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Duolingo (DUOL) Shares Outstanding (2020 - 2025)

Duolingo has reported Shares Outstanding over the past 6 years, most recently at $46.6 million for Q4 2025.

  • Quarterly results put Shares Outstanding at $46.6 million for Q4 2025, up 20.39% from a year ago — trailing twelve months through Dec 2025 was $46.6 million (up 20.39% YoY), and the annual figure for FY2025 was $46.6 million, up 20.39%.
  • Shares Outstanding for Q4 2025 was $46.6 million at Duolingo, up from $46.1 million in the prior quarter.
  • Over the last five years, Shares Outstanding for DUOL hit a ceiling of $46.6 million in Q4 2025 and a floor of $6.2 million in Q4 2024.
  • Median Shares Outstanding over the past 5 years was $41.3 million (2023), compared with a mean of $37.4 million.
  • Biggest five-year swings in Shares Outstanding: surged 199.14% in 2021 and later dropped 8.99% in 2025.
  • Duolingo's Shares Outstanding stood at $38.3 million in 2021, then increased by 5.46% to $40.4 million in 2022, then increased by 5.36% to $42.5 million in 2023, then fell by 8.93% to $38.7 million in 2024, then grew by 20.39% to $46.6 million in 2025.
  • The last three reported values for Shares Outstanding were $46.6 million (Q4 2025), $40.0 million (Q3 2025), and $45.8 million (Q2 2025) per Business Quant data.