Lemonade Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Premiums Earned	536.3	370.6	315.2	172.4	77
Investment Income	37.8	34	24.7	8.4	1.9
Total Other Revenues	163.8	121.9	89.9	75.9	49.5
Revenue	737.9	526.5	429.8	256.7	128.4
Revenue Growth (YoY)	40.15%	22.50%	67.43%	99.92%	36.02%
Insurance Benefits & Claims	347	277	280.4	167.3	71.9
Policy Amortization Costs	93.7	76.8	59.2	44	24.1
Other Operating Expenses	458.1	376.6	320	340.2	266
Operating Income	-160.9	-203.9	-229.8	-294.8	-233.6
Pretax Income	-160.9	-203.9	-229.8	-294.8	-233.6
Provision for Income Taxes	4.6	-1.7	7.1	3	7.7
Net Income	-165.5	-202.2	-236.9	-297.8	-241.3
Net Income to Common	-165.5	-202.2	-236.9	-297.8	-241.3
Shares Outstanding (Basic)	74	71	70	65	61
Shares Outstanding (Diluted)	74	71	70	65	61
Shares Change (YoY)	4.11%	1.96%	7.30%	6.04%	81.92%
EPS (Basic)	-2.24	-2.85	-3.40	-4.59	-3.94
EPS (Diluted)	-2.24	-2.85	-3.40	-4.59	-3.94
Free Cash Flow	-25.9	-20.8	-128.3	-173.1	-154
Free Cash Flow Per Share	-0.35	-0.29	-1.84	-2.67	-2.52
Operating Margin	-21.81%	-38.73%	-53.47%	-114.84%	-181.93%
Profit Margin	-22.43%	-38.40%	-55.12%	-116.01%	-187.93%
FCF Margin	-3.51%	-3.95%	-29.85%	-67.43%	-119.94%
EBITDA	-145.7	-183.9	-209.8	-282.6	-229.9
EBITDA Margin	-19.75%	-34.93%	-48.81%	-110.09%	-179.05%
EBIT	-160.9	-203.9	-229.8	-294.8	-233.6
EBIT Margin	-21.81%	-38.73%	-53.47%	-114.84%	-181.93%
Effective Tax Rate	-2.86%	0.83%	-3.09%	-1.02%	-3.30%

Updated Feb 19, 2026. Data Source: Fiscal.ai. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q