Duolingo, Inc. DUOL
Computer Software: Prepackaged Software · IPO 2021 · data as of November 13, 2026
Duolingo, Inc. (DUOL) is a technology company listed in the US with a market value of about $7.8B. In the twelve months to September 30, 2026 it had revenue of $1.2B and net income of $146M, a net margin of 12.3%.
Its overall Stock Analiz score is 2.6 out of 5 (average). The strongest part is future growth (5/5); the weakest is shareholder returns (0/5).
Key numbers: a P/E of 54.6, a price to free cash flow of 19.2, 5-year revenue growth of 45% a year, a 5-year average ROIC of -1%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 30% below the current price.
Score: 2.6 / 5
Checks passed
- P/FCF below 20
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year revenue growth above 8% a year
- ROE above 15%
Checks not passed
- P/E below 25
- P/E below the industry median
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- 5-year EPS growth above 10% a year
- 5-year average ROIC above 12%
- Profitable 5 years in a row
- Pays a dividend
Valuation
Growth and quality
Financials, last 6 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.2B | $1.0B | $748M | $531M | $369M | $251M | $162M |
| Net income | $146M | $414M | $89M | $16M | -$60M | -$60M | -$16M |
| Free cash flow | $407M | $370M | $273M | $150M | $48M | $6M | $14M |
| EPS (diluted) | $3.03 | $8.57 | $1.88 | $0.35 | $-1.51 | $-2.57 | $-1.24 |
| Net margin | 12.3% | 39.9% | 11.8% | 3.0% | -16.1% | -24.0% | -9.8% |
| ROIC | — | 7.4% | 6.2% | -1.8% | -9.0% | -8.7% | — |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 18 analysts is $152.54, 8% below the current price; targets range from $108.00 to $210.00; the consensus rating is “Hold”; expected EPS is $6.68 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Duolingo’s P/E ratio?
About 54.6, based on the last twelve months of diluted earnings per share (forward P/E about 22.3).
Is Duolingo stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 30% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Duolingo pay a dividend?
Not currently.
Is Duolingo a good stock to buy?
We do not give buy or sell advice. Duolingo scores 2.6 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.