(DUOL) Duolingo - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US26603R1068

Language Courses, Proficiency Exam, Mobile App, Subscription

EPS (Earnings per Share)

EPS (Earnings per Share) of DUOL over the last years for every Quarter: "2020-12": -1.043, "2021-03": -1.04, "2021-06": -0.29, "2021-09": -0.98, "2021-12": -0.46, "2022-03": -0.31, "2022-06": -0.38, "2022-09": -0.46, "2022-12": -0.35, "2023-03": -0.06, "2023-06": 0.08, "2023-09": 0.06, "2023-12": 0.26, "2024-03": 0.57, "2024-06": 0.51, "2024-09": 0.49, "2024-12": 0.509, "2025-03": 1.2618, "2025-06": 0.91, "2025-09": 5.95, "2025-12": 0,

Revenue

Revenue of DUOL over the last years for every Quarter: 2020-12: 48.268, 2021-03: 55.36, 2021-06: 58.803, 2021-09: 63.595, 2021-12: 73.014, 2022-03: 81.22, 2022-06: 88.386, 2022-09: 96.065, 2022-12: 103.824, 2023-03: 115.661, 2023-06: 126.839, 2023-09: 137.624, 2023-12: 150.985, 2024-03: 167.553, 2024-06: 178.327, 2024-09: 192.594, 2024-12: 209.55, 2025-03: 230.743, 2025-06: 252.265, 2025-09: 271.713, 2025-12: null,

Dividends

Currently no dividends paid
Risk via 5d forecast
Volatility 63.4%
Value at Risk 5%th 92.0%
Relative Tail Risk -11.87%
Reward TTM
Sharpe Ratio -0.92
Alpha -79.47
CAGR/Max DD 0.27
Character TTM
Hurst Exponent 0.682
Beta 1.439
Beta Downside 1.651
Drawdowns 3y
Max DD 72.85%
Mean DD 18.41%
Median DD 12.76%

Description: DUOL Duolingo January 02, 2026

Duolingo Inc. (NASDAQ: DUOL) runs a globally-available mobile language-learning platform, delivering courses in roughly 40 languages-including Spanish, English, French, German, Italian, Portuguese, Japanese and Chinese-through its flagship app and a digital English proficiency exam. The company, incorporated in 2011 and headquartered in Pittsburgh, Pennsylvania, serves users in the United States, United Kingdom and a broader international market.

Key performance indicators that have emerged in recent filings (Q4 2023) include ≈  90 million monthly active users (MAU), a ≈  30 % year-over-year revenue growth driven primarily by the paid “Super Duolingo” subscription, and an average revenue per user (ARPU) of about $1.20 per month. The EdTech sector’s expansion is being accelerated by continued remote-learning adoption and AI-enhanced personalization, which together lift the addressable market for language-learning apps and create pricing power for subscription-based models.

For a deeper, data-rich valuation framework-including forward-looking cash-flow scenarios and peer-adjusted multiples-explore the analyst tools on ValueRay, which can help you quantify the upside and downside risks more precisely.

Piotroski VR‑10 (Strict, 0-10) 5.5

Net Income: 386.0m TTM > 0 and > 6% of Revenue
FCF/TA: 0.19 > 0.02 and ΔFCF/TA 8.75 > 1.0
NWC/Revenue: 91.53% < 20% (prev 103.9%; Δ -12.37% < -1%)
CFO/TA 0.19 > 3% & CFO 363.9m > Net Income 386.0m
Net Debt (-914.2m) to EBITDA (131.5m): -6.95 < 3
Current Ratio: 2.82 > 1.5 & < 3
Outstanding Shares: last quarter (49.8m) vs 12m ago 0.40% < -2%
Gross Margin: 71.99% > 18% (prev 0.73%; Δ 7126 % > 0.5%)
Asset Turnover: 46.32% > 50% (prev 30.27%; Δ 16.05% > 0%)
Interest Coverage Ratio: -3.56 > 6 (EBITDA TTM 131.5m / Interest Expense TTM -33.0m)

Altman Z'' (< 1.1 .. > 2.6) 4.32

A: 0.47 (Total Current Assets 1.37b - Total Current Liabilities 484.5m) / Total Assets 1.89b
B: 0.13 (Retained Earnings 246.3m / Total Assets 1.89b)
C: 0.06 (EBIT TTM 117.3m / Avg Total Assets 2.08b)
D: 0.43 (Book Value of Equity 246.3m / Total Liabilities 578.1m)
Altman-Z'' Score: 4.32 = AA

ValueRay F-Score (Strict, 0-100) 78.48

1. Piotroski: 5.50pt
2. FCF Yield: 5.98%
3. FCF Margin: 36.72%
4. Debt/Equity: 0.07
5. Debt/Ebitda: -6.95
6. ROIC - WACC: -0.92%
7. RoE: 38.57%
8. Revenue Trend: 99.84%
9. EPS Trend: 73.02%

What is the price of DUOL shares?

As of January 22, 2026, the stock is trading at USD 146.81 with a total of 2,649,563 shares traded.
Over the past week, the price has changed by -6.05%, over one month by -20.80%, over three months by -53.78% and over the past year by -56.47%.

Is DUOL a buy, sell or hold?

Duolingo has received a consensus analysts rating of 3.87. Therefore, it is recommended to buy DUOL.
  • Strong Buy: 6
  • Buy: 8
  • Hold: 9
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the DUOL price?

Issuer Target Up/Down from current
Wallstreet Target Price 263.3 79.3%
Analysts Target Price 263.3 79.3%
ValueRay Target Price 135.8 -7.5%

DUOL Fundamental Data Overview January 18, 2026

P/E Trailing = 18.9118
P/E Forward = 26.2467
P/S = 7.1987
P/B = 5.3088
Revenue TTM = 964.3m USD
EBIT TTM = 117.3m USD
EBITDA TTM = 131.5m USD
Long Term Debt = 93.3m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 4.07m USD (from shortTermDebt, last quarter)
Debt = 97.3m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -914.2m USD (from netDebt column, last quarter)
Enterprise Value = 5.92b USD (6.94b + Debt 97.3m - CCE 1.12b)
Interest Coverage Ratio = -3.56 (Ebit TTM 117.3m / Interest Expense TTM -33.0m)
EV/FCF = 16.71x (Enterprise Value 5.92b / FCF TTM 354.1m)
FCF Yield = 5.98% (FCF TTM 354.1m / Enterprise Value 5.92b)
FCF Margin = 36.72% (FCF TTM 354.1m / Revenue TTM 964.3m)
Net Margin = 40.03% (Net Income TTM 386.0m / Revenue TTM 964.3m)
Gross Margin = 71.99% ((Revenue TTM 964.3m - Cost of Revenue TTM 270.1m) / Revenue TTM)
Gross Margin QoQ = 72.47% (prev 72.38%)
Tobins Q-Ratio = 3.14 (Enterprise Value 5.92b / Total Assets 1.89b)
Interest Expense / Debt = 0.19% (Interest Expense 182.0k / Debt 97.3m)
Taxrate = 13.42% (13.7m / 102.3m)
NOPAT = 101.5m (EBIT 117.3m * (1 - 13.42%))
Current Ratio = 2.82 (Total Current Assets 1.37b / Total Current Liabilities 484.5m)
Debt / Equity = 0.07 (Debt 97.3m / totalStockholderEquity, last quarter 1.31b)
Debt / EBITDA = -6.95 (Net Debt -914.2m / EBITDA 131.5m)
Debt / FCF = -2.58 (Net Debt -914.2m / FCF TTM 354.1m)
Total Stockholder Equity = 1.00b (last 4 quarters mean from totalStockholderEquity)
RoA = 18.54% (Net Income 386.0m / Total Assets 1.89b)
RoE = 38.57% (Net Income TTM 386.0m / Total Stockholder Equity 1.00b)
RoCE = 10.72% (EBIT 117.3m / Capital Employed (Equity 1.00b + L.T.Debt 93.3m))
RoIC = 10.15% (NOPAT 101.5m / Invested Capital 1.00b)
WACC = 11.07% (E(6.94b)/V(7.04b) * Re(11.22%) + D(97.3m)/V(7.04b) * Rd(0.19%) * (1-Tc(0.13)))
Discount Rate = 11.22% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 81.65 | Cagr: 9.78%
[DCF Debug] Terminal Value 71.96% ; FCFF base≈303.9m ; Y1≈374.8m ; Y5≈638.4m
Fair Price DCF = 188.1 (EV 6.61b - Net Debt -914.2m = Equity 7.53b / Shares 40.0m; r=11.07% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 73.02 | EPS CAGR: 29.21% | SUE: -0.47 | # QB: 0
Revenue Correlation: 99.84 | Revenue CAGR: 41.97% | SUE: 3.36 | # QB: 7
EPS next Quarter (2026-03-31): EPS=1.81 | Chg30d=-0.075 | Revisions Net=+1 | Analysts=2
EPS next Year (2026-12-31): EPS=7.93 | Chg30d=+0.000 | Revisions Net=+1 | Growth EPS=-33.3% | Growth Revenue=+22.7%

Additional Sources for DUOL Stock

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Fund Manager Positions: Dataroma | Stockcircle