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