(DUOL) Duolingo - Overview

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

Stock: Language Courses, Learning App, Assessment Exam

Total Rating 32
Risk 91
Buy Signal -0.68
Risk 5d forecast
Volatility 73.1%
Relative Tail Risk -12.8%
Reward TTM
Sharpe Ratio -1.23
Alpha -97.07
Character TTM
Beta 1.593
Beta Downside 1.277
Drawdowns 3y
Max DD 82.40%
CAGR/Max DD -0.09

EPS (Earnings per Share)

EPS (Earnings per Share) of DUOL over the last years for every Quarter: "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": 0.84,

Revenue

Revenue of DUOL over the last years for every Quarter: 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: 282.868,

Risks

Technicals: volatile

Description: DUOL Duolingo March 05, 2026

Duolingo Inc. (NASDAQ: DUOL) operates a mobile learning platform globally, offering language courses and a digital English proficiency exam. The companys primary business model is freemium, providing free access with premium subscription options.

The education services sector has seen significant growth in digital learning solutions. Duolingos offering includes over 40 languages, such as Spanish, English, and Chinese.

For further financial and operational insights, consider exploring ValueRay.

Headlines to watch out for

  • Subscription growth drives recurring revenue expansion
  • Advertising revenue fluctuates with user engagement
  • English proficiency test adoption boosts assessment income
  • New language course launches attract wider user base
  • Competition from free language apps impacts user acquisition

Piotroski VR‑10 (Strict, 0-10) 5.5

Net Income: 414.1m TTM > 0 and > 6% of Revenue
FCF/TA: 0.19 > 0.02 and ΔFCF/TA 7.91 > 1.0
NWC/Revenue: 85.34% < 20% (prev 90.82%; Δ -5.48% < -1%)
CFO/TA 0.19 > 3% & CFO 387.8m > Net Income 414.1m
Net Debt (-942.6m) to EBITDA (172.3m): -5.47 < 3
Current Ratio: 2.61 > 1.5 & < 3
Outstanding Shares: last quarter (49.8m) vs 12m ago 10.82% < -2%
Gross Margin: 72.23% > 18% (prev 0.73%; Δ 7.15k% > 0.5%)
Asset Turnover: 47.21% > 50% (prev 31.12%; Δ 16.09% > 0%)
Interest Coverage Ratio: -6.44 > 6 (EBITDA TTM 172.3m / Interest Expense TTM -24.5m)

Altman Z'' 4.34

A: 0.44 (Total Current Assets 1.44b - Total Current Liabilities 551.1m) / Total Assets 1.99b
B: 0.14 (Retained Earnings 288.2m / Total Assets 1.99b)
C: 0.07 (EBIT TTM 157.9m / Avg Total Assets 2.20b)
D: 0.45 (Book Value of Equity 288.2m / Total Liabilities 645.2m)
Altman-Z'' Score: 4.34 = AA

Beneish M -2.60

DSRI: 1.56 (Receivables 279.6m/128.9m, Revenue 1.04b/748.0m)
GMI: 1.01 (GM 72.23% / 72.78%)
AQI: 0.43 (AQ_t 0.22 / AQ_t-1 0.51)
SGI: 1.39 (Revenue 1.04b / 748.0m)
TATA: 0.01 (NI 414.1m - CFO 387.8m) / TA 1.99b)
Beneish M-Score: -2.60 (Cap -4..+1) = A

What is the price of DUOL shares?

As of March 15, 2026, the stock is trading at USD 98.81 with a total of 2,051,215 shares traded.
Over the past week, the price has changed by -3.46%, over one month by -12.60%, over three months by -47.09% and over the past year by -63.89%.

Is DUOL a buy, sell or hold?

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

What are the forecasts/targets for the DUOL price?

Issuer Target Up/Down from current
Wallstreet Target Price 105.7 7%
Analysts Target Price 105.7 7%

DUOL Fundamental Data Overview March 14, 2026

P/E Trailing = 11.8512
P/E Forward = 17.762
P/S = 4.6118
P/B = 3.5392
Revenue TTM = 1.04b USD
EBIT TTM = 157.9m USD
EBITDA TTM = 172.3m USD
Long Term Debt = 93.8m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 93.8m USD (from shortTermDebt, last quarter)
Debt = 93.8m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -942.6m USD (from netDebt column, last quarter)
Enterprise Value = 3.74b USD (4.79b + Debt 93.8m - CCE 1.14b)
Interest Coverage Ratio = -6.44 (Ebit TTM 157.9m / Interest Expense TTM -24.5m)
EV/FCF = 9.93x (Enterprise Value 3.74b / FCF TTM 376.6m)
FCF Yield = 10.07% (FCF TTM 376.6m / Enterprise Value 3.74b)
FCF Margin = 36.30% (FCF TTM 376.6m / Revenue TTM 1.04b)
Net Margin = 39.91% (Net Income TTM 414.1m / Revenue TTM 1.04b)
Gross Margin = 72.23% ((Revenue TTM 1.04b - Cost of Revenue TTM 288.1m) / Revenue TTM)
Gross Margin QoQ = 72.78% (prev 72.47%)
Tobins Q-Ratio = 1.88 (Enterprise Value 3.74b / Total Assets 1.99b)
Interest Expense / Debt = 0.19% (Interest Expense 182k / Debt 93.8m)
Taxrate = 23.02% (12.5m / 54.5m)
NOPAT = 121.6m (EBIT 157.9m * (1 - 23.02%))
Current Ratio = 2.61 (Total Current Assets 1.44b / Total Current Liabilities 551.1m)
Debt / Equity = 0.07 (Debt 93.8m / totalStockholderEquity, last quarter 1.35b)
Debt / EBITDA = -5.47 (Net Debt -942.6m / EBITDA 172.3m)
Debt / FCF = -2.50 (Net Debt -942.6m / FCF TTM 376.6m)
Total Stockholder Equity = 1.13b (last 4 quarters mean from totalStockholderEquity)
RoA = 18.84% (Net Income 414.1m / Total Assets 1.99b)
RoE = 36.60% (Net Income TTM 414.1m / Total Stockholder Equity 1.13b)
RoCE = 12.89% (EBIT 157.9m / Capital Employed (Equity 1.13b + L.T.Debt 93.8m))
RoIC = 10.74% (NOPAT 121.6m / Invested Capital 1.13b)
WACC = 11.56% (E(4.79b)/V(4.88b) * Re(11.78%) + D(93.8m)/V(4.88b) * Rd(0.19%) * (1-Tc(0.23)))
Discount Rate = 11.78% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.81%
[DCF] Terminal Value 70.59% ; FCFF base≈331.7m ; Y1≈409.2m ; Y5≈696.9m
[DCF] Fair Price = 190.6 (EV 6.79b - Net Debt -942.6m = Equity 7.74b / Shares 40.6m; r=11.56% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 83.84 | EPS CAGR: 66.87% | SUE: 0.01 | # QB: 0
Revenue Correlation: 99.77 | Revenue CAGR: 39.48% | SUE: 1.58 | # QB: 8
EPS next Quarter (2026-06-30): EPS=1.62 | Chg7d=-0.345 | Chg30d=-0.345 | Revisions Net=-1 | Analysts=2
EPS current Year (2026-12-31): EPS=7.32 | Chg7d=-0.595 | Chg30d=-0.594 | Revisions Net=-4 | Growth EPS=-37.8% | Growth Revenue=+16.6%
EPS next Year (2027-12-31): EPS=8.27 | Chg7d=-1.507 | Chg30d=-1.506 | Revisions Net=-3 | Growth EPS=+13.0% | Growth Revenue=+14.6%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 3.3% (Discount Rate 11.8% - Earnings Yield 8.4%)
[Growth] Growth Spread = +12.9% (Analyst 16.2% - Implied 3.3%)

Additional Sources for DUOL Stock

Fund Manager Positions: Dataroma | Stockcircle