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as of 03-23-2026 3:17pm EST

$100.52
+$2.75
+2.81%
Stocks Technology Computer Software: Prepackaged Software Nasdaq

Duolingo Inc is a technology company that develops a mobile learning platform to learn languages and is the top-grossing app in the Education category on both Google Play and the Apple App Store. Its products are powered by sophisticated data analytics and artificial intelligence and delivered with class art, animation, and design to make it easier for learners to stay motivated master new material, and achieve their learning goals. Its solutions include the Duolingo Language Learning App, Super Duolingo, Duolingo English Test: AI-Driven Language Assessment, Duolingo For Schools, Duolingo ABC, and Duolingo Math. It has four predominant sources of revenue; time-based subscriptions, in-app advertising placement by third parties, and the Duolingo English Test, and In-App Purchases.

Founded: 2011 Country:
United States
United States
Employees: N/A City: PITTSBURGH
Market Cap: 8.4B IPO Year: 2021
Target Price: $176.88 AVG Volume (30 days): 2.9M
Analyst Decision: Buy Number of Analysts: 18
Dividend Yield:
N/A
Dividend Payout Frequency: N/A
EPS: 8.57 EPS Growth: 355.85
52 Week Low/High: $91.99 - $544.93 Next Earning Date: 04-30-2026
Revenue: $1,037,589,000 Revenue Growth: 38.71%
Revenue Growth (this year): 18.93% Revenue Growth (next year): 14.10%
P/E Ratio: 11.41 Index: N/A
Free Cash Flow: 369.7M FCF Growth: +35.23%

AI-Powered DUOL Daily Prediction

Machine learning model trained on 25+ technical indicators

Updated 20 hours ago

AI Recommendation

hold
Model Accuracy: 75.71%
75.71%
Confidence

Disclaimer: This prediction is generated by an AI model and should not be considered as financial advice. Always conduct your own research and consult with financial professionals before making investment decisions.

Stock Insider Trading Activity of Duolingo Inc. (DUOL)

Buy
DUOL Mar 3, 2026

Avg Cost/Share

$99.76

Shares

5,000

Total Value

$498,792.00

Owned After

9,632

SEC Form 4

Glance Natalie

Chief Engineering Officer

Sell
DUOL Feb 18, 2026

Avg Cost/Share

$113.85

Shares

3,545

Total Value

$402,402.93

Owned After

115,380

SEC Form 4

Skaruppa Matthew

Chief Financial Officer

Sell
DUOL Feb 18, 2026

Avg Cost/Share

$113.81

Shares

3,986

Total Value

$452,491.87

Owned After

31,991

SEC Form 4

Chen Stephen C.

General Counsel

Sell
DUOL Feb 18, 2026

Avg Cost/Share

$113.95

Shares

1,901

Total Value

$215,313.21

Owned After

31,625

SEC Form 4

Glance Natalie

Chief Engineering Officer

Sell
DUOL Feb 17, 2026

Avg Cost/Share

$110.06

Shares

1,741

Total Value

$191,614.46

Owned After

115,380

SEC Form 4

Skaruppa Matthew

Chief Financial Officer

Sell
DUOL Feb 17, 2026

Avg Cost/Share

$110.06

Shares

1,870

Total Value

$205,812.20

Owned After

31,991

SEC Form 4

Chen Stephen C.

General Counsel

Sell
DUOL Feb 17, 2026

Avg Cost/Share

$110.06

Shares

896

Total Value

$98,613.76

Owned After

31,625

SEC Form 4

Meese Robert

Chief Business Officer

Sell
DUOL Feb 17, 2026

Avg Cost/Share

$110.06

Shares

1,000

Total Value

$110,060.00

Owned After

122,636

SEC Form 4

Earnings Transcripts

SEC 8-K filings with transcript text

View All
2025
Q4

Q4 2025 Earnings

8-K/A SELL

Feb 27, 2026 · 100% conf.

AI Prediction SELL

1D

-6.86%

$93.46

Act: +0.26%

5D

-17.03%

$83.27

Act: +1.43%

20D

-21.13%

$79.15

Price: $100.35 Prob +5D: 0% AUC: 1.000
0001628280-26-012513

duol-202602260001562088false00015620882026-02-262026-02-27

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K/A

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 26, 2026

Duolingo, Inc. (Exact name of registrant as specified in its charter)

Delaware001-4065345-3055872 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification Number)

5900 Penn Avenue Pittsburgh, Pennsylvania 15206 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (412) 567-6602

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s) Name of each exchange on which registered Class A common stock, $0.0001 par value per shareDUOLThe Nasdaq Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

EXPLANATORY NOTE

On February 26, 2026, Duolingo, Inc. (the “Company”) furnished a Current Report on Form 8-K (the “Original Form 8-K”) appending as Exhibits 99.1 and 99.2, respectively, the Company’s press release (the “Original Press Release) and shareholder letter (the “Original Shareholder Letter”), announcing the financial results of the Company for the three and twelve months ended December 31, 2025. This amendment to the Original Form 8-K is being furnished solely to correct a typographical error on page 4 of the Original Shareholder Letter, regarding the Company’s net income for the year ended December 31, 2025, which was elsewhere correctly stated as $414.1 million. Except for the language on page 4 of the Original Shareholder Letter regarding the Company’s net income for the year ended December 31, 2025, all information set forth in the Original Form 8-K, the Original Press Release and original Shareholder Letter remains unchanged.

Item 2.02 Results of Operations and Financial Condition

On February 26, 2026, the Company issued the Original Shareholder Letter. A copy of the Original Shareholder Letter, as corrected, is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits (d) Exhibits.

Exhibit No.Description

99.1Shareholder Letter dated February 26, 2026, as corrected

104Cover Page Interactive Data File (embedded within the inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

DUOLINGO, INC.

Date: February 27, 2026 By:/s/ Gillian Munson

Gillian Munson Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer)

2025
Q4

Q4 2025 Earnings

8-K SELL

Feb 26, 2026 · 100% conf.

AI Prediction SELL

1D

-6.86%

$93.46

Act: +0.26%

5D

-17.03%

$83.27

Act: +1.43%

20D

-21.13%

$79.15

Price: $100.35 Prob +5D: 0% AUC: 1.000
0001628280-26-012246

duol-202602260001562088false00015620882026-02-262026-02-26

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 26, 2026

Duolingo, Inc. (Exact name of registrant as specified in its charter)

Delaware001-4065345-3055872 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification Number)

5900 Penn Avenue Pittsburgh, Pennsylvania 15206 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (412) 567-6602

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s) Name of each exchange on which registered Class A common stock, $0.0001 par value per shareDUOLThe Nasdaq Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 2.02 Results of Operations and Financial Condition

On February 26, 2026, Duolingo, Inc. (the “Company”) issued a press release announcing the financial results of the Company for the twelve months ended December 31, 2025. A copy of the press release is being furnished as Exhibit 99.1 attached hereto and is incorporated by reference herein.

In accordance with General Instruction B.2 of Form 8-K, the information in this Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 8.01 Other Events Duolingo’s Board of Directors has authorized a share repurchase program of up to $400 million. The program reflects the Company’s commitment to capital allocation, including returning capital to stockholders and managing dilution, while maintaining flexibility to invest in long-term growth. Repurchases under the program may be made from time to time in the open market, through privately negotiated transactions or otherwise. The actual timing, number and value of shares repurchased is subject to various factors such as market conditions, the Company’s capital and liquidity positions, contractual requirements and other considerations. The timing and amount of any repurchases will be determined at the Company’s discretion, and the program does not obligate the Company to acquire any particular amount of shares. The program has no expiration date and may be terminated, modified or discontinued at any time. Item 9.01 Financial Statements and Exhibits (d) Exhibits.

Exhibit No.Description

99.1Press Release dated February 26, 2026

99.2Shareholder Letter dated February 26, 2026

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

DUOLINGO, INC.

Date: February 26, 2026 By:/s/ Gillian Munson

Gillian Munson Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer)

2025
Q4

Q4 2025 Earnings

8-K SELL

Jan 12, 2026 · 100% conf.

AI Prediction SELL

1D

-6.86%

$93.46

Act: +0.26%

5D

-17.03%

$83.27

Act: +1.43%

20D

-21.13%

$79.15

Price: $100.35 Prob +5D: 0% AUC: 1.000
0001628280-26-001730

duol-202601080001562088false00015620882026-01-082026-01-08

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 8, 2026

Duolingo, Inc. (Exact name of registrant as specified in its charter)

Delaware001-4065345-3055872 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification Number)

5900 Penn Avenue Pittsburgh, Pennsylvania 15206 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (412) 567-6602

N/A (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s) Name of each exchange on which registered Class A common stock, $0.0001 par value per shareDUOLThe Nasdaq Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 2.02 Results of Operations and Financial Condition

On January 12, 2026, Duolingo, Inc. (the “Company”) issued a press release announcing a preliminary update on certain operating metrics for the three months ended December 31, 2025. These preliminary results are based on the Company’s current estimate of its results for the quarter ended December 31, 2025, and remain subject to change based on the completion of closing and review procedures and the execution of the Company’s internal controls over financial reporting. A copy of the press release is being furnished as Exhibit 99.1 attached hereto and is incorporated by reference herein.

The information in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 8, 2026, Matthew Skaruppa tendered his resignation as Chief Financial Officer ("CFO") of the Company effective with his successor’s commencement of service and, on January 8, 2026, the Board of Directors (the “Board”) of the Company appointed Gillian Munson as the Company’s Chief Financial Officer and as principal financial officer and principal accounting officer, effective as of February 23, 2026 (the “Effective Date”), succeeding Mr. Skaruppa in these positions as of the Effective Date. Mr. Skaruppa will continue to provide services to the Company under the Transition Agreement described below.

On January 8, 2026, Ms. Munson tendered her resignation as a director of the Company and from the Audit, Risk and Compliance Committee of the Board, subject to her appointment and effective with her commencement of service as Chief Financial Officer.

Neither Mr. Skaruppa nor Ms. Munson resigned because of any disagreements with the Company on any matter relating to the Company’s operations, policies or practices.

Ms. Munson, 55, served as the Chief Financial Officer of Vimeo from April 2022 to September 2025. Prior to this role, she was the Chief Financial Officer of Iora Health, Inc., a healthcare company, from January 2021 until the company’s sale in September 2021, subsequently acting as Special Advisor to the CFO of the acquiring company, One Medical. Ms. Munson was a Venture Partner at Union Square Ventures from April 2019 to July 2021 and served as CFO of XO Group Inc., the parent company of The Knot Inc., a media and technology company from 2013 to 2019. Ms. Munson’s previous positions include Managing Dire

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