LMND Lemonade, Inc. Common Stock
$50.56
Price · Aug 19, 2026
Fundamentals as of Aug 4, 2026
52W Range
$46–$100
8% of range
Analyst Rating
HOLD
19 analysts
Price Target
$60
+19% upside
P/E (TTM)
-22.8
ROE
-31.2%
Net Profit Margin
-22.4%
About Lemonade, Inc. Common Stock Company overview from Wikipedia
Lemonade, Inc. is an American insurance company. The company offers renters' insurance, homeowners' insurance, car insurance, pet insurance, and term life insurance in the United States, as well as contents and liability policies in Germany and the Netherlands and renters' insurance in France. The company is based in New York City and has approximately 2.9 million customers. Lemonade's business model focuses heavily on the usage of artificial intelligence and chatbots, with the company selling 98% of its policies through AI and handling over 60% of claims with AI.
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Lemonade, Inc. is an American insurance company. The company offers renters' insurance, homeowners' insurance, car insurance, pet insurance, and term life insurance in the United States, as well as contents and liability policies in Germany and the Netherlands and renters' insurance in France. The company is based in New York City and has approximately 2.9 million customers. Lemonade's business model focuses heavily on the usage of artificial intelligence and chatbots, with the company selling 98% of its policies through AI and handling over 60% of claims with AI.
History
2015–2019
Lemonade was founded by Daniel Schreiber (former president of Powermat Technologies) and Shai Wininger (co-founder of Fiverr) in April 2015. Schreiber and Wininger were tech entrepreneurs with no insurance background.
In December 2015, the company secured $13 million in seed money from Sequoia Capital and Aleph.
In August 2016, the company raised $13 million in funding from XL Innovate (part of XL Group), followed by a $34 million Series B funding round in December 2016. The Series B round was led by General Catalyst with participation from Thrive Capital, Tusk Ventures, and GV (formerly Google Ventures).
In May 2016, Lemonade became one of the few insurance companies to receive B-Corporation certification.
In April 2017, the company announced additional investors: Allianz and Ashton Kutcher’s Sound Ventures. In December 2017, Softbank invested an additional $120 million in the company in a Series C round, increasing the total money raised by the company to around $180 million.
In April 2019, Lemonade announced a further $300 million investment in a Series D financing led by SoftBank Group, with participation from Allianz, General Catalyst, GV, OurCrowd, and Thrive Capital, increasing the total money raised by the company to $480 million.
2020–present
In April 2020, the company launched in the Netherlands.
On July 1, 2020, the company became a public company via an initial public offering. The company sold 11,000,000 shares of its common stock, each share priced at $29.00, under the ticker symbol "LMND" on the New York Stock Exchange.
In December 2020, it began offering insurance in France. It also won a trademark dispute with T-Mobile over the use of the color pink.
In May 2021, short-seller Carson Block wrote a letter to Lemonade co-founder and chief executive Daniel Schreiber sharing details of an “accidentally discovered” security flaw that exposed Lemonade customers’ personally identifiable account data. Block wrote that the bug was “unforgivably negligent,” and that his firm was shorting the company's stock “because it is clear Lemonade does not give a fuck about securing its customers’ sensitive personal information."
In November 2021, the company announced that it would fully acquire Metromile, Inc. The acquisition completed on July 29, 2022, following which Lemonade laid off 20% of Metromile's staff.
In January 2026, Lemonade partnered with Tesla to launch the Lemonade Autonomous Car Insurance, a first-of-its-kind offering designed specifically for self-driving cars.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
LMND Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$50.56
Market Cap
$3.88B
P/E (TTM)
-22.8
EPS (TTM)
$-2.24
Revenue (TTM)
$738M
Div Yield
—
ROE
-31.2%
Debt/Equity
—
52W Range
$46 – $100
LMND Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$738M
2018-12-31
→
2025-12-31
EPS
$-2.24
2019-12-31
→
2025-12-31
Free Cash Flow
$-26M
2020-12-31
→
2025-12-31
Margins
-22.4%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
LMND
Peer Median
P/E (TTM)
-22.8
10.9
P/S (TTM)
5.3
1.3
P/B
7.3
2.0
Price / FCF
-149.9
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
LMND
Peer Median
Net Profit Margin
-22.4%
11.8%
ROA
-8.8%
6.3%
ROE
-31.2%
20.7%
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
LMND
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
LMND
Peer Median
Revenue YoY
40.2%
—
Revenue CAGR 3Y
42.2%
—
Revenue CAGR 5Y
50.9%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
LMND
Peer Median
LMND Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
HOLD
19 analysts
- Strong Buy 3 15.8%
- Buy 6 31.6%
- Hold 8 42.1%
- Sell 1 5.3%
- Strong Sell 1 5.3%
12-Month Price Target
9 analysts · 2026-08-16
Median
$55.00
Mean
$60.22
Now
$50.56
Low
$37.00
High
$92.00
Median target
$55.00
+8.8%
Mean target
$60.22
+19.1%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.13%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.56 | $-0.57 | 0.01% |
| March 31, 2026 | $-0.47 | $-0.58 | 0.11% |
| Dec. 31, 2025 | $-0.29 | $-0.41 | 0.12% |
| Sept. 30, 2025 | $-0.51 | $-0.72 | 0.21% |
| June 30, 2025 | $-0.60 | $-0.81 | 0.21% |
| March 31, 2025 | $-0.86 | $-0.96 | 0.10% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| LMND | $5.40B | -31.8 | 40.2% | -22.4% | -31.2% | — |
| RLI | $5.88B | 14.6 | 6.3% | 21.4% | 23.0% | — |
| MCY | $5.21B | 9.6 | 9.4% | 9.0% | 24.8% | — |
| SIGI | $5.03B | 11.2 | 9.8% | 8.7% | 13.9% | — |
| WTM | $5.15B | 4.8 | 66.8% | 29.6% | 22.3% | — |
| NP | — | -112.2 | 33.7% | 23.4% | -9.9% | — |
| PLMR | $3.57B | 18.8 | 58.2% | 22.5% | 22.0% | — |
| SKWD | $2.07B | 12.6 | 23.2% | 12.0% | 18.9% | — |
| SLDE | $2.42B | 5.8 | 36.5% | 38.4% | 57.4% | — |
| HCI | $2.49B | 8.4 | 20.1% | 33.2% | 40.0% | — |
| STC | $2.12B | 17.3 | 17.3% | 4.0% | 7.6% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 11
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $738M | $526M | $430M | $257M | $128M | $94M | $67M | |
| R&D Expense | $94M | $86M | $89M | $80M | $52M | $19M | $10M | |
| SG&A Expense | $140M | $124M | $129M | $122M | $73M | $46M | $22M | |
| Pretax Income | $-161M | $-204M | $-230M | $-295M | $-234M | $-121M | $-108M | |
| Income Tax | $5M | $-2M | $7M | $3M | $8M | $2M | $600.0K | |
| Net Income | $-166M | $-202M | $-237M | $-298M | $-241M | $-122M | $-108M | |
| EPS (Basic) | $-2.24 | $-2.85 | $-3.40 | $-4.59 | $-3.94 | $-3.63 | $-9.75 | |
| EPS (Diluted) | $-2.24 | $-2.85 | $-3.40 | $-4.59 | $-3.94 | $-3.63 | $-9.75 | |
| Shares (Basic) | 73,943,632 | 71,023,115 | 69,658,912 | 64,921,524 | 61,224,433 | 33,654,828 | 11,124,397 | |
| Shares (Diluted) | 73,943,632 | 71,023,115 | 69,658,912 | 64,921,524 | 61,224,433 | 33,654,828 | 11,124,397 | |
| EBITDA | $15M | $20M | $20M | $12M | · | · | · |
Balance Sheet 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $385M | $376M | $264M | $282M | $271M | $571M | $270M | |
| Short-term Investments | $14M | $28M | $46M | $100M | $110M | $0 | $55M | |
| PP&E (Net) | $16M | $16M | $17M | $20M | $12M | $6M | $3M | |
| PP&E (Gross) | $64M | $54M | $46M | $38M | $18M | $8M | $4M | |
| Accum. Depreciation | $48M | $38M | $28M | $18M | $6M | $2M | $700.0K | |
| Goodwill | $19M | $19M | $19M | $19M | $0 | · | · | |
| Intangibles | $8M | $14M | $23M | $32M | $600.0K | · | · | |
| Total Assets | $1.93B | $1.85B | $1.63B | $1.69B | $1.51B | $829M | $414M | |
| Total Liabilities | $1.39B | $1.26B | $924M | $824M | $522M | $288M | $117M | |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Paid-in Capital | $1.99B | $1.90B | $1.81B | $1.75B | $1.55B | $860M | $16M | |
| Retained Earnings | $-1.46B | $-1.30B | $-1.10B | $-860M | $-562M | $-321M | $-198M | |
| AOCI | $6M | $-6M | $-9M | $-28M | $-3M | $2M | $100.0K | |
| Stockholders' Equity | $534M | $593M | $709M | $867M | $988M | $541M | $-182M | |
| Liabilities + Equity | $1.93B | $1.85B | $1.63B | $1.69B | $1.51B | $829M | $414M | |
| Shares Outstanding | 75,907,215 | 72,720,866 | 70,163,703 | 69,275,030 | 61,660,996 | 56,774,294 | 11,271,228 |
Cash Flow 11
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| D&A | $15M | $20M | $20M | $12M | $4M | $2M | · | |
| Stock-based Comp | $61M | $64M | $60M | $59M | $44M | $11M | $4M | |
| Deferred Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other Non-cash | $72M | $106M | $38M | $63M | · | · | · | |
| Operating Cash Flow | $-16M | $-11M | $-119M | $-163M | $-145M | $-92M | $-78M | |
| CapEx | $9M | $9M | $9M | $10M | $9M | $4M | $3M | |
| Investing Cash Flow | $-89M | $41M | $89M | $181M | $-805M | $50M | $-54M | |
| Financing Cash Flow | $107M | $88M | $15M | $4M | $650M | $341M | $300M | |
| Net Change in Cash | $11M | $114M | $-15M | $16M | $-301M | $301M | $168M | |
| Taxes Paid | $2M | $100.0K | $-3M | · | · | · | · | |
| Free Cash Flow | $-26M | $-21M | $-128M | $-173M | $-154M | $-96M | · |
Profitability 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Net Margin | -22.4% | -38.4% | -55.1% | -116.0% | -187.9% | -129.6% | · | |
| Pretax Margin | -21.8% | -38.7% | -53.5% | -114.8% | -181.9% | -128.0% | · | |
| EBITDA Margin | 2.1% | 3.8% | 4.7% | 4.8% | · | · | · | |
| ROA | -8.8% | -11.6% | -14.2% | -18.6% | -20.6% | -19.7% | · | |
| ROE | -31.2% | -34.1% | -33.0% | -33.6% | -23.7% | -22.0% | · |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.4 | 0.3 | 0.3 | 0.2 | 0.1 | 0.2 | · |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 40.2% | 22.5% | 67.4% | 99.9% | 36.0% | · | · | |
| Revenue CAGR 3Y | 42.2% | 60.1% | 65.7% | · | · | · | · | |
| Revenue CAGR 5Y | 50.9% | · | · | · | · | · | · |
Valuation (TTM) 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $738M | $526M | $430M | $257M | $128M | $94M | · | |
| Net Income TTM | $-166M | $-202M | $-237M | $-298M | $-241M | $-122M | · | |
| Market Cap | $5.40B | $2.67B | $1.13B | $948M | $2.60B | $6.95B | · | |
| P/E | -31.8 | -12.9 | -4.7 | -3.0 | -10.7 | -33.7 | · | |
| P/S | 7.3 | 5.1 | 2.6 | 3.7 | 20.2 | 73.7 | · | |
| P/B | 10.1 | 4.5 | 1.6 | 1.1 | 2.6 | 12.9 | · | |
| P / Tangible Book | 10.7 | 4.8 | 1.7 | 1.2 | 2.6 | 12.9 | · | |
| P / Cash Flow | -327.5 | -234.0 | -9.5 | -5.8 | -18.0 | -75.8 | · | |
| P / FCF | -208.6 | -128.2 | -8.8 | -5.5 | -16.9 | -72.4 | · | |
| Earnings Yield | -3.1% | -7.8% | -21.1% | -33.6% | -9.4% | -3.0% | · |
Income Statement 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $294M | $258M | $228M | $194M | $164M | $151M | $149M | $137M | $122M | $119M | $116M | $114M | $105M | $95M | $88M | $74M | |
| R&D Expense | $30M | $27M | $25M | $25M | $22M | $22M | $22M | $22M | $21M | $21M | $21M | $22M | $24M | $22M | $24M | $21M | |
