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Duolingo/$DUOL

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About Duolingo

Duolingo Inc is a technology company that develops a mobile learning platform to learn languages. Its products are powered by sophisticated data analytics and artificial intelligence and delivered with class art, animation, and design to make it easier for learners to stay motivated, master new material, and achieve their learning goals. Its solutions include the Duolingo Language Learning App, Super Duolingo, Duolingo English Test: AI-Driven Language Assessment, Duolingo For Schools, Duolingo ABC, and Duolingo Math. It has four predominant sources of revenue: time-based subscriptions, in-app advertising placement by third parties, the Duolingo English Test, and In-App purchases. Geographically, the company generates revenue from its customers in the United States and other markets.
Ticker
$DUOL
Primary listing
NASDAQ
Employees
900

Duolingo Metrics

BasicAdvanced
$6.2B
15.69
$8.39
0.88
-

What the Analysts think about Duolingo

Analyst ratings (Buy, Hold, Sell) for Duolingo stock.
Analyst projections of the future price of Duolingo stock.

Bulls say / Bears say

Daily active users reached 58.7 million in Q2, up 23% year on year, while user retention hit a record 84%. Stronger engagement gives Duolingo a larger audience to convert over time. (U.S. Securities and Exchange Commission, Duolingo)
Subscriptions remain a strong growth engine: Q2 subscription revenue rose 22% year on year, and paid subscribers increased 17% to 12.7 million. This shows the company is still expanding paid use even while it prioritises user growth. (U.S. Securities and Exchange Commission)
AI features such as Video Call can make speaking practice more widely available, while lower AI costs have helped profitability. Duolingo raised its 2026 adjusted EBITDA margin outlook to 26.5%. (Reuters, Duolingo)
Monetisation is lagging audience growth: Q2 DAUs rose 23%, but bookings grew only 8%, and the Q3 revenue forecast fell short of analysts’ expectations. That gap could persist while the company favours engagement over near-term revenue. (Reuters)
Growth is increasingly reliant on subscriptions, while other revenue lines are weak: Q2 English Test revenue was flat, advertising grew just 2%, and in-app purchases fell 23%. This leaves less evidence that newer or ancillary products are adding meaningful growth. (U.S. Securities and Exchange Commission)
Some of Q2’s DAU acceleration came from a one-off streak-revival campaign, which brought millions of inactive learners back; monthly active users grew by a slower 10%. If the campaign’s effect fades, headline daily-user growth may be harder to sustain. (Reuters, U.S. Securities and Exchange Commission)
Data summarised monthly by Lightyear AI. Last updated on 26 Oct 2026.

Duolingo Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Duolingo Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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