Duolingo DUOL
NASDAQ DUOL
$154.46 -4.36 (-2.75%)
At close: Sep 4, 2026 · 4:00 PM EDT

Duolingo (DUOL) Shares Outstanding (2020 - 2026)

Duolingo (DUOL) posted Shares Outstanding (Entity) of $93.5 million for Q2 2026, little changed on a QoQ basis from $93.6 million in Q1 2026, and up 2.59% year-over-year from $91.2 million in Q2 2025.

Analysis

Duolingo (DUOL) Shares Outstanding (2020 - 2026) Analysis & Trends

Duolingo has reported Shares Outstanding (Entity) for 7 years, with the latest figure at $93.5 million in Q2 2026.

  • On a quarterly basis, Shares Outstanding (Entity) rose 2.59% year-over-year to $93.5 million in Q2 2026; TTM through Jun 2026 was $93.5 million, a 2.59% increase from a year earlier, with the FY2025 full-year figure at $92.5 million, up 4.59% from the prior year.
  • Shares Outstanding (Entity) was $93.5 million for Q2 2026 at Duolingo, roughly flat from $93.6 million in the prior quarter.
  • The five-year high for Shares Outstanding (Entity) was $93.6 million in Q1 2026, with the low at $39.1 million in Q1 2022.
  • Average Shares Outstanding (Entity) over 5 years is $83.9 million, with a median of $86.3 million recorded in 2024.
  • The sharpest annual moves came in 2022 and 2026: Shares Outstanding (Entity) jumped 144.3% in 2022, then climbed 2.59% in 2026.
  • Over 5 years, Shares Outstanding (Entity) stood at $79.8 million in 2022, then advanced by 5.19% to $84.0 million in 2023, then rose by 5.31% to $88.4 million in 2024, then increased by 4.59% to $92.5 million in 2025, then increased by 1.12% to $93.5 million in 2026.
  • The last three Shares Outstanding (Entity) figures came in at $93.5 million (Q2 2026), $93.6 million (Q1 2026), and $92.5 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Shares Outstanding (Qtr)
1 Duolingo 14.45 Bn 13.13 Bn 216.74 Mn 46.70 Mn
2 Youdao 3.62 Bn 3.50 Bn 105.66 Mn 118.08 Mn
3 Coursera 1.59 Bn 604.41 Mn 173.40 Mn 233.40 Mn
4 Docebo 712.07 Mn 666.36 Mn 54.53 Mn 28.69 Mn
5 51Talk Online Education 344.94 Mn 309.51 Mn 22.97 Mn 23.67 Mn
6 iHuman 124.70 Mn -34.09 Mn 17.68 Mn 51.40 Mn
7 Nerdy 119.95 Mn 90.19 Mn 27.98 Mn 8.43 Mn
8 Chegg 94.28 Mn 21.96 Mn 28.28 Mn 111.42 Mn
9 Skillsoft 60.79 Mn -57.58 Mn 78.61 Mn 8.81 Mn
10 Sunlands Technology 39.07 Mn 38.85 Mn - 13.47 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 46.70 Mn
Mar 31, 2026 46.79 Mn
Dec 31, 2025 45.77 Mn
Sep 30, 2025 45.95 Mn
Jun 30, 2025 45.61 Mn
Mar 31, 2025 45.15 Mn
Dec 31, 2024 43.50 Mn
Sep 30, 2024 43.71 Mn
Jun 30, 2024 43.26 Mn
Mar 31, 2024 42.78 Mn
Dec 31, 2023 41.45 Mn
Sep 30, 2023 41.72 Mn
Jun 30, 2023 41.22 Mn
Mar 31, 2023 40.62 Mn
Dec 31, 2022 39.47 Mn
Sep 30, 2022 39.75 Mn
Jun 30, 2022 39.27 Mn
Mar 31, 2022 38.59 Mn
Dec 31, 2021 23.43 Mn
Sep 30, 2021 29.53 Mn