profit from every $100 of sales.
$0$100
Duolingo
$164.12+4.76% today
-11.3% in 1 year
1-year low $90.031-year high $209.08
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $18.70 for every $1 of profit it makes in a year.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What Duolingo sold, what it kept, and what it did with the cash.
Sales went from $369 million in 2022 to $1.04 billion in 2025, with $414 million of profit last year.
SalesProfit
Duolingo vs. similar companies
Duolingo grows the fastest of these 5 and is the cheapest for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Duolingo | 18.7× · Fair price | ||
 SAP | 34.0× · Expensive | ||
 Quhuo | No profit yet | ||
 Shopify | 156.0× · Very expensive | ||
 Salesforce | 24.1× · Fair price |
AI analysis
An AI analyst reads Duolingo's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 162 | 251 | 369 | 531 | 748 | 1,038 | |
| 116 | 182 | 270 | 389 | 544 | 749 | |
| -16 | -60 | -65 | -13 | 63 | 136 | |
| -14 | -57 | -60 | -6 | 73 | 150 | |
| -16 | -60 | -60 | 16 | 89 | 414 | |
| -1.24 | -2.57 | -1.51 | 0.35 | 1.97 | 8.88 | |
| 71.6% | 72.4% | 73.1% | 73.2% | 72.8% | 72.2% | |
| -9.9% | -23.9% | -17.6% | -2.5% | 8.4% | 13.1% | |
| -9.8% | -24.0% | -16.1% | 3.0% | 11.8% | 39.9% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 176 | 661 | 747 | 954 | 1,302 | 1,992 |
| Cash | 120 | 554 | 608 | 748 | 786 | 1,036 |
| Total debt | – | – | 28 | 21 | 55 | 94 |
| Total liabilities | 74 | 148 | 205 | 298 | 477 | 645 |
| -81 | 513 | 542 | 656 | 825 | 1,347 | |
| 13 | 23 | 39 | 46 | 45 | 47 | |
| – | -9.2% | -9.0% | -1.5% | 5.6% | 7.4% | |
| 19.6% | -11.7% | -11.0% | 2.5% | 10.7% | 30.7% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 18 | 9 | 54 | 154 | 286 | 388 | |
| – | – | 10 | 14 | 21 | 27 | |
| – | – | 44 | 140 | 264 | 360 | |
| Dividends paid | – | – | – | – | – | – |
| 0 | 1 | 0 | 0 | – | – | |
| 17 | 41 | 74 | 95 | 110 | 137 |
Valuation
- 18.7×
- 55.5×
- –
- 3.6×
- 7.5×
- 21.5×
- 45.3×
- 4.7%
- 5.3%
- 0.0%
Profitability
- 72.2%
- 13.1%
- 39.9%
- 16.1%
- 10.9%
- 3.9%
- 33.6%
- 20.5%
- 10.9%
- 28.7%
Growth
- +45.0%
- –
- +35.2%
- –
- +4.6%
Financial health
- -5.9×
- 0.07
- 4.5%
- –
- 2.62
- 2.62
- 0.53
How it ranks in Technology
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 31%of 974
Top 34%of 975
Top 23%of 731
Top 7%of 982
Top 28%of 985
What analysts expect
- Average price target
- $220.56
- Range
- $85.00 – $330.00
- 2 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 4, 2026 | 0.89 | 0.79 | +12.7% |
| Feb 26, 2026 | 0.94 | 0.79 | +19.0% |
| Nov 5, 2025 | 0.95 | 0.76 | +25.2% |
| Aug 6, 2025 | 0.91 | 0.55 | +65.5% |
| May 1, 2025 | 0.72 | 0.52 | +39.8% |
| Feb 27, 2025 | 0.31 | 0.48 | −35.7% |
| Nov 6, 2024 | 0.49 | 0.35 | +40.0% |
| Aug 7, 2024 | 0.51 | 0.32 | +59.4% |
News
Why Duolingo Stock Skyrocketed TodayYahoo Finance · Nov 5, 2026Duolingo (DUOL) Is Up 8.7% After AI-Proof Upgrade And Buyback — Has The Bull Case Changed?Yahoo Finance · Sep 2, 2026Why Duolingo Stock Popped TodayYahoo Finance · Aug 19, 2026Here Are Tuesday’s Top Wall Street Analyst Research Calls: Abercrombie & Fitch, America Movil, Bath & Body Works, Duolingo, Gorilla Technology, Lumentum Holdings, Micron Technology, Tapestry,and MoreYahoo Finance · Aug 18, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
2/7Passes 2 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
51No pass
Benjamin Graham
50No pass
Philip Fisher
69Pass
Peter Lynch
100Pass
Joel Greenblatt
16No pass
Charlie Munger
56No pass
Terry Smith
58No pass
Questions about Duolingo
Is Duolingo a good stock to buy?
A strong, very profitable business at a fair price. 2 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Duolingo AI analysis
What does Duolingo do?
Duolingo, Inc. develops a language-learning website and mobile app in the United States and China. The company offers courses in 40 different languages, including Spanish, English, French, Japanese, German, Italian, Chinese, Portuguese, and others. It is in Software - Application, based in Pittsburgh, PA, United States, with 900 employees.
Does Duolingo pay a dividend?
No. Duolingo does not pay a dividend at the moment.
Is Duolingo stock halal?
Yes. Duolingo passes our halal screen: its business is permitted and its debt is 1% of its market value, under the 30% limit. How we check
How has Duolingo stock done over the past year?
Down 11.3% over the past twelve months, to $164.12. It traded between $90.03 and $209.08 and is 21.5% below its high.
Who are Duolingo's competitors?
The largest listed companies in the same industry are SAP, Quhuo, Shopify and Salesforce. The peers table on this page compares their profit, growth and price with Duolingo's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.