Duolingo (DUOL)
Market Price (2/6/2026): $112.11 | Market Cap: $5.2 BilSector: Consumer Discretionary | Industry: Education Services
Duolingo (DUOL)
Market Price (2/6/2026): $112.11Market Cap: $5.2 BilSector: Consumer DiscretionaryIndustry: Education Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.3%, FCF Yield is 6.6% | Weak multi-year price returns2Y Excs Rtn is -76%, 3Y Excs Rtn is -47% | Expensive valuation multiplesP/SPrice/Sales ratio is 5.4x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 50x |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -20% | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 16% | Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 14% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 40% | Key risksDUOL key risks include [1] slowing user growth and rising acquisition costs, Show more. | |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 38%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 36% | ||
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -67% | ||
| Megatrend and thematic driversMegatrends include Cloud Computing, Artificial Intelligence, and Digital Content & Streaming. Themes include Software as a Service (SaaS), Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.3%, FCF Yield is 6.6% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -20% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 40% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 38%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 36% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -67% |
| Megatrend and thematic driversMegatrends include Cloud Computing, Artificial Intelligence, and Digital Content & Streaming. Themes include Software as a Service (SaaS), Show more. |
| Weak multi-year price returns2Y Excs Rtn is -76%, 3Y Excs Rtn is -47% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 16% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 5.4x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 50x |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 14% |
| Key risksDUOL key risks include [1] slowing user growth and rising acquisition costs, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Duolingo's Strategic Shift to Prioritize User Growth over Short-Term Monetization.
Duolingo announced a strategic reprioritization during its Q3 2025 earnings call (around November 5, 2025), emphasizing user engagement, acquisition, and retention, even at the expense of near-term monetization and bookings growth. CEO Luis von Ahn stated that growth would be slower into 2026 due to this focus on teaching quality and long-term daily active users (DAUs), which entails short-term tradeoffs, including lower bookings growth and margins. This shift was not well-received by Wall Street, contributing to investor concerns about future financial performance.
2. Decelerating Bookings Growth and Lowered Fiscal Year 2026 Guidance Expectations.
Following the strategic shift, concerns arose regarding a significant deceleration in bookings growth. Despite strong preliminary Q4 2025 results showing a 30% increase in daily active users and bookings meeting or slightly exceeding guidance, analysts, including Morgan Stanley and KeyBanc, expressed worry about Duolingo's initial fiscal year 2026 bookings guidance. Morgan Stanley, for instance, anticipated Duolingo to "reset expectations well below the street at +21% y/y" and cut its own fiscal year 2026 booking growth expectations from 18% to 15%, indicating a projected slowdown in revenue growth that negatively impacted the stock.
Show more
Stock Movement Drivers
Fundamental Drivers
The -57.8% change in DUOL stock from 10/31/2025 to 2/5/2026 was primarily driven by a -87.1% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2052026 | Change |
|---|---|---|---|
| Stock Price ($) | 270.64 | 114.34 | -57.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 885 | 964 | 8.9% |
| Net Income Margin (%) | 13.2% | 40.0% | 202.4% |
| P/E Multiple | 105.3 | 13.6 | -87.1% |
| Shares Outstanding (Mil) | 46 | 46 | -0.7% |
| Cumulative Contribution | -57.8% |
Market Drivers
10/31/2025 to 2/5/2026| Return | Correlation | |
|---|---|---|
| DUOL | -57.8% | |
| Market (SPY) | -0.7% | 30.9% |
| Sector (XLY) | -2.0% | 34.2% |
Fundamental Drivers
The -67.0% change in DUOL stock from 7/31/2025 to 2/5/2026 was primarily driven by a -91.6% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 2052026 | Change |
|---|---|---|---|
| Stock Price ($) | 346.55 | 114.34 | -67.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 811 | 964 | 18.9% |
| Net Income Margin (%) | 11.9% | 40.0% | 235.6% |
| P/E Multiple | 161.7 | 13.6 | -91.6% |
| Shares Outstanding (Mil) | 45 | 46 | -1.7% |
| Cumulative Contribution | -67.0% |
Market Drivers
7/31/2025 to 2/5/2026| Return | Correlation | |
|---|---|---|
| DUOL | -67.0% | |
| Market (SPY) | 7.5% | 25.5% |
| Sector (XLY) | 6.3% | 24.0% |
Fundamental Drivers
The -68.6% change in DUOL stock from 1/31/2025 to 2/5/2026 was primarily driven by a -92.6% change in the company's P/E Multiple.| (LTM values as of) | 1312025 | 2052026 | Change |
|---|---|---|---|
| Stock Price ($) | 363.99 | 114.34 | -68.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 689 | 964 | 39.9% |
| Net Income Margin (%) | 12.6% | 40.0% | 218.0% |
| P/E Multiple | 183.3 | 13.6 | -92.6% |
| Shares Outstanding (Mil) | 44 | 46 | -4.9% |
| Cumulative Contribution | -68.6% |
Market Drivers
1/31/2025 to 2/5/2026| Return | Correlation | |
|---|---|---|
| DUOL | -68.6% | |
| Market (SPY) | 13.6% | 41.1% |
| Sector (XLY) | 1.9% | 39.8% |
Fundamental Drivers
The 19.7% change in DUOL stock from 1/31/2023 to 2/5/2026 was primarily driven by a 184.7% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312023 | 2052026 | Change |
|---|---|---|---|
| Stock Price ($) | 95.49 | 114.34 | 19.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 339 | 964 | 184.7% |
| P/S Multiple | 11.2 | 5.4 | -51.4% |
| Shares Outstanding (Mil) | 40 | 46 | -13.5% |
| Cumulative Contribution | 19.7% |
Market Drivers
1/31/2023 to 2/5/2026| Return | Correlation | |
|---|---|---|
| DUOL | 19.7% | |
| Market (SPY) | 72.9% | 40.9% |
| Sector (XLY) | 61.8% | 39.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DUOL Return | -24% | -33% | 219% | 43% | -46% | -33% | -16% |
| Peers Return | -19% | -20% | 41% | -11% | -22% | -5% | -41% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 83% |
Monthly Win Rates [3] | |||||||
| DUOL Win Rate | 50% | 50% | 58% | 58% | 33% | 0% | |
| Peers Win Rate | 36% | 43% | 62% | 42% | 47% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| DUOL Max Drawdown | -31% | -41% | -0% | -30% | -48% | -33% | |
| Peers Max Drawdown | -36% | -41% | -22% | -47% | -36% | -14% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: COUR, UDMY, CHGG, LRN, ATGE.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/5/2026 (YTD)
How Low Can It Go
| Event | DUOL | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -68.9% | -25.4% |
| % Gain to Breakeven | 221.7% | 34.1% |
| Time to Breakeven | 547 days | 464 days |
Compare to COUR, UDMY, CHGG, LRN, ATGE
In The Past
Duolingo's stock fell -68.9% during the 2022 Inflation Shock from a high on 9/23/2021. A -68.9% loss requires a 221.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Duolingo (DUOL)
AI Analysis | Feedback
- Spotify for language learning
- Headspace or Calm for language learning
AI Analysis | Feedback
- Duolingo Language Learning App: The primary platform offering interactive lessons to learn various languages.
- Duolingo English Test (DET): A standardized online English proficiency assessment accepted by thousands of institutions worldwide.
- Duolingo Max: A premium subscription tier of the language learning app featuring AI-powered explanations and roleplay exercises.
- Duolingo ABC: An early literacy app designed to teach children to read and write.
- Duolingo Math: A mobile application providing interactive lessons to learn elementary and middle school mathematics.
- Duolingo for Schools: A complementary platform for educators to manage student progress and assignments within the Duolingo language learning app.
AI Analysis | Feedback
```htmlDuolingo (symbol: DUOL) primarily sells its language learning services and products to **individuals**, rather than other companies. Its major customers can be categorized as follows:
-
1. Free Learners
The vast majority of Duolingo's user base consists of individuals who use the core language learning app for free. These users generate revenue through advertising impressions and serve as a funnel for conversion to premium subscriptions.
-
2. Premium Subscribers (Duolingo Plus/Super)
This category includes individuals who pay a recurring subscription fee for Duolingo Plus (now Super Duolingo). Subscribers gain access to an ad-free experience, unlimited hearts, progress quizzes, Legendary levels, and other exclusive features, enhancing their learning journey.
