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Lemonade, Inc. (LMND)
NYSE: LMND · Real-Time Price · USD
45.36
-0.55 (-1.20%)
At close: Oct 28, 2026, 4:00 PM EDT
45.14
-0.22 (-0.49%)
Pre-market: Oct 29, 2026, 4:30 AM EDT

Lemonade Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
-138.4-165.5-202.2-236.9-297.8-241.3
Depreciation & Amortization
11.115.2202012.23.7
Gain (Loss) on Sale of Investments
-5.2-5.8-6.1-2.66.7-4.2
Stock-Based Compensation
81.361.364.559.959.344.1
Change in Accounts Receivable
-169.1-123.2-90.2-50.5-43.8-47.2
Reinsurance Recoverable
45.717-3218.4-52.6-40.8
Change in Accounts Payable
0.2-43.9-0.5-0.7-0.4
Change in Unearned Revenue
11894.6125.567.468.398
Change in Insurance Reserves / Liabilities
-2.3535.86.17451.6
Change in Other Net Operating Assets
156.5119-29.9-7.9-17-58.3
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
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-13.1-9.4-9.4-9.2-10.1-9.4
Cash Acquisitions
----98.8-
Investment in Securities
-132-79.75097.992.4-795.4
Investing Cash Flow
-145.1-89.140.688.7181.1-804.8

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-13396.119.1--
Total Debt Repaid
-73.9-58.3-27.7-4.2--
Net Debt Issued (Repaid)
82.974.768.414.9--
Issuance of Common Stock
3431.919.30.53.6649.6
Financing Cash Flow
116.9106.687.715.43.6649.6

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
1.310.1-2.7--5.8-1
Net Cash Flow
-5.711.1114.2-1515.9-300.8

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
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
94.4115.3550.45193.66-142.4-210.5
Unlevered Free Cash Flow
108.9126.1654.33193.91-142.4-210.5

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
22.116.350.3--
Cash Income Tax Paid
32.52.50.73.43.2
Change in Working Capital
49.358.5101.128.747.946.9
SEC Filings: 10-K · 10-Q