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) Net margin

Alert me on Net margin

Lemonade, Inc.'s net margin over the twelve months to 30 June 2026 was −14.2%, up 8.2 percentage points from fiscal 2025 (−22.4%). Over the past ten years it has ranged from −1,170.8% (fiscal 2017) to −22.4% (fiscal 2025) — the current reading is the highest in ten years. That is below the Insurance Property & Casualty industry median of 10.8% and below the Financial sector median of 14.6%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 −22.4% 15.97
FY2024 −38.4% 16.72
FY2023 −55.1% 60.89
FY2022 −116.0% 71.92
FY2021 −187.9% (58.37)
FY2020 −129.6% 31.66
FY2019 −161.2% 73.89
FY2018 −235.1% 935.72
FY2017 −1,170.8% —

Quarterly newest first

Period Net margin Change (points)
Jun 2026 −14.7% (0.86)
Mar 2026 −13.9% (4.37)
Dec 2025 −9.51% 9.77
Sep 2025 −19.3% 7.47
24 more quarters

Against its own ten years

Low −1,170.8% High −22.4%
Ten-year median −129.6%
Current reading's percentile 100

Net margin against peers

Company Net margin
SLDE Slide Insurance Holdings, Inc. compare 39.3%
HCI HCI Group, Inc. compare 31.3%
PLMR Palomar Holdings, Inc. compare 18.6%
SKWD Skyward Specialty Insurance Group, Inc. compare 10.8%
HMN Horace Mann Educators Corporation compare 10.2%
PRCH Porch Group, Inc. compare 1.81%
HGTY Hagerty, Inc. compare 0.00%
KMPR Kemper Corporation compare −10.8%
LMND Lemonade, Inc. −14.2%
Insurance Property & Casualty industry median 10.8%
Financial sector median 14.6%
Market median 1.22%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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