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Lemonade, Inc.

Lemonade, Inc.

NYSE•LMND
CEO: Mr. Daniel Asher Schreiber
Sector: Financial Services
Industry: Insurance - Property & Casualty
Listing Date: 2020-07-02
Lemonade, Inc. provides various insurance products through various channels in the United States, Europe, and the United Kingdom. Its insurance products include stolen or damaged property, and personal liability that protects its customers if they are responsible for an accident or damage to another person or their property. The company also offers renters, homeowners, car, pet, and life insurance products, as well as landlord insurance policies. In addition, it operates as an agent for other insurance companies. The company was formerly known as Lemonade Group, Inc. and changed its name to Lemonade, Inc. Lemonade, Inc. was incorporated in 2015 and is headquartered in New York, New York.
Contact Information
5 Crosby Street, 3rd Floor, New York, NY, 10013, United States
844-733-8666
www.lemonade.com
Market Cap
$5.77B
P/E (TTM)
-28.4
12.4
Dividend Yield
--
52W High
$83.77
52W Low
$24.31
52W Range
92%
Rank51Top 58.4%
3.4
F-Score
Modified Piotroski Analysis
Based on 8-year fundamentals
Weak • 3.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2017-2024

Financial Dashboard

Q3 2025 Data

Revenue

$194.50M+42.39%
4-Quarter Trend

EPS

-$0.51-46.32%
4-Quarter Trend

FCF

$2.60M-81.56%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Revenue Growth Accelerates 42% Total revenue reached $194.5M for the quarter, showing a substantial 42% increase compared to prior year period.
Net Loss Narrows 45% Quarterly net loss significantly narrowed by $30.2M, resulting in a 45% reduction to $(37.5)M.
Net Earned Premium Surge Net earned premium increased 46% to $140.0M, driven by strong gross written premium growth across geographies.
Reinsurance Cession Reduced Ceded written premium decreased 63% to $56.7M due to implementation of the new reinsurance program structure.

Risk Factors

History of Operating Losses Management notes a history of operating losses; achieving and maintaining future profitability remains uncertain going forward.
Customer Retention Dependency Business success heavily depends on retaining existing customers and successfully expanding the customer base for growth.
Reinsurance Cost Volatility Reinsurance availability at current prices is not guaranteed, potentially limiting ability to write new business effectively.
Geopolitical Instability Exposure Operations in Israel face continued adverse impact from evolving political instability and surrounding regional conflict uncertainty.

Outlook

AI Algorithm Performance Risk Proprietary artificial intelligence algorithms might not operate as expected, potentially causing improper pricing or claims overpayment.
Future Capital Requirements The Company may require additional capital to support future business growth, which might not be available on favorable terms.
Sales Investment Efficiency Continued investment in sales and marketing is planned, expecting long-term customer acquisition efficiencies to lower revenue percentage.
Liquidity Sufficiency Confirmed Current cash and investments totaling $1.05B are believed sufficient for working capital needs over the next twelve months.

Peer Comparison

Revenue (TTM)

M&T Bank CorporationMTB
$12.32B
-7.8%
Mercury General CorporationMCY
$5.82B
+6.2%
CNO Financial Group, Inc.CNO
$4.44B
-1.7%

Gross Margin (Latest Quarter)

M&T Bank CorporationMTB
95.0%
+29.8pp
Hagerty, Inc.HGTY
82.1%
-3.3pp
United Community Banks, Inc.UCB
63.1%
+7.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
MTB$29.99B11.59.6%7.1%
LMND$5.77B-28.4-36.1%7.4%
MCY$4.98B12.820.5%6.3%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
9.3%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:Feb 24, 2026
|
EPS:-$0.42
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 5, 2025|
    Revenue: $194.50M+42.4%
    |
    EPS: $-0.51-46.3%
    Beat

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 5, 2025|
    Revenue: $164.10M+34.5%
    |
    EPS: $-0.60-25.9%
    Beat

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 6, 2025|
    Revenue: $151.20M+27.0%
    |
    EPS: $-0.86+28.4%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 26, 2025|
    Revenue: $526.50M+22.5%
    |
    EPS: $-2.85+16.2%
    Miss

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 31, 2024|
    Revenue: $136.60M+19.3%
    |
    EPS: $-0.95+8.0%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Jul 31, 2024|
    Revenue: $122.00M+16.6%
    |
    EPS: $-0.81-16.5%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 1, 2024|
    Revenue: $119.10M+25.1%
    |
    EPS: $-0.67-29.5%
    Beat

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 28, 2024|
    Revenue: $429.80M+67.4%
    |
    EPS: $-3.40+25.9%
    Miss