Duolingo (DUOL) Common Equity (2020 - 2026)
Duolingo's Common Equity was $1.41 billion in Q2 2026, up 44.3% from $977.03 million a year earlier and up 1.3% from the prior quarter.
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Analysis
Duolingo (DUOL) Common Equity (2020 - 2026) Analysis & Trends
At the end of FY2025, Common Equity at Duolingo came in at $1.35 billion, up 63.4% from FY2024.
- Common Equity has now increased for four consecutive years.
- In earlier years, Common Equity was $824.55 million in FY2024 (+25.8%), $655.5 million in FY2023 (+20.9%), $542.08 million in FY2022 (+5.7%) and $513.06 million in FY2021.
- The Q2 2026 figure marks the highest quarterly Common Equity in data going back to Q2 2020.
- Compared with a year earlier, Common Equity has increased for 16 straight quarters, with growth averaging 41.9% over the last eight quarters.
- Across the past five years, year-over-year growth in Common Equity ran from 4.5% in Q3 2022 to 63.4% in Q4 2025.
- Per Business Quant data, DUOL's Common Equity in the three quarters before Q2 2026 was $1.39 billion (Q1 2026), $1.35 billion (Q4 2025) and $1.31 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | -204,260.00 |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn | 7.43 Bn |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn | 1.60 Bn |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn | 2.05 Bn |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn | 3.47 Bn |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | 5.11 Bn |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn | 1.41 Bn |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn | 157.51 Mn |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn | 7.95 Bn |
| 10 | Bentley Systems | 9.44 Bn | 8.90 Bn | 336.74 Mn | 1.20 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.41 Bn |
| Mar 31, 2026 | 1.39 Bn |
| Dec 31, 2025 | 1.35 Bn |
| Sep 30, 2025 | 1.31 Bn |
| Jun 30, 2025 | 977.03 Mn |
| Mar 31, 2025 | 893.83 Mn |
| Dec 31, 2024 | 824.55 Mn |
| Sep 30, 2024 | 822.45 Mn |
| Jun 30, 2024 | 766.94 Mn |
| Mar 31, 2024 | 711.05 Mn |
| Dec 31, 2023 | 655.50 Mn |
| Sep 30, 2023 | 614.82 Mn |
| Jun 30, 2023 | 596.41 Mn |
| Mar 31, 2023 | 565.19 Mn |
| Dec 31, 2022 | 542.08 Mn |
| Sep 30, 2022 | 533.83 Mn |
| Jun 30, 2022 | 528.22 Mn |
| Mar 31, 2022 | 520.71 Mn |
| Dec 31, 2021 | 513.06 Mn |
| Sep 30, 2021 | 510.73 Mn |
API Access
Duolingo Common Equity API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=common-equity&ticker=DUOL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "common-equity", "ticker": "DUOL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=common-equity&ticker=DUOL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();