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Lemonade, Inc.

Lemonade, Inc.LMNDEarnings & Financial Report

NYSE · insurance

Lemonade, Inc. is an American insurance company. The company offers renters' insurance, homeowners' insurance, car insurance, pet insurance, and term life insurance in the United States, as well as contents and liability policies in Germany and the Netherlands and renters' insurance in France. The company is based in New York City and has approximately 2.9 million customers. Lemonade does not hire human employees to process claims for customers, instead using artificial intelligence and chatb...

NextFeb 27, 2026

LMND Q3 2025 Key Financial Metrics

Revenue

$194.5M

Gross Profit

N/A

Operating Profit

$-36.3M

Net Profit

$-37.5M

Gross Margin

N/A

Operating Margin

-18.7%

Net Margin

-19.3%

YoY Growth

42.4%

EPS

$-0.51

Financial Flow

Lemonade, Inc. Q3 2025 Financial Summary

Lemonade, Inc. reported revenue of $194.5M for Q3 2025, with a net profit of $-37.5M (-19.3% margin). Cost of goods sold was N/A, operating expenses totaled N/A.

Key Financial Metrics

Total Revenue$194.5M
Net Profit$-37.5M
Gross MarginN/A
Operating Margin-18.7%
Report PeriodQ3 2025

Lemonade, Inc. Annual Revenue by Year

Lemonade, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $526.5M).

YearAnnual Revenue
2024$526.5M
2023$429.8M
2022$256.7M

Income Statement

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Revenue$115.5M$119.1M$122.0M$136.6M$148.8M$151.2M$164.1M$194.5M
YoY Growth30.7%25.1%16.6%19.3%28.8%27.0%34.5%42.4%

Balance Sheet

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Assets$1.63B$1.65B$1.71B$1.82B$1.85B$1.86B$1.93B$1.92B
Liabilities$924.4M$970.0M$1.08B$1.23B$1.26B$1.31B$1.41B$1.40B
Equity$708.9M$676.4M$635.2M$593.0M$593.4M$545.5M$527.1M$516.2M

Cash Flow

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Operating CF$-16.1M$-29.8M$-11.7M$16.3M$13.8M$-47.2M$5.5M$4.5M