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Lemonade, Inc. provides various insurance products in the United States, Europe, and the United Kingdom. The company provides renters and homeowners, building, car, pet, and life insurance products, as well as landlord insurance products. It also offers insurance for 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. In addition, it operates as an agent for other insurance companies. The company was formerly known as Lemonade Group, Inc. Lemonade, Inc. was incorporated in 2015 and is headquartered in New York, New York.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Lemonade Inc operates a digital insurance platform that uses AI to underwrite and distribute renters, homeowners, pet and life insurance. Long-term growth drivers include expanding product lines and international presence, increasing policy scale, and improving data-driven underwriting efficiency. The technology-first model may appeal to younger customers and could support lower acquisition costs as scale grows.
Primary risks are continued underwriting losses and an uncertain path to sustained profitability amid competition, regulatory scrutiny and reinsurance or capital-market exposure.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -160.90M | -203.90M | -229.80M | -294.80M | -233.60M |
| Net income | -165.50M | -202.20M | -236.90M | -297.80M | -241.30M |
| Selling general administrative | 139.80M | 124.50M | 129.30M | 122.30M | 72.60M |
| Selling and marketing expenses | 224.40M | 166.30M | 101.90M | 138.30M | 141.60M |
| Gross profit | 297.20M | 172.70M | 90.20M | 256.70M | 128.40M |
| Reconciled depreciation | 15.20M | 20.00M | 20.00M | 12.20M | 3.70M |
| Ebit | -160.90M | -203.90M | -229.80M | -294.80M | -233.60M |
| Ebitda | -145.70M | -183.90M | -209.80M | -282.60M | -229.90M |
| Depreciation and amortization | 15.20M | 20.00M | 20.00M | 12.20M | 3.70M |
| Operating income | -160.90M | -203.90M | -229.80M | -294.80M | -233.60M |
| Other operating expenses | 898.80M | 730.40M | 659.60M | 551.50M | 362.00M |
| Interest expense | - | - | - | - | 0.00M |
| Tax provision | 4.60M | -1.70M | 7.10M | 3.00M | 7.70M |
| Interest income | 8.20M | 8.30M | 4.20M | 1.20M | 0.40M |
| Income tax expense | 4.60M | -1.70M | 7.10M | 3.00M | 7.70M |
| Total revenue | 737.90M | 526.50M | 429.80M | 256.70M | 128.40M |
| Total operating expenses | 458.10M | 376.60M | 320.00M | 266.00M | -362.00M |
| Cost of revenue | 440.70M | 353.80M | 339.60M | - | - |
| Total other income expense net | - | -203.90M | -287.10M | - | - |
| Net income from continuing ops | -165.50M | -202.20M | -236.90M | -297.80M | -241.30M |
| Net income applicable to common shares | - | - | - | -297.80M | -241.30M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 1925.70M | 1849.10M | 1298.60M | 1690.70M | 1510.50M |
| Intangible assets | 20.20M | 25.80M | 22.90M | 32.50M | 0.60M |
| Other current assets | 167.50M | 272.20M | 821.20M | 164.50M | -629.20M |
| Total liab | 1392.10M | 1255.70M | 589.70M | 823.90M | 522.30M |
| Total stockholder equity | 533.60M | 593.40M | 708.90M | 866.80M | 988.20M |
| Other current liab | 602.30M | 640.00M | 145.30M | -19.50M | -19.70M |
| Capital stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Retained earnings | -1464.30M | -1298.80M | -1096.60M | -859.70M | -561.90M |
| Other liab | - | - | - | 85.30M | 155.30M |
| Good will | 19.00M | 19.00M | 19.00M | 19.00M | - |
| Other assets | 1083.70M | 1849.10M | 0.00M | 1053.70M | -629.20M |
| Cash | 385.00M | 376.00M | 271.50M | 282.50M | 270.60M |
| Total current liabilities | 1210.00M | 1148.50M | 201.20M | 19.50M | 19.70M |
| Current deferred revenue | 580.80M | 458.10M | 7.10M | - | - |
| Net debt | -202.90M | -268.80M | -228.40M | -247.30M | -248.30M |
| Short term debt | 165.30M | 92.40M | 25.00M | - | - |
| Short long term debt total | 182.10M | 107.20M | 43.10M | 35.20M | 22.30M |
| Other stockholder equity | 1991.50M | 1898.30M | 1814.50M | 1754.10M | 1553.50M |
| Property plant equipment | - | - | - | 19.60M | 11.70M |
| Total current assets | 1843.30M | 1762.30M | 821.20M | 565.90M | 1303.70M |
| Long term investments | 722.90M | 634.90M | 673.20M | 750.10M | 801.80M |
| Net tangible assets | - | - | - | 815.30M | 987.60M |
| Short term investments | 722.90M | 634.90M | 301.30M | 750.10M | 801.80M |
| Net receivables | 567.90M | 479.20M | 381.30M | 362.40M | 231.30M |
| Long term debt | 158.10M | 83.40M | 14.90M | 136.00M | 103.10M |
| Inventory | - | - | -1319.00M | - | - |
| Accounts payable | 26.90M | 31.10M | 23.80M | 19.50M | 19.70M |
| Accumulated other comprehensive income | 6.40M | -6.10M | -9.00M | -27.60M | -3.40M |
| Retained earnings total equity | - | - | - | -859.70M | -561.90M |
| Non currrent assets other | 1.10M | 4.00M | 35.80M | -776.50M | -836.00M |
| Non current assets total | 82.40M | 86.80M | 477.40M | 71.10M | 836.00M |
| Capital lease obligations | 24.00M | 23.80M | 28.20M | 35.20M | 22.30M |
| Long term debt total | - | - | - | 136.00M | 103.10M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | -79.70M | 40.60M | 88.70M | 92.40M | -795.40M |
| Change to liabilities | - | - | - | 89.80M | 97.60M |
| Total cashflows from investing activities | -89.10M | 40.60M | 88.70M | 181.10M | -804.80M |
| Net borrowings | 74.70M | 68.40M | 14.90M | - | - |
| Total cash from financing activities | 106.60M | 87.70M | 15.40M | 3.60M | 649.60M |
| Change to operating activities | - | - | - | 24.10M | -3.50M |
| Net income | -165.50M | -202.20M | -236.90M | -297.80M | -241.30M |
| Change in cash | 11.10M | 114.20M | -15.00M | 15.90M | -300.80M |
| Begin period cash flow | 385.70M | 271.50M | 286.50M | 270.60M | 571.40M |
| End period cash flow | 396.80M | 385.70M | 271.50M | 286.50M | 270.60M |
| Total cash from operating activities | -16.50M | -11.40M | -119.10M | -163.00M | -144.60M |
| Issuance of capital stock | - | - | 0.00M | 0.00M | 640.30M |
| Depreciation | 15.20M | 20.00M | 20.00M | 12.20M | 3.70M |
| Other cashflows from investing activities | -79.70M | 50.00M | - | 98.80M | - |
| Change to inventory | - | - | 54.80M | - | 121.20M |
| Change to account receivables | -106.20M | -122.20M | -32.10M | -96.40M | -88.00M |
| Sale purchase of stock | - | - | - | 3.60M | 649.60M |
| Other cashflows from financing activities | 106.60M | 19.30M | 0.50M | 3.60M | 9.30M |
| Change to netincome | - | - | - | 68.00M | 46.10M |
| Capital expenditures | 9.40M | 9.40M | 9.20M | 10.10M | 9.40M |
| Change receivables | - | - | - | -111.30M | -146.30M |
| Cash flows other operating | - | - | - | 69.40M | 30.60M |
| Cash and cash equivalents changes | - | - | - | 21.70M | -299.80M |
| Change in working capital | 58.50M | 101.10M | 28.70M | 47.90M | 46.90M |
| Stock based compensation | 61.30M | 64.50M | 59.90M | 59.30M | 44.10M |
| Other non cash items | 14.00M | 5.20M | 9.20M | 15.40M | 6.20M |
| Free cash flow | -25.90M | -20.80M | -128.30M | -173.10M | -154.00M |
Sector: Financial Services Industry: Insurance - Property & Casualty
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
|---|---|---|---|---|---|---|---|
| LMND Lemonade Inc |
0.36 0.89% |
41.02 | - | - | 3.95 | 7.75 | 3.83 |
| CB Chubb Ltd |
2.37 0.64% |
372.70 | 12.11 | 11.83 | 2.13 | 1.75 | 2.45 |
| PGR Progressive Corp |
1.76 0.75% |
235.29 | 11.10 | 13.55 | 1.41 | 3.74 | 1.50 |
| TKOMF Tokio Marine Holdings Inc. |
- -% |
3.53 | 28.94 | 12.24 | 0.01 | 1.87 | 1.61 |
| TKOMY Tokio Marine Holdings Inc |
- -% |
3.72 | 28.73 | 12.25 | 0.01 | 1.87 | 1.61 |
Lemonade, Inc. provides various insurance products in the United States, Europe, and the United Kingdom. The company provides renters and homeowners, building, car, pet, and life insurance products, as well as landlord insurance products. It also offers insurance for 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. In addition, it operates as an agent for other insurance companies. The company was formerly known as Lemonade Group, Inc. Lemonade, Inc. was incorporated in 2015 and is headquartered in New York, New York.
| Name | Title | Year Born |
|---|---|---|
| Mr. Daniel Asher Schreiber | Co-Founder, Chairman & Co-CEO | 1971 |
| Mr. Shai Wininger | Co-Founder, Pres, Co-CEO, CTO, Sec., Treasurer & Director | 1974 |
| Mr. Timothy E. Bixby | Chief Financial Officer | 1965 |
| Ms. Adina Eckstein | Chief Operating Officer | 1986 |
| Mr. John Sheldon Peters | Chief Insurance Officer | 1972 |
| Mr. Jorge Espinel | Chief Bus. Devel. Officer | 1972 |
| Mr. William David Latza | Chief Compliance Officer & Gen. Counsel | NA |
| Ms. Yael Wissner-Levy | Head of Content and Communications | NA |
| Gavin Blair | Sr. VP of Customer Operations | NA |
| Mr. Sean Parker Burgess | Chief Claims Officer | NA |
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