| SG&A Expense | $48M | $42M | $43M | $35M | $26M | $36M | $34M | $31M | $30M | $30M | $29M | $37M | $31M | $33M | $31M | $40M | |
| Pretax Income | $-42M | $-35M | $-21M | $-36M | $-43M | $-61M | $-38M | $-66M | $-55M | $-45M | $-40M | $-60M | $-66M | $-65M | $-68M | $-89M | |
| Income Tax | $2M | $1M | $1M | $1M | $1M | $1M | $-8M | $2M | $2M | $2M | $3M | $2M | $1M | $1M | $-4M | $2M | |
| Net Income | $-43M | $-36M | $-22M | $-38M | $-44M | $-62M | $-30M | $-68M | $-57M | $-47M | $-42M | $-62M | $-67M | $-66M | $-64M | $-91M | |
| EPS (Basic) | $-0.56 | $-0.47 | $-0.27 | $-0.51 | $-0.60 | $-0.86 | $-0.42 | $-0.95 | $-0.81 | $-0.67 | $-0.60 | $-0.88 | $-0.97 | $-0.95 | $-0.91 | $-1.37 | |
| EPS (Diluted) | $-0.56 | $-0.47 | $-0.27 | $-0.51 | $-0.60 | $-0.86 | $-0.42 | $-0.95 | $-0.81 | $-0.67 | $-0.60 | $-0.88 | $-0.97 | $-0.95 | $-0.91 | $-1.37 | |
| Shares (Basic) | 76,983,877 | 76,307,698 | -146,605,203 | 74,194,138 | 73,433,379 | 72,921,318 | -141,120,668 | 71,138,070 | 70,721,227 | 70,284,486 | -138,963,498 | 69,753,576 | 69,534,731 | 69,334,103 | -125,470,369 | 66,877,100 | |
| Shares (Diluted) | 76,983,877 | 76,307,698 | -146,605,203 | 74,194,138 | 73,433,379 | 72,921,318 | -141,120,668 | 71,138,070 | 70,721,227 | 70,284,486 | -138,963,498 | 69,753,576 | 69,534,731 | 69,334,103 | -125,470,369 | 66,877,100 | |
| EBITDA | · | $3M | · | · | · | $4M | · | · | · | $5M | · | · | · | $5M | · | · |
Balance Sheet 16
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $368M | $374M | $385M | $346M | $378M | $309M | $376M | $330M | $343M | $279M | · | $232M | $189M | $250M | · | $222M | |
| Short-term Investments | $9M | $20M | $14M | $24M | $21M | $20M | $28M | $31M | $44M | $22M | · | $73M | $71M | $89M | · | $143M | |
| PP&E (Net) | $19M | $17M | $16M | $15M | $16M | $16M | $16M | $16M | $16M | $17M | · | $17M | $19M | $20M | · | $19M | |
| PP&E (Gross) | · | · | $64M | · | · | · | $54M | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $48M | · | · | · | $38M | · | · | · | · | · | · | · | · | · | |
| Goodwill | $19M | $19M | $19M | $19M | $19M | $19M | $19M | $19M | $19M | $19M | · | $19M | $19M | $19M | · | $11M | |
| Intangibles | $8M | $8M | $8M | $8M | $9M | $11M | $14M | $16M | $18M | $20M | · | $25M | $28M | $30M | · | $36M | |
| Total Assets | $2.01B | $1.96B | $1.93B | $1.92B | $1.93B | $1.86B | $1.85B | $1.82B | $1.71B | $1.65B | · | $1.65B | $1.61B | $1.64B | · | $1.71B | |
| Total Liabilities | $1.51B | $1.44B | $1.39B | $1.40B | $1.41B | $1.31B | $1.26B | $1.23B | $1.08B | $970M | · | $921M | $842M | $819M | · | $806M | |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | · | $0 | $0 | $0 | · | $0 | |
| Paid-in Capital | $2.04B | $2.02B | $1.99B | $1.95B | $1.93B | $1.91B | $1.90B | $1.86B | $1.84B | $1.83B | · | $1.80B | $1.78B | $1.77B | · | $1.74B | |
| Retained Earnings | $-1.54B | $-1.50B | $-1.46B | $-1.44B | $-1.41B | $-1.36B | $-1.30B | $-1.27B | $-1.20B | $-1.14B | · | $-1.05B | $-993M | $-926M | · | $-796M | |
| AOCI | $-300.0K | $700.0K | $6M | $5M | $4M | $-3M | $-6M | $-100.0K | $-9M | $-9M | · | $-19M | $-21M | $-22M | · | $-35M | |
| Stockholders' Equity | $500M | $518M | $534M | $516M | $527M | $546M | $593M | $593M | $635M | $676M | $709M | $727M | $771M | $822M | $867M | $907M | |
| Liabilities + Equity | $2.01B | $1.96B | $1.93B | $1.92B | $1.93B | $1.86B | $1.85B | $1.82B | $1.71B | $1.65B | · | $1.65B | $1.61B | $1.64B | · | $1.71B | |
| Shares Outstanding | 77,326,718 | 76,786,720 | 75,907,215 | 74,665,921 | 73,819,710 | 73,212,871 | 72,720,866 | 71,378,678 | 71,002,862 | 70,478,088 | 70,163,703 | 69,909,356 | 69,668,176 | 69,449,348 | 69,275,030 | 69,120,346 |
Cash Flow 9
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $2M | $3M | $3M | $3M | $5M | $4M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $4M | |
