Lemonade, Inc.
LMND Financial Insurance Property & Casualty
Lemonade, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $737.9 million, up 40.2% from fiscal 2024.
- Revenue
- +79.4%
- EPS
- +6.67%
- Free cash flow
- −335.3%
- Total debt
- +67.1%
Quarter to June 2026, against a year earlier
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Lemonade, Inc. (LMND) Debt to equity
Lemonade, Inc.'s debt to equity at the end of the quarter to 30 June 2026 was 0.4×, up 0.1× from fiscal 2025 (0.3×). Over the past ten years it has ranged from 0.0× (fiscal 2022) to 0.3× (fiscal 2025) — the current reading is the highest in ten years. That is above the Insurance Property & Casualty industry median of 0.2× and above the Financial sector median of 0.2×.
Debt to equity, annual
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Annual newest first
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | 0.3× | 110.89% |
| FY2024 | 0.1× | 569.05% |
| FY2023 | 0.0× | — |
| FY2022 | 0.0× | — |
| FY2021 | 0.0× | — |
| FY2020 | 0.0× | — |
| FY2019 | 0.0× | — |
| FY2018 | 0.0× | — |
| FY2017 | 0.0× | — |
Quarterly newest first
| Period | Debt to equity | Change |
|---|---|---|
| Jun 2026 | 0.4× | 19.18% |
| Mar 2026 | 0.3× | 17.01% |
| Dec 2025 | 0.3× | 10.03% |
| Sep 2025 | 0.3× | 14.94% |
| 26 more quarters | Free account |
Against its own ten years
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| SLDE Slide Insurance Holdings, Inc. compare | 0.0× |
| HCI HCI Group, Inc. compare | 0.1× |
| PLMR Palomar Holdings, Inc. compare | 0.3× |
| HGTY Hagerty, Inc. compare | 0.3× |
| SKWD Skyward Specialty Insurance Group, Inc. compare | 0.3× |
| HMN Horace Mann Educators Corporation compare | 0.4× |
| LMND Lemonade, Inc. | 0.4× |
| KMPR Kemper Corporation compare | 0.4× |
| PRCH Porch Group, Inc. compare | 13.6× |
| Insurance Property & Casualty industry median | 0.2× |
| Financial sector median | 0.2× |
| Market median | 0.2× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
More on LMND
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement