LMND · XBRL financial data

Lemonade financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (LMND's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	94	128	257	430	527	738
Research and development	19	52	80	89	86	94
General and administrative	46	73	122	129	125	140
Income tax expense (benefit)	2	8	3	7	(2)	5
Net income (loss)	(122)	(241)	(298)	(237)	(202)	(166)
Earnings per share, basic USD per share	(3.63)	(3.94)	(4.59)	(3.40)	(2.85)	(2.24)
Earnings per share, diluted USD per share	(3.63)	(3.94)	(4.59)	(3.40)	(2.85)	(2.24)
Weighted average shares, basic millions of shares	34	61	65	70	71	74
Weighted average shares, diluted millions of shares	34	61	65	70	71	74

Fiscal years (LMND's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	571	271	283	265	376	385
Short-term investments	0	110	100	46	28	14
Property and equipment, net	6	12	20	17	16	16
Right-of-use asset	—	22	26	17	15	20
Goodwill	—	0	19	19	19	19
Total assets	829	1,511	1,691	1,633	1,849	1,926
Total liabilities	288	522	824	924	1,256	1,392
Accumulated deficit	(321)	(562)	(860)	(1,097)	(1,299)	(1,464)
Total stockholders' equity	541	988	867	709	593	534
Total liabilities and equity	829	1,511	1,691	1,633	1,849	1,926
Common shares outstanding (cover page) millions of shares	61	62	69	70	73	76

Fiscal years (LMND's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(122)	(241)	(298)	(237)	(202)	(166)
Stock-based compensation	11	44	59	60	65	61
Depreciation and amortization	2	4	12	20	20	15
Net cash from operating activities	(92)	(145)	(163)	(119)	(11)	(17)
Purchases of property and equipment	4	9	10	9	9	9
Net cash from investing activities	50	(805)	181	89	41	(89)
Net cash from financing activities	341	650	4	15	88	107
Net change in cash	301	(301)	16	(15)	114	11

SIC 6331 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6331 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Lemonade	368	294	(3.4)*	77.4M	110.8 quarters	Q2 FY26 10-QJun 30, 2026
Skyward Specialty Insurance Group	219	490	68*	44.4M	—	Q2 FY26 10-QJun 30, 2026
SiriusPoint	615	744	(5.2)*	116.2M	118.2 quarters	Q2 FY26 10-QJun 30, 2026
Palomar Holdings	63	314	167*	26.3M	—	Q2 FY26 10-QJun 30, 2026
KEMPER	81	1,093	31*	58.9M	—	Q2 FY26 10-QJun 30, 2026
White Mountains Insurance Group	128	845	(56)*	2.4M	2.3 quarters	Q2 FY26 10-QJun 30, 2026
Mercury General	1,305	1,381	387*	55.4M	—	Q3 FY26 10-QSep 30, 2026
Horace Mann Educators	46	444	224*	40.5M	—	Q2 FY26 10-QJun 30, 2026
HCI Group	872	247	125*	12.4M	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.