Duolingo Inc (DUOL)

Net 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
Net income (ttm)	US$ in thousands	45,605	16,067	-9,980	-31,232	-50,002	-59,574	-63,161	-73,686	-58,817
Revenue (ttm)	US$ in thousands	583,001	531,109	483,948	442,389	403,936	369,495	338,685	306,215	276,632
Net profit margin		7.82%	3.03%	-2.06%	-7.06%	-12.38%	-16.12%	-18.65%	-24.06%	-21.26%

March 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $45,605K ÷ $583,001K
= 7.82%

Duolingo Inc's net profit margin has shown fluctuations over the past nine quarters. The net profit margin increased from -21.26% in March 2022 to 7.82% in March 2024, indicating an improvement in profitability. However, it is important to note that the net profit margin was negative in three out of the nine quarters (September 2022, June 2023, and March 2023), which may raise concerns about the company's ability to generate consistent profits. Overall, the recent improvement in the net profit margin suggests positive developments in Duolingo Inc's profitability performance.