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) Operating margin

Alert me on Operating margin

Lemonade, Inc.'s operating margin over the twelve months to 30 June 2026 was −13.7%, up 8.1 percentage points from fiscal 2025 (−21.8%). Over the past ten years it has ranged from −233.8% (fiscal 2018) to 0.00% (fiscal 2017); the current reading is higher than 89% of that period. That is below the Insurance Property & Casualty industry median of 14.7% and below the Financial sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 −21.8% 16.92
FY2024 −38.7% 14.74
FY2023 −53.5% 61.37
FY2022 −114.8% 67.09
FY2021 −181.9% (53.96)
FY2020 −128.0% 32.36
FY2019 −160.3% 73.45
FY2018 −233.8% (233.78)
FY2017 0.00% —

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 −14.2% (0.79)
Mar 2026 −13.4% (4.38)
Dec 2025 −9.03% 9.63
Sep 2025 −18.7% 7.30
24 more quarters

Against its own ten years

Low −233.8% High 0.00%
Ten-year median −114.8%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
SLDE Slide Insurance Holdings, Inc. compare 50.7%
HCI HCI Group, Inc. compare 48.8%
PLMR Palomar Holdings, Inc. compare 24.9%
SKWD Skyward Specialty Insurance Group, Inc. compare 15.1%
HMN Horace Mann Educators Corporation compare 14.6%
HGTY Hagerty, Inc. compare 13.4%
PRCH Porch Group, Inc. compare 7.97%
KMPR Kemper Corporation compare −10.6%
LMND Lemonade, Inc. −13.7%
Insurance Property & Casualty industry median 14.7%
Financial sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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