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Company research / LMND

Lemonade, Inc. (LMND)

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CIK 0001691421 · NYSE · Fire, Marine & Casualty Insurance

  • Sector Finance & Real Estate
  • Incorporated DE
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Lemonade, Inc. reported revenue of $737.90M. Revenue grew 40.2% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $975.00M.

Key ratios (year ended 2025-12-31)

-22.4%
Net margin
-31.0%
Return on year-end equity
40.2%
Revenue growth (YoY)

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Latest selected filing: Form 8-K/A (current report) · 2026-10-15

Headquarters locality: New York City · View on map

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period endedTTM to
2026-06-30		2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Revenue$975.00M$737.90M$526.50M$429.80M$256.70M$128.40M$94.40M$67.30M$22.50M
R&D Expense$106.40M$93.90M$85.80M$88.80M$79.60M$51.80M$19.40M$9.80M$4.70M
Depreciation & Amortization$11.10M$15.20M$20.00M$20.00M$12.20M$3.70M$1.70Mn/an/a
Net Income-$138.40M-$165.50M-$202.20M-$236.90M-$297.80M-$241.30M-$122.30M-$108.50M-$52.90M
EPS (Diluted)n/a-$2.24-$2.85-$3.40-$4.59-$3.94-$3.63-$9.75n/a
Total Assets$2.01B$1.93B$1.85B$1.63B$1.69B$1.51B$828.70M$414.30Mn/a
Total Liabilities$1.51B$1.39B$1.26B$924.40M$823.90M$522.30M$287.70M$116.60Mn/a
Shareholders' Equity$499.50M$533.60M$593.40M$708.90M$866.80M$988.20M$541.00M-$182.50M-$79.10M
Cash & Equivalents$367.60M$385.00M$376.00M$264.50M$282.50M$270.60M$570.80M$270.00Mn/a
Operating Cash Flow$21.20M-$16.50M-$11.40M-$119.10M-$163.00M-$144.60M-$91.70M-$78.10M-$40.80M
Capital Expenditures$13.10M$9.40M$9.40M$9.20M$10.10M$9.40M$4.40M$2.70M$700.0K
Free Cash Flow$8.10M-$25.90M-$20.80M-$128.30M-$173.10M-$154.00M-$96.10M-$80.80M-$41.50M
Shares Outstanding77.33M75.91M72.72M70.16M69.28M61.66M56.77M11.27Mn/a
Weighted Average Diluted Sharesn/a73.94M71.02M69.66M64.92M61.22M33.65M11.12Mn/a
EPS (Basic)n/a-$2.24-$2.85-$3.40-$4.59-$3.94-$3.63-$9.75n/a

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