LMND - NYSE

Lemonade, Inc.

LMND·NYSE

$52.66

-0.66%

Financial ServicesInsurance - Property & Casualty

Lemonade, Inc. provides various insurance products in the United States and Europe. Its insurance products include stolen or damaged property, and personal liability that protects its customers if they are responsible for an accident or damage to another person or their property. The company also offers renters, homeowners, pet, car, and life insurance products, as well as landlord insurance policies. In addition, it operates as an agent for other insurance companies. The company was formerly known as Lemonade Group, Inc. and changed its name to Lemonade, Inc. Lemonade, Inc. was incorporated in 2015 and is headquartered in New York, New York.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$4.05B

EPS-2.3000

P/E Ratio-22.90

Earnings Date08/04/2026

1.93B

Assets

3Y+14.0%

5Y+132.0%

10Y+4655.0%

1.39B

Total Liabilities

11%

3Y+69.0%

5Y+384.0%

10Y+16278.0%

533.60M

Total Equity

-10%

3Y-38.0%

5Y-1.0%

10Y+1568.0%

Lemonade, Inc. Funding & Solvency Profile

LMND · NYSE

Current Assets

Cash & Cash Equivalents385.00M

Net Receivables567.90M

Inventory0.00

Other Current Assets11.80M

Total Current Assets2 B

Non-Current Assets

Property, Plant & Equipment35.60M

Goodwill & Intangible Assets39.20M

Long-Term Investments6.50M

Other Non-Current Assets1.10M

Total Non-Current Assets43 M

Total Assets

1.93B

Financial Health Analysis

Current Ratio

1.52x

Strong liquidity. The company has adequate resources to meet short-term liabilities.

Debt-to-Equity Ratio

2.61x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

633 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

96% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

Lemonade, Inc. Balance Sheet

LMND • NYSE

Lemonade, Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	385M	376M	264.5M	282.5M	270.6M	570.8M	270M	102.2M	16.9M
Short-Term Investments	722.9M	634.9M	673.2M	750.1M	801.8M	6.6M	60.6M	9.2M	13.1M
Cash & Short-Term Investments	1.1B	1B	937.7M	1B	1.1B	577.4M	330.6M	111.4M	16.8M
Net Receivables	567.9M	479.2M	383M	362.4M	231.3M	140.5M	74.7M	37.7M	0.0
Accounts Receivables	555.7M	471.6M	360.4M	336.4M	216.8M	135.1M	74.4M	37.7M	0.0
Other Receivables	12.2M	7.6M	22.6M	26M	14.5M	5.4M	300K	0.0	0.0
Inventory	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-135.5M	0.0
Prepaids	155.7M	262.5M	208.3M	178.5M	160.2M	98.8M	1.9M	0.0	0.0
Other Current Assets	11.8M	9.7M	7M	4M	0.0	-816.7M	-407.2M	0.0	35.9M
Total Current Assets	1.8B	1.8B	1.5B	1.6B	1.5B	0.0	0.0	149.1M	35.9M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	35.6M	31.3M	34.8M	46M	33.6M	5.7M	3.1M	1M	300K
Goodwill	19M	19M	19M	19M	0.0	0.0	0.0	0.0	0.0
Intangible Assets	20.2M	25.8M	31.7M	39.4M	6.8M	0.0	0.0	600K	100K
Goodwill & Intangible Assets	39.2M	44.8M	50.7M	58.4M	6.8M	600K	600K	600K	100K
Long-Term Investments	6.5M	6.7M	5.5M	3.7M	3.4M	6.6M	60.6M	9.2M	0.0
Tax Assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	9.6M	0.0
Other Non-Current Assets	1.1M	4M	6.3M	5.1M	2.8M	-12.9M	-64.3M	-10.2M	4.2M
Total Non-Current Assets	82.4M	86.8M	97.3M	113.2M	46.6M	0.0	0.0	10.2M	4.6M
Other Assets	0.0	0.0	0.0	0.0	0.0	828.7M	414.3M	-5.5M	0.0
Total Assets	1.9B	1.8B	1.6B	1.7B	1.5B	828.7M	414.3M	153.8M	40.5M
LIABILITIES
CURRENT LIABILITIES
Total Payables	70M	74.1M	72.1M	39.3M	31M	20M	8.7M	5.1M	2.3M
Accounts Payable	26.9M	31.1M	24.6M	19.5M	19.7M	14.4M	4.6M	3.8M	2.1M
Other Payables	43.1M	43M	47.5M	19.8M	11.3M	5.6M	4.1M	-3.8M	400K
Accrued Expenses	48.4M	33M	19.6M	27.1M	21.8M	9.4M	10.7M	200K	200K
Tax Payables	0.0	19.3M	20.4M	14.9M	10.1M	3.5M	3.5M	1.2M	200K
Deferred Revenue	580.8M	458.1M	357.1M	290.1M	209.7M	0.0	0.0	0.0	0.0
Other Current Liabilities	510.8M	583.3M	432.5M	432.2M	237.5M	-29.4M	-19.4M	-5.3M	0.0
Total Current Liabilities	1.2B	1.1B	881.3M	788.7M	500M	0.0	0.0	3.8M	2.5M
NON-CURRENT LIABILITIES
Long Term Debt	158.1M	83.4M	14.9M	0.0	0.0	0.0	0.0	0.0	0.0
Deferred Revenue (Non-Current)	38.2M	65.6M	41.4M	39.7M	36.5M	22.4M	0.0	0.0	0.0
Other Non-Current Liabilities	-38.2M	-65.6M	-41.4M	-39.7M	-36.5M	-22.4M	0.0	26.3M	6M
Total Non-Current Liabilities	182.1M	107.2M	43.1M	35.2M	22.3M	0.0	0.0	26.3M	6M
Other Liabilities	0.0	0.0	0.0	0.0	0.0	287.7M	596.8M	202.8M	0.0
Capital Lease Obligations	24M	23.8M	28.2M	35.2M	22.3M	0.0	0.0	0.0	0.0
Total Liabilities	1.4B	1.3B	924.4M	823.9M	522.3M	287.7M	596.8M	232.9M	8.5M
SHAREHOLDERS' EQUITY
Preferred Stock	0.0	0.0	0.0	0.0	0.0	0.0	0.0	180.8M	60.4M
Additional Paid-In Capital	2B	1.9B	1.8B	1.8B	1.6B	859.8M	15.7M	10.7M	8.5M
Retained Earnings	-1.5B	-1.3B	-1.1B	-859.7M	-561.9M	-320.6M	-198.3M	-89.8M	-36.9M
Accumulated Other Comprehensive Income/Loss	6.4M	-6.1M	-9M	-27.6M	-3.4M	1.8M	100K	0.0	0.0
Other Total Stockholders' Equity	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-180.8M	0.0
Total Stockholders' Equity	533.6M	593.4M	708.9M	866.8M	988.2M	541M	-182.5M	-79.1M	32M
Total Equity	533.6M	593.4M	708.9M	866.8M	988.2M	541M	-182.5M	-79.1M	32M
SUMMARY
Total Liabilities & Equity	1.9B	1.8B	1.6B	1.7B	1.5B	828.7M	414.3M	153.8M	40.5M
Total Investments	729.4M	641.6M	678.7M	753.8M	805.2M	7.5M	61M	9.4M	13.1M
Total Debt	182.1M	107.2M	43.1M	35.2M	22.3M	0.0	0.0	0.0	0.0
Net Debt	-202.9M	-268.8M	-221.4M	-247.3M	-248.3M	-570.8M	-270M	-102.2M	-16.9M
Shares Outstanding	73,128,197	73,128,197	73,128,197	73,128,197	73,128,197	73,128,197	73,128,197	73,128,197	73,128,197

SEC Filings

LMND - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
10-Q 10-Q 2026 Q1 Q1	April 30, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 29, 2026	April 29, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 22, 2026	April 22, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 25, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 19, 2026	February 19, 2026	2026	View Filing
8-K 8-K 2026 N/A	January 27, 2026	January 27, 2026	2026	View Filing
10-Q 10-Q 2025 Q3 Q3	November 05, 2025	September 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	November 05, 2025	November 05, 2025	2025	View Filing
8-K 8-K 2025 N/A	October 15, 2025	October 15, 2025	2025	View Filing
8-K 8-K 2025 N/A	October 06, 2025	October 06, 2025	2025	View Filing

Showing 1 to 10 of 91 filings

Related Guides

Blog Categories

Continue your LMND research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.