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

45.65 4.31 +10.43%
Market cap
$3.2B
P/E
0.0×
Fwd P/E
−23.2×
Dividend yield
—
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Lemonade, Inc. (LMND) Free cash flow margin

Alert me on Free cash flow margin

Lemonade, Inc.'s free cash flow margin over the twelve months to 30 June 2026 was 0.83%, up 4.3 percentage points from fiscal 2025 (−3.51%). Over the past ten years it has ranged from −795.8% (fiscal 2017) to −3.51% (fiscal 2025) — the current reading is the highest in ten years. That is below the Insurance Property & Casualty industry median of 17.5% and below the Financial sector median of 11.4%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 −3.51% 0.44
FY2024 −3.95% 25.90
FY2023 −29.9% 37.58
FY2022 −67.4% 52.51
FY2021 −119.9% (18.14)
FY2020 −101.8% 18.26
FY2019 −120.1% 64.38
FY2018 −184.4% 611.39
FY2017 −795.8% —

Against its own ten years

Low −795.8% High −3.51%
Ten-year median −101.8%
Current reading's percentile 100

Free cash flow margin against peers

Company Free cash flow margin
SLDE Slide Insurance Holdings, Inc. compare 64.7%
HCI HCI Group, Inc. compare 43.0%
PLMR Palomar Holdings, Inc. compare 37.4%
HMN Horace Mann Educators Corporation compare 32.4%
SKWD Skyward Specialty Insurance Group, Inc. compare 23.2%
PRCH Porch Group, Inc. compare 18.6%
KMPR Kemper Corporation compare 8.68%
LMND Lemonade, Inc. 0.83%
HGTY Hagerty, Inc. compare 0.00%
Insurance Property & Casualty industry median 17.5%
Financial sector median 11.4%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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