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) 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 | Free account |
Against its own ten years
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
More on LMND
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement