NASDAQ · DUOL
Duolingo, Inc.
Technology · Software - Application
$143.51▼ 2.87% ($4.24)at close
After hours$143.98▲ 0.33%7:52 PM ET
Market cap
$6.69B
P/E
17.48
EPS (TTM)
$8.21
Next earnings
Nov 4, 2026
Valuation
Revenue & margin DCF
Verdict: fairly priced. Price between Bear and Base.
The price needs 15.2% revenue growth a year for 10 years. Our scenarios assume 13.3–23.1%.
That's below its past 4-year pace of 42.6%.
Value per share
Base case
$184.10
Price used $143.51 is 22% below this
USD · TTM ending Jun 30, 2026 · Price Sep 25, 8:00 PM UTC
Revenue each value needs
Revenue today $1.1B. The price needs $4.7B by 2036. Base case: $6.3B. At its recent pace: $39.9B. Bear to Bull: $4B to $9.2B.
Revenue today $1.1B. The price needs $4.7B by 2036. Base case: $6.3B. At its recent pace: $39.9B. Bear to Bull: $4B to $9.2B.
Revenue in 2036
today $1.1B
−$1.6Bless than the Base case
Value per share · Base case
$184.10
Price $143.51
22% below this
- 10-yr revenue CAGR
- 18.6%
- Ending operating margin
- 14.7%
- Discount rate
- 10.1%
USD · TTM ending Jun 30, 2026 · Price Sep 25, 8:00 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock fell 54.22% over the last year. Revenue grew 29.36% over the trailing twelve months. Operating margin moved from 9.7% to 14.18%. Free cash flow grew 23.43% over the trailing twelve months.
What the market seems to be pricing
Visible fundamentals weakened far less than the stock price, and the shares now sit around the 12th percentile of their historical P/FCF range. That looks more like a rerating of the multiple than a collapse in the business.
What would invalidate this read
This read changes if operating margin (currently 14.18%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.
Return analysis
Company profile
Duolingo, Inc. builds and operates an online platform and a mobile application dedicated to language learning, catering to audiences in both the United States and China.
Market multiples
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Analyst consensus
9
Buy
13
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Nov 4, 2026
Q4 FY26 · EPS est $0.55 · Revenue est $302.83M
View
Institutional Sentiment
Duolingo, Inc. · DUOL
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.