Duolingo (DUOL) seasonality heatmap
Returns across monthly, quarterly, and yearly periods. Cell color encodes signed magnitude; the scale auto-fits each table.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -23.6% | -24.7% | -2.4% | +11.7% | +1.1% | +10.1% | — | — | — | — | — | — |
| 2025 | +12.3% | -14.3% | -0.5% | +25.4% | +33.4% | -21.1% | -15.5% | -14.0% | +8.1% | -15.9% | -29.3% | -8.3% |
| 2024 | -21.1% | +33.6% | -7.7% | +2.3% | -15.2% | +9.0% | -17.6% | +23.6% | +32.7% | +3.9% | +18.9% | -6.9% |
| 2023 | +34.2% | -4.9% | +57.1% | -4.5% | +9.8% | -4.4% | +8.6% | -5.2% | +12.7% | -11.9% | +45.4% | +6.9% |
| 2022 | -5.7% | -13.7% | +10.2% | -9.1% | -3.3% | +4.7% | +4.8% | +2.5% | +1.3% | -14.1% | -14.9% | +2.1% |
| 2021 | — | — | — | — | — | — | — | -7.6% | +28.4% | +4.4% | -36.6% | -3.7% |
| Avg | -0.8% | -4.8% | +11.3% | +5.2% | +5.2% | -2.9% | -4.9% | -0.1% | +16.6% | -6.7% | -3.3% | -2.0% |
| Median | -5.7% | -13.7% | -0.5% | +2.3% | +1.1% | +0.1% | -5.3% | -5.2% | +12.7% | -11.9% | -14.9% | -3.7% |
| Last 5Y Avg | -0.8% | -4.8% | +11.3% | +5.2% | +5.2% | -2.9% | -4.9% | -0.1% | +16.6% | -6.7% | -3.3% | -2.0% |
| Std Dev (σ) | 24.3% | 22.6% | 26.4% | 13.8% | 18.2% | 13.3% | 13.5% | 14.5% | 13.4% | 10.0% | 34.5% | 6.4% |
| Consistency (μ/σ) | -0.03 | -0.21 | 0.43 | 0.38 | 0.28 | -0.22 | -0.36 | -0.01 | 1.24 | -0.67 | -0.10 | -0.31 |
| Win Rate (%) | 40% | 20% | 40% | 60% | 60% | 50% | 50% | 40% | 100% | 40% | 40% | 40% |
| Winning / Losing Months | ▲2▼3 | ▲1▼4 | ▲2▼3 | ▲3▼2 | ▲3▼2 | ▲2▼2 | ▲2▼2 | ▲2▼3 | ▲5▼0 | ▲2▼3 | ▲2▼3 | ▲2▼3 |
| Longest Win / Loss Streak | ▲1▼1 | ▲1▼2 | ▲2▼3 | ▲3▼2 | ▲2▼1 | ▲1▼1 | ▲2▼2 | ▲1▼1 | ▲5▼0 | ▲1▼2 | ▲2▼2 | ▲2▼2 |
| Best | +34.2%in January 2023 | +33.6%in February 2024 | +57.1%in March 2023 | +25.4%in April 2025 | +33.4%in May 2025 | +9.0%in June 2024 | +8.6%in July 2023 | +23.6%in August 2024 | +32.7%in September 2024 | +4.4%in October 2021 | +45.4%in November 2023 | +6.9%in December 2023 |
| Worst | -23.6%in January 2026 | -24.7%in February 2026 | -7.7%in March 2024 | -9.1%in April 2022 | -15.2%in May 2024 | -21.1%in June 2025 | -17.6%in July 2024 | -14.0%in August 2025 | +1.3%in September 2022 | -15.9%in October 2025 | -36.6%in November 2021 | -8.3%in December 2025 |
