Lemonade, Inc. (LMND)

Lemonade Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Premiums & Annuity Revenue	536.3	370.6	315.2	172.4	77
Total Interest & Dividend Income	37.8	34	24.7	8.4	1.9
Other Revenue	163.8	121.9	89.9	75.9	49.5
Total Revenue	737.9	526.5	429.8	256.7	128.4
Revenue Growth (YoY)	40.15%	22.50%	67.43%	99.92%	36.02%
Policy Benefits	347	277	280.4	167.3	71.9
Selling, General & Administrative	492.8	384.8	315	319.2	247.5
Total Operating Expenses	898.8	724.2	652.5	543.1	362
Operating Income	-160.9	-197.7	-222.7	-286.4	-233.6
Interest Expense	-	-6.2	-0.4	-	-
EBT Excluding Unusual Items	-160.9	-203.9	-223.1	-286.4	-233.6
Merger & Restructuring Charges	-	-	-	-8.4	-
Asset Writedown	-	-	-3.7	-	-
Legal Settlements	-	-	-3	-	-
Pretax Income	-160.9	-203.9	-229.8	-294.8	-233.6
Income Tax Expense	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	-21.80%	-37.55%	-51.81%	-111.57%	-181.93%
Profit Margin	-22.43%	-38.41%	-55.12%	-116.01%	-187.93%
Free Cash Flow Margin	-3.51%	-3.95%	-29.85%	-67.43%	-119.94%
EBITDA	-145.7	-177.7	-202.7	-274.2	-229.9
EBITDA Margin	-19.74%	-33.75%	-47.16%	-106.82%	-179.05%
D&A For EBITDA	15.2	20	20	12.2	3.7
EBIT	-160.9	-197.7	-222.7	-286.4	-233.6
EBIT Margin	-21.80%	-37.55%	-51.81%	-111.57%	-181.93%
Revenue as Reported	737.9	526.5	429.8	256.7	128.4

Updated Feb 19, 2026. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q