Duolingo Inc (DUOL)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 45,605 | 16,067 | -9,980 | -31,232 | -50,002 | -59,574 | -63,161 | -73,686 | -58,817 | |||
| Total stockholders’ equity | US$ in thousands | 711,052 | 655,501 | 614,819 | 596,405 | 565,188 | 542,078 | 533,826 | 528,219 | 520,714 | 513,056 | 510,731 | -93,777 |
| ROE | 6.41% | 2.45% | -1.62% | -5.24% | -8.85% | -10.99% | -11.83% | -13.95% | -11.30% |
March 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $45,605K ÷ $711,052K
= 6.41%
Duolingo Inc's Return on Equity (ROE) has shown a positive trend over the past few quarters, with the ROE improving from negative percentages to positive percentages. The ROE increased from -11.30% in Q1 2022 to 6.41% in Q1 2024. This indicates that the company's profitability relative to shareholders' equity has been steadily improving. Furthermore, the upward trend in ROE suggests that Duolingo has been effectively utilizing its equity to generate profits for its shareholders. This positive trend in ROE is a favorable indicator of the company's financial performance and operational efficiency.
Peer comparison
Mar 31, 2024