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

$4.42B

P/E (TTM)

-31.6

10.5

Dividend Yield

52W High

$99.90

52W Low

$35.70

52W Range

34%

Rank46Top 59.5%

3.5

F-Score

Modified Piotroski Analysis

Based on 8-year fundamentals

Weak • 3.5 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2018-2025

Financial Dashboard

Q1 2026 Data

Revenue

$234.40M+0.00%

4-Quarter Trend

EPS

-$0.47+0.00%

4-Quarter Trend

FCF

-$4.10M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Strong Revenue and Premium Growth Total revenue reached $737.9M, increasing 40%; Net earned premium grew 45% to $536.3M for 2025.

Reduced Net Loss Net loss narrowed by $36.7M, resulting in a $(165.5)M loss for 2025, showing 18% improvement.

Customer Base Expansion Customer count surpassed 2.98 million by year-end 2025, driven by successful digital advertising and partnerships.

Improved Profitability Metrics Gross profit margin improved to 40% in 2025 from 32% in 2024; Adjusted gross profit margin hit 41%.

Risk Factors

History of Operating Losses Company has history of losses since inception; profitability maintenance remains uncertain despite revenue growth investments.

Proprietary AI Algorithm Failure AI algorithms may be incorrectly designed or trained, causing improper policy pricing or excessive claim payouts.

Regulatory Capital Adequacy Risk Failure to maintain required risk-based capital levels could lead to regulatory intervention or loss of operating authority.

Concentration in Key States 45% of gross written premium originates from California, New York, and Texas, increasing regulatory risk exposure.

Outlook

Focus on Customer Upsell Aim to grow revenue by transitioning existing customers to higher-value products like Car insurance at near zero acquisition cost.

Continued AI Technology Investment Expect increased investment in AI Technologies to continuously improve products, efficiency, and profitability going forward.

International Market Expansion Continue expanding product offerings across Europe, leveraging pan-European license in 30 potential countries.

Liquidity and Capital Runway Existing cash sufficient for next 12 months; ability to raise future capital depends on market conditions and performance.

Peer Comparison

Revenue (TTM)

ALL

$67.14B

+3.7%

MTB

$12.36B

-6.9%

MCY

$6.14B

+9.7%

Gross Margin (Latest Quarter)

AGO

90.8%

-6.2pp

RDN

76.9%

-1.0pp

MTB

71.3%

+4.0pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
ALL	$57.05B	4.7	42.7%	6.0%
MTB	$33.96B	12.9	10.2%	8.9%
FLG	$6.23B	-111.0	-0.7%	12.8%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

12.6%

Steady Growth

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

75%

Volatile Cash Flow

Deep Research

Next earnings:Aug 4, 2026

EPS:-$0.55

Revenue:$290.89M

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data