Duolingo Inc (DUOL)
Operating profit margin
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
---|---|---|---|---|
Operating income | US$ in thousands | -13,259 | -65,195 | -60,007 |
Revenue | US$ in thousands | 531,109 | 369,495 | 250,772 |
Operating profit margin | -2.50% | -17.64% | -23.93% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-13,259K ÷ $531,109K
= -2.50%
Duolingo Inc's operating profit margin has shown some improvement over the past three years. The company reported operating profit margins of -2.50% in 2023, -17.64% in 2022, and -23.93% in 2021. This indicates that the company's ability to generate profits from its core operations has been gradually increasing. However, the negative values suggest that the company's operating expenses are still relatively high compared to its revenue. Duolingo Inc may need to continue optimizing its cost structure and enhancing operational efficiencies to further improve its operating profit margin in the future.
Peer comparison
Dec 31, 2023