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

Lemonade's Cost of Revenue history runs 8 years deep, the most recent figure standing at $133.3 million for Q1 2026.

• In Q1 2026, Cost of Revenue rose 56.09% year-over-year to $133.3 million; the TTM figure through Mar 2026 stood at $394.9 million (up 33.19% YoY), while the FY2025 annual figure was $347.0 million, up 25.27% from the prior year.
• Cost of Revenue for Q1 2026 stood at $133.3 million, up from $94.5 million in the prior quarter.
• The five-year high for Cost of Revenue was $133.3 million in Q1 2026, with the low at $24.4 million in Q1 2022.
• The 5-year median for Cost of Revenue is $70.5 million (2024), against an average of $70.9 million.
• The sharpest annual moves came in 2022 and 2024: Cost of Revenue soared 204.57% in 2022, then fell 7.11% in 2024.
• Lemonade's Cost of Revenue stood at $61.5 million in 2022, then climbed by 5.69% to $65.0 million in 2023, then retreated by 3.54% to $62.7 million in 2024, then surged by 50.72% to $94.5 million in 2025, then surged by 41.06% to $133.3 million in 2026.
• Business Quant data shows LMND's Cost of Revenue at $133.3 million in Q1 2026, $94.5 million in Q4 2025, and $89.6 million in Q3 2025.