Who Owns Duolingo?
Updated onExplore the ownership hierarchy of Duolingo. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
Duolingo
Large consumer language‑learning platform whose Duolingo ABC product provides free, kid‑focused reading and early literacy activities.
Starts at $0 / other
Duolingo appears to be independent with no known parent company.
Duolingo
Large consumer language‑learning platform whose Duolingo ABC product provides free, kid‑focused reading and early literacy activities.
Starts at $0 / other
Duolingo appears to be independent with no known parent company.
Major Shareholders
Duolingo
Major Shareholders
| Name | Type | Ownership | As of |
|---|---|---|---|
Baillie Gifford & Co. Largest reported institutional shareholder; Schedule 13G/A and institutional-holder summaries show Baillie Gifford beneficially owning about 4.9 million Duolingo shares, or roughly 10–12% of the company, as of October 31, 2025. | Institutional | 10.6% | Oct 2025 |
BlackRock, Inc. BlackRock filings and major-holder summaries report ownership of roughly 4.2 million Duolingo shares, about 9–10% of shares outstanding, as of September 30, 2025. | Institutional | 9.1% | Sep 2025 |
The Vanguard Group, Inc. Vanguard is disclosed as a top holder with approximately 3.65 million shares, or about 7.9% of Duolingo, based on Q3 2025 institutional ownership data. | Institutional | 7.9% | Sep 2025 |
FMR LLC (Fidelity Management & Research) FMR LLC (Fidelity) reports holding roughly 3.17 million Duolingo shares, equating to about 6.9% of the company as of September 30, 2025. | Institutional | 6.9% | Sep 2025 |
Severin Hacker Co‑founder and CTO. MarketScreener reports that Hacker beneficially owns about 2.98 million Duolingo Class B shares (plus a small number of Class A shares). Using ~46.2 million total shares outstanding in late 2025, this corresponds to an estimated economic stake of roughly 6–7%. Because these are super‑voting shares, his voting power is likely higher than his economic percentage; the figure here is an approximation based on available public data. | Founder | 6.5% | Dec 2025 |
Capital Research and Management Company (Capital World Investors and related entities) Capital World/Capital Research is disclosed as holding about 2.3–2.6 million Duolingo shares; a Schedule 13G filed in August 2025 reported roughly 2.34 million shares (~6% based on then‑outstanding shares), and later institutional summaries show a stake around 5.6% by Q3 2025. | Institutional | 5.6% | Sep 2025 |
T. Rowe Price Group, Inc. T. Rowe Price, through its investment management entities, reports owning roughly 1.8 million Duolingo shares, or about 3.9% of shares outstanding, as of September 30, 2025. | Institutional | 3.9% | Sep 2025 |
Durable Capital Master Fund LP Durable Capital’s Master Fund is listed among Duolingo’s largest institutional owners with about 1.69 million shares, corresponding to roughly 3.7% of the company as of March 31, 2025. | Institutional | 3.7% | Mar 2025 |
Dragoneer Investment Group, LLC Dragoneer Investment Group is disclosed as holding approximately 1.58 million Duolingo shares, or about 3.4% of shares outstanding, in Q3 2025 institutional‑holder reports. | Institutional | 3.4% | Sep 2025 |
State Street Global Advisors (State Street Corporation) State Street, primarily via State Street Global Advisors funds, is reported as owning around 1.15 million Duolingo shares, giving it an approximate 2.5% stake as of September 30, 2025. | Institutional | 2.5% | Sep 2025 |
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