Lemonade, Inc.(LMND)— Stock Profile, AI Score & Financials
Financials · NYSE · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
Lemonade, Inc. (LMND) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores LMND at 50.2/100 on a 32-signal composite quality model, placing it at rank #1,614 of 2,962 stocks — the bottom half of the AI-ranked universe. LMND scores in the top quartile across revenue growth (92.9). Areas of concern include earnings quality (16.5) and balance sheet strength (19.9), which score below median versus the broader universe. Shareholder dilution risk is elevated at 18.3/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Lemonade, Inc. reports quarterly revenue of $294.4M, net income of $-43.4M, an operating margin of -14.2%. Top institutional holders of LMND by reported 13-F value include BlackRock, JPMORGAN CHASE, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. LMND trades on the NYSE exchange and files with the SEC under CIK 1691421. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate LMND daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Lemonade, Inc. directly from SEC EDGAR.
AI Quality Score
50.2/100
AI Rank
#1,614
Revenue
$294.4M
Net Income
$-43.4M
Free Cash Flow
$-8.0M
Operating Margin
-14.2%
LMND key financials by period
Lemonade, Inc. reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$737.9M
$-165.5M
-21.8%
FY 2024
10-K
$526.5M
$-202.2M
-38.7%
FY 2023
10-K
$429.8M
$-236.9M
-53.5%
FY 2022
10-K
$256.7M
$-297.8M
-114.8%
FY 2021
10-K
$128.4M
$-241.3M
-181.9%
FY 2020
10-K
$94.4M
$-122.3M
-128.0%
Institutions holding LMND
Institutional investors reporting a position in Lemonade, Inc. on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-08-04 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 revenue surged 79% YoY to $294.4M on 34% gross written premium growth and reduced reinsurance cession, though net losses persisted at $43.4M amid continued investments in growth.
Biggest Revenue Drivers
Net earned premium$252.0M+124% YoY
Growth from increased gross written premium and reduced cession rate from reinsurance program (20% vs. prior 55% ceded premium ratio).
Ceding commission income$20.4M-33% YoY
Declined due to reduced cession rate from reinsurance program despite business growth.
Biggest Revenue Drivers
Total revenue: $294.4M+79% YoY
Net earned premium$252.0M+124% YoY
Growth from increased gross written premium and reduced cession rate from reinsurance program (20% vs. prior 55% ceded premium ratio).
Ceding commission income$20.4M-33% YoY
Declined due to reduced cession rate from reinsurance program despite business growth.
Net investment income$9.7M+3% YoY
Driven by diversification of investment portfolio with higher returns, partially offset by investment expenses.
Commission and other income$12.3M+4% YoY
Increased installment fees and premium placed with third-party insurance companies.
Largest Expense Items
Loss and loss adjustment expense, net$154.0M+99% YoY
Growth in premium and reduced cession rate impact, offset by reserve releases from better-than-expected loss emergence on homeowners and car.
Sales and marketing$77.7M+30% YoY
Increased brand and performance advertising spend; advertising and partner payments rose 30% YoY.
General and administrative$47.8M+85% YoY
Employee compensation increased 50%; financing agreement interest expense rose 75% due to higher borrowings.
Technology development$30.0M+34% YoY
Employee expense (net of capitalization) rose 31% from headcount growth; software expense increased 125%.
Margins: Gross profit margin remained stable at 38% of revenue (vs. 39% prior year), while adjusted gross profit margin held at 39%. The company maintained underwriting profitability despite elevated catastrophe exposure; however, elevated operating expenses across sales, technology, and administration drove continued net losses.
Watch Items from the Filing
Company holds $206.4M in outstanding borrowings under General Catalyst financing agreement at 16% rate of return; new $250M Hannover Re facility effective January 2027 at higher cost (3-year Treasury + 5.8%), indicating capital constraints.
Reinsurance program renewed July 1, 2026 with reduced 18% cession rate (from 20%) but expanded catastrophe limits to $40M per occurrence and $100M aggregate, reflecting post-wildfire exposure management.
California concentration significant at 20.5% of Q2 gross written premium; company received $6.9M FAIR Plan assessment in Q1 2025 for January wildfires, with 2-year recoupment approval.
Net loss improved 25% YoY for H1 2026 ($79.2M vs. $106.3M) but company remains unprofitable; adjusted EBITDA negative at $(18.7)M for Q2 versus $(40.9)M prior year.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
