Overview Dividends

(DUOL) Duolingo - Ratings and Ratios

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

Language Courses, Proficiency Exam, Mobile App, Subscription

Education Services
Market Cap in USD: 8,158m
IPO / Inception: 2021-07-28
Return 12m vs S&P 500: -53.6%

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,
EPS CAGR: 29.21%
EPS Trend: 73.0%
Last SUE: -0.49
Qual. Beats: 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,
Rev. CAGR: 41.97%
Rev. Trend: 99.8%
Last SUE: 3.36
Qual. Beats: 7

Dividends

Currently no dividends paid
Risk via 5d forecast
Volatility 59.7%
Value at Risk 5%th 87.2%
Relative Tail Risk -11.20%
Reward TTM
Sharpe Ratio -0.66
Alpha -72.24
CAGR/Max DD 0.45
Character TTM
Hurst Exponent 0.599
Beta 1.455
Beta Downside 1.768
Drawdowns 3y
Max DD 68.93%
Mean DD 17.57%
Median DD 12.52%

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) 4.5

Net Income (386.0m TTM) > 0 and > 6% of Revenue (6% = 57.9m TTM)
FCFTA 0.19 (>2.0%) and ΔFCFTA 8.75pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 91.53% (prev 103.9%; Δ -12.37pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.19 (>3.0%) and CFO 363.9m <= Net Income 386.0m (YES >=105%, WARN >=100%)
Net Debt (-914.2m) to EBITDA (131.5m) ratio: -6.95 <= 3.0 (WARN <= 3.5)
Current Ratio 2.82 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (49.8m) change vs 12m ago 0.40% (target <= -2.0% for YES)
Gross Margin 71.99% (prev 73.13%; Δ -1.13pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 46.32% (prev 30.27%; Δ 16.05pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio -3.56 (EBITDA TTM 131.5m / Interest Expense TTM -33.0m) >= 6 (WARN >= 3)

Altman Z'' 4.32

(A) 0.47 = (Total Current Assets 1.37b - Total Current Liabilities 484.5m) / Total Assets 1.89b
(B) 0.13 = Retained Earnings (Balance) 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
Total Rating: 4.32 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 90.62

1. Piotroski 4.50pt
2. FCF Yield 4.96%
3. FCF Margin 36.72%
4. Debt/Equity 0.07
5. Debt/Ebitda -6.95
6. ROIC - WACC (= 30.70)%
7. RoE 38.57%
8. Rev. Trend 99.84%
9. EPS Trend 73.02%

What is the price of DUOL shares?

As of January 08, 2026, the stock is trading at USD 176.30 with a total of 2,072,680 shares traded.
Over the past week, the price has changed by +0.46%, over one month by -15.21%, over three months by -44.90% and over the past year by -44.97%.

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 270.7 53.6%
Analysts Target Price 270.7 53.6%
ValueRay Target Price 179.6 1.9%

DUOL Fundamental Data Overview January 04, 2026

Market Cap USD = 8.16b (8.16b USD * 1.0 USD.USD)
P/E Trailing = 22.2267
P/E Forward = 30.6748
P/S = 8.4605
P/B = 6.2047
Beta = 0.852
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 = 7.13b USD (8.16b + Debt 97.3m - CCE 1.12b)
Interest Coverage Ratio = -3.56 (Ebit TTM 117.3m / Interest Expense TTM -33.0m)
FCF Yield = 4.96% (FCF TTM 354.1m / Enterprise Value 7.13b)
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 = 3.78 (Enterprise Value 7.13b / Total Assets 1.89b)
Interest Expense / Debt = 0.19% (Interest Expense 182.0k / Debt 97.3m)
Taxrate = -529.1% (out of range, set to none) (-245.7m / 46.4m)
NOPAT = unknown (EBIT/Op.Income or Taxrate missing)
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 = 20.47% (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 = 41.94% (EBIT 117.3m / (Assets 1.89b - Curr.Liab 484.5m - Cash 1.12b))
WACC = 11.25% (E(8.16b)/V(8.26b) * Re(11.38%) + (debt cost/tax rate unavailable))
Discount Rate = 11.38% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 81.65 | Cagr: 9.78%
[DCF Debug] Terminal Value 71.36% ; FCFE base≈303.9m ; Y1≈374.8m ; Y5≈639.5m
Fair Price DCF = 160.6 (DCF Value 6.43b / Shares Outstanding 40.0m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 73.02 | EPS CAGR: 29.21% | SUE: -0.49 | # 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=+22.6%

Additional Sources for DUOL Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle