Duolingo Inc (DUOL)

Gross profit margin

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022
Gross profit (ttm)	US$ in thousands	427,197	389,004	354,644	323,037	294,503	270,064	247,072	222,826	200,975
Revenue (ttm)	US$ in thousands	583,001	531,109	483,948	442,389	403,936	369,495	338,685	306,215	276,632
Gross profit margin		73.28%	73.24%	73.28%	73.02%	72.91%	73.09%	72.95%	72.77%	72.65%

March 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $427,197K ÷ $583,001K
= 73.28%

Duolingo Inc's gross profit margin has shown consistency and stability over the past several quarters, ranging from 72.65% to 73.28%. This indicates that the company has been able to effectively manage its cost of goods sold relative to its revenue generation, maintaining a healthy level of profitability. The slight fluctuations within this narrow range may be attributed to various factors such as changes in pricing, input costs, or sales mix. Overall, Duolingo's ability to sustain a gross profit margin above 70% is a positive sign of its operational efficiency and competitive positioning in the market.