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Wednesday 4 November 2026 Export LMND’s income statement to Excel — free account

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
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Lemonade, Inc. (LMND) P/B ratio

Alert me on P/B ratio

As of 3 November 2026, Lemonade, Inc. (LMND) trades at a P/B ratio of 6.4×. Over the past ten years it has ranged from 0.0× (September 2020) to 13.4× (January 2026); the current reading is higher than 76% of that period. That is above the Insurance Property & Casualty industry median of 2.0× and above the Financial sector median of 1.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 9.9× 124.68%
FY2024 4.4× 162.20%
FY2023 1.7× 62.82%
FY2022 1.0× (60.58%)
FY2021 2.6× (65.77%)
FY2020 7.6× —
FY2019 0.0× —
FY2018 0.0× —
FY2017 0.0× —

Quarterly newest first

Period P/B ratio Change
Jun 2026 10.0× 8.58%
Mar 2026 9.2× (6.39%)
Dec 2025 9.9× 28.20%
Sep 2025 7.7× 26.06%
24 more quarters

Against its own ten years

Low 0.0× High 13.4×
Ten-year median 2.9×
Current reading's percentile 75

P/B ratio against peers

Company P/B ratio
KMPR Kemper Corporation compare 0.9×
HMN Horace Mann Educators Corporation compare 1.3×
HCI HCI Group, Inc. compare 2.1×
SKWD Skyward Specialty Insurance Group, Inc. compare 2.1×
SLDE Slide Insurance Holdings, Inc. compare 2.5×
HGTY Hagerty, Inc. compare 2.6×
PLMR Palomar Holdings, Inc. compare 3.8×
LMND Lemonade, Inc. 6.4×
PRCH Porch Group, Inc. compare 82.6×
Insurance Property & Casualty industry median 2.0×
Financial sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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