Lemonade Income 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	Mar '26 Mar 31, 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 Premiums Earned	644.6	536.3	370.6	315.2	172.4	77
Investment Income	38.1	37.8	34	24.7	8.4	1.9
Total Other Revenues	162	163.8	121.9	89.9	75.9	49.5
Revenue	844.7	737.9	526.5	429.8	256.7	128.4
Revenue Growth (YoY)	51.22%	40.15%	22.50%	67.43%	99.92%	36.02%
Insurance Benefits & Claims	394.9	347	277	280.4	167.3	71.9
Policy Amortization Costs	91.7	93.7	76.8	59.2	44	24.1
Other Operating Expenses	492.2	458.1	376.6	320	340.2	266
Operating Income	-134.1	-160.9	-203.9	-229.8	-294.8	-233.6
Pretax Income	-134.1	-160.9	-203.9	-229.8	-294.8	-233.6
Provision for Income Taxes	4.8	4.6	-1.7	7.1	3	7.7
Net Income	-138.9	-165.5	-202.2	-236.9	-297.8	-241.3
Net Income to Common	-138.9	-165.5	-202.2	-236.9	-297.8	-241.3
Shares Outstanding (Basic)	75	74	71	70	65	61
Shares Outstanding (Diluted)	75	74	71	70	65	61
Shares Change (YoY)	4.33%	4.11%	1.96%	7.30%	6.04%	81.92%
EPS (Basic)	-1.87	-2.24	-2.85	-3.40	-4.59	-3.94
EPS (Diluted)	-1.87	-2.24	-2.85	-3.40	-4.59	-3.94
Shares Outstanding	76.38	75.91	72.72	70.16	69.28	61.66
Free Cash Flow	19.5	-25.9	-20.8	-128.3	-173.1	-154
Free Cash Flow Per Share	0.26	-0.35	-0.29	-1.84	-2.67	-2.52
Operating Margin	-15.88%	-21.81%	-38.73%	-53.47%	-114.84%	-181.93%
Profit Margin	-16.44%	-22.43%	-38.40%	-55.12%	-116.01%	-187.93%
FCF Margin	2.31%	-3.51%	-3.95%	-29.85%	-67.43%	-119.94%
EBITDA	-120.7	-145.7	-183.9	-209.8	-282.6	-229.9
EBITDA Margin	-14.29%	-19.75%	-34.93%	-48.81%	-110.09%	-179.05%
EBIT	-134.1	-160.9	-203.9	-229.8	-294.8	-233.6
EBIT Margin	-15.88%	-21.81%	-38.73%	-53.47%	-114.84%	-181.93%
Effective Tax Rate	-3.58%	-2.86%	0.83%	-3.09%	-1.02%	-3.30%

Updated Apr 28, 2026. Data Source: Fiscal.ai. Insurance template. Financial Sources.

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