short % of Float: 18.2%; 5.82%
Short % of Shares Outstanding: 15.3%; 4.22%
Days to Cover: 8.82; 3.54

Stock price statisticsIndustry

52-Week High: $213.37; –
52-Week Low: $87.89; –
20-Day Moving Average: $146.31; –
50-Day Moving Average: $146.17; –
200-Day Moving Average: $124.14; –
Average True Range (14): $10.06; –
Price Change (1 Week): 3.05%; 0.50%
Price Change (1 Month): 11.0%; -1.81%
Price Change (3 Months): 27.0%; -4.67%
Price Change (6 Months): 47.5%; 0.47%
Price Change (YTD): -5.81%; -13.6%
Price Change (1 Year): -11.4%; -13.9%
Price Change (3 Years): -24.6%; -16.1%
Price Change (5 Years): 6.64%; -57.0%
Average Volume (10 Days): 2M; –
Average Volume (20 Days): 2M; –
Average Volume (90 Days): 1M; –
Relative Volume: 0.84; 0.64
Relative Strength Index (14): 60.8; 47.4
Volatility (1 Year): 63.4%; 65.4%
Beta (5 Years): 1.28; 1.19

MarginsIndustry

Gross Margin: 72.8%; 55.6%
Operating Margin: 12.4%; -2.03%
Pretax Margin: 16.2%; -0.85%
Profit Margin: 12.3%; -2.58%
EBITDA Margin: 13.8%; 0.72%
FCF Margin: 34.4%; 9.88%

Returns on capitalIndustry

Return on Equity (ROE): 10.5%; 1.34%
Return on Assets (ROA): 7.19%; -3.24%
Return on Invested Capital (ROIC): 41.7%; -0.09%
Return on Capital Employed (ROCE): 9.33%; -0.55%

Financial positionIndustry

Current Ratio: 2.75; 1.37
Quick Ratio: 2.30; 0.94

GrowthIndustry

Revenue Growth (YoY): 22.6%; 9.45%
Net Income Growth (YoY): -62.2%; 9.41%
EPS Growth (YoY): -62.2%; 12.3%
FCF Growth (YoY): 14.8%; 14.3%
Revenue Growth (3Y CAGR): 41.1%; 7.44%
Revenue Growth (5Y CAGR): 45.0%; 12.3%

EfficiencyIndustry

Asset Turnover: 0.58; 0.64
Revenue Per Employee: $1.64M; $394.08K
Profits Per Employee: $202.41K; -$7.02K
Employee Count: 720; 525
WACC: 11.5%; 10.3%

Income statement (TTM)Industry

Revenue: $1.18B; $257.79M
Gross Profit: $860.84M; $158.22M
Operating Income: $146.12M; -$638.82K
Pretax Income: $190.99M; -$315.88K
Net Income: $145.74M; -$309.55K
EBITDA: $162.65M; -$78.29K
EPS (Diluted): $2.98; $0.00

Balance sheetIndustry

Cash & Short-Term Investments: $1.24B; $41.99M
Net Cash (Debt): $1.24B; $1.76M
Net Cash Per Share: $26.50; $0.12
Equity (Book Value): $1.48B; $51.00M
Book Value Per Share: $31.67; $1.98
Tangible Book Value: $1.42B; $2.87M
Working Capital: $1.05B; $16.25M

Cash flow (TTM)Industry

Operating Cash Flow: $435.75M; $5.65M
Capital Expenditures: -$28.73M; -$5.67M
Free Cash Flow: $407.03M; $35.58M
FCF Per Share: $8.70; $0.53

Dividends and yieldsIndustry

Earnings Yield: 1.88%; 0.37%
FCF Yield: 5.26%; 4.39%

Taxes and interestIndustry

Income Tax: $45.25M; $1.63M
Effective Tax Rate: 23.7%; 22.4%

Scores and fair valueIndustry

Graham Number: $46.08; $16.88
Graham Upside: -72.1%; -55.0%
Altman Z-Score: 8.38; 1.96
Piotroski F-Score: 5; 5
Beneish M-Score: -1.70; -2.82

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.

Period	DUOL	S&P 500	Difference	DUOL per year	S&P 500 per year
1 month	+18.0%	-3.0%	+21.0 pts
3 months	+14.7%	-2.8%	+17.5 pts
Year to date	-5.8%	+11.5%	−17.3 pts
1 year	-11.4%	+13.5%	−24.8 pts
3 years	-22.5%	+77.7%	−100.2 pts	-8.1%	+21.1%
5 years	+6.6%	+72.6%	−66.0 pts	+1.3%	+11.5%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

7M DUOL shares were sold short on Oct 30, 2026, up 0.6% from the previous report, or 18.17% of the shares available to trade. At recent volumes it would take 8.8 days to buy them back. Over the last 20 sessions, 55.2% of the volume reported to FINRA was short selling.

Settlement date	Shares short	Change	Avg. daily volume	Days to cover
Oct 30, 2026	7,147,962	+0.6%	810,792	8.8
Oct 15, 2026	7,103,345	-0.7%	839,112	8.5
Sep 30, 2026	7,152,857	+8.8%	1,064,073	6.7
Sep 15, 2026	6,573,989	-13.2%	1,323,285	5.0
Aug 31, 2026	7,573,914	+6.8%	1,058,025	7.2
Aug 14, 2026	7,091,179	-2.4%	1,574,832	4.5
Jul 31, 2026	7,263,743	-3.1%	1,004,121	7.2
Jul 15, 2026	7,494,489	+0.7%	982,814	7.6
Jun 30, 2026	7,440,425	-6.0%	1,637,652	4.5
Jun 15, 2026	7,912,936	+3.9%	1,579,947	5.0
May 29, 2026	7,615,582	-2.2%	1,197,098	6.4
May 15, 2026	7,784,364	+2.4%	2,453,941	3.2