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Shares Outstanding for Duolingo (DUOL)

As of · Reported

Metric

Latest period

48.99M

YoY change

+2.6%

5Y CAGR

+6.1%

Peak year (2025)

48.31M

Shares Outstanding history chart for Duolingo (DUOL) from 2019 to 2025

Latest: 48.31M

Shares Outstanding growth chart for Duolingo (DUOL) from 2019 to 2025

Latest: +2.6%

Shares Outstanding history table for Duolingo (DUOL) from 2019 to 2025

  • 202548.31M+2.6%
  • 202447.10M+1.2%
  • 202346.52M+17.9%
  • 202239.47M+3.1%
  • 202138.27M+6.6%
  • 202035.89M0.0%
  • 201935.89M—

Shares Outstanding values are taken from Duolingo's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Shares Outstanding at Duolingo (DUOL)

According to Duolingo's latest reported financial statements, the company's latest reported diluted shares outstanding is 48.99M. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

As of the 2025 fiscal year, Duolingo (DUOL) reported diluted shares outstanding of 48.31M – edged up 2.6% year-over-year.

Across 2020–2025 (5 years), Duolingo diluted shares outstanding produced a CAGR of +6.1% – sustaining 5 straight years of year-over-year growth.

Across the available history, diluted shares outstanding reached its high of 48.31M in 2025 and its low of 35.89M in 2019.

Duolingo Shares Outstanding by Year

Duolingo Shares Outstanding 2025: 48.31M

In 2025, Duolingo reported diluted shares outstanding of 48.31M, edged up 2.6% from 2024. This figure represents the highest annual value in the available history.

Duolingo Shares Outstanding 2024: 47.10M

Duolingo diluted shares outstanding in 2024 was 47.10M, edged up 1.2% from 2023.

Duolingo Shares Outstanding 2023: 46.52M

2023's diluted shares outstanding for Duolingo came in at 46.52M, grew 17.9% from 2022.

Duolingo Shares Outstanding 2022: 39.47M

Duolingo posted diluted shares outstanding of 39.47M in 2022, edged up 3.1% from 2021.

Duolingo Shares Outstanding 2021: 38.27M

Duolingo diluted shares outstanding in 2021 was 38.27M.

See more financial history for Duolingo (DUOL).

Sector peers by Shares Outstanding

Technology peers of Duolingo (DUOL), ranked by their latest diluted shares outstanding

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