Duolingo (DUOL) Shares Outstanding (Entity) (2020 - 2026)
Duolingo (DUOL) recorded Shares Outstanding (Entity) of 93.53 million in Q2 2026, up 2.6% from 91.17 million a year earlier but down 0.1% from the prior quarter.
Powered by 
Analysis
Duolingo (DUOL) Shares Outstanding (Entity) (2020 - 2026) Analysis & Trends
For FY2025, Duolingo reported Shares Outstanding (Entity) of 92.5 million, up 4.6% from FY2024.
- Annual Shares Outstanding (Entity) has increased for four straight years, with a five-year compound annual growth rate of 19.8% (FY2020 to FY2025).
- Across earlier years, Shares Outstanding (Entity) came in at 88.44 million in FY2024 (+5.3%), 83.98 million in FY2023 (+5.2%), 79.83 million in FY2022 (+144.3%) and 32.68 million in FY2021 (-12.7%).
- Quarterly Shares Outstanding (Entity) has ranged from 32.68 million in Q4 2021 to 93.64 million in Q1 2026 over the past five years.
- On a year-over-year basis, Shares Outstanding (Entity) has increased for 18 consecutive quarters, with growth averaging 4.6% over the last eight quarters.
- Peak year-over-year performance for Shares Outstanding (Entity) in the last five years was growth of 144.3% in Q4 2022, against a decline of 12.7% in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 93.64 million (Q1 2026), 92.5 million (Q4 2025) and 92.06 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Entity.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | 450.00 Mn |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn | 161.91 Mn |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn | 585.29 Mn |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn | 577.00 Mn |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn | 110.72 Mn |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | 233.20 Mn |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn | 93.53 Mn |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn | 58.30 Mn |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn | 405.20 Mn |
| 10 | Bentley Systems | 9.44 Bn | 8.90 Bn | 336.74 Mn | 301.78 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 93.53 Mn |
| Mar 31, 2026 | 93.64 Mn |
| Dec 31, 2025 | 92.50 Mn |
| Sep 30, 2025 | 92.06 Mn |
| Jun 30, 2025 | 91.17 Mn |
| Mar 31, 2025 | 90.56 Mn |
| Dec 31, 2024 | 88.44 Mn |
| Sep 30, 2024 | 87.65 Mn |
| Jun 30, 2024 | 86.82 Mn |
| Mar 31, 2024 | 85.82 Mn |
| Dec 31, 2023 | 83.98 Mn |
| Sep 30, 2023 | 83.16 Mn |
| Jun 30, 2023 | 82.46 Mn |
| Mar 31, 2023 | 81.64 Mn |
| Dec 31, 2022 | 79.83 Mn |
| Sep 30, 2022 | 79.84 Mn |
| Jun 30, 2022 | 78.52 Mn |
| Mar 31, 2022 | 39.08 Mn |
| Dec 31, 2021 | 32.68 Mn |
| Sep 30, 2021 | 37.45 Mn |
API Access
Duolingo Shares Outstanding (Entity) 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=shares-outstanding-entity&ticker=DUOL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-entity", "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=shares-outstanding-entity&ticker=DUOL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();