Lemonade Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

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
Stock-Based Compensation	81.3	61.3	64.5	59.9	59.3	44.1
Other Adjustments	20.2	14	5.2	9.2	15.4	2
Changes in Receivables	-169.1	-123.2	-90.2	-50.5	-43.8	-47.2
Changes in Reinsurance Contract Assets	202	122.7	-89.3	-13.4	-67.5	-99.1
Changes in Deferred Acquisition Costs	-3.5	0.1	-3.4	-1.9	-0.8	-2.7
Changes in Accounts Payable	-8.9	-3.9	4.5	4.3	-13.1	5.3
Changes in Accrued Expenses	7.4	21.5	6.2	15	4.9	38.6
Changes in Unearned Premiums	152.2	122	101.3	65.7	65.1	83.9
Changes in Claims Reserves	-2.3	5	35.8	6.1	74	51.6
Changes in Other Operating Activities	-128.5	-85.7	136.2	3.4	29.1	16.5
Operating Cash Flow	21.2	-16.5	-11.4	-119.1	-163	-144.6
Operating Cash Flow Growth	-	-	-	-	-	-
Capital Expenditures	-13.1	-9.4	-9.4	-9.2	-10.1	-9.4
Purchases of Investments	-748.9	-504.4	-363.8	-395.2	-270.1	-842.8
Proceeds from Sale of Investments	616.9	424.7	413.8	493.1	362.5	47.4
Cash Acquisitions	-	-	-	-	98.8	-
Investing Cash Flow	-145.1	-89.1	40.6	88.7	181.1	-804.8
Long-Term Debt Issued	156.8	133	96.1	19.1	-	-
Long-Term Debt Repaid	-73.9	-58.3	-27.7	-4.2	-	-
Net Long-Term 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
Net Common Stock Issued (Repurchased)	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
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	8.1	-25.9	-20.8	-128.3	-173.1	-154
Free Cash Flow Growth	-	-	-	-	-	-
FCF 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	163.2	91.7	32.3	-138.1	-278	-204.5
Unlevered Free Cash Flow	80.3	17	-36.1	-153	-278	-204.5

SEC Filings: 10-K · 10-Q