New York, February 14, 2026, 19:13 EST — Market closed.
Duolingo, Inc. (DUOL) finished Friday at $112.57, a modest 0.46% gain. Shares on the Nasdaq moved from $110.19 up to $115.99 during the session. In after-hours, the stock ticked up to $112.89. It’s still sitting roughly 74% lower compared to its level a year back.
U.S. stock markets are shuttered Monday for Presidents Day, which delays trading until Tuesday. For DUOL, that means a brief breather ahead of several company events scheduled for later this month. Investors are still debating the same core issue: whether rising user numbers or immediate cash flow should take priority.
Back in January, Duolingo announced CFO Matt Skaruppa would exit his position on Feb. 23, shifting to an advisory role, while board member Gillian Munson steps in. That same update pointed to fourth-quarter bookings between $329.5 million and $335.5 million, with daily active users climbing roughly 30%.
DUOL caught a bid on Friday, with traders gravitating toward smaller, higher-beta stocks. The Russell 2000 ETF picked up 1.3%, ARK Innovation jumped 2.7%. The Nasdaq 100 ETF managed a modest 0.2% gain. Coursera and Udemy each advanced roughly 2%, while Chegg ticked up as well.
In a company statement, chief executive Luis von Ahn expressed gratitude to Skaruppa for his service, adding that Munson offers a “deep understanding of Duolingo.” Munson described stepping into the position as “an easy yes.” Von Ahn also noted that the company intends to keep investing “even when it involves near-term tradeoffs.” SEC
Back in November, Duolingo put bookings front and center, projecting fourth-quarter numbers that missed what Wall Street wanted. The company cited its push for more users and better teaching as the reasons. Shares slid roughly 20% after hours on the news.
At subscription firms, bookings tend to outpace revenue, since clients usually pay in advance, but accounting standards require the revenue to be recognized gradually. For investors, bookings offer a quicker glimpse into demand and renewal momentum.
The signal isn’t always straightforward. If results miss, or if management talks up higher costs, questions about Duolingo’s path from user activity to profit could resurface fast.
Duolingo will post its fourth-quarter and full-year 2025 earnings after U.S. markets close on Feb. 26. The company’s webcast kicks off at 5:30 p.m. ET.
