Lemonade financials
$44.60+1.57%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 |
|---|---|---|---|---|---|---|
| Revenue | $737.9M | $526.5M | $429.8M | $256.7M | $128.4M | $94.4M |
| Gross profit | $390.9M | $249.5M | $149.4M | $89.4M | $56.5M | $39.7M |
| Gross margin | 53.0% | 47.4% | 34.8% | 34.8% | 44.0% | 42.1% |
| Operating income | -$160.9M | -$203.9M | -$229.8M | -$294.8M | -$233.6M | -$120.8M |
| Net income | -$165.5M | -$202.2M | -$236.9M | -$297.8M | -$241.3M | -$122.3M |
| Net margin | −22.4% | −38.4% | −55.1% | −116.0% | −187.9% | −129.6% |
| Diluted EPS | $-2.24 | $-2.85 | $-3.40 | $-4.59 | $-3.94 | $-3.63 |
| EBITDA | -$145.7M | -$183.9M | -$209.8M | -$282.6M | -$229.9M | -$119.1M |
| Operating cash flow | -$16.5M | -$11.4M | -$119.1M | -$163.0M | -$144.6M | -$91.7M |
| Free cash flow | -$25.9M | -$20.8M | -$128.3M | -$173.1M | -$154.0M | -$96.1M |
| Diluted shares | 73.9M | 71.0M | 69.7M | 64.9M | 61.2M | 33.7M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $396.8M | $385.7M | $271.5M | $286.5M | $270.6M | $571.4M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $158.1M | $83.4M | $14.9M | $0.00 | $0.00 | $0.00 |
| Total assets | $1.93B | $1.85B | $1.63B | $1.69B | $1.51B | $828.7M |
| Total liabilities | $1.39B | $1.26B | $924.4M | $823.9M | $522.3M | $287.7M |
| Shareholders' equity | $533.6M | $593.4M | $708.9M | $866.8M | $988.2M | $541.0M |
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