Lemonade, Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $737.9M | $526.5M | $429.8M | $256.7M | $128.4M |
| Cash from operations | -$16.5M | -$11.4M | -$119.1M | -$163.0M | -$144.6M |
| Capital expenditure | $9.4M | $9.4M | $9.2M | $10.1M | $9.4M |
| Free cash flow | -$25.9M | -$20.8M | -$128.3M | -$173.1M | -$154.0M |
| Impairments | $0 | $300,000 | $3.7M | $0 | $0 |
| Total assets | $1.9B | $1.8B | $1.6B | $1.7B | $1.5B |
| Total liabilities | $1.4B | $1.3B | $924.4M | $823.9M | $522.3M |
Shares outstanding 76.8M · Free float 62.4%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.