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Side-by-side financial comparison of Lemonade, Inc. (LMND) and POWER SOLUTIONS INTERNATIONAL, INC. (PSIX). Click either name above to swap in a different company.

Lemonade, Inc. is the larger business by last-quarter revenue ($228.1M vs $191.2M, roughly 1.2× POWER SOLUTIONS INTERNATIONAL, INC.). POWER SOLUTIONS INTERNATIONAL, INC. runs the higher net margin — 8.4% vs -9.5%, a 17.9% gap on every dollar of revenue. On growth, Lemonade, Inc. posted the faster year-over-year revenue change (53.3% vs 32.5%). POWER SOLUTIONS INTERNATIONAL, INC. produced more free cash flow last quarter ($-7.6M vs $-25.9M). Over the past eight quarters, POWER SOLUTIONS INTERNATIONAL, INC.'s revenue compounded faster (41.7% CAGR vs 38.4%).

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...

Adani Energy Solutions Ltd, formerly known as Adani Transmission Ltd, is an electric power transmission and distribution company headquartered in Ahmedabad. As of April 2025, the company operates a cumulative transmission network of 26,696 circuit kilometers and is one of the largest private sector power transmission companies operating in India.

LMND vs PSIX — Head-to-Head

Bigger by revenue
LMND
LMND
1.2× larger
LMND
$228.1M
$191.2M
PSIX
Growing faster (revenue YoY)
LMND
LMND
+20.8% gap
LMND
53.3%
32.5%
PSIX
Higher net margin
PSIX
PSIX
17.9% more per $
PSIX
8.4%
-9.5%
LMND
More free cash flow
PSIX
PSIX
$18.3M more FCF
PSIX
$-7.6M
$-25.9M
LMND
Faster 2-yr revenue CAGR
PSIX
PSIX
Annualised
PSIX
41.7%
38.4%
LMND

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LMND
LMND
PSIX
PSIX
Revenue
$228.1M
$191.2M
Net Profit
$-21.7M
$16.1M
Gross Margin
21.9%
Operating Margin
-9.0%
12.7%
Net Margin
-9.5%
8.4%
Revenue YoY
53.3%
32.5%
Net Profit YoY
27.7%
-31.0%
EPS (diluted)
$-0.27
$0.69

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LMND
LMND
PSIX
PSIX
Q4 25
$228.1M
$191.2M
Q3 25
$194.5M
$203.8M
Q2 25
$164.1M
$191.9M
Q1 25
$151.2M
$135.4M
Q4 24
$148.8M
$144.3M
Q3 24
$136.6M
$125.8M
Q2 24
$122.0M
$110.6M
Q1 24
$119.1M
$95.2M
Net Profit
LMND
LMND
PSIX
PSIX
Q4 25
$-21.7M
$16.1M
Q3 25
$-37.5M
$27.6M
Q2 25
$-43.9M
$51.2M
Q1 25
$-62.4M
$19.1M
Q4 24
$-30.0M
$23.3M
Q3 24
$-67.7M
$17.3M
Q2 24
$-57.2M
$21.5M
Q1 24
$-47.3M
$7.1M
Gross Margin
LMND
LMND
PSIX
PSIX
Q4 25
21.9%
Q3 25
23.9%
Q2 25
28.2%
Q1 25
29.7%
Q4 24
29.9%
Q3 24
28.9%
Q2 24
31.8%
Q1 24
27.0%
Operating Margin
LMND
LMND
PSIX
PSIX
Q4 25
-9.0%
12.7%
Q3 25
-18.7%
13.9%
Q2 25
-26.0%
16.9%
Q1 25
-40.6%
18.2%
Q4 24
-25.4%
17.5%
Q3 24
-48.2%
16.3%
Q2 24
-45.2%
22.9%
Q1 24
-38.0%
11.2%
Net Margin
LMND
LMND
PSIX
PSIX
Q4 25
-9.5%
8.4%
Q3 25
-19.3%
13.5%
Q2 25
-26.8%
26.7%
Q1 25
-41.3%
14.1%
Q4 24
-20.2%
16.1%
Q3 24
-49.6%
13.8%
Q2 24
-46.9%
19.5%
Q1 24
-39.7%
7.5%
EPS (diluted)
LMND
LMND
PSIX
PSIX
Q4 25
$-0.27
$0.69
Q3 25
$-0.51
$1.20
Q2 25
$-0.60
$2.22
Q1 25
$-0.86
$0.83
Q4 24
$-0.42
$1.01
Q3 24
$-0.95
$0.75
Q2 24
$-0.81
$0.94
Q1 24
$-0.67
$0.31

