Lemonade (LMND) Debt Ratio (2023 - 2026)
Lemonade's Debt Ratio was 0.10 in Q2 2026, up 60.7% from 0.06 a year earlier and up 11.8% from the prior quarter.
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Analysis
Lemonade (LMND) Debt Ratio (2023 - 2026) Analysis & Trends
For FY2025, Debt Ratio at Lemonade came in at 0.08, up 82.0% from FY2024.
- In earlier years, Debt Ratio was 0.05 in FY2024 (+394.4%) and 0.01 in FY2023.
- The Q2 2026 figure marks the highest quarterly Debt Ratio in data going back to Q3 2023.
- Compared with a year earlier, Debt Ratio has increased for eight straight quarters, with growth averaging 220.0% over the last eight quarters.
- The year-over-year growth in Debt Ratio has ranged between 60.7% (Q2 2026) and 691.1% (Q3 2024) over the last five years.
- Per Business Quant data, LMND's Debt Ratio in the three quarters before Q2 2026 was 0.09 (Q1 2026), 0.08 (Q4 2025) and 0.07 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 140.65 Bn | 87.23 Bn | 9.13 Bn | 0.07 |
| 2 | Progressive | 133.70 Bn | 109.53 Bn | 9.04 Bn | 0.07 |
| 3 | Marsh & Mclennan Companies | 94.75 Bn | 86.91 Bn | - | 0.34 |
| 4 | Travelers Companies | 85.38 Bn | 61.63 Bn | 6.23 Bn | 0.06 |
| 5 | Manulife Financial | 77.63 Bn | -17.25 Bn | - | 0.06 |
| 6 | Arthur J. Gallagher | 69.27 Bn | 63.67 Bn | - | 0.16 |
| 7 | Metlife | 66.42 Bn | -40.36 Bn | 7.82 Bn | 0.01 |
| 8 | Allstate | 66.13 Bn | 27.40 Bn | 8.73 Bn | 0.06 |
| 9 | Aon | 65.25 Bn | 58.47 Bn | - | 0.28 |
| 10 | Lemonade | 3.48 Bn | 1.90 Bn | - | 0.10 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.10 |
| Mar 31, 2026 | 0.09 |
| Dec 31, 2025 | 0.08 |
| Sep 30, 2025 | 0.07 |
| Jun 30, 2025 | 0.06 |
| Mar 31, 2025 | 0.05 |
| Dec 31, 2024 | 0.05 |
| Sep 30, 2024 | 0.04 |
| Jun 30, 2024 | 0.03 |
| Mar 31, 2024 | 0.02 |
| Dec 31, 2023 | 0.01 |
| Sep 30, 2023 | 0.00 |
API Access
Lemonade Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=LMND&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "LMND", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=LMND&period=max&api_key=YOUR_API_KEY");
const data = await res.json();