A Business at a Glance
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Lemonade, Inc.
LMND
$4.4B
Mkt Cap
$60.14
-0.94%
Lemonade, Inc. (LMND) has a 5-year average return on invested capital (ROIC) of -30.8%. This is below average and may indicate limited pricing power.
Lemonade, Inc. (LMND) has a market capitalization of $4.6B. It is classified as a mid-cap stock.
Lemonade, Inc. (LMND) does not currently pay a regular dividend.
Lemonade, Inc. (LMND) operates in the Fire, Marine & Casualty Insurance industry, within the Financials sector.
Lemonade, Inc. (LMND) reported annual revenue of $738 million in its most recent fiscal year, based on SEC EDGAR filings.
Lemonade, Inc. (LMND) has a net profit margin of -22.4%. The company is currently unprofitable.
Lemonade, Inc. (LMND) generated $-26 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Table of Contents SUMMARY RISK FACTORS Our business is subject to numerous risks and uncertainties, including those described in Part I Item 1A. “Risk Factors” in this Annual Report. You should carefully consider these risks and uncertainties, together with all of the other information contained in this Annual Report, when investing in our common stock. The principal risks and uncertainties affecting our business include the following: •We have a history of losses and we may not achieve or maintain profitability in the future. •Our success and ability to grow our business depend on retaining and expanding our customer base. •Denial of claims or our failure to accurately and timely pay claims could materially and adversely affect our business, financial condition, results of operations, and prospects. •Our future revenue growth depends on our ability to increase the lifetime value of our customers and attaining greater value from each customer.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 845M | 738M | 527M | 430M | 257M | 128M |
| Net Income | -139M | -166M | -202M | -237M | -298M | -241M |
| EPS | $-1.85 | $-2.24 | $-2.85 | $-3.40 | $-4.59 | $-3.94 |
| Free Cash Flow | 20M | -26M | -21M | -128M | -173M | -154M |
| ROIC | 0.0% | -29.4% | -31.1% | -30.1% | -32.1% | -31.6% |
| Gross Margin | - | -21.8% | -38.7% | -53.5% | -114.8% | -181.9% |
| Debt/Equity | 0.35 | 0.30 | 0.14 | 0.02 | 0.00 | 0.53 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 0 | -161M | -204M | -230M | -295M | -234M |
| Operating Margin | 0.0% | -21.8% | -38.7% | -53.5% | -114.8% | -181.9% |
| ROE | -26.8% | -29.4% | -31.1% | -30.1% | -32.1% | -31.6% |
| Shares Outstanding | 77M | 74M | 71M | 70M | 65M | 61M |
| Metric | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | N/A | 67M | 94M | 128M | 257M | 430M | 527M | 738M | 845M |
| Gross Margin | N/A | -160.3% | -128.0% | -181.9% | -114.8% | -53.5% | -38.7% | -21.8% | N/A |
| R&D | 4.7M | 9.8M | 19M | 52M | 80M | 89M | 86M | 94M | 99M |
| SG&A | 9.3M | 22M | 46M | 73M | 122M | 129M | 125M | 140M | 146M |
| EBIT | -53M | -108M | -121M | -234M | -295M | -230M | -204M | -161M | 0 |
| Op. Margin | N/A | -160.3% | -128.0% | -181.9% | -114.8% | -53.5% | -38.7% | -21.8% | 0.0% |
| Net Income | -53M | -109M | -122M | -241M | -298M | -237M | -202M | -166M | -139M |
| Net Margin | N/A | -161.2% | -129.6% | -187.9% | -116.0% | -55.1% | -38.4% | -22.4% | -16.4% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||
| ROIC | N/M | -20.6% | -68.2% | -31.6% | -32.1% | -30.1% | -31.1% | -29.4% | 0.0% |
| ROE | 98.4% | 83.0% | -68.2% | -31.6% | -32.1% | -30.1% | -31.1% | -29.4% | -26.8% |
| ROA | -13225.0% | -52.3% | -19.7% | -20.6% | -18.6% | -14.3% | -11.6% | -8.8% | -7.1% |
