Lemonade, Inc. (LMND) — Financial statements
Income statement, balance sheet, and cash flow for Lemonade, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 738↑40.2% | 527↑22.5% | 430↑67.4% | 257↑99.9% | 128 | |
| Cost of Revenue | 441↑24.6% | 354↑4.2% | 340↑48.8% | 228↑116.4% | 106 | |
| Gross Profit | 297↑72.1% | 173↑91.5% | 90↑217.6% | 28↑24.0% | 23 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 140↑12.3% | 125↓3.7% | 129↑5.7% | 122↑68.5% | 73 | |
| Selling & Marketing Expenses | 224↑34.9% | 166↑63.2% | 102↓26.3% | 138↓2.3% | 142 | |
| SG&A Expenses | 364↑25.2% | 291↑25.8% | 231↓11.3% | 261↑21.7% | 214 | |
| Other Expenses | 94↑9.4% | 86↓3.4% | 89↑41.9% | 63↑48.0% | 42 | |
| Operating Expenses | 458↑21.6% | 377↑17.7% | 320↓1.0% | 323↑26.0% | 257 | |
| Total Costs & Expenses | 899↑23.1% | 730↑10.7% | 660↑19.6% | 552↑52.3% | 362 | |
| Operating Results | ||||||
| Operating Income | -161↑21.1% | -204↑11.3% | -230↑22.0% | -295↓26.2% | -234 | |
| Depreciation & Amortization | 15↓24.0% | 20↑0.0% | 20↑63.9% | 12↑229.7% | 4 | |
| EBITDA | -146↑20.8% | -184↑12.3% | -210↑25.8% | -283↓22.9% | -230 | |
| EBIT | -161↑21.1% | -204↑11.3% | -230↑22.0% | -295↓26.2% | -234 | |
| Interest & Other Income | ||||||
| Net Interest Income | 8↓1.2% | 8↑97.6% | 4↑250.0% | 1↑200.0% | 0.40 | |
| Interest Income | 8↓1.2% | 8↑97.6% | 4↑250.0% | 1↑200.0% | 0.40 | |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | -161↑21.1% | -204↑11.3% | -230↑22.0% | -295↓26.2% | -234 | |
| Income Tax Expense | 5↑370.6% | -2↓123.9% | 7↑136.7% | 3↓61.0% | 8 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -166↑18.2% | -202↑14.6% | -237↑20.4% | -298↓23.4% | -241 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -166↑18.2% | -202↑14.6% | -237↑20.4% | -298↓23.4% | -241 | |
| Bottom-Line Net Income | -166↑18.2% | -202↑14.6% | -237↑20.4% | -298↓23.4% | -241 | |
| EPS (Basic) | -2.30↑19.3% | -2.85↑16.2% | -3.40↑25.9% | -4.59↓16.5% | -3.94 | |
| EPS (Diluted) | -2.30↑19.3% | -2.85↑16.2% | -3.40↑25.9% | -4.59↓16.5% | -3.94 | |
| Weighted Average Shares | 72↑1.1% | 71↑2.0% | 70↑7.3% | 65↑6.0% | 61 | |
| Weighted Average Diluted Shares | 72↑1.1% | 71↑2.0% | 70↑7.3% | 65↑6.0% | 61 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.