Duolingo, Inc.
DUOL · Technology · FY2025 filings · Wide moat
On the watchlist
The four filters
Pricing power100
Median gross margin 72.6% over 6y, very stable.
Returns on capital100
Median ROIC 91.7%, above the 9% hurdle in 100% of years.
Balance-sheet safety100
Net cash position — no leverage risk.
Capital discipline44
Owner earnings trend unclear, share count n/a.
Margin of safety
Above valueOn sale
- Owner earnings (normalized)
- $20.0M
- Est. intrinsic value / share
- —
- Recent price
- $133.18
- Discount to value
- No price data
Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).
Moat Score history
Score history begins 2026-07-17. Check back as the record builds.
Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.