| Stock-based Comp | $24M | $21M | $18M | $17M | $15M | $10M | $17M | $17M | $15M | $15M | $14M | $15M | $15M | $15M | $16M | $16M | |
| Other Non-cash | · | $11M | · | · | · | $400.0K | · | · | · | $-2M | · | · | · | $-1M | · | · | |
| Operating Cash Flow | $-3M | $-600.0K | $21M | $4M | $6M | $-47M | $14M | $16M | $-12M | $-30M | $-16M | $-6M | $-50M | $-46M | $-29M | $-55M | |
| CapEx | $5M | $4M | $3M | $2M | $2M | $2M | $3M | $2M | $2M | $2M | $2M | $2M | $2M | $3M | $3M | $3M | |
| Investing Cash Flow | $-32M | $-35M | $-19M | $-59M | $30M | $-40M | $2M | $-54M | $61M | $31M | $41M | $44M | $-11M | $15M | $88M | $81M | |
| Financing Cash Flow | $28M | $26M | $38M | $24M | $24M | $20M | $35M | $24M | $16M | $14M | $7M | $8M | $200.0K | $100.0K | $300.0K | $2M | |
| Net Change in Cash | $-6M | $-10M | $41M | $-30M | $66M | $-66M | $48M | $-12M | $64M | $14M | $33M | $44M | $-61M | $-32M | $62M | $25M | |
| Free Cash Flow | · | $-4M | · | · | · | $-50M | · | · | · | $-32M | · | · | · | $-49M | · | · |
Profitability 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | -14.7% | -13.9% | · | -19.3% | -26.8% | -41.3% | · | -49.6% | -46.9% | -39.7% | · | -53.7% | -64.2% | -69.1% | · | -123.5% | |
| Pretax Margin | -14.2% | -13.4% | · | -18.7% | -26.0% | -40.6% | · | -48.2% | -45.2% | -38.0% | · | -52.0% | -63.0% | -68.0% | · | -120.4% | |
| EBITDA Margin | · | 1.1% | · | · | · | 3.0% | · | · | · | 4.2% | · | · | · | 5.4% | · | · | |
| ROA | -2.2% | -1.9% | · | -2.0% | -2.4% | -3.6% | · | -3.9% | -3.4% | -2.9% | · | -3.7% | -4.4% | -4.2% | · | -5.7% | |
| ROE | -8.5% | -6.7% | · | -6.8% | -7.5% | -10.2% | · | -10.3% | -8.1% | -6.3% | · | -7.5% | -8.3% | -7.6% | · | -9.3% |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.0 |
Valuation (TTM) 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $911M | $768M | · | $646M | $574M | $529M | · | $492M | $460M | $433M | · | $388M | $324M | $264M | · | $204M | |
| Net Income TTM | $-161M | $-180M | · | $-212M | $-231M | $-235M | · | $-234M | $-233M | $-242M | · | $-286M | $-292M | $-300M | · | $-300M | |
| Market Cap | $5.03B | $4.81B | · | $4.00B | $3.23B | $2.30B | · | $1.18B | $1.17B | $1.16B | · | $812M | $1.17B | $990M | · | $1.46B | |
| P/E | -30.4 | -25.7 | · | -18.3 | -13.6 | -9.6 | · | -5.0 | -5.0 | -4.7 | · | -2.8 | -3.8 | -3.1 | · | -4.4 | |
| P/S | 5.5 | 6.3 | · | 6.2 | 5.6 | 4.4 | · | 2.4 | 2.5 | 2.7 | · | 2.1 | 3.6 | 3.8 | · | 7.2 | |
| P/B | 10.1 | 9.3 | · | 7.7 | 6.1 | 4.2 | · | 2.0 | 1.8 | 1.7 | · | 1.1 | 1.5 | 1.2 | · | 1.6 | |
| P / Tangible Book | 10.6 | 9.8 | · | 8.2 | 6.5 | 4.5 | · | 2.1 | 2.0 | 1.8 | · | 1.2 | 1.6 | 1.3 | · | 1.7 | |
| P / Cash Flow | · | -8021.7 | · | · | · | -48.8 | · | · | · | -38.8 | · | · | · | -21.3 | · | · | |
| P / FCF | · | -1173.9 | · | · | · | -46.5 | · | · | · | -35.8 | · | · | · | -20.2 | · | · | |
| Earnings Yield | -3.3% | -3.9% | · | -5.5% | -7.3% | -10.5% | · | -20.1% | -20.2% | -21.1% | · | -35.9% | -26.1% | -32.5% | · | -22.5% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $738M | $526M | $430M | $257M | $128M |
| Net Income | $-166M | $-202M | $-237M | $-298M | $-241M |
| Diluted EPS | $-2.24 | $-2.85 | $-3.40 | $-4.59 | $-3.94 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-26M | $-21M | $-128M | $-173M | $-154M |
Latest News Recent headlines mentioning this company
- Lemonade's Improving Loss Ratio Is the Real Story. Here's Why It Matters More Than Growth.
- BIT Capital Dumps 1.24 Million Lemonade (LMND) Shares Worth $86 Million
- 3 Top Stocks to Buy in May
- Lemonade Stock Sank After Its Q1 2026 Earnings -- Here's the Next Move for Investors
- Should You Buy Lemonade Stock Before April 29?
