Company research
Lemonade, Inc.
CIK 1691421Updated Sep 24, 2026
SecurityLMND · NYSE · equity
Historical securities (1)
LMND.WS · NYSE_AMERICAN · warrant · closed Feb 7, 2026LMND price & chart
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NYSE:LMND on TradingView ↗In the news
Lemonade Expands Renters Insurance to Kentucky ↗
Recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 1,925,700,000Source | 1,849,100,000Source | 1,633,300,000Source | 1,690,700,000Source |
| Property, Plant and Equipment, NetUSD | 15,800,000Source | 16,100,000Source | 17,400,000Source | 19,600,000Source |
| GoodwillUSD | 19,000,000Source | 19,000,000Source | 19,000,000Source | 19,000,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 8,100,000Source | 13,600,000Source | 22,900,000Source | 32,500,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 385,000,000Source | 376,000,000Source | 264,500,000Source | 282,500,000Source |
| Operating Lease, Right-of-Use AssetUSD | 19,800,000Source | 15,200,000Source | 17,400,000Source | 26,400,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 1,392,100,000Source | 1,255,700,000Source | 924,400,000Source | 823,900,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Additional Paid in CapitalUSD | 1,991,500,000Source | 1,898,300,000Source | 1,814,500,000Source | 1,754,100,000Source |
| Retained Earnings (Accumulated Deficit)USD | -1,464,300,000Source | -1,298,800,000Source | -1,096,600,000Source | -859,700,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 6,400,000Source | -6,100,000Source | -9,000,000Source | -27,600,000Source |
| Stockholders' Equity Attributable to ParentUSD | 533,600,000Source | 593,400,000Source | 708,900,000Source | 866,800,000Source |
| Liabilities and EquityUSD | 1,925,700,000Source | 1,849,100,000Source | 1,633,300,000Source | 1,690,700,000Source |
| Additional Financial Items | ||||
| Short-term InvestmentsUSD | 14,100,000Source | 27,500,000Source | 45,800,000Source | 99,800,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 15,200,000Source | 20,000,000Source | 20,000,000Source | 12,200,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 61,300,000Source | 64,500,000Source | 59,900,000Source | 59,300,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts PayableUSD | -4,000,000Source | 3,900,000Source | -500,000Source | -700,000Source |
| Deferred Income Tax Expense (Benefit)USD | 0Source | 0Source | 0Source | 0Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -16,500,000Source | -11,400,000Source | -119,100,000Source | -163,000,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | 0Source | 0Source | -98,800,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -89,100,000Source | 40,600,000Source | 88,700,000Source | 181,100,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 9,400,000Source | 9,400,000Source | 9,200,000Source | 10,100,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 106,600,000Source | 87,700,000Source | 15,400,000Source | 3,600,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 11,100,000Source | 114,200,000Source | -15,000,000Source | 15,900,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 396,800,000Source | 385,700,000Source | 271,500,000Source | 286,500,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 16,300,000Source | 5,000,000Source | 300,000Source | — |
| Income Taxes Paid, NetUSD | 2,500,000Source | — | — | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 10,100,000Source | -2,700,000Source | 0Source | -5,800,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 61,300,000Source | 64,500,000Source | 59,900,000Source | 59,300,000Source |
| Amortization of Debt Issuance CostsUSD | 5,500,000Source | 9,300,000Source | 9,600,000Source | 5,300,000Source |
| Deferred Policy Acquisition Costs, Amortization ExpenseUSD | 32,100,000Source | 30,500,000Source | 21,800,000Source | 17,000,000Source |
| DepreciationUSD | 9,700,000Source | 10,700,000Source | 10,200,000Source | 6,900,000Source |
| Gain (Loss) on Termination of LeaseUSD | 2,300,000Source | — | — | — |
| Gain (Loss) Related to Litigation SettlementUSD | 1,000,000Source | — | — | — |
| General and Administrative ExpenseUSD | 139,800,000Source | 124,500,000Source | 129,300,000Source | 122,300,000Source |
| GoodwillUSD | 19,000,000Source | 19,000,000Source | 19,000,000Source | 19,000,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | — |
| Income Tax Expense (Benefit)USD | 4,600,000Source | -1,700,000Source | 7,100,000Source | 3,000,000Source |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred ClaimsUSD | 347,000,000Source | 277,000,000Source | 280,400,000Source | 167,300,000Source |
| Net Income (Loss) Attributable to ParentUSD | -165,500,000Source | -202,200,000Source | -236,900,000Source | -297,800,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -165,500,000Source | -202,200,000Source | -236,900,000Source | -297,800,000Source |
| Operating Lease, ExpenseUSD | — | — | — | 7,000,000Source |
| Proceeds from Stock Options ExercisedUSD | 31,900,000Source | 19,300,000Source | 500,000Source | 3,600,000Source |
| Realized Investment Gains (Losses)USD | 400,000Source | 100,000Source | -600,000Source | -400,000Source |
| Unrealized Gain (Loss) on InvestmentsUSD | — | — | — | 0Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 737,900,000Source | 526,500,000Source | 429,800,000Source | 256,700,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -160,900,000Source | -203,900,000Source | -229,800,000Source | -294,800,000Source |
| Income Tax Expense (Benefit)USD | 4,600,000Source | -1,700,000Source | 7,100,000Source | 3,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | -165,500,000Source | -202,200,000Source | -236,900,000Source | -297,800,000Source |
| Earnings Per Share, BasicUSD per share | -2.24Source | -2.85Source | -3.4Source | -4.59Source |
| Earnings Per Share, DilutedUSD per share | -2.24Source | -2.85Source | -3.4Source | -4.59Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 73,943,632Source | 71,023,115Source | 69,658,912Source | 64,921,524Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 73,943,632Source | 71,023,115Source | 69,658,912Source | 64,921,524Source |
| Additional Financial Items | ||||
| Benefits, Losses and ExpensesUSD | 898,800,000Source | 730,400,000Source | 659,600,000Source | 551,500,000Source |
| Current Income Tax Expense (Benefit)USD | 4,600,000Source | -1,700,000Source | 7,100,000Source | 3,000,000Source |
| Deferred Policy Acquisition Costs, Amortization ExpenseUSD | 32,100,000Source | 30,500,000Source | 21,800,000Source | 17,000,000Source |
| Gain (Loss) Related to Litigation SettlementUSD | 1,000,000Source | — | — | — |
| General and Administrative ExpenseUSD | 139,800,000Source | 124,500,000Source | 129,300,000Source | 122,300,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -122,800,000Source | -170,300,000Source | -208,500,000Source | -225,500,000Source |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred ClaimsUSD | 347,000,000Source | 277,000,000Source | 280,400,000Source | 167,300,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -165,500,000Source | -202,200,000Source | -236,900,000Source | -297,800,000Source |
| Net Investment IncomeUSD | 37,800,000Source | 34,000,000Source | 24,700,000Source | 8,400,000Source |
| Operating Lease, ExpenseUSD | — | — | — | 7,000,000Source |
| Realized Investment Gains (Losses)USD | 400,000Source | 100,000Source | -600,000Source | -400,000Source |
| Research and Development ExpenseUSD | 93,900,000Source | 85,800,000Source | 88,800,000Source | 79,600,000Source |
| Selling and Marketing ExpenseUSD | 224,400,000Source | 166,300,000Source | 101,900,000Source | 138,300,000Source |