Shares Outstanding for Duolingo (DUOL)
According to Duolingo's latest reported financial statements, the company's latest reported diluted shares outstanding is 46.63M. 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 .
DUOL
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Latest period
46.63M
YoY change
+2.6%
5Y CAGR
+6.1%
Peak year (2025)
48.31M
Latest annual
48.31M
Shares Outstanding history chart for Duolingo (DUOL) from 2019 to 2025
Shares Outstanding history table for Duolingo (DUOL) from 2019 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 48.31M | +2.6% | ||
| 2024 | 47.10M | +1.2% | ||
| 2023 | 46.52M | +17.9% | ||
| 2022 | 39.47M | +3.1% | ||
| 2021 | 38.27M | +6.6% | ||
| 2020 | 35.89M | 0.0% | ||
| 2019 | 35.89M | — |
Shares Outstanding values are taken from Duolingo's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
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.
Within Technology, Duolingo (DUOL) ranks 9th among 8 peers we track. The peer median for diluted shares outstanding is 5.02B.
Duolingo Shares Outstanding by Year
Duolingo Shares Outstanding 2025: 48.31M
Duolingo diluted shares outstanding in 2025 was 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
Duolingo diluted shares outstanding in 2023 was 46.52M, grew 17.9% from 2022.
Duolingo Shares Outstanding 2022: 39.47M
Duolingo diluted shares outstanding in 2022 was 39.47M, 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 — Shares Outstanding
Companies in the same sector as Duolingo, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| NVIDIA Corporation (NVDA) | 24.43B | Technology |
| Apple Inc. (AAPL) | 15.00B | Technology |
| Microsoft Corporation (MSFT) | 7.46B | Technology |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | 5.19B | Technology |
| Broadcom Inc. (AVGO) | 4.85B | Technology |
| Advanced Micro Devices, Inc. (AMD) | 1.64B | Technology |
| Micron Technology, Inc. (MU) | 1.13B | Technology |
| ASML Holding N.V. (ASML) | 388.90M | Technology |
Frequently asked questions
What is Duolingo's diluted shares outstanding?
- Latest reported diluted shares outstanding for Duolingo (DUOL) is 46.63M (period ending December 31, 2025).
How has Duolingo diluted shares outstanding changed year-over-year?
- Duolingo (DUOL) diluted shares outstanding changed +2.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Duolingo diluted shares outstanding?
- Duolingo (DUOL) diluted shares outstanding compound annual growth rate is +6.1% over the most recent 5 years available.
When did Duolingo diluted shares outstanding hit its highest annual value?
- Duolingo diluted shares outstanding reached its highest annual value of 48.31M in 2025.
What was Duolingo diluted shares outstanding in 2024?
- Duolingo (DUOL) diluted shares outstanding in 2024 was 47.10M.
What was Duolingo diluted shares outstanding in 2025?
- Duolingo (DUOL) diluted shares outstanding in 2025 was 48.31M.
Metrics overview
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