Lemonade (LMND) Cost of Revenue (2019 - 2026)

Lemonade's Cost of Revenue history runs 8 years deep, the most recent figure standing at $66.1 million for Q1 2026.

• In Q1 2026, Cost of Revenue rose 53.01% year-over-year to $66.1 million; the TTM figure through Mar 2026 stood at $247.3 million (up 38.08% YoY), while the FY2025 annual figure was $224.4 million, up 34.94% from the prior year.
• Cost of Revenue was $66.1 million for Q1 2026 at Lemonade, up from $64.2 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $66.1 million in Q1 2026 to a low of $24.4 million in Q3 2023.
• Historically, Cost of Revenue has averaged $41.0 million across 5 years, with a median of $37.0 million in 2022.
• The sharpest annual moves came in 2023 and 2024: Cost of Revenue tumbled 32.97% in 2023, then jumped 110.66% in 2024.
• A 5-year view of Cost of Revenue shows it stood at $27.2 million in 2022, then fell by 9.93% to $24.5 million in 2023, then soared by 94.69% to $47.7 million in 2024, then surged by 34.59% to $64.2 million in 2025, then climbed by 2.96% to $66.1 million in 2026.
• The last three Cost of Revenue figures came in at $66.1 million (Q1 2026), $64.2 million (Q4 2025), and $57.4 million (Q3 2025), per Business Quant data.