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LMND
LMND
PSIX
PSIX
Cash + ST InvestmentsLiquidity on hand
$399.1M
$41.3M
Total DebtLower is stronger
$96.6M
Stockholders' EquityBook value
$533.6M
$178.6M
Total Assets
$1.9B
$424.7M
Debt / EquityLower = less leverage
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LMND
LMND
PSIX
PSIX
Q4 25
$399.1M
$41.3M
Q3 25
$369.4M
$49.0M
Q2 25
$398.8M
$49.5M
Q1 25
$329.7M
$50.0M
Q4 24
$403.5M
$55.3M
Q3 24
$360.9M
$40.5M
Q2 24
$387.2M
$28.8M
Q1 24
$300.8M
$33.1M
Total Debt
LMND
LMND
PSIX
PSIX
Q4 25
$96.6M
Q3 25
$96.7M
Q2 25
$1.8M
Q1 25
$1.0M
Q4 24
$184.0K
Q3 24
$238.0K
Q2 24
$292.0K
Q1 24
$345.0K
Stockholders' Equity
LMND
LMND
PSIX
PSIX
Q4 25
$533.6M
$178.6M
Q3 25
$516.2M
$162.5M
Q2 25
$527.1M
$135.7M
Q1 25
$545.5M
$84.3M
Q4 24
$593.4M
$65.3M
Q3 24
$593.0M
$42.1M
Q2 24
$635.2M
$24.8M
Q1 24
$676.4M
$3.2M
Total Assets
LMND
LMND
PSIX
PSIX
Q4 25
$1.9B
$424.7M
Q3 25
$1.9B
$458.9M
Q2 25
$1.9B
$437.7M
Q1 25
$1.9B
$372.7M
Q4 24
$1.8B
$328.2M
Q3 24
$1.8B
$339.1M
Q2 24
$1.7B
$307.6M
Q1 24
$1.6B
$286.8M
Debt / Equity
LMND
LMND
PSIX
PSIX
Q4 25
0.54×
Q3 25
0.60×
Q2 25
0.01×
Q1 25
0.01×
Q4 24
0.00×
Q3 24
0.01×
Q2 24
0.01×
Q1 24
0.11×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LMND
LMND
PSIX
PSIX
Operating Cash FlowLast quarter
$-16.5M
$-4.6M
Free Cash FlowOCF − Capex
$-25.9M
$-7.6M
FCF MarginFCF / Revenue
-11.4%
-4.0%
Capex IntensityCapex / Revenue
4.1%
1.6%
Cash ConversionOCF / Net Profit
-0.29×
TTM Free Cash FlowTrailing 4 quarters
$-69.4M
$14.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LMND
LMND
PSIX
PSIX
Q4 25
$-16.5M
$-4.6M
Q3 25
$4.5M
$3.3M
Q2 25
$5.5M
$16.7M
Q1 25
$-47.2M
$8.8M
Q4 24
$-11.4M
$32.7M
Q3 24
$16.3M
$12.6M
Q2 24
$-11.7M
$1.5M
Q1 24
$-29.8M
$15.6M
Free Cash Flow
LMND
LMND
PSIX
PSIX
Q4 25
$-25.9M
$-7.6M
Q3 25
$2.6M
$1.7M
Q2 25
$3.4M
$14.6M
Q1 25
$-49.5M
$5.4M
Q4 24
$-20.8M
$30.0M
Q3 24
$14.1M
$12.1M
Q2 24
$-13.2M
$822.0K
Q1 24
$-32.3M
$14.8M
FCF Margin
LMND
LMND
PSIX
PSIX
Q4 25
-11.4%
-4.0%
Q3 25
1.3%
0.8%
Q2 25
2.1%
7.6%
Q1 25
-32.7%
4.0%
Q4 24
-14.0%
20.8%
Q3 24
10.3%
9.7%
Q2 24
-10.8%
0.7%
Q1 24
-27.1%
15.6%
Capex Intensity
LMND
LMND
PSIX
PSIX
Q4 25
4.1%
1.6%
Q3 25
1.0%
0.8%
Q2 25
1.3%
1.1%
Q1 25
1.5%
2.5%
Q4 24
6.3%
1.8%
Q3 24
1.6%
0.3%
Q2 24
1.2%
0.6%
Q1 24
2.1%
0.9%
Cash Conversion
LMND
LMND
PSIX
PSIX
Q4 25
-0.29×
Q3 25
0.12×
Q2 25
0.33×
Q1 25
0.46×
Q4 24
1.40×
Q3 24
0.73×
Q2 24
0.07×
Q1 24
2.20×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LMND
LMND

Segment breakdown not available.

PSIX
PSIX

Energy End Market$153.4M80%
Industrial End Market$33.3M17%
Transportation End Market$4.6M2%

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