Lemonade, Inc.
Lemonade, Inc.
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Investments | |||||||||||||||||
Debt Securities Available For Sale Excluding Accru… | 769 | 732 | 709 | 682 | 625 | 656 | 607 | 610 | 537 | 620 | 627 | 633 | |||||
Short Term Investments | 9 | 20 | 14 | 24 | 21 | 21 | 28 | 31 | 44 | 22 | 46 | 73 | |||||
Investments | 778 | 751 | 723 | 705 | 646 | 676 | 635 | 641 | 581 | 642 | 673 | 707 | |||||
Cash And Cash Equivalents At Carrying Value | 380 | 387 | 397 | 356 | 386 | 320 | 386 | 338 | 350 | 285 | 272 | 238 | |||||
Premiums Receivable At Carrying Value | 490 | 449 | 402 | 395 | 347 | 318 | 301 | 298 | 260 | 237 | 222 | 223 | |||||
Reinsurance Recoverables On Paid And Unpaid Losses | 132 | 146 | 153 | 168 | 178 | 182 | 170 | 190 | 203 | 170 | 138 | 145 | |||||
Prepaid Reinsurance Premiums | 125 | 124 | 148 | 203 | 282 | 264 | 254 | 255 | 218 | 205 | 196 | 198 | |||||
Deferred Policy Acquisition Costs | 16 | 14 | 12 | 14 | 13 | 11 | 12 | 12 | 11 | 10 | 9 | 8 | |||||
Property Plant And Equipment Net | 19 | 17 | 16 | 15 | 16 | 16 | 16 | 16 | 16 | 17 | 17 | 17 | |||||
Intangible Assets Net Excluding Goodwill | 8 | 8 | 8 | 8 | 9 | 11 | 14 | 16 | 18 | 21 | 23 | 25 | |||||
Goodwill | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | |||||
Other Assets | 44 | 44 | 47 | 36 | 40 | 39 | 42 | 39 | 37 | 41 | 64 | 68 | |||||
Assets | 2,012 | 1,958 | 1,926 | 1,919 | 1,935 | 1,857 | 1,849 | 1,823 | 1,714 | 1,646 | 1,633 | 1,648 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liability For Claims And Claims Adjustment Expense | 308 | 309 | 303 | 312 | 310 | 307 | 298 | 294 | 282 | 264 | 262 | 255 | |||||
Unearned Premiums | 662 | 614 | 577 | 568 | 510 | 476 | 455 | 454 | 398 | 371 | 354 | 356 | |||||
Accounts Payable Trade Current And Noncurrent | 2 | 2 | 1 | 5 | 2 | 3 | 5 | 1 | 1 | 1 | 1 | 3 | |||||
Funds Held Under Reinsurance Agreements Liability | 153 | 152 | 170 | 203 | 240 | 225 | 220 | 189 | 157 | 132 | 129 | 131 | |||||
Ceded Premiums Payable | 21 | 21 | 24 | 19 | 30 | 26 | 24 | 42 | 30 | 27 | 23 | 36 | |||||
Line Of Credit | 206 | 180 | 158 | 139 | 124 | 102 | 83 | 67 | 44 | 28 | 15 | 8 | |||||
Accrued Liabilities And Other Liabilities | 127 | 129 | 122 | 107 | 124 | 110 | 106 | 124 | 121 | 101 | 100 | 93 | |||||
Liabilities | 1,512 | 1,440 | 1,392 | 1,403 | 1,408 | 1,311 | 1,256 | 1,230 | 1,079 | 970 | 924 | 921 | |||||
Stockholders Equity | |||||||||||||||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital | 2,043 | 2,017 | 1,992 | 1,954 | 1,928 | 1,910 | 1,898 | 1,862 | 1,845 | 1,830 | 1,815 | 1,800 | |||||
Retained Earnings Accumulated Deficit | -1,544 | -1,500 | -1,464 | -1,443 | -1,405 | -1,361 | -1,299 | -1,269 | -1,201 | -1,144 | -1,097 | -1,054 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -0 | 1 | 6 | 5 | 4 | -3 | -6 | -0 | -9 | -9 | -9 | -19 | |||||
Stockholders Equity | 500 | 518 | 534 | 516 | 527 | 546 | 593 | 593 | 635 | 676 | 709 | 727 | |||||
Liabilities And Stockholders Equity | 2,012 | 1,958 | 1,926 | 1,919 | 1,935 | 1,857 | 1,849 | 1,823 | 1,714 | 1,646 | 1,633 | 1,648 | |||||
Debt Securities Available For Sale Amortized Cost … | - | - | - | - | - | - | - | - | - | - | 632 | - | |||||
Debt Securities Available For Sale Amortized Cost … | 772 | 733 | 706 | 679 | 623 | 654 | 607 | 607 | 541 | 624 | 632 | 645 | |||||
Premiums Receivable Allowance For Doubtful Account… | 5 | 5 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | |||||
Common Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Shares Authorized | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | |||||
Common Stock Shares Issued | 77 | 77 | 76 | 75 | 74 | 73 | 73 | 71 | 71 | 70 | 70 | 70 | |||||
Shares Outstanding | 77 | 77 | 76 | 75 | 74 | 73 | 73 | 71 | 71 | 70 | 70 | 70 | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.21% | 3.88% | 18.61% | - | - | - | - | - | - | - | - | - |
| 2025 | 10.52% | 38.77% | 31.90% | 10.37% | 7.30% | 8.78% | -0.77% | -5.13% | 18.44% | 23.78% | 36.82% | -0.96% |
| 2024 | -5.94% | -7.15% | 27.39% | 3.55% | 1.72% | 3.11% | 107.32% | 74.76% | 38.12% | 9.85% | -14.93% | 3.46% |
| 2023 | - | - | - | - | - | - | -2.42% | -1.15% | -5.02% | 2.74% | 1.02% | 14.46% |
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Performance and Valuation Metrics
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Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -1.80 | -1.82 | -2.24 | -2.34 | -2.78 | -2.98 | -2.85 | -3.02 | -2.95 | -3.11 | -3.40 | -3.70 | |||||
| Free Cash Flow Per Share TTM | -0.48 | 0.25 | -0.36 | 0.22 | 0.38 | -0.52 | -0.29 | -0.70 | -1.03 | -1.59 | -1.84 | -2.02 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Operating Profit Margin TTM | -13.67% | -15.88% | -21.81% | -27.04% | -34.56% | -39.40% | -38.73% | -41.71% | -42.35% | -46.35% | -53.47% | -64.14% | |||||
| Net Profit Margin TTM | -14.19% | -16.44% | -22.43% | -26.39% | -33.96% | -38.90% | -38.40% | -43.51% | -44.24% | -48.14% | -55.12% | -64.12% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 62.31% | 51.22% | 40.15% | 33.54% | 27.51% | 23.12% | 22.50% | 22.47% | 30.07% | 47.50% | 67.43% | 92.40% | |||||
| Net Income Growth (1Y) | -32.16% | -36.08% | -18.15% | -19.01% | -2.11% | -0.50% | -14.65% | -16.89% | -27.66% | -24.38% | -20.45% | -15.18% | |||||
| EPS Growth (1Y) | -35.29% | -38.92% | -21.38% | -22.35% | -5.73% | -4.10% | -16.29% | -18.50% | -28.88% | -25.40% | -25.86% | -18.68% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | -36.18 | -34.43 | -31.80 | -22.85 | -15.77 | -10.55 | -12.88 | -5.47 | -5.60 | -5.28 | -4.74 | -3.14 | |||||
| P/B TTM | 10.03 | 9.23 | 9.86 | 7.69 | 6.10 | 4.20 | 4.39 | 1.98 | 1.84 | 1.71 | 1.58 | 1.12 | |||||
| P/S TTM | 5.14 | 5.66 | 7.13 | 6.03 | 5.36 | 4.10 | 4.95 | 2.38 | 2.48 | 2.54 | 2.61 | 2.01 | |||||
| Market Cap | 5.01B | 4.78B | 5.26B | 3.97B | 3.22B | 2.29B | 2.61B | 1.17B | 1.17B | 1.15B | 1.12B | 810.54M | |||||
| Enterprise Value | 4.63B | 4.40B | 4.87B | 3.62B | 2.83B | 1.97B | 2.22B | 835.27M | 817.20M | 868.17M | 852.10M | 572.44M | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | -37.30M | 19.10M | -26.30M | 16.20M | 27.70M | -38.00M | -20.80M | -49.90M | -72.50M | -111.50M | -128.30M | -141.00M | |||||
| Net Debt | -380.30M | -386.50M | -396.80M | -355.50M | -386.00M | -319.70M | -385.70M | -337.80M | -349.70M | -285.20M | -271.50M | -238.10M | |||||
Per-Share and Margin | |||||||||||||||||
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Turnover Ratios and Averages | |||||||||||||||||
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Growth Rates | |||||||||||||||||
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| Net Revenue Growth (3Y) | |||||||||||||||||
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| Deferred Revenue Growth (1Y) | |||||||||||||||||
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Credit, Liquidity, Returns, Payout | |||||||||||||||||
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| Net Working Capital | |||||||||||||||||
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Valuation Ratios | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
Lemonade, Inc. (LMND) — SEC Financial Statements & Analysis
Lemonade, Inc. (LMND) is a fire, marine & casualty insurance company, incorporated in DE. Lemonade, Inc. trades on NYSE as: LMND. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), Lemonade, Inc. reported a 62.31% year-over-year revenue growth, a Price-to-Sales (P/S) ratio of 5.14x (TTM), a Price-to-Book (P/B) ratio of 10.03x (TTM), at a market cap of $5.01B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 62.31%
- P/S TTM
- 5.14x
- P/B TTM
- 10.03x
- Market Cap
- $5.01B
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is Lemonade, Inc. in?
Lemonade, Inc. (LMND) operates in the Fire, Marine & Casualty Insurance industry.
What is LMND's market cap?
Lemonade, Inc. (LMND) has a market capitalization of $5.01B as of 2026-06-30.
What exchange does LMND trade on?
Lemonade, Inc. (LMND) trades on the NYSE.
Where is Lemonade, Inc. incorporated?
Lemonade, Inc. is incorporated in DE.