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) Return on invested capital

Alert me on Return on invested capital

Lemonade, Inc.'s return on invested capital over the twelve months to 30 June 2026 was −25.6%, up 8.5 percentage points from fiscal 2025 (−34.1%). Over the past ten years it has ranged from −246.1% (fiscal 2019) to 0.00% (fiscal 2020); the current reading is higher than 33% of that period. That is below the Insurance Property & Casualty industry median of 12.0% and below the Financial sector median of 5.07%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 −34.1% 9.68
FY2024 −43.8% (12.03)
FY2023 −31.8% 0.00
FY2022 −31.8% (11.40)
FY2021 −20.4% (20.35)
FY2020 0.00% 246.12
FY2019 −246.1% (246.12)
FY2018 0.00% 0.00
FY2017 0.00% —

Against its own ten years

Low −246.1% High 0.00%
Ten-year median −31.8%
Current reading's percentile 33

Return on invested capital against peers

Company Return on invested capital
HCI HCI Group, Inc. compare 79.2%
PLMR Palomar Holdings, Inc. compare 13.5%
SKWD Skyward Specialty Insurance Group, Inc. compare 10.9%
HMN Horace Mann Educators Corporation compare 7.75%
PRCH Porch Group, Inc. compare 7.73%
SLDE Slide Insurance Holdings, Inc. compare 0.00%
HGTY Hagerty, Inc. compare 0.00%
KMPR Kemper Corporation compare −9.97%
LMND Lemonade, Inc. −25.6%
Insurance Property & Casualty industry median 12.0%
Financial sector median 5.07%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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