DUOL Stock Analysis: Duolingo | NASDAQ

Software - Application | NASDAQ, USA | Market Cap: 6.148m USD | 12M Return: -66.9% | Charts, Fundamentals & Technical Analysis

Language Learning, Mobile App, Proficiency Exam
Total Rating 39
Safety 73
Buy Signal -0.44
Software - Application
Industry Rotation: +7.7
Market Cap: 6.15B
Avg Turnover: 175M
Risk 3d forecast
Volatility59.8%
VaR 5th Pctl9.86%
VaR vs Median0.13%
Reward TTM
Sharpe Ratio-1.48
Rel. Str. IBD8.9
Rel. Str. Peer Group17.9
Character TTM
Beta1.310
Beta Downside1.208
Hurst Exponent0.471
Drawdowns 3y
Max DD83.35%
CAGR/Max DD-0.07
CAGR/Mean DD-0.20
EPS (Earnings per Share) EPS (Earnings per Share) of DUOL over the last years for every Quarter: "2021-06": -0.0049, "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": -0.0636, "2023-06": 0.0795, "2023-09": 0.0598, "2023-12": 0.25, "2024-03": 0.57, "2024-06": 0.51, "2024-09": 0.47, "2024-12": 0.31, "2025-03": 0.72, "2025-06": 0.91, "2025-09": 0.95, "2025-12": 0.94, "2026-03": 0.89,
Last SUE: 0.68
Qual. Beats: 0
Revenue Revenue of DUOL over the last years for every Quarter: 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, 2026-03: 291.967,
Rev. CAGR: 39.80%
Rev. Trend: 99.9%
Last SUE: 0.85
Qual. Beats: 15

Warnings

Below Sma 200d

Tailwinds

No distinct edge detected

Seasonality 4.9 years of data

Jan -3.1% 0
Feb -9.1% 25
Mar +5.1% 0
Apr +7.4% 0
May +12.9% 26
Jun -1.0% 0
Jul -5.5% 0
Aug -0.4% 0
Sep +10.1% 46
Oct -10.9% 48
Nov -0.2% 0
Dec +1.2% 0

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: DUOL Duolingo

Duolingo, Inc. is a mobile-based language learning platform headquartered in Pittsburgh, Pennsylvania, operating in the United States, the United Kingdom, and internationally. Through its flagship app, the company offers 250 language courses spanning major languages including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese. Beyond its core learning product, Duolingo provides a digital English language proficiency assessment exam. The company was incorporated in 2011 and trades on NASDAQ under the ticker DUOL.

Classified within the Education Services sub-industry of the Consumer Discretionary sector, Duolingo operates in the broader EdTech space, leveraging a mobile-first, app-based delivery model that shifts language instruction away from traditional classroom settings toward on-demand, self-paced digital learning. The company is generally associated with a freemium business model, where core content is offered at no cost alongside optional paid premium subscription tiers.

Headlines to Watch Out For
  • Paid subscribers surge as Max tier lifts average revenue
  • International growth offsets US market saturation concerns
  • Competition from Babbel and AI tutoring apps intensifies
Piotroski VR-10 (Strict) 5.5
Net Income: 422.4m TTM > 0 and > 6% of Revenue
FCF/TA: 0.20 > 0.02 and ΔFCF/TA -0.85 > 1.0
NWC/Revenue: 84.80% < 20% (prev 94.32%; Δ -9.52% < -1%)
CFO/TA 0.21 > 3% & CFO 433.0m > Net Income 422.4m
Net Debt (-1.16b) to EBITDA (217.9m): -5.32 < 3
Current Ratio: 2.62 > 1.5 & < 3
Outstanding Shares: last quarter (49.0m) vs 12m ago 1.01% < -2%
Gross Margin: 72.14% > 18% (prev 71.55%; Δ 0.59% > 0.5%)
Asset Turnover: 63.49% > 50% (prev 57.81%; Δ 5.68% > 0%)
Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM)
Altman Z'' 6.48
A: 0.45 (Total Current Assets 1.51b - Total Current Liabilities 574.1m) / Total Assets 2.06b
B: 0.16 (Retained Earnings 331.7m / Total Assets 2.06b)
C: 0.12 (EBIT TTM 203.0m / Avg Total Assets 1.73b)
D: 2.09 (Book Value of Equity 1.39b / Total Liabilities 666.2m)
Altman-Z'' = 6.48 = AAA
Beneish M -2.32
DSRI: 0.47 (Receivables 130.2m/203.7m, Revenue 1.10b/811.2m)
GMI: 0.99 (GM 71.55% / 72.14%)
AQI: 2.52 (AQ_t 0.21 / AQ_t-1 0.08)
SGI: 1.35 (Revenue 1.10b / 811.2m)
TATA: -0.01 (NI 422.4m - CFO 433.0m) / TA 2.06b)
Beneish M = -2.32 (Cap -4..+1) = BBB
What is the price of DUOL shares?

