Lemonade, Inc. (LMND)

Lemonade Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	370.6	315.2	172.4	77	77.3
Total Interest & Dividend Income	34	24.7	8.4	1.9	1.5
Other Revenue	121.9	89.9	75.9	49.5	15.6
Total Revenue	526.5	429.8	256.7	128.4	94.4
Revenue Growth (YoY)	22.50%	67.43%	99.92%	36.02%	40.27%
Policy Benefits	277	280.4	167.3	71.9	54.7
Selling, General & Administrative	384.8	315	319.2	247.5	150.3
Total Operating Expenses	724.2	652.5	543.1	362	215.2
Operating Income	-197.7	-222.7	-286.4	-233.6	-120.8
Interest Expense	-6.2	-0.4	-	-	-
EBT Excluding Unusual Items	-203.9	-223.1	-286.4	-233.6	-120.8
Merger & Restructuring Charges	-	-	-8.4	-	-
Asset Writedown	-	-3.7	-	-	-
Legal Settlements	-	-3	-	-	-
Pretax Income	-203.9	-229.8	-294.8	-233.6	-120.8
Income Tax Expense	-1.7	7.1	3	7.7	1.5
Net Income	-202.2	-236.9	-297.8	-241.3	-122.3
Net Income to Common	-202.2	-236.9	-297.8	-241.3	-122.3
Shares Outstanding (Basic)	71	70	65	61	34
Shares Outstanding (Diluted)	71	70	65	61	34
Shares Change (YoY)	1.96%	7.30%	6.04%	81.92%	202.53%
EPS (Basic)	-2.85	-3.40	-4.59	-3.94	-3.63
EPS (Diluted)	-2.85	-3.40	-4.59	-3.94	-3.63
Free Cash Flow	-20.8	-128.3	-173.1	-154	-96.1
Free Cash Flow Per Share	-0.29	-1.84	-2.67	-2.52	-2.85
Operating Margin	-37.55%	-51.81%	-111.57%	-181.93%	-127.97%
Profit Margin	-38.41%	-55.12%	-116.01%	-187.93%	-129.56%
Free Cash Flow Margin	-3.95%	-29.85%	-67.43%	-119.94%	-101.80%
EBITDA	-177.7	-202.7	-274.2	-229.9	-119.1
EBITDA Margin	-33.75%	-47.16%	-106.82%	-179.05%	-126.16%
D&A For EBITDA	20	20	12.2	3.7	1.7
EBIT	-197.7	-222.7	-286.4	-233.6	-120.8
EBIT Margin	-37.55%	-51.81%	-111.57%	-181.93%	-127.97%
Revenue as Reported	526.5	429.8	256.7	128.4	94.4

Updated Feb 26, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q