Duolingo (DUOL) Set to Post Quarterly Earnings on Tuesday

Key Points

• Duolingo is expected to report Q3 2026 results after Tuesday’s market close, with analysts forecasting $0.5690 in EPS and $303.22 million in revenue. The company’s previous quarter exceeded consensus estimates, reporting $0.66 EPS and $298.45 million in revenue.
• Management’s shift away from aggressive monetization could support user growth and its goal of 100 million daily active users by 2028, but may cost more than $50 million in 2026 bookings and weigh on near-term revenue growth.
• Investor sentiment remains cautious: shares opened at $138.60, while analysts have a consensus “Hold” rating and a $127.19 target price. Insiders sold approximately $37.7 million of stock last quarter, and a securities class-action campaign adds legal and reputational risk.

Duolingo (NASDAQ:DUOL - Get Free Report) is expected to be posting its Q3 2026 results after the market closes on Tuesday, November 3rd. Analysts expect the company to announce earnings of $0.5690 per share and revenue of $303.22 million for the quarter. Individuals may visit the company's upcoming Q3 2026 earnings report for the latest details on the call scheduled for Tuesday, November 3, 2026 at 5:00 PM ET.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.06. The firm had revenue of $298.45 million during the quarter, compared to analysts' expectations of $295.58 million. Duolingo had a net margin of 35.88% and a return on equity of 12.10%. The firm's revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.91 EPS. On average, analysts expect Duolingo to post $2.62 EPS for the current fiscal year and $3.11 EPS for the next fiscal year.

Duolingo Stock Down 3.1%

Shares of NASDAQ DUOL opened at $138.60 on Tuesday. Duolingo has a 1 year low of $87.89 and a 1 year high of $318.84. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.72 and a quick ratio of 2.72. The company has a market cap of $6.49 billion, a P/E ratio of 16.42, a PEG ratio of 1.17 and a beta of 1.05. The firm has a 50-day simple moving average of $145.61 and a two-hundred day simple moving average of $125.11.

Insider Activity at Duolingo

In other Duolingo news, Director William Gordon sold 10,000 shares of the company's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $145.67, for a total transaction of $1,456,700.00. Following the completion of the transaction, the director directly owned 68,415 shares in the company, valued at approximately $9,966,013.05. This represents a 12.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stephen Chen sold 8,072 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $149.33, for a total transaction of $1,205,391.76. Following the transaction, the general counsel directly owned 43,769 shares in the company, valued at approximately $6,536,024.77. The trade was a 15.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 250,740 shares of company stock worth $37,685,893 in the last quarter. 16.62% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

DUOL has been the subject of several research analyst reports. Weiss Ratings raised shares of Duolingo from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. The Goldman Sachs Group boosted their price objective on shares of Duolingo from $114.00 to $135.00 and gave the stock a "neutral" rating in a research note on Monday. Morgan Stanley reiterated a "neutral" rating and issued a $140.00 price target on shares of Duolingo in a research note on Friday, October 9th. Bank of America downgraded shares of Duolingo from a "neutral" rating to an "underperform" rating and lowered their price objective for the stock from $103.00 to $93.00 in a research note on Tuesday, August 4th. Finally, Scotiabank set a $120.00 target price on Duolingo in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Duolingo currently has a consensus rating of "Hold" and a consensus target price of $127.19.

Key Headlines Impacting Duolingo

Here are the key news stories impacting Duolingo this week:

• Positive Sentiment: A bullish analysis argues that Duolingo’s decision to reduce monetization friction could support stronger user growth and improve the company’s long-term opportunity. Management is targeting 100 million daily active users by 2028, while daily active-user growth reportedly reaccelerated in the first half of 2026. Duolingo: The 2027 Bull Case Is Hidden In The Monetization Switch
• Neutral Sentiment: Recent consumer-focused coverage highlighted continued engagement with Duolingo’s language-learning product and a marketing stunt involving Apple’s iPhone. These items may support brand visibility but provide limited direct evidence of near-term financial performance.
• Neutral Sentiment: A market-data report cited zero reported short interest as of October 26, but that figure may reflect a reporting or data issue and offers little actionable insight into investor positioning. Duolingo Stock Dips While Market Gains: Key Facts
• Negative Sentiment: Several law firms publicized a securities class action against Duolingo covering investors who purchased Class A shares from May 2, 2025, through February 26, 2026. The complaints allege that the company made misleading statements or omissions about product quality, monetization, and the sustainability of its growth. The allegations have not been proven, but the legal campaign creates reputational, financial, and headline risk. Investors have until December 7, 2026, to seek appointment as lead plaintiff. Kaplan Fox Duolingo Class Action Notice
• Negative Sentiment: The central investor concern is that Duolingo’s earlier push to increase monetization boosted bookings but slowed daily-user growth. Management’s subsequent reversal may require sacrificing more than $50 million in 2026 bookings, raising questions about near-term revenue growth and the trade-off between user expansion and monetization.

Duolingo Company Profile

Duolingo, Inc develops technology-based learning products designed to make education accessible and engaging. Its flagship Duolingo mobile and web platform offers gamified courses in languages including Spanish, English, French, German and Japanese, among others. Lessons incorporate interactive exercises, personalized practice and achievement-based features intended to support regular learning.

The company also operates the Duolingo English Test, an online English-proficiency assessment that can be taken remotely and is accepted by educational institutions and other organizations.

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