| Cash Flow | |||||||||
| Op. Cash Flow | -41M | -78M | -92M | -145M | -163M | -119M | -11M | -17M | 30M |
| Free Cash Flow | -42M | -81M | -96M | -154M | -173M | -128M | -21M | -26M | 20M |
| Owner Earnings | -43M | -83M | -104M | -192M | -235M | -199M | -96M | -93M | -55M |
| CapEx | 700K | 2.7M | 4.4M | 9.4M | 10M | 9.2M | 9.4M | 9.4M | 11M |
| Maint. CapEx | 100K | 700K | 1.7M | 3.7M | 12M | 20M | 20M | 15M | 13M |
| Growth CapEx | 600K | 2.0M | 2.7M | 5.7M | 0 | 0 | 0 | 0 | 0 |
| D&A | 100K | 700K | 1.7M | 3.7M | 12M | 20M | 20M | 15M | 13M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 35.2% |
| Capital Allocation | |||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 2.1M | 4.3M | 11M | 44M | 59M | 60M | 65M | 61M | 72M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||
| Net Debt | N/A | N/A | N/A | N/A | -382M | -295M | -320M | -241M | -214M |
| Cash & Equiv. | 102M | 270M | 571M | 271M | 283M | 265M | 376M | 385M | 394M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 180M |
| Debt/Equity | -1.01 | -0.64 | 0.53 | 0.53 | 0.00 | 0.02 | 0.14 | 0.30 | 0.35 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | -766.0 | -40.8 | -9.9 | -9.9 |
| Equity | -79M | -183M | 541M | 988M | 867M | 709M | 593M | 534M | 518M |
| Total Assets | 400K | 414M | 829M | 1.5B | 1.7B | 1.6B | 1.8B | 1.9B | 2.0B |
| Total Liabilities | 80M | 117M | 288M | 522M | 824M | 924M | 1.3B | 1.4B | 1.4B |
| Intangibles | N/A | 600K | 600K | 600K | 33M | 23M | 14M | 8.1M | 8.1M |
| Retained Earnings | N/A | -198M | -321M | -562M | -860M | -1.1B | -1.3B | -1.5B | -1.5B |
| Working Capital | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||
| EPS | -4.84 | -9.75 | -3.63 | -3.94 | -4.59 | -3.40 | -2.85 | -2.24 | -1.85 |
| Owner EPS | -3.93 | -7.47 | -3.09 | -3.14 | -3.61 | -2.86 | -1.35 | -1.26 | -0.72 |
| Book Value | -7.24 | -16.40 | 16.06 | 16.14 | 13.36 | 10.17 | 8.36 | 7.22 | 6.75 |
| Cash Flow/Share | -3.73 | -7.02 | -2.72 | -2.36 | -2.51 | -1.71 | -0.16 | -0.22 | -1.63 |
| Dividends/Share | 0.00 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 10.9M | 11.1M | 33.7M | 61.2M | 64.9M | 69.7M | 70.9M | 73.9M | 76.8M |
| Valuation | |||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -32.5 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 236.8 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | 6.7 | 2.5 | 1.0 | 1.7 | 4.7 | 10.3 | 8.9 |
| Price/Sales | N/A | N/A | 23.9 | 42.8 | 5.9 | 2.5 | 2.8 | 4.6 | 5.5 |
| FCF Yield | N/A | N/A | -2.6% | -6.2% | -20.7% | -10.9% | -0.7% | -0.5% | 0.4% |
| Market Cap | 0 | N/A | 3.6B | 2.5B | 838M | 1.2B | 2.8B | 5.5B | 4.6B |
| Avg. Price | 0.00 | N/A | 66.98 | 89.76 | 23.32 | 15.46 | 20.86 | 45.84 | 60.14 |
| Year-End Price | 0.00 | N/A | 107.67 | 40.66 | 12.91 | 16.97 | 39.40 | 74.69 | 60.14 |
Lemonade, Inc. passes 0 of 9 quality checks, indicating weak fundamentals.
Lemonade, Inc. (LMND) has a debt-to-equity ratio of 0.30. This indicates a conservatively financed balance sheet.
Lemonade, Inc. (LMND) reported earnings per share (EPS) of $-2.24 in its most recent fiscal year.
Lemonade, Inc. (LMND) has a return on equity (ROE) of -29.4%. A negative ROE may indicate losses or negative equity.
Lemonade, Inc. (LMND) has a 5-year average gross margin of -82.2%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 8 years of financial data for Lemonade, Inc. (LMND), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Lemonade, Inc. (LMND) has a book value per share of $7.22, based on its most recent annual SEC filing.