Lemonade, Inc. (LMND)

Lemonade Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	453.7	429.8	256.7	128.4	94.4	67.3
Revenue Growth (YoY)	47.50%	67.43%	99.92%	36.02%	40.27%	199.11%
Cost of Revenue	345.6	339.6	211.3	96	69.1	55.4
Gross Profit	108.1	90.2	45.4	32.4	25.3	11.9
Selling, General & Admin	230.5	231.2	260.6	214.2	126.7	110
Research & Development	87.9	88.8	79.6	51.8	19.4	9.8
Operating Expenses	318.4	320	340.2	266	146.1	119.8
Operating Income	-210.3	-229.8	-294.8	-233.6	-120.8	-107.9
Pretax Income	-210.3	-229.8	-294.8	-233.6	-120.8	-107.9
Income Tax	8.1	7.1	3	7.7	1.5	0.6
Net Income	-218.4	-236.9	-297.8	-241.3	-122.3	-108.5
Shares Outstanding (Basic)	70	70	65	61	34	11
Shares Outstanding (Diluted)	70	70	65	61	34	11
Shares Change	1.37%	7.30%	6.04%	81.92%	202.53%	1.76%
EPS (Basic)	-3.12	-3.40	-4.59	-3.94	-3.63	-9.75
EPS (Diluted)	-3.12	-3.40	-4.59	-3.94	-3.63	-9.75
Free Cash Flow	-111.5	-128.3	-173.1	-154	-96.1	-80.8
Free Cash Flow Per Share	-1.59	-1.84	-2.67	-2.52	-2.85	-7.26
Gross Margin	23.83%	20.99%	17.69%	25.23%	26.80%	17.68%
Operating Margin	-46.35%	-53.47%	-114.84%	-181.93%	-127.97%	-160.33%
Profit Margin	-48.14%	-55.12%	-116.01%	-187.93%	-129.56%	-161.22%
Free Cash Flow Margin	-24.58%	-29.85%	-67.43%	-119.94%	-101.80%	-120.06%
EBITDA	-190.4	-209.8	-282.6	-229.9	-119.1	-107.3
EBITDA Margin	-41.97%	-48.81%	-110.09%	-179.05%	-126.17%	-159.44%
Depreciation & Amortization	19.9	20	12.2	3.7	1.7	0.6
EBIT	-210.3	-229.8	-294.8	-233.6	-120.8	-107.9
EBIT Margin	-46.35%	-53.47%	-114.84%	-181.93%	-127.97%	-160.33%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).