-
3. Duolingo English Test (DET) Candidates
Individuals who pay a fee to take the Duolingo English Test (DET) constitute another significant customer category. The DET is an online English proficiency assessment accepted by thousands of universities and institutions worldwide for academic admissions and professional certification.
AI Analysis | Feedback
- Amazon Web Services (a subsidiary of Amazon.com, Inc. (AMZN))
- Apple Inc. (AAPL)
- Google LLC (a subsidiary of Alphabet Inc. (GOOGL))
AI Analysis | Feedback
```htmlLuis von Ahn
Co-founder, Chief Executive Officer & Board Chairman
Luis von Ahn is the Co-founder and CEO of Duolingo, Inc., defining and advancing the company's vision for accessible, world-class education. Before Duolingo, he co-invented CAPTCHA and reCAPTCHA, which were acquired by Google in 2009. He also sold a game he designed called "Games With a Purpose" in 2006. Von Ahn was a professor in the Computer Science Department at Carnegie Mellon University.
Matthew Skaruppa
Chief Financial Officer
Matthew Skaruppa has served as Chief Financial Officer for Duolingo since February 2020, managing global financial operations, strategy, and investor relations. He played a pivotal role in preparing the company for its IPO in July 2021. Prior to Duolingo, he was a Vice President at Goldman Sachs from January 2016 to February 2020, focusing on growing technology companies. He also spent five years as a Principal at KKR Capstone, where he partnered with management teams on value creation initiatives, and worked as a consultant at Bain & Company, assisting private equity firms with due diligence.
Severin Hacker
Co-founder, Chief Technology Officer & Board Director
Severin Hacker is Duolingo, Inc.'s CTO and Co-founder, leading the company's technological innovation and product development. He has been essential in integrating advanced machine learning, data analytics, and gamification into the product, ensuring personalized learning and global scalability. He co-founded Duolingo with Luis von Ahn in 2011.
Cem Kansu
Chief Product Officer
Cem Kansu is the Chief Product Officer at Duolingo, Inc., directing product management and innovation. He was crucial in building the highly successful freemium model, scaling annual revenues, and pioneering new AI-driven subscription offerings. Before Duolingo, he held product management roles at Google and Jawbone, leading successful product launches in the tech and consumer sectors.
Molly Lindsay
Chief People Officer
Molly Lindsay guides Duolingo, Inc.'s people and talent function, focusing on organizational strategy, diversity, and employee experience. She has played a significant role in scaling talent and culture as the company expanded, ensuring strategic alignment across teams and championing equity and inclusion.
AI Analysis | Feedback
The key risks to Duolingo's business are:1. Slowing User Growth and Rising User Acquisition Costs
Duolingo faces the risk of decelerating user growth, with some reports indicating a slowdown in daily and monthly active user numbers. This suggests the company may be approaching market saturation, leading to potential difficulties in acquiring new users. Consequently, Duolingo may incur higher customer acquisition costs to maintain its growth trajectory.
2. Intense Competition and AI Disruption
The EdTech sector is highly competitive, and Duolingo faces significant challenges from established players like Rosetta Stone and Babbel, as well as newer apps such as Busuu and Memrise. A prominent threat comes from emerging artificial intelligence (AI) competition, including large language models, which could offer more personalized and potentially cheaper learning experiences that directly challenge Duolingo's offerings. While Duolingo is investing in AI features like Duolingo Max, this also incurs higher generative AI costs, putting pressure on margins.
3. Reliance on Freemium Model and Valuation Pressure
Duolingo's business model heavily relies on converting its large free user base into paying subscribers. While the company has shown success in increasing its paid subscriber base, any slowdown in user growth or increased competitive pressure could impact its conversion rates and monetization strategy. This could, in turn, affect its revenue growth and put pressure on its premium valuation, which is highly dependent on sustaining rapid growth.
AI Analysis | Feedback
The rapid advancement and adoption of Generative AI and Large Language Models (LLMs) present a clear emerging threat to Duolingo.
LLMs are becoming exceptionally proficient in generating human-like conversation, explaining complex grammar concepts, and providing personalized feedback and adaptive learning experiences. This technology could enable new competitors, or existing major tech companies, to develop highly sophisticated and potentially free AI-powered language tutors that offer a more natural, immersive, and personalized learning environment than Duolingo's current gamified, structured lessons. Such disruptive offerings could significantly erode Duolingo's unique value proposition by providing superior conversational practice, highly individualized learning paths, and on-demand content generation that could make traditional app-based learning feel less dynamic and effective.
Furthermore, major tech players (such as Google, Apple, or Microsoft), who are heavily investing in LLMs, have the resources and distribution channels to integrate powerful AI language tutors directly into their operating systems, search engines, or other widely used platforms. This could effectively turn Duolingo's core service into a free feature of a broader ecosystem, diminishing the need for a standalone app.
AI Analysis | Feedback
Duolingo's main products and services primarily include language learning courses, the Duolingo English Test (DET), and recently expanded offerings in math, music, and chess.
The addressable markets for Duolingo's key offerings are as follows:
- Language Learning: The global language learning market is valued at $61 billion and is projected to grow to $115 billion by 2025. The online language learning segment, a significant niche for Duolingo, is expected to reach $47 billion by 2025. More broadly, Duolingo operates within a total addressable market of 2 billion language learners worldwide. The direct-to-consumer language learning market is estimated at $115 billion globally.
- Duolingo English Test (DET): The global English Proficiency Test market is projected to increase from $3.65 billion in 2024 to $7.49 billion by 2032.
- Math, Music, and Chess: While specific individual market sizes for these newer products are not separately quantified, Duolingo's expansion into these areas positions it within a broader education market. This larger market, encompassing digital learning and education technology, represents a total addressable market (TAM) of $220 billion globally. Furthermore, Duolingo is positioning itself to tap into the even larger $6 trillion annual global education spend.
AI Analysis | Feedback
Duolingo (DUOL) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
- Continued Growth in Paid Subscribers and User Monetization: Duolingo has demonstrated robust expansion in its user base and successful conversion of free users to paying subscribers. Paid users increased 34% year-on-year to 11.5 million in the third quarter of 2025. The company projects over 50 million daily active users and nearly $1.2 billion in bookings for the year, representing a 33% growth rate. Duolingo has also raised its annual revenue forecast, attributing this to the rapid growth in paid subscriptions.
- Expansion of AI-driven Premium Features and Products: The integration of artificial intelligence into Duolingo's premium offerings, particularly Duolingo Max, is a significant growth driver. Duolingo Max, which includes generative AI features, saw its bookings double year-over-year in Q3 2025 and accounts for 9% of total subscribers. The company's CEO has noted that Duolingo is one of the few companies successfully profiting from AI, which is being leveraged to enhance its educational products. New AI-powered features such as "Video Call" for realistic conversations and "Adventures," an immersive game-like experience, were introduced at Duocon 2024 to further engage users and build confidence.
- Expansion into New Content Verticals: Duolingo has successfully diversified its content beyond language learning. The chess course, for example, is highlighted as its fastest-growing course, exhibiting higher user retention than traditional language learning after several months. Furthermore, Duolingo has broadened its music education offerings through a partnership with Loog for a digital piano and the acquisition of NextBeat, a music gaming startup, which is expected to lead to the development of more music courses.
- International Expansion, particularly in Asia and Emerging Markets: Asia represents Duolingo's fastest-growing region, with China being the second-largest country by daily active users (DAUs), contributing 5-6% of the company's business. International expansion is explicitly identified as a key driver for future performance. The launch of 148 new AI-created courses, making popular non-English languages accessible across all 28 supported user interface languages, significantly expands learning opportunities for over a billion potential learners globally, especially in regions like Latin America and Europe, to meet the increasing demand for Asian languages.
AI Analysis | Feedback
Share Repurchases
- Duolingo has not reported any share repurchases over the last 3-5 years.
Share Issuance
- Duolingo conducted its Initial Public Offering (IPO) in 2021, raising approximately $521 million by selling 5.1 million shares.
- The fully diluted share count is projected to increase by about 1% in 2025.
- Stock-based compensation, which contributes to share issuance, amounted to $110.48 million in fiscal year 2024 and $124.36 million for the trailing twelve months ending June 30, 2025.
Inbound Investments
- There have been no significant large inbound investments by third-parties, such as strategic partners or private equity firms, publicly reported for Duolingo since its IPO in 2021.
Outbound Investments
- Duolingo acquired NextBeat in August 2025.
- The company acquired Hobbes in July 2024.
- Duolingo made an investment in SigIQ.ai in April 2025.
Capital Expenditures
- Capital expenditures were approximately $3.19 million in fiscal year 2023 and $12.12 million in fiscal year 2024.
- For the trailing twelve months ending June 30, 2025, capital expenditures were approximately $7.65 million.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Would You Still Hold Duolingo Stock If It Fell Another 30%? | 01/13/2026 | |
| Duolingo Earnings Notes | 12/29/2026 | |
| Is 24.3% Fall In Duolingo (DUOL) Stock A Buying Opportunity? | 10/31/2025 | |
| Is 21.5% Fall In Duolingo (DUOL) Stock A Buying Opportunity? | 10/30/2025 | |
| Is The 22.8% Decline In Duolingo (DUOL) Stock A Dip Buying Opportunity? | 09/16/2025 | |
| Is The 26.5% Decline In Duolingo (DUOL) Stock A Dip Buying Opportunity? | 09/09/2025 | |
| Is The 23.8% Decline In Duolingo (DUOL) Stock A Dip Buying Opportunity? | 08/30/2025 | |
| How Does Duolingo Stock Stack Up Against Its Peers? | 08/13/2025 | |
| ARTICLES | ||
| Stocks Trading At 52-Week Low | 01/31/2026 | |
| Is Duolingo Stock Built to Withstand More Downside? | 01/13/2026 | |
| Buy Duolingo Stock On This Dip? | 11/11/2025 | |
| Duolingo Stock To $186? | 10/31/2025 | |
| Duolingo Stock To $192? | 10/30/2025 |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 46.21 |
| Mkt Cap | 2.3 |
| Rev LTM | 880 |
| Op Inc LTM | 50 |
| FCF LTM | 141 |
| FCF 3Y Avg | 144 |
| CFO LTM | 185 |
| CFO 3Y Avg | 200 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.0% |
| Rev Chg 3Y Avg | 11.4% |
| Rev Chg Q | 8.9% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Mgn LTM | 5.2% |
| Op Mgn 3Y Avg | -3.5% |
| QoQ Delta Op Mgn LTM | 0.8% |
| CFO/Rev LTM | 13.4% |
| CFO/Rev 3Y Avg | 15.1% |
| FCF/Rev LTM | 11.0% |
| FCF/Rev 3Y Avg | 10.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.3 |
| P/S | 1.4 |
| P/EBIT | 9.4 |
| P/E | 5.3 |
| P/CFO | 8.6 |
| Total Yield | 3.2% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 5.4% |
| D/E | 0.1 |
| Net D/E | -0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -17.9% |
| 3M Rtn | -17.4% |
| 6M Rtn | -39.2% |
| 12M Rtn | -37.7% |
| 3Y Rtn | -23.5% |
| 1M Excs Rtn | -15.8% |
| 3M Excs Rtn | -19.3% |
| 6M Excs Rtn | -46.9% |
| 12M Excs Rtn | -49.9% |
| 3Y Excs Rtn | -88.2% |
Price Behavior
| Market Price | $114.34 | |
| Market Cap ($ Bil) | 5.3 | |
| First Trading Date | 07/28/2021 | |
| Distance from 52W High | -78.9% | |
| 50 Days | 200 Days | |
| DMA Price | $170.50 | $314.03 |
| DMA Trend | down | down |
| Distance from DMA | -32.9% | -63.6% |
| 3M | 1YR | |
| Volatility | 50.1% | 69.3% |
| Downside Capture | 332.06 | 215.38 |
| Upside Capture | 3.62 | 60.84 |
| Correlation (SPY) | 31.3% | 40.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.98 | 0.69 | 1.74 | 1.50 | 1.46 | 1.62 |
| Up Beta | 2.56 | -0.84 | -0.21 | -0.32 | 1.41 | 1.41 |
| Down Beta | -0.19 | 0.24 | 1.77 | 2.68 | 1.62 | 1.81 |
| Up Capture | -149% | -62% | -4% | -4% | 58% | 464% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 6 | 16 | 22 | 51 | 120 | 380 |
| Down Capture | 474% | 301% | 346% | 249% | 144% | 111% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 14 | 25 | 39 | 74 | 130 | 371 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DUOL | |
|---|---|---|---|---|
| DUOL | -70.5% | 69.3% | -1.48 | - |
| Sector ETF (XLY) | 2.1% | 24.3% | 0.03 | 39.7% |
| Equity (SPY) | 13.6% | 19.3% | 0.54 | 41.1% |
| Gold (GLD) | 69.7% | 24.7% | 2.11 | 0.9% |
| Commodities (DBC) | 7.1% | 16.6% | 0.24 | 18.4% |
| Real Estate (VNQ) | 4.4% | 16.5% | 0.09 | 26.7% |
| Bitcoin (BTCUSD) | -26.6% | 40.5% | -0.66 | 23.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DUOL | |
|---|---|---|---|---|
| DUOL | -3.8% | 66.8% | 0.21 | - |
| Sector ETF (XLY) | 8.6% | 23.8% | 0.32 | 43.2% |
| Equity (SPY) | 14.4% | 17.0% | 0.67 | 40.8% |
| Gold (GLD) | 20.8% | 16.9% | 1.01 | 3.3% |
| Commodities (DBC) | 11.7% | 18.9% | 0.50 | 11.4% |
| Real Estate (VNQ) | 5.2% | 18.8% | 0.18 | 27.1% |
| Bitcoin (BTCUSD) | 16.0% | 57.4% | 0.49 | 21.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DUOL | |
|---|---|---|---|---|
| DUOL | -1.9% | 66.8% | 0.21 | - |
| Sector ETF (XLY) | 13.6% | 21.9% | 0.57 | 43.2% |
| Equity (SPY) | 15.5% | 17.9% | 0.74 | 40.8% |
| Gold (GLD) | 15.4% | 15.5% | 0.83 | 3.3% |
| Commodities (DBC) | 7.9% | 17.6% | 0.37 | 11.4% |
| Real Estate (VNQ) | 6.0% | 20.7% | 0.26 | 27.1% |
| Bitcoin (BTCUSD) | 69.0% | 66.5% | 1.08 | 21.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/5/2025 | -25.5% | -28.2% | -20.0% |
| 8/6/2025 | 13.7% | -4.6% | -21.1% |
| 2/27/2025 | -17.0% | -27.4% | -16.2% |
| 11/6/2024 | -1.0% | 1.4% | 15.6% |
| 8/7/2024 | 10.9% | 22.1% | 29.0% |
| 5/8/2024 | -18.0% | -27.5% | -22.8% |
| 2/28/2024 | 22.2% | 8.6% | 12.8% |
| 11/8/2023 | 21.4% | 22.6% | 28.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 9 | 10 |
| # Negative | 6 | 8 | 7 |
| Median Positive | 10.9% | 12.8% | 26.6% |
| Median Negative | -15.2% | -11.4% | -20.0% |
| Max Positive | 34.0% | 36.3% | 50.9% |
| Max Negative | -25.5% | -28.2% | -35.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/13/2022 | 10-Q |
| 12/31/2021 | 03/04/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Hacker, Severin | Chief Tech Officer, Co-Founder | Direct | Sell | 11202025 | 172.74 | 10,000 | 1,727,441 | 12,438 | Form |
| 2 | Chen, Stephen C | General Counsel | Direct | Sell | 11192025 | 177.95 | 1,282 | 228,132 | 5,882,315 | Form |
| 3 | Chen, Stephen C | General Counsel | Direct | Sell | 11192025 | 175.87 | 1,514 | 266,265 | 5,547,246 | Form |
| 4 | Skaruppa, Matthew | Chief Financial Officer | Direct | Sell | 11192025 | 177.95 | 2,799 | 498,082 | 7,215,161 | Form |
| 5 | Skaruppa, Matthew | Chief Financial Officer | Direct | Sell | 11192025 | 175.76 | 3,059 | 537,643 | 6,588,628 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.