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Institutional owners (13F) 394 filers · $2.1B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 69 (+2 vs prior Q) | 54 (-3 vs prior Q) | 125 (+3 vs prior Q) | 95 (-22 vs prior Q) | +8.3M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC | $204,297,006 | 3,140,615 | 9.65% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $199,779,869 | 3,071,174 | 9.43% | Shares |
| STATE STREET CORP | $115,088,737 | 1,769,235 | 5.43% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $96,310,309 | 1,480,236 | 4.55% | Shares |
| JANE STREET GROUP, LLC | $76,453,265 | 1,175,300 | 3.61% | Put option |
| TWO SIGMA INVESTMENTS, LP | $76,360,764 | 1,173,878 | 3.61% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $76,199,570 | 1,171,400 | 3.60% | Call option |
| JANE STREET GROUP, LLC | $71,255,770 | 1,095,400 | 3.36% | Call option |
| Halter Ferguson Financial Inc. | $65,428,279 | 1,005,815 | 3.09% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $59,976,100 | 922,000 | 2.83% | Put option |
| CITADEL ADVISORS LLC | $59,208,510 | 910,200 | 2.80% | Call option |
| CITADEL ADVISORS LLC | $55,312,015 | 850,300 | 2.61% | Put option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $45,568,306 | 700,512 | 2.15% | Shares |
| BAILLIE GIFFORD & CO | $42,942,888 | 660,152 | 2.03% | Shares |
| FRONTIER CAPITAL MANAGEMENT CO LLC | $39,668,797 | 609,820 | 1.87% | Shares |
| GOLDMAN SACHS GROUP INC | $37,864,044 | 582,076 | 1.79% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $36,676,881 | 563,826 | 1.73% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $34,344,448 | 527,970 | 1.62% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $31,014,409 | 476,778 | 1.46% | Shares |
| Qube Research & Technologies Ltd | $27,578,013 | 423,951 | 1.30% | Shares |
| Trexquant Investment LP | $27,325,814 | 420,074 | 1.29% | Shares |
| JANE STREET GROUP, LLC | $26,595,107 | 408,841 | 1.26% | Shares |
| TWO SIGMA ADVISERS, LP | $24,834,560 | 348,898 | 1.17% | Shares |
| Woodline Partners LP | $24,182,663 | 371,755 | 1.14% | Shares |
| CITIGROUP INC | $23,952,386 | 368,215 | 1.13% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $21,307,843 | 327,561 | 1.01% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $19,515,000 | 3,000 | 0.92% | Put option |
| WOLVERINE TRADING, LLC | $18,001,907 | 331,100 | 0.85% | Call option |
| PEAK6 LLC | $17,732,630 | 272,600 | 0.84% | Put option |
| Privium Fund Management B.V. | $17,580,348 | 270,259 | 0.83% | Shares |
| GROUP ONE TRADING LLC | $15,056,213 | 231,456 | 0.71% | Shares |
| Squarepoint Ops LLC | $14,591,170 | 224,307 | 0.69% | Shares |
| D. E. Shaw & Co., Inc. | $13,620,559 | 209,386 | 0.64% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $13,549,915 | 208,300 | 0.64% | Shares |
| WOLVERINE TRADING, LLC | $11,341,582 | 208,600 | 0.54% | Put option |
| TUDOR INVESTMENT CORP ET AL | $10,657,207 | 163,831 | 0.50% | Shares |
| BANK OF AMERICA CORP /DE/ | $10,359,928 | 159,261 | 0.49% | Shares |
| Man Group plc | $8,863,518 | 136,257 | 0.42% | Shares |
| Cubist Systematic Strategies, LLC | $8,698,625 | 162,500 | 0.41% | Call option |
| BlackRock, Inc. | $8,603,708 | 132,263 | 0.41% | Shares |
| Walleye Trading LLC | $8,599,610 | 132,200 | 0.41% | Put option |
| CI INVESTMENTS INC. | $8,545,228 | 131,364 | 0.40% | Shares |
| Swiss National Bank | $8,469,510 | 130,200 | 0.40% | Shares |
| PhiloSmith Capital Corp | $8,326,400 | 128,000 | 0.39% | Shares |
| CITADEL ADVISORS LLC | $8,011,103 | 123,153 | 0.38% | Shares |
| BARCLAYS PLC | $7,293,473 | 112,121 | 0.34% | Shares |
| FIRST TRUST ADVISORS LP | $6,816,979 | 104,796 | 0.32% | Shares |
| GILDER GAGNON HOWE & CO LLC | $6,667,690 | 102,501 | 0.31% | Shares |
| LPL Financial LLC | $6,628,579 | 101,900 | 0.31% | Shares |
| Ma Investment Partnership, LP | $6,505,000 | 100,000 | 0.31% | Shares |
| RHUMBLINE ADVISERS | $5,796,726 | 89,112 | 0.27% | Shares |
| Hillsdale Investment Management Inc. | $5,574,785 | 85,700 | 0.26% | Shares |
