Lemonade financials
$44.60+1.57%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $294.4M | $258.0M | $228.1M | $194.5M | $164.1M | $151.2M | $148.8M | $136.6M | $122.0M | $119.1M | $115.5M | $114.5M |
| Gross profit | $140.4M | $124.7M | $133.6M | $104.9M | $86.6M | $65.8M | $86.1M | $58.7M | $51.5M | $53.2M | $50.5M | $38.6M |
| Gross margin | 47.7% | 48.3% | 58.6% | 53.9% | 52.8% | 43.5% | 57.9% | 43.0% | 42.2% | 44.7% | 43.7% | 33.7% |
| Operating income | -$41.8M | -$34.6M | -$20.6M | -$36.3M | -$42.6M | -$61.4M | -$37.8M | -$65.8M | -$55.1M | -$45.2M | -$39.6M | -$59.6M |
| Net income | -$43.4M | -$35.8M | -$21.7M | -$37.5M | -$43.9M | -$62.4M | -$30.0M | -$67.7M | -$57.2M | -$47.3M | -$42.4M | -$61.5M |
| Net margin | −14.7% | −13.9% | −9.5% | −19.3% | −26.8% | −41.3% | −20.2% | −49.6% | −46.9% | −39.7% | −36.7% | −53.7% |
| Diluted EPS | $-0.56 | $-0.47 | $-0.29 | $-0.51 | $-0.60 | $-0.86 | $-0.42 | $-0.95 | $-0.81 | $-0.67 | $-0.61 | $-0.88 |
| EBITDA | -$39.4M | -$31.9M | -$18.0M | -$32.9M | -$37.9M | -$56.9M | -$33.1M | -$60.7M | -$49.9M | -$40.2M | -$39.6M | -$54.6M |
| Operating cash flow | -$3.4M | -$600.0K | $20.7M | $4.5M | $5.5M | -$47.2M | $13.8M | $16.3M | -$11.7M | -$29.8M | -$16.1M | -$6.3M |
| Free cash flow | -$8.0M | -$4.1M | $17.6M | $2.6M | $3.4M | -$49.5M | $10.6M | $14.1M | -$13.2M | -$32.3M | -$18.5M | -$8.5M |
| Diluted shares | 77.0M | 76.3M | 75.2M | 74.2M | 73.4M | 72.9M | 71.9M | 71.1M | 70.7M | 70.3M | 70.0M | 69.8M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $380.3M | $386.5M | $396.8M | $355.5M | $386.0M | $319.7M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $206.4M | $179.6M | $158.1M | $139.0M | $123.5M | $101.9M |
| Total assets | $2.01B | $1.96B | $1.93B | $1.92B | $1.93B | $1.86B |
| Total liabilities | $1.51B | $1.44B | $1.39B | $1.40B | $1.41B | $1.31B |
| Shareholders' equity | $499.5M | $518.0M | $533.6M | $516.2M | $527.1M | $545.5M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology