Duolingo Inc (DUOL)
Net profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 88,574 | 86,784 | 66,231 | 45,605 | 16,067 | -9,980 | -31,232 | -50,002 | -59,574 | -63,161 | -73,686 | -58,817 | -60,135 | -53,025 | -27,231 | -27,015 | -15,776 |
| Revenue (ttm) | US$ in thousands | 748,024 | 689,459 | 634,489 | 583,001 | 531,109 | 483,948 | 442,389 | 403,936 | 369,495 | 338,685 | 306,215 | 276,632 | 250,772 | 226,026 | 207,736 | 188,944 | 161,696 |
| Net profit margin | 11.84% | 12.59% | 10.44% | 7.82% | 3.03% | -2.06% | -7.06% | -12.38% | -16.12% | -18.65% | -24.06% | -21.26% | -23.98% | -23.46% | -13.11% | -14.30% | -9.76% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $88,574K ÷ $748,024K
= 11.84%
The net profit margin of Duolingo Inc has shown a fluctuating trend over the years, starting with negative values in the range of -9.76% to -23.98% from December 2020 to December 2021. The margin improved slightly during the first half of 2022 but remained negative. However, there was a notable recovery in profitability from December 2023 onwards, with the net profit margin turning positive at 3.03% by the end of that year. The positive trend continued into 2024, with the net profit margin further increasing to 11.84% by December 2024. This indicates that Duolingo Inc's profitability has significantly improved in recent years, transitioning from losses to consistent positive earnings as reflected in the rising net profit margin figures.
Peer comparison
Dec 31, 2024