Duolingo, Inc. (DUOL) reported second-quarter 2026 revenue of $298.5 million, up 18.3% from a year earlier, as the language-learning platform continued to post solid top-line growth.
Gross profit rose to $216.7 million, while operating profit came in at $33.9 million. Net income attributable to common shareholders was $33.2 million, and diluted earnings per share were $0.66.
The company generated $88.3 million in cash from operating activities during the quarter. It ended the period with $1.2 billion in cash and cash equivalents, while total liabilities were $664.2 million.
- Revenue: $298.5 million, up 18.3% year over year
- Gross profit: $216.7 million, up 18.7%
- Operating profit: $33.9 million, up 1.7%
- Net income: $33.2 million, down 26.0%
- Diluted EPS: $0.66, down 27.5%
The results came in slightly below the revenue estimate of $301.5 million. Shares fell 11.14% after the market close.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Duolingo, Inc. Insider Trading Activity
Duolingo, Inc. insiders have traded $DUOL stock on the open market 24 times in the past 6 months. Of those trades, 1 have been purchases and 23 have been sales.
Here’s a breakdown of recent trading of $DUOL stock by insiders over the last 6 months:
- NATALIE GLANCE (Chief Engineering Officer) has made 0 purchases and 8 sales selling 10,575 shares for an estimated $1,192,030.
- MATTHEW SKARUPPA (Chief Financial Officer) has made 0 purchases and 5 sales selling 5,856 shares for an estimated $658,304.
- STEPHEN C. CHEN (General Counsel) has made 0 purchases and 8 sales selling 5,594 shares for an estimated $630,500.
- JAMES H SHELTON purchased 5,000 shares for an estimated $498,792
- ROBERT MEESE (Chief Business Officer) has made 0 purchases and 2 sales selling 2,420 shares for an estimated $269,327.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
Duolingo, Inc. Hedge Fund Activity
We have seen 220 institutional investors add shares of Duolingo, Inc. stock to their portfolio, and 253 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL WORLD INVESTORS removed 2,241,378 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $220,932,629
- FMR LLC removed 1,547,147 shares (-58.6%) from their portfolio in Q1 2026, for an estimated $152,502,279
- TWO SIGMA INVESTMENTS, LP added 1,213,158 shares (+665.2%) to their portfolio in Q1 2026, for an estimated $119,580,984
- FEDERATED HERMES, INC. added 1,164,808 shares (+1320.4%) to their portfolio in Q1 2026, for an estimated $114,815,124
- DRAGONEER INVESTMENT GROUP, LLC removed 1,159,887 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $114,330,061
- FIL LTD added 1,125,259 shares (+226.2%) to their portfolio in Q1 2026, for an estimated $110,916,779
- BANK OF AMERICA CORP /DE/ added 1,114,315 shares (+511.2%) to their portfolio in Q1 2026, for an estimated $109,838,029
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Duolingo, Inc. Price Targets
Multiple analysts have issued price targets for $DUOL recently. We have seen 10 analysts offer price targets for $DUOL in the last 6 months, with a median target of $100.5.
Here are some recent targets:
- Alec Brondolo from Wells Fargo set a target price of $82.0 on 07/07/2026
- Wyatt Swanson from DA Davidson set a target price of $120.0 on 06/29/2026
- Ryan MacDonald from Needham set a target price of $145.0 on 05/05/2026
- Mark Mahaney from Evercore ISI Group set a target price of $97.0 on 05/05/2026
- Nathan Feather from Morgan Stanley set a target price of $95.0 on 05/05/2026
- Bryan Smilek from JP Morgan set a target price of $94.0 on 05/05/2026
- Mario Lu from Barclays set a target price of $110.0 on 03/02/2026
