Lemonade (LMND) Debt to Equity (2023 - 2026)

Lemonade (LMND) recorded quarterly Debt to Equity of $0.35 in Q1 2026, up 17.02% quarter-over-quarter from $0.3 in Q4 2025, and up 85.61% on a YoY basis from $0.19 in Q1 2025.

Lemonade (LMND) Debt to Equity (2023 - 2026) Analysis & Trends

Lemonade's Debt to Equity history runs 4 years deep, the most recent figure standing at $0.35 for Q1 2026.

  • In Q1 2026, Debt to Equity rose 85.61% year-over-year to $0.35; the TTM figure through Mar 2026 stood at $0.35 (up 85.61% YoY), while the FY2025 annual figure was $0.3, up 110.81% from the prior year.
  • Debt to Equity was $0.35 for Q1 2026 at Lemonade, up from $0.3 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $0.35 in Q1 2026 to a low of $0.01 in Q3 2023.
  • Historically, Debt to Equity has averaged $0.16 across 4 years, with a median of $0.14 in 2024.
  • The sharpest annual moves came in 2024 and 2026: Debt to Equity soared 972.97% in 2024, then soared 85.61% in 2026.
  • A 4-year view of Debt to Equity shows it stood at $0.02 in 2023, then soared by 568.68% to $0.14 in 2024, then soared by 110.81% to $0.3 in 2025, then climbed by 17.02% to $0.35 in 2026.
  • The last three Debt to Equity figures came in at $0.35 (Q1 2026), $0.3 (Q4 2025), and $0.27 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Chubb 127.40 Bn 119.98 Bn 8.64 Bn 0.03
2 Progressive 119.47 Bn 115.12 Bn 8.36 Bn -
3 Travelers Companies 65.26 Bn 41.34 Bn 5.54 Bn -
4 Allstate 57.33 Bn 32.74 Bn 14.72 Bn -
5 Berkley W R 26.90 Bn 23.16 Bn 2.72 Bn 0.17
6 Cincinnati Financial 25.67 Bn 24.41 Bn 2.60 Bn 0.05
7 Markel 22.97 Bn 7.51 Bn 2.38 Bn -
8 Loews 22.18 Bn 9.92 Bn -1.32 Bn 0.48
9 Assurant 12.79 Bn 10.87 Bn 2.01 Bn 0.38
10 Lemonade 3.93 Bn 3.52 Bn 146.50 Mn 0.35

Historic Data

Download Data
DateValue
Mar 31, 2026 0.35
Dec 31, 2025 0.30
Sep 30, 2025 0.27
Jun 30, 2025 0.23
Mar 31, 2025 0.19
Dec 31, 2024 0.14
Sep 30, 2024 0.11
Jun 30, 2024 0.07
Mar 31, 2024 0.04
Dec 31, 2023 0.02
Sep 30, 2023 0.01