What is Duolingo's number of exercisable options?

Duolingo (DUOL) reported number of exercisable options of 669K in Q1 2026.

How has Duolingo's number of exercisable options changed year-over-year?

Duolingo's number of exercisable options decreased by 46.4% year-over-year, from 1.2M to 669K.

What does number of exercisable options mean?

The number of share-based payment options that have met all vesting requirements and are currently eligible for exercise by the holders. This represents the portion of the equity incentive pool that could be converted into common stock immediately. It is a critical component for calculating fully diluted share counts.

Duolingo DUOL Number of Exercisable Options

Number of Exercisable Options at other companies

STU

StubHub Holdings, Inc.STUB

5.4M—

Ondas, Inc. ONDS

4.5M+59.2%

GenpactG

4.7M—

Axalta Coating SystemsAXTA

100K-50.0%

Flagstar Bank FLG

6.7M+122%

DuolingoDUOL

669K-46.4%

Other financials

Income statement

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Revenue$292.0M+26.5%

Gross profit$213.1M+29.9%

Operating income$44.5M+88.7%

Net income$43.5M+23.7%

EPS (diluted)$0.89+23.6%

Balance sheet

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Cash & equivalents$171.2M+113%

Total debt$91.9M+68.5%

Total equity$1.4B+55.7%

Total assets$2.1B+46.7%

Cash flow

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Operating cash flow$150.8M+42.7%

CapEx$132.0K-89.9%

Free cash flow$150.6M+44.4%

Valuation

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Market cap$5.85B-67.1%

Enterprise value$5.77B-67.6%

P/E13.9×-170×

P/S5.3×-16.6×

Profitability

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Gross margin72.7%+0.4pp

Operating margin14.2%+5.6pp

Net margin38.4%+26.5pp

FCF margin37.9%+1.4pp

Returns & leverage

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Return on equity37%+24.9pp

Debt / equity0.1×0.0×

Current ratio2.6×-0.1×

Where this comes from

Reported directly by Duolingo in its filing.

Tagged under the XBRL concept us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber.

The official record: Duolingo’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Duolingo's number of exercisable options?: Duolingo (DUOL) reported number of exercisable options of 669K in Q1 2026.
How has Duolingo's number of exercisable options changed year-over-year?: Duolingo's number of exercisable options decreased by 46.4% year-over-year, from 1.2M to 669K.
What does number of exercisable options mean?: The number of share-based payment options that have met all vesting requirements and are currently eligible for exercise by the holders. This represents the portion of the equity incentive pool that could be converted into common stock immediately. It is a critical component for calculating fully diluted share counts.