Duolingo (DUOL) Margins & Profitability 2021-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 73.0%
EBITDA Margin: 16.7%
Op. Margin: 15.3%
Net Margin: 14.9%

Op. margin of 15.3% is up 5.0% YoY — cost efficiency is improving. Net margin at 14.9% and gross margin of 73.0% — earnings take a bigger bite when COGS stays lean..

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit