Duolingo, Inc. (DUOL) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: May 02, 2025

Risk Assessment Details

Potential Dilution: 14.96% of current shares
Recent Dilution: 4.81% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
39M
Potential Supply
5.9M
Additional shares possible
Splits
None
Past 2 years

Summary

DUOL currently has 39.3M outstanding shares. with limited dilution risk as only 5.87M additional shares (15.0%) are authorized for issuance. The company has minimally diluted shareholders by 4.81% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 02, 2025

10-Q filing | 39.3M shares outstanding

39M 5.9M
Feb 28, 2025

10-K filing | 39.0M shares outstanding

39M 5.9M
Nov 07, 2024

10-Q filing | 37.9M shares outstanding

38M 5.9M
Aug 08, 2024

10-Q filing | 37.4M shares outstanding

37M 5.9M
May 09, 2024

10-Q filing | 37.0M shares outstanding

37M 5.9M
Feb 29, 2024

10-K filing | 36.7M shares outstanding

37M 5.9M
Nov 09, 2023

10-Q filing | 35.8M shares outstanding

36M 5.9M
Aug 09, 2023

10-Q filing | 35.4M shares outstanding

35M 5.9M
May 10, 2023

10-Q filing | 34.7M shares outstanding

35M 5.9M
Mar 01, 2023

10-K filing | 32.2M shares outstanding

32M 5.9M
Nov 14, 2022

10-Q filing | 31.3M shares outstanding

31M 5.9M
Aug 05, 2022

10-Q filing | 30.6M shares outstanding

31M 5.9M
May 13, 2022

10-Q filing | 27.6M shares outstanding

28M 5.9M
Mar 04, 2022

10-K filing | 23.4M shares outstanding

23M 5.9M
Nov 12, 2021

10-Q filing | 15.8M shares outstanding

16M 5.9M
Nov 10, 2021

8-K filing: Approximately 11 million shares of Duolingo, Inc.'s Class A common stock will become eligible for sale in the public market on November 15, 2021, due to the satisfaction of early release conditions in lock-up agreements related to the company's IPO.

13M 5.9M
Aug 12, 2021

10-Q filing | 13.2M shares outstanding

13M 5.9M
Jul 26, 2021

S-1/A filing: This S-1/A filing is for an offering of Class A common stock by the company and selling stockholders, with an option for underwriters to purchase additional shares. The principal purposes of this offering are to increase our capitalization and financial flexibility and to create a public market for our Class A common stock.

6.2M 5.9M
Jul 19, 2021

S-1/A filing: This S-1/A filing outlines the initial public offering of Class A common stock, detailing the shares offered by the company and selling stockholders, options for additional shares, and the intended use of proceeds for general corporate purposes.

6.2M 5.9M
Jun 28, 2021

S-1 filing: This S-1 filing outlines an initial public offering of Class A common stock, with additional shares potentially offered by selling stockholders and an option for underwriters to purchase more. The company intends to use the net proceeds for general corporate purposes.

32M 0
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