LMND
Lemonade Inc
NYSE: LMND · FINANCIAL SERVICES · INSURANCE - PROPERTY & CASUALTY
$56.65
+0.01% today
Updated 2026-05-01
Market cap
$4.30B
P/E ratio
—
P/S ratio
5.83x
EPS (TTM)
$-2.24
Dividend yield
—
52W range
$29 – $100
Volume
2.2M
Lemonade Inc (LMND) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.40M | $22.50M | $67.30M | $94.40M | $128.40M | $256.70M | $429.80M | $526.50M | $737.90M |
| Revenue growth (YoY) | — | +837.5% | +199.1% | +40.3% | +36.0% | +99.9% | +67.4% | +22.5% | +40.2% |
| Cost of revenue | — | $19.40M | $55.40M | $74.00M | $105.50M | $228.30M | $339.60M | $353.80M | $440.70M |
| Gross profit | $2.40M | $3.10M | $11.90M | $20.40M | $22.90M | $28.40M | $90.20M | $172.70M | $297.20M |
| Gross margin | 100.0% | 13.8% | 17.7% | 21.6% | 17.8% | 11.1% | 21.0% | 32.8% | 40.3% |
| R&D | — | — | — | $19.40M | $51.80M | $79.60M | — | $85.80M | $18.20M |
| SG&A | $8.00M | $9.30M | $21.50M | $46.30M | $72.60M | $122.30M | $129.30M | $124.50M | $139.80M |
| Operating income | $-26.30M | $-52.60M | $-107.90M | $-120.80M | $-233.60M | $-294.80M | $-229.80M | $-203.90M | $-160.90M |
| Operating margin | -1095.8% | -233.8% | -160.3% | -128.0% | -181.9% | -114.8% | -53.5% | -38.7% | -21.8% |
| EBITDA | $1.70M | $-52.50M | $-107.30M | $-119.10M | $-229.90M | $-282.60M | $-209.80M | $-183.90M | $-145.70M |
| EBITDA margin | 70.8% | -233.3% | -159.4% | -126.2% | -179.0% | -110.1% | -48.8% | -34.9% | -19.7% |
| EBIT | $-26.30M | $-52.60M | $-107.90M | $-120.80M | $-233.60M | $-294.80M | $-229.80M | $-203.90M | $-160.90M |
| Interest expense | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — |
| Income tax | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-28.10M | $-52.90M | $-108.50M | $-122.30M | $-241.30M | $-297.80M | $-236.90M | $-202.20M | $-165.50M |
| Net income growth (YoY) | — | -88.3% | -105.1% | -12.7% | -97.3% | -23.4% | +20.4% | +14.6% | +18.2% |
| Profit margin | -1170.8% | -235.1% | -161.2% | -129.6% | -187.9% | -116.0% | -55.1% | -38.4% | -22.4% |