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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |