Financials in USD. Standardized financial statements.
A compact view of how Lemonade, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $737.90M | $526.50M | $429.80M | $256.70M | $128.40M | $94.40M | $67.30M | $22.50M | $2.40M |
| Revenue Growth? | +40.2% | +22.5% | +67.4% | +99.9% | +36.0% | +40.3% | +199.1% | +837.5% | 0.0% |
| Cost of Revenue? | $440.70M | $353.80M | $339.60M | $228.30M | $105.50M | $74.00M | $55.40M | $19.40M | $0 |
| Gross Profit? | $297.20M | $172.70M | $90.20M | $28.40M | $22.90M | $20.40M | $11.90M | $3.10M | $2.40M |
| Gross Margin? | +40.3% | +32.8% | +21.0% | +11.1% | +17.8% | +21.6% | +17.7% | +13.8% | +100.0% |
| Operating Expenses? | $458.10M | $376.60M | $320.00M | $323.20M | $256.50M | $141.20M | $119.80M | $55.70M | $28.70M |
| Operating Income? | -$160.90M | -$203.90M | -$229.80M | -$294.80M | -$233.60M | -$120.80M | -$107.90M | -$52.60M | -$26.30M |
| EBITDA? | -$145.70M | -$183.90M | -$209.80M | -$282.60M | -$229.90M | -$119.10M | -$107.30M | -$52.50M | $1.70M |
| Income Before Tax | -$160.90M | -$203.90M | -$229.80M | -$294.80M | -$233.60M | -$120.80M | -$107.90M | -$52.60M | -$28.00M |
| Income Tax Expense | $4.60M | -$1.70M | $7.10M | $3.00M | $7.70M | $1.50M | $600,000 | $300,000 | $100,000 |
| Net Income? | -$165.50M | -$202.20M | -$236.90M | -$297.80M | -$241.30M | -$122.30M | -$108.50M | -$52.90M | -$28.10M |
| EPS? | $-2.30 | $-2.85 | $-3.40 | $-4.59 | $-3.94 | $-2.21 | $-2.49 | $-1.21 | $-2.58 |
| Diluted EPS? | $-2.30 | $-2.85 | $-3.40 | $-4.59 | $-3.94 | $-2.21 | $-2.49 | $-1.21 | $-2.58 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality