Lemonade, Inc. (LMND)
NYSE: LMND · Real-Time Price · USD
54.51
+0.87 (1.62%)
Aug 27, 2026, 2:27 PM EDT - Market open
Lemonade Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 Income | -138.4 | -165.5 | -202.2 | -236.9 | -297.8 | -241.3 |
Depreciation & Amortization | 11.1 | 15.2 | 20 | 20 | 12.2 | 3.7 |
Gain (Loss) on Sale of Investments | -5.2 | -5.8 | -6.1 | -2.6 | 6.7 | -4.2 |
Stock-Based Compensation | 81.3 | 61.3 | 64.5 | 59.9 | 59.3 | 44.1 |
Change in Accounts Receivable | -169.1 | -123.2 | -90.2 | -50.5 | -43.8 | -47.2 |
Reinsurance Recoverable | 45.7 | 17 | -32 | 18.4 | -52.6 | -40.8 |
Change in Accounts Payable | 0.2 | -4 | 3.9 | -0.5 | -0.7 | -0.4 |
Change in Unearned Revenue | 118 | 94.6 | 125.5 | 67.4 | 68.3 | 98 |
Change in Insurance Reserves / Liabilities | -2.3 | 5 | 35.8 | 6.1 | 74 | 51.6 |
Change in Other Net Operating Assets | 156.5 | 119 | -29.9 | -7.9 | -17 | -58.3 |
Other Operating Activities | -2.3 | -2.3 | - | - | - | - |
Operating Cash Flow | 21.2 | -16.5 | -11.4 | -119.1 | -163 | -144.6 |
Operating Cash Flow Growth | - | - | - | - | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -13.1 | -9.4 | -9.4 | -9.2 | -10.1 | -9.4 |
Cash Acquisitions | - | - | - | - | 98.8 | - |
Investment in Securities | -132 | -79.7 | 50 | 97.9 | 92.4 | -795.4 |
Investing Cash Flow | -145.1 | -89.1 | 40.6 | 88.7 | 181.1 | -804.8 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Long-Term Debt Issued | - | 133 | 96.1 | 19.1 | - | - |
Total Debt Repaid | -73.9 | -58.3 | -27.7 | -4.2 | - | - |
Net Debt Issued (Repaid) | 82.9 | 74.7 | 68.4 | 14.9 | - | - |
Issuance of Common Stock | 34 | 31.9 | 19.3 | 0.5 | 3.6 | 649.6 |
Financing Cash Flow | 116.9 | 106.6 | 87.7 | 15.4 | 3.6 | 649.6 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | 1.3 | 10.1 | -2.7 | - | -5.8 | -1 |
Net Cash Flow | -5.7 | 11.1 | 114.2 | -15 | 15.9 | -300.8 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 8.1 | -25.9 | -20.8 | -128.3 | -173.1 | -154 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | 0.83% | -3.51% | -3.95% | -29.85% | -67.43% | -119.94% |
Free Cash Flow Per Share | 0.11 | -0.35 | -0.29 | -1.84 | -2.67 | -2.52 |
Levered Free Cash Flow | 94.4 | 115.35 | 50.45 | 193.66 | -142.4 | -210.5 |
Unlevered Free Cash Flow | 108.9 | 126.16 | 54.33 | 193.91 | -142.4 | -210.5 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Interest Paid | 22.1 | 16.3 | 5 | 0.3 | - | - |
Cash Income Tax Paid | 3 | 2.5 | 2.5 | 0.7 | 3.4 | 3.2 |
Change in Working Capital | 49.3 | 58.5 | 101.1 | 28.7 | 47.9 | 46.9 |