Latest period
49M
YoY change
+2.6%
5Y CAGR
+6.1%
Peak year (FY2025)
48.3M
Latest annual
48.3M
Shares Outstanding history chart for Duolingo (DUOL) from 2019 to 2025
Latest: 48.3M
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
| FY2025 | 48.3M | +2.6% | +1.21M | ||
| FY2024 | 47.1M | +1.2% | +579K | ||
| FY2023 | 46.5M | +17.9% | +7.05M | ||
| FY2022 | 39.5M | +3.1% | +1.2M | ||
| FY2021 | 38.3M | +6.6% | +2.38M | ||
| FY2020 | 35.9M | 0.0% | 0 | ||
| FY2019 | 35.9M | — | — |
- FY202548.3M+2.6%
- FY202447.1M+1.2%
- FY202346.5M+17.9%
- FY202239.5M+3.1%
- FY202138.3M+6.6%
- FY202035.9M0.0%
- FY201935.9M—
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 49M. 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 48.3M – 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 48.3M in 2025 and its low of 35.9M in 2019.
Duolingo Shares Outstanding by Year
Duolingo Shares Outstanding 2025: 48.3M
In 2025, Duolingo reported diluted shares outstanding of 48.3M, edged up 2.6% from 2024. This figure represents the highest annual value in the available history.
Duolingo Shares Outstanding 2024: 47.1M
Duolingo diluted shares outstanding in 2024 was 47.1M, edged up 1.2% from 2023.
Duolingo Shares Outstanding 2023: 46.5M
2023's diluted shares outstanding for Duolingo came in at 46.5M, grew 17.9% from 2022.
Duolingo Shares Outstanding 2022: 39.5M
Duolingo posted diluted shares outstanding of 39.5M in 2022, edged up 3.1% from 2021.
Duolingo Shares Outstanding 2021: 38.3M
Duolingo diluted shares outstanding in 2021 was 38.3M.
See more financial history for Duolingo (DUOL).
Sector peers by Shares Outstanding
Technology peers of Duolingo (DUOL), ranked by their latest diluted shares outstanding
| 24.5B | |
| 15B | |
| 7.45B | |
| 7.06B | |
| 5.19B | |
| 4.85B | |
| 1.64B | |
| 1.13B |
- 24.5B
- 15B
- 7.45B
- 7.06B
- 5.19B
- 4.85B
- 1.64B
Frequently asked questions
Duolingo (DUOL) Key Financials
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How this company returns cash to shareholders — buybacks, dividends, and stock splits.