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Duolingo, Inc.

DUOL

Technology · 142.62 +0.0% today

Isolated · not yet confirmedMarket checked 30 Sept, 15:55 GMT-4

Market read

Duolingo, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 7 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Company+0.0% todayVolume comparison unavailable
Market group0 of 7 activeConsumer Growth · unavailable
Disclosed network0 of 2 confirmingNo filing-linked name is confirming now
What would change this read
  • DUOL's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if DUOL's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Technology · Software - Application

No new filing conclusion is available. 0 of 7 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • DUOL's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Oct 1, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods6
Price observations341
Usable filing statements114
Verified relationships2
Evidence supporting the case
  • Latest annual revenue changed +38.7% year over year.
  • Operating margin changed +4.7 percentage points in the latest annual period.
  • Net margin changed +28.1 percentage points in the latest annual period.
Evidence challenging the case
  • Diluted shares increased 2.6% in the latest annual period.
Questions before a position
  • EV/sales is 98% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 30, 2026

142.62
6m+44.7%12m-56.6%24m—
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$250.8M+55.1%$-2.57—
2022-12-31$369.5M+47.3%$-1.51—
2023-12-31$531.1M+43.7%$0.35+17.9%
2024-12-31$748.0M+40.8%$1.88+1.2%
2025-12-31$1.0B+38.7%$8.57+2.6%

What management says matters

Persistent and emerging business drivers

Demand and volumepositive · 3 filings
“For the six months ended June 30, 2026 and 2025, we generated $518.4 million and $459.4 million of subscription bookings, respectively, representing an increase of $58.9 million or 13%, driven by growth in volume and price of subscriptions sold.”
10-Q · Aug 6, 2026 ↗
Capital investment and capacitymixed · 2 filings
“This decrease was primarily due to higher net maturities of investments of $10.0 million during the six months ended June 30, 2026, partially offset by a $5.6 million increase in capital expenditures.”
10-Q · Aug 6, 2026 ↗
Credit and interest ratesmixed · 1 filings
“The following table summarizes the Company’s allocation of the purchase consideration based on the fair value of assets acquired and liabilities assumed at the acquisition dates: (In thousands) July 2024 Cash and cash equivalents $ 5 Other current assets acqu…”
10-K · Feb 27, 2026 ↗

Valuation discipline

Descriptive valuation snapshot

Price/sales 6.6× · EV/sales 5.6×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

142.62+0.0% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 30 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for DUOL. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for DUOL. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind DUOL

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

AAPLApple Inc.distributorFeb 27, 2026 ▾

“In addition, our distribution agreements with Apple and Google are generally terminable by Apple or Google without cause with 30 days prior written notice (to the extent allowed by applicable local law).”

Depended on by

LRNStride, Inc.competitorAug 6, 2025 ▾

“Other competing digital curriculum providers, including Khan Academy, Duolingo, IXL Learning, Inc.”

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

DUOL is currently a Follower in the organic co-movement group Consumer Growth. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for DUOL; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.