| Walleye Trading LLC | $5,334,100 | 82,000 | 0.25% | Call option |
| Point72 Asset Management, L.P. | $5,132,445 | 78,900 | 0.24% | Put option |
| Balyasny Asset Management L.P. | $4,920,057 | 75,635 | 0.23% | Shares |
| ALLIANCEBERNSTEIN L.P. | $4,912,608 | 78,376 | 0.23% | Shares |
| PDT Partners, LLC | $4,659,987 | 71,637 | 0.22% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $4,568,557 | 72,887 | 0.22% | Shares |
| EFG International AG | $4,540,022 | 69,766 | 0.21% | Shares |
| Liontrust Investment Partners LLP | $4,509,461 | 69,323 | 0.21% | Shares |
| Sparta 24 Ltd. | $4,445,257 | 68,336 | 0.21% | Shares |
| Niles Investment Management, LLC | $4,441,289 | 68,275 | 0.21% | Shares |
| Point72 Asset Management, L.P. | $3,961,545 | 60,900 | 0.19% | Call option |
| VANGUARD ASSET MANAGEMENT, Ltd | $3,880,948 | 59,661 | 0.18% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $3,805,685 | 58,504 | 0.18% | Shares |
| NIA IMPACT ADVISORS, LLC | $3,754,742 | 57,721 | 0.18% | Shares |
| VANGUARD GROUP INC | $3,697,160 | 51,941 | 0.17% | Shares |
| Amtrust Financial Services, Inc. | $3,684,692 | 56,644 | 0.17% | Shares |
| Baird Financial Group, Inc. | $3,529,418 | 54,257 | 0.17% | Shares |
| TUDOR INVESTMENT CORP ET AL | $3,441,145 | 52,900 | 0.16% | Call option |
| Walleye Trading LLC | $3,145,102 | 48,349 | 0.15% | Shares |
| D. E. Shaw & Co., Inc. | $3,115,895 | 47,900 | 0.15% | Call option |
| ZACKS INVESTMENT MANAGEMENT | $3,088,453 | 47,477 | 0.15% | Shares |
| MORGAN STANLEY | $3,016,499 | 46,372 | 0.14% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $2,971,224 | 45,676 | 0.14% | Shares |
| Toroso Investments, LLC | $2,919,092 | 41,010 | 0.14% | Shares |
| Havemeyer Place LP | $2,911,053 | 44,751 | 0.14% | Shares |
| DNB Asset Management AS | $2,896,026 | 44,520 | 0.14% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $2,858,493 | 43,943 | 0.13% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $2,736,719 | 42,071 | 0.13% | Shares |
| MetLife Investment Management, LLC | $2,723,188 | 41,863 | 0.13% | Shares |
| AMERIPRISE FINANCIAL INC | $2,592,243 | 39,850 | 0.12% | Shares |
| MILLENNIUM MANAGEMENT LLC | $2,494,668 | 38,350 | 0.12% | Shares |
| Walleye Capital LLC | $2,471,900 | 38,000 | 0.12% | Put option |
| CANTOR FITZGERALD, L. P. | $2,384,993 | 36,664 | 0.11% | Shares |
| Clear Street Group Inc. | $2,246,567 | 34,536 | 0.11% | Shares |
| FMR LLC | $2,233,622 | 34,337 | 0.11% | Shares |
| UDINE WEALTH MANAGEMENT, INC. | $2,176,638 | 33,461 | 0.10% | Shares |
| Leo Wealth, LLC | $2,142,041 | 34,174 | 0.10% | Shares |
| Walleye Capital LLC | $2,140,145 | 32,900 | 0.10% | Call option |
| TUDOR INVESTMENT CORP ET AL | $2,055,580 | 31,600 | 0.10% | Put option |
| LMR Partners LLP | $1,978,040 | 30,408 | 0.09% | Shares |
| NOMURA HOLDINGS INC | $1,863,032 | 28,640 | 0.09% | Shares |
| Invesco Ltd. | $1,857,568 | 28,556 | 0.09% | Shares |
| XTX Topco Ltd | $1,843,712 | 28,343 | 0.09% | Shares |
| Quantinno Capital Management LP | $1,831,743 | 28,159 | 0.09% | Shares |
| JANUS HENDERSON GROUP PLC | $1,824,436 | 29,077 | 0.09% | Shares |
| FIFTH THIRD BANCORP | $1,744,771 | 26,822 | 0.08% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $1,730,330 | 26,600 | 0.08% | Call option |
| SIMPLEX TRADING, LLC | $1,688,698 | 25,960 | 0.08% | Shares |
Company insiders 12 insiders · 2 officers · 8 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Timothy E Bixby | Chief Financial Officer | July 7, 2026 S | 174,263 | 0 | 6 | $-8,625,326 |
| Maya Prosor | Chief Business Officer | June 3, 2026 S | 187,573 | 0 | 1 | $-64,867 |
| Michael A Eisenberg | Director | June 10, 2026 G | 195,452 | 0 | 0 | $0 |
| Prashant Ratanchandani | Director | June 3, 2026 A | 6,185 | 0 | 0 | $0 |
| Geoff Seeley | Director | June 3, 2026 A | 5,967 | 0 | 0 | $0 |
| Maria Angelidis-Smith | Director | June 3, 2026 A | 17,744 | 0 | 0 | $0 |
| Samer Haj-Yehia | Director | June 3, 2026 A | 27,187 | 0 | 0 | $0 |
| Debra Schwartz | Director | June 3, 2026 A | 24,415 | 0 | 0 | $0 |
| Joel E Cutler | Director | June 2, 2021 S | 808,754 | 0 | 0 | $0 |
| Haim Sadger | Director | March 10, 2021 J | 348,675 | 0 | 0 | $0 |
| John Sheldon Peters | — | Aug. 13, 2026 S | 76,942 | 0 | 3 | $-942,376 |
| Alex Clavel | — | March 31, 2023 J | 0 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 49 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| FINX · Global X Funds | 0.78% | 26,456 NS | May 31, 2026 | N-PORT |
| TAX · EA Series Trust | 0.61% | 2,699 NS | May 29, 2026 | N-PORT |
| FNY · First Trust Exchange-Traded AlphaDE… | 0.48% | 43,757 NS | April 30, 2026 | N-PORT |
| SMIZ · Zacks Trust | 0.39% | 17,233 NS | May 31, 2026 | N-PORT |
| IAK · iShares Trust | 0.37% | 39,818 SH | Aug. 8, 2026 | Daily |
| FDMO · FIDELITY COVINGTON TRUST | 0.32% | 47,697 NS | April 30, 2026 | N-PORT |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.28% | 76,977 SH | Aug. 8, 2026 | Daily |
| ESSC · Strategy Shares | 0.27% | 1,246 NS | April 30, 2026 | N-PORT |
| IWO · iShares Trust | 0.23% | 652,917 SH | Aug. 8, 2026 | Daily |
| TMFX · RBB Fund, Inc. | 0.21% | 1,190 NS | May 31, 2026 | N-PORT |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.19% | 43,442 NS | April 30, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.16% | 20,806 NS | April 30, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.15% | 2,143 NS | April 30, 2026 | N-PORT |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.14% | 12,034 NS | April 30, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.14% | 414,124 SH | Aug. 8, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | 0.12% | 917,102 SH | Aug. 8, 2026 | Daily |
| ISCG · iShares Trust | 0.12% | 22,612 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.12% | 1,825,138 SH | Aug. 8, 2026 | Daily |
| PNQI · Invesco Exchange-Traded Fund Trust | 0.11% | 11,488 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.11% | 26,801 NS | April 30, 2026 | N-PORT |
| ESUM · Strategy Shares | 0.10% | 2,845 NS | April 30, 2026 | N-PORT |
| FSCC · Federated Hermes ETF Trust | 0.10% | 4,966 NS | May 31, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.09% | 2,907 NS | May 31, 2026 | N-PORT |
| SMLF · iShares Trust | 0.09% | 72,905 SH | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.08% | 305,794 NS | May 31, 2026 | N-PORT |
| VFMO · VANGUARD WELLINGTON FUND | 0.06% | 18,911 SH | Aug. 8, 2026 | Daily |
| ISCB · iShares Trust | 0.06% | 3,117 SH | Aug. 8, 2026 | Daily |
| UWM · ProShares Trust | 0.05% | 2,274 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.05% | 749,035 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.05% | 1,585,889 SH | Aug. 8, 2026 | Daily |
| VFH · VANGUARD WORLD FUND | 0.05% | 105,818 SH | Aug. 8, 2026 | Daily |
| ESML · iShares Trust | 0.04% | 24,932 SH | Aug. 8, 2026 | Daily |
| FNCL · FIDELITY COVINGTON TRUST | 0.04% | 16,480 NS | April 30, 2026 | N-PORT |
| URTY · ProShares Trust | 0.04% | 2,301 NS | May 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.03% | 3,752 SH | Aug. 8, 2026 | Daily |
| AVIE · AMERICAN CENTURY ETF TRUST | 0.03% | 47 NS | May 31, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.03% | 14,150 SH | Aug. 8, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.02% | 3,739 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.02% | 2,426 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.02% | 58 NS | May 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.01% | 2,193,559 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.01% | 5,924 SH | Aug. 8, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.01% | 15,870 SH | Aug. 8, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.01% | 16,773 NS | April 30, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.01% | 2,244 NS | April 30, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.01% | 36,994 NS | May 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 84,250 SH | Aug. 8, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 16,481 SH | Aug. 8, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 57,859 SH | Aug. 8, 2026 | Daily |