As of July 13, 2026, the stock is trading at USD 124.76 with a total of 614,949 shares traded. Over the past week, the price has changed by -0.80%, over one month by +1.74%, over three months by +33.39% and over the past year by -66.86%.

Current recommended Stop Loss: 110.20 (which is 11.7% or 1.8 ATR below the current price).

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?
Analysts Target Price 106.3 -14.8%
Duolingo (DUOL) - Fundamental Data Overview as of 09 July 2026
Market Cap USD = 6.15b (6.15b USD * 1.0 USD.USD)
P/E Trailing = 14.8425
P/E Forward = 18.622
P/S = 5.5951
P/B = 4.2102
Revenue TTM = 1.10b USD
EBIT TTM = 203.0m USD
EBITDA TTM = 217.9m USD
 Long Term Debt = unknown (none)
 Short Term Debt = 93.8m USD (from shortTermDebt, two quarters ago)
Debt = 91.9m USD (from shortLongTermDebtTotal, last quarter) (leases 91.9m already included)
Net Debt = -1.16b USD (calculated: Debt 91.9m - CCE 1.25b)
Enterprise Value = 4.99b USD (6.15b + Debt 91.9m - CCE 1.25b)
 Interest Coverage Ratio = unknown (Ebit TTM 203.0m / Interest Expense TTM 0.0)
 EV/FCF = 11.99x (Enterprise Value 4.99b / FCF TTM 416.0m)
FCF Yield = 8.34% (FCF TTM 416.0m / Enterprise Value 4.99b)
FCF Margin = 37.86% (FCF TTM 416.0m / Revenue TTM 1.10b)
Net Margin = 38.44% (Net Income TTM 422.4m / Revenue TTM 1.10b)
Gross Margin = 72.14% ((Revenue TTM 1.10b - Cost of Revenue TTM 306.1m) / Revenue TTM)
Gross Margin QoQ = 72.50% (prev 72.27%)
Tobins Q-Ratio = 2.42 (Enterprise Value 4.99b / Total Assets 2.06b)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 91.9m)
Taxrate = 21.77% (12.1m / 55.6m)
NOPAT = 158.8m (EBIT 203.0m * (1 - 21.77%))
Current Ratio = 2.62 (Total Current Assets 1.51b / Total Current Liabilities 574.1m)
Debt / Equity = 0.07 (Debt 91.9m / totalStockholderEquity, last quarter 1.39b)
Debt / EBITDA = -5.32 (Net Debt -1.16b / EBITDA 217.9m)
Debt / FCF = -2.79 (Net Debt -1.16b / FCF TTM 416.0m)
Total Stockholder Equity = 1.26b (last 4 quarters mean from totalStockholderEquity)
RoA = 24.41% (Net Income 422.4m / Total Assets 2.06b)
RoE = 33.63% (Net Income TTM 422.4m / Total Stockholder Equity 1.26b)
RoCE = 13.68% (EBIT 203.0m / Capital Employed (Total Assets 2.06b - Current Liab 574.1m))
RoIC = 11.11% (NOPAT 158.8m / Invested Capital 1.43b)
WACC = 10.43% (E(6.15b)/V(6.24b) * Re(10.59%) + D(91.9m)/V(6.24b) * Rd(0.0%) * (1-Tc(0.22)))
Discount Rate = 10.59% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 44.95 | Cagr: -0.01%
[DCF] Terminal Value 71.53% ; FCFF base≈367.9m ; Y1≈421.7m ; Y5≈620.6m
[DCF] Fair Price = 198.4 (EV 6.82b - Net Debt -1.16b = Equity 7.98b / Shares 40.2m; r=10.43% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.68 | # QB: 0
Revenue Correlation: 99.92 | Revenue CAGR: 39.80% | SUE: 0.85 | # QB: 15
EPS current Quarter (2026-06-30): EPS=1.54 | Chg30d=+0.05% | Revisions=+17% | Analysts=3
EPS next Quarter (2026-09-30): EPS=1.54 | Chg30d=+0.08% | Revisions=+0% | Analysts=3
EPS current Year (2026-12-31): EPS=6.69 | Chg30d=+0.49% | Revisions=+0% | GrowthEPS=-43.2% | GrowthRev=+16.3%
EPS next Year (2027-12-31): EPS=7.84 | Chg30d=-1.05% | Revisions=+0% | GrowthEPS=+17.3% | GrowthRev=+13.9%
[Analyst] Revisions Ratio: +12% (up=3, down=2)