Lemonade LMND
Public, NYSE, reports in USD. Founded 2015.
Theme: Internet.
Insurance.
2025-08-01 — Follow closely
Financials millions, USD
| Period | Revenue | Growth % | Gross margin % | R&D % | Operating income | Operating margin % | Net income | EPS (diluted) | Rule of 40 | basis |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 738m USD | 40.2 % | – | – | – | – | -166m USD | -2.24 | – | |
| 2024 | 526m USD | 67.1 % | – | – | – | – | -202m USD | -2.85 | – | |
| 2023 | 315m USD | 83.1 % | – | 28.3 % | -230m USD | -73.0 % | -237m USD | -3.40 | 10.1 | |
| 2022 | 172m USD | – | – | – | – | – | -298m USD | -4.59 | – | |
| 2026-Q2 | 294m USD | 79.4 % | – | – | – | – | -43m USD | -0.56 | – | |
| 2026-Q1 | 258m USD | – | – | – | – | – | -36m USD | -0.47 | – | |
| 2025-Q4 | 228m USD | – | – | – | – | – | -22m USD | – | – | |
| 2025-Q3 | 194m USD | – | – | – | – | – | -38m USD | -0.51 | – | |
| 2025-Q2 | 164m USD | – | – | – | – | – | -44m USD | -0.60 | – |
Sources
- 2025: yfinance
- 2024: yfinance
- 2023: 2025_10-K_Summary_2026-07-10.xlsx
- 2022: 2025_10-K_Summary_2026-07-10.xlsx
- 2026-Q2: yfinance
- 2026-Q1: yfinance
- 2025-Q4: yfinance
- 2025-Q3: yfinance
- 2025-Q2: yfinance
Latest quarter 2026-Q2, ended 2026-06-30, vs 2025-Q2
| 2026-Q2 | 2025-Q2 | change | |
|---|---|---|---|
| Revenue | 294m USD | 164m USD | +130m (+79 %) |
| Op. margin | – | – | |
| FCF | -8.0m USD | 3.4m USD | -11m |
| Net income | -43m USD | ||
| EPS (diluted) | -0.56 |
Cash flow millions, USD
| Period | Cash from operations | Capex | Free cash flow | FCF margin % | CFO / net income % | NOPAT | Unlevered FCF | Levered FCF | Net change in cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | -16m USD | 9.4m USD | -26m USD | -3.5 % | – | – | – | 49m USD | 1.0m USD |
| 2024 | -11m USD | 9.4m USD | -21m USD | -4.0 % | – | – | – | 48m USD | 117m USD |
| 2023 | -119m USD | 9.2m USD | -128m USD | -40.7 % | – | – | – | -113m USD | -15m USD |
| 2022 | -163m USD | 10m USD | -173m USD | -100.6 % | – | – | – | -173m USD | 22m USD |
NOPAT = op. income × (1 − effective tax rate); UFCF = NOPAT + D&A + ΔNWC − capex; LFCF = FCF + net debt issued.
Quotes
| Price | 50.35 USD | 2026-09-15 | |
|---|---|---|---|
| Market cap | 3.9bn USD | 2026-09-15 | |
| 52w high | 99.90 USD | 2026-09-15 | |
| 52w low | 46.16 USD | 2026-09-15 | |
| Off 52w high % | -49.6 % | ||
| P/S | 5.3 | ||
| Lifetime CAGR | -2.6 % |
Notes
- 2025-08-01 opinion Follow closely