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How to buy Duolingo (DUOL) stock

Duolingo is publicly traded. Here's how to buy in.

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How to buy shares in Duolingo

Before you can invest in Duolingo, you'll need to open a brokerage account.

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – DUOL – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.

Duolingo’s balance sheet

Duolingo is the most popular language learning app with more than 500 million downloads on both Android and iOS. It also has over 40 million monthly active users.

Here’s how the company’s financials have grown over the past two years:

As of December 31, 2019As of December 31, 2020
Duolingo revenue$70.8 million$161.7 million
Duolingo net income (loss)($13.6 million)($15.8 million)

Now let’s take a look at Duolingo’s balance sheet for Q1 2020 compared to Q1 2021:

Three months ended March 31, 2020Three months ended March 31, 2021
Duolingo revenue$28.1 million$55.4 million
Duolingo net loss$2.2 million$13.5 million

Duolingo’s Q1 2021 net loss is due to investments in data analytics and product innovation, which is what you want to see in a growth company.

How do similar companies perform?

It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like Duolingo can be useful in determining how the market is performing and whether now is a good time to invest in this industry. Select a company to learn more about what they do and how their stock performs, including market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

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