−36.6%+57.1%
2026
Jan-23.6%
Feb-24.7%
Mar-2.4%
Apr+11.7%
May+1.1%
Jun+10.1%
Jul—
Aug—
Sep—
Oct—
Nov—
Dec—
2025
Jan+12.3%
Feb-14.3%
Mar-0.5%
Apr+25.4%
May+33.4%
Jun-21.1%
Jul-15.5%
Aug-14.0%
Sep+8.1%
Oct-15.9%
Nov-29.3%
Dec-8.3%
2024
Jan-21.1%
Feb+33.6%
Mar-7.7%
Apr+2.3%
May-15.2%
Jun+9.0%
Jul-17.6%
Aug+23.6%
Sep+32.7%
Oct+3.9%
Nov+18.9%
Dec-6.9%
2023
Jan+34.2%
Feb-4.9%
Mar+57.1%
Apr-4.5%
May+9.8%
Jun-4.4%
Jul+8.6%
Aug-5.2%
Sep+12.7%
Oct-11.9%
Nov+45.4%
Dec+6.9%
2022
Jan-5.7%
Feb-13.7%
Mar+10.2%
Apr-9.1%
May-3.3%
Jun+4.7%
Jul+4.8%
Aug+2.5%
Sep+1.3%
Oct-14.1%
Nov-14.9%
Dec+2.1%
2021
Jan—
Feb—
Mar—
Apr—
May—
Jun—
Jul—
Aug-7.6%
Sep+28.4%
Oct+4.4%
Nov-36.6%
Dec-3.7%
Avg
Jan-0.8%
Feb-4.8%
Mar+11.3%
Apr+5.2%
May+5.2%
Jun-2.9%
Jul-4.9%
Aug-0.1%
Sep+16.6%
Oct-6.7%
Nov-3.3%
Dec-2.0%
Median
Jan-5.7%
Feb-13.7%
Mar-0.5%
Apr+2.3%
May+1.1%
Jun+0.1%
Jul-5.3%
Aug-5.2%
Sep+12.7%
Oct-11.9%
Nov-14.9%
Dec-3.7%
Last 5Y Avg
Jan-0.8%
Feb-4.8%
Mar+11.3%
Apr+5.2%
May+5.2%
Jun-2.9%
Jul-4.9%
Aug-0.1%
Sep+16.6%
Oct-6.7%
Nov-3.3%
Dec-2.0%
Std Dev (σ)
Jan24.3%
Feb22.6%
Mar26.4%
Apr13.8%
May18.2%
Jun13.3%
Jul13.5%
Aug14.5%
Sep13.4%
Oct10.0%
Nov34.5%
Dec6.4%
Consistency (μ/σ)
Jan-0.03
Feb-0.21
Mar0.43
Apr0.38
May0.28
Jun-0.22
Jul-0.36
Aug-0.01
Sep1.24
Oct-0.67
Nov-0.10
Dec-0.31
Win Rate (%)
Jan40%
Feb20%
Mar40%
Apr60%
May60%
Jun50%
Jul50%
Aug40%
Sep100%
Oct40%
Nov40%
Dec40%
Winning / Losing Months
Jan▲2▼3
Feb▲1▼4
Mar▲2▼3
Apr▲3▼2
May▲3▼2
Jun▲2▼2
Jul▲2▼2
Aug▲2▼3
Sep▲5▼0
Oct▲2▼3
Nov▲2▼3
Dec▲2▼3
Longest Win / Loss Streak
Jan▲1▼1
Feb▲1▼2
Mar▲2▼3
Apr▲3▼2
May▲2▼1
Jun▲1▼1
Jul▲2▼2
Aug▲1▼1
Sep▲5▼0
Oct▲1▼2
Nov▲2▼2
Dec▲2▼2
Best
Jan+34.2%2023
Feb+33.6%2024
Mar+57.1%2023
Apr+25.4%2025
May+33.4%2025
Jun+9.0%2024
Jul+8.6%2023
Aug+23.6%2024
Sep+32.7%2024
Oct+4.4%2021
Nov+45.4%2023
Dec+6.9%2023
Worst
Jan-23.6%2026
Feb-24.7%2026
Mar-7.7%2024
Apr-9.1%2022
May-15.2%2024
Jun-21.1%2025
Jul-17.6%2024
Aug-14.0%2025
Sep+1.3%2022
Oct-15.9%2025
Nov-36.6%2021
Dec-8.3%2025
−36.6%+57.1%
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