Growth & profitability
- Revenue has grown 50.9% per year over the past 5 years.
Financial health
- The company is unprofitable; at its current free-cash-flow burn it has roughly 14.9 years of cash runway.
LMND Financials Lemonade, Inc.
8 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $738M | -$166M | 0.0% | 0.0% | -$26M | — | $385M |
| 2024 | $527M | -$202M | 0.0% | 0.0% | -$21M | — | $376M |
| 2023 | $430M | -$237M | 0.0% | 0.0% | -$128M | — | $265M |
| 2022 | $257M | -$298M | 0.0% | 0.0% | -$173M | — | $283M |
| 2021 | $128M | -$241M | 0.0% | 0.0% | -$154M | — | $271M |
| 2020 | $94M | -$122M | 0.0% | 0.0% | -$96M | — | $571M |
| 2019 | $67M | -$109M | 0.0% | 0.0% | -$81M | — | $270M |
| 2018 | $23M | -$53M | 0.0% | 0.0% | -$42M | — | — |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $258M | -$36M | 0.0% | 0.0% | -$4M | — | $374M |
| Dec '25 | $228M | -$22M | 0.0% | 0.0% | $18M | — | $385M |
| Sep '25 | $195M | -$38M | 0.0% | 0.0% | $3M | — | $346M |
| Jun '25 | $164M | -$44M | 0.0% | 0.0% | $3M | — | $378M |
| Mar '25 | $151M | -$62M | 0.0% | 0.0% | -$50M | — | $309M |
| Dec '24 | $149M | -$30M | 0.0% | 0.0% | $11M | — | $376M |
| Sep '24 | $137M | -$68M | 0.0% | 0.0% | $14M | — | $330M |
| Jun '24 | $122M | -$57M | 0.0% | 0.0% | -$13M | — | $343M |
| Mar '24 | $119M | -$47M | 0.0% | 0.0% | -$32M | — | $279M |
| Dec '23 | $116M | -$42M | 0.0% | 0.0% | -$19M | — | $265M |
| Sep '23 | $115M | -$62M | 0.0% | 0.0% | -$9M | — | $232M |
| Jun '23 | $105M | -$67M | 0.0% | 0.0% | -$52M | — | $189M |
| Mar '23 | $95M | -$66M | 0.0% | 0.0% | -$49M | — | $250M |
| Dec '22 | $88M | -$64M | 0.0% | 0.0% | -$31M | — | $283M |
| Sep '22 | $74M | -$91M | 0.0% | 0.0% | -$58M | — | $222M |
| Jun '22 | $50M | -$68M | 0.0% | 0.0% | -$42M | — | $200M |
| Mar '22 | $44M | -$75M | 0.0% | 0.0% | -$42M | — | $235M |
| Dec '21 | $41M | -$70M | 0.0% | 0.0% | -$52M | — | $271M |
| Sep '21 | $36M | -$66M | 0.0% | 0.0% | -$41M | — | $319M |
| Jun '21 | $28M | -$56M | 0.0% | 0.0% | -$19M | — | $1.1B |
Valuation over time
How the market has priced LMND against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-sales ratio has risen from 4.3× (Mar '23) to 5.8× (Jun '26).
P/S
Frequently asked questions
Is LMND growing its revenue and profit?
Over the past 5 years, Lemonade, Inc.'s revenue has grown 50.9% per year. These are computed facts, not advice.
How much debt does LMND have?
As of FY2025, Lemonade, Inc. reported — of total debt against $385M of cash.
What is LMND's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin -22.5%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.