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    Duolingo Inc (DUOL)

    Official site

    TECHNOLOGY • SOFTWARE - APPLICATION • NASDAQ

    $148.93
    +9.20 (+6.58%)

    Market Cap: $6.54B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    90%(19/21)
    Avg Surprise
    +51.82%
    Streak
    6 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$1.58
    Range$1.53 - $1.63
    4 analysts
    EPS Revisions
    1
    0
    7d
    3
    0
    30d
    EPS Estimate DriftChange to current
    90d ago$1.54+2.9%
    60d ago$1.54+3.0%
    30d ago$1.58+0.0%
    7d ago$1.58+0.0%
    Current$1.58
    Revenue Consensus
    $303M
    Range$302M - $307M
    19 analysts
    Period ending Dec 31, 2026
    EPS Consensus$1.77
    Range$1.60 - $2.09
    7 analysts
    Revenue Consensus
    $320M
    Range$316M - $324M
    22 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    -$1.77---
    Sep 26EST
    -$1.58---
    Jun 26
    Reported Aug 5
    $0.66$0.61+8.20%Beat-27.5%
    Mar 26
    Reported May 4
    $0.89$0.77+16.34%Beat+23.6%
    Dec 25
    Reported Feb 26
    $0.94$0.79+18.99%Beat+203.2%
    Sep 25
    Reported Nov 5
    $0.95$0.72+31.94%Beat+102.1%
    Jun 25
    Reported Aug 6
    $0.91$0.58+56.90%Beat+78.4%
    Mar 25
    Reported May 1
    $0.72$0.27+166.67%Beat+26.3%
    Dec 24
    Reported Feb 27
    $0.31$0.48-35.34%Miss+24.0%
    Sep 24
    Reported Nov 6
    $0.47$0.35+34.29%Beat+686.0%
    Jun 24
    Reported Aug 7
    $0.51$0.32+59.38%Beat+541.5%
    Mar 24
    Reported May 8
    $0.57$0.27+111.11%Beat+996.2%
    Dec 23
    Reported Feb 28
    $0.25$0.17+47.06%Beat+171.4%
    Sep 23
    Reported Nov 8
    $0.06$-0.11+154.36%Beat+113.0%
    Jun 23
    Reported Aug 8
    $0.08N/A+141.84%Beat+120.9%
    Mar 23
    Reported May 9
    $-0.06N/A+72.35%Beat+79.5%
    Dec 22
    Reported Feb 28
    $-0.35$-0.53+33.96%Beat+23.9%
    Sep 22
    Reported Nov 10
    $-0.46$-0.55+16.36%Beat+53.1%
    Jun 22
    Reported Aug 4
    $-0.38$-0.52+26.92%Beat-7655.1%
    Mar 22
    Reported May 12
    $-0.31$-0.57+45.61%Beat+70.2%
    Dec 21
    Reported Mar 3
    $-0.46$-0.68+32.35%Beat+55.9%
    Sep 21
    Reported Nov 10
    $-0.98$-0.96-2.08%Miss-1007.3%
    Jun 21
    Reported Jul 28
    $-0.00N/A+51.00%Beat-1325.0%
    Mar 21
    Reported Jun 2
    $-1.04$0.00N/AMiss-1572.0%
    Dec 20
    Reported Mar 31
    $-1.04$0.00N/AMiss-479.4%
    Sep 20
    Reported Sep 30
    $-0.09N/AN/ABeat-
    Jun 20
    Reported Jun 30
    $0.00N/AN/ABeat-
    Mar 20
    Reported Jun 29
    $-0.06N/AN/ABeat-
    Dec 19
    Reported Mar 30
    $-0.18$0.00N/AMiss-

    Key Metrics

    Valuation
    P/E Ratio43.29EV/EBITDA34.21x
    Price/FCF17.32xFCF Yield5.77%
    Profitability
    Profit Margin35.90%Operating Margin11.70%
    ROE34.40%ROICN/A
    Financial Health
    Debt/Equity0.00xInterest CoverageN/A
    Current Ratio2.72xQuick Ratio2.72x
    Trading Statistics
    Beta1.05Avg Volume967.39K
    52-Week High$334.2952-Week Low$87.89

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$146.89
    SMA 20$145.55
    SMA 50$144.69
    SMA 200$125.77
    EMA 10$145.89
    EMA 20$145.95
    EMA 50$143.02
    EMA 200$153.41

    MACD

    Line: 0.25Signal: 0.58Hist: -0.33

    ADX

    ADX: 12.6+DI: 26.8-DI: 24.4

    Aroon & PSAR

    Aroon Up12.0
    Aroon Down48.0
    PSAR$150.30

    Bollinger Bands

    Upper Band$154.35
    Lower Band$136.75
    %B Position1210%(Upper)
    Band Width0.69

    RSI (14-Day)

    Neutral
    53.3

    Momentum Oscillators

    Stoch %K46.5
    Stoch %D50.8
    Williams %R-23.3
    ROC (10d)1.6%
    Momentum2.36
    CCI (20d)9.1
    MFI (14d)57.3

    Volatility Measures

    ATR (14d)$6.62(4.4%)
    StdDev (20d)4.40
    Hist Vol54.8%(High)

    Volume Flow

    VWAP$145.88
    OBV-60.0M
    AD Line4.0M
    CMF (20d)-0.038

    Volume Metrics

    Avg Vol (20d)969.1K
    Vol Ratio1.6x(High)
    VWMA (20d)$145.10

    Pivot Points

    R3$148.31
    R2$144.87
    R1$142.30
    Pivot Point$138.86
    S1$136.29
    S2$132.85
    S3$130.28

    Advanced Oscillators

    TSI0.93
    Ultimate Osc53.7
    KST-0.82

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$298.45M$291.97M$282.87M$271.71M$252.26M$230.74M$209.55M$192.59M$178.33M$167.55M$150.99M$137.62M
    Cost of Revenue$81.71M$78.87M$77.00M$74.80M$69.68M$66.65M$58.92M$52.18M$47.35M$45.19M$40.57M$36.25M
    Gross Profit$216.74M$213.10M$205.87M$196.91M$182.58M$164.10M$150.63M$140.41M$130.98M$122.36M$110.41M$101.37M
    Operating Expenses$182.79M$168.57M$162.41M$161.75M$149.22M$140.50M$136.74M$126.84M$112.28M$105.92M$105.62M$106.04M
    R&D$92.19M$82.97M$79.56M$82.71M$73.67M$70.39M$66.39M$62.88M$55.15M$50.88M$50.26M$50.30M
    SG&A$50.59M$46.35M$50.26M$43.96M$45.98M$43.45M$49.79M$38.39M$36.96M$35.11M$36.89M$33.40M
    Operating Income$33.95M$44.53M$43.45M$35.16M$33.36M$23.59M$13.88M$13.57M$18.70M$16.44M$4.79M$-4,670,000
    Interest Income$11.83M$11.81M$11.60M$11.79M$11.43M$10.41M$10.70M$11.25M$10.72M$10.03M$9.28M$8.63M
    Interest Expense$0$0$0$0$0$0$0$0$0$0$0$0
    Income Before Tax$45.37M$55.55M$54.50M$46.45M$46.45M$35.01M$22.35M$25.39M$28.71M$25.85M$15.13M$2.93M
    Income Tax Expense$12.21M$12.09M$12.55M$-245,746,000$1.67M$-125,000$8.45M$2.03M$4.36M$-1,105,000$3.02M$125,000
    Net Income$33.16M$43.46M$41.95M$292.19M$44.78M$35.13M$13.91M$23.36M$24.35M$26.96M$12.12M$2.81M
    EBITDA$37.46M$47.61M$46.32M$37.77M$38.00M$27.64M$14.78M$17.01M$20.24M$17.89M$7.89M$-4,036,000
    EBIT$33.53M$43.74M$42.91M$34.66M$35.02M$24.59M$11.65M$14.14M$17.99M$15.82M$5.85M$-5,693,000
    * Some calculated fields are derived from available data when not provided by source

    Related GNG Research

    Why I’ll Buy Duolingo Once the Tape Stops Bleeding

    Quality-sentiment divergence creates opportunity: Quality Score 90/100 vs Sentiment Score 1/100 represents extreme disconnect between business fundamentals and market pricing Cash generation is now material: $348M trailing FCF on $964M revenue equals 36% FCF margin with 72% gross margins...

    Glenn Ford
    •
    1/22/26
    •
    243
    growth-stocks, Software Stocks
    Also mentions:
    PCTYSRADMNDY

    Government Contracts

    Gov Obligations (TTM)
    $0
    Gov Obligations / Revenue
    0.0%
    Obligations YoY
    N/A
    Active Awards
    0
    New Awards (TTM)
    0
    Avg Remaining Term
    N/A

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    News

    DUOL Valuation and Fair Value

    P/E
    43.3x
    Forward P/E
    19.0x
    EV/EBITDA
    34.2x
    P/FCF
    17.3x
    P/B
    4.9x
    See GNG's fair value

    DUOL Profitability: Margins, ROIC and FCF

    Gross margin
    72.7%
    Operating margin
    11.7%
    Net margin
    35.9%
    ROE
    34.4%
    FCF margin
    35.1%
    FCF yield
    5.8%

    DUOL Analyst Ratings

    Consensus
    Hold
    Analysts
    24
    Strong Buy
    2
    Buy
    4
    Hold
    16
    Sell
    1
    Strong Sell
    1

    DUOL Bull Case vs Bear Case

    Bull case

    • DUOL converts 35.1% of revenue into free cash flow.
    • DUOL has a 35.9% net profit margin.
    • DUOL beat EPS estimates in 87.5% of its last 8 reported quarters.

    Bear case

    • DUOL trades at 43.3x trailing earnings.

    DUOL Earnings: Beat Rate and Next Report

    Beat rate
    7 of 8 quarters (87.5%)
    Average surprise
    37.2%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $1.58
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    3 up, 0 down

    Frequently Asked Questions About DUOL

    Does DUOL pay dividends?

    Duolingo Inc (DUOL) does not currently pay a regular dividend.

    What is DUOL's P/E ratio?

    Duolingo Inc has a price-to-earnings (P/E) ratio of 43.29.

    What is DUOL's market cap?

    Duolingo Inc (DUOL) has a market capitalization of $6.54B with a current stock price of $148.93.

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