Lemonade (LMND) EBITDA Margin (2019 - 2026)
Lemonade (LMND) posted EBITDA Margin of -13.38% for Q2 2026, up 9.71 percentage points from -23.10% a year earlier but down 1.02 percentage points from the prior quarter.
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Analysis
Lemonade (LMND) EBITDA Margin (2019 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EBITDA Margin at Lemonade was -12.53%, up 18.86 percentage points year-over-year; for FY2025, it was -19.75%, up 15.18 percentage points from FY2024.
- Annual EBITDA Margin has increased for four consecutive years, with a five-year change of +106.42 percentage points (FY2020 to FY2025).
- In prior years, Lemonade's EBITDA Margin was -34.93% in FY2024 (+13.88 pp), -48.81% in FY2023 (+61.28 pp), -110.09% in FY2022 (+68.96 pp) and -179.05% in FY2021 (-52.88 pp).
- Quarterly EBITDA Margin has run from a low of -177.59% in Q3 2021 to a high of -7.89% in Q4 2025 over five years.
- On a year-over-year basis, EBITDA Margin has increased in each of the last five quarters, with an average year-over-year change of +12.74 percentage points over the last eight quarters.
- The strongest year-over-year quarter for EBITDA Margin in the past five years was Q1 2023, with a gain of 97.89 percentage points; the weakest was Q3 2021, with a drop of 8.49 percentage points.
- According to Business Quant data, EBITDA Margin for the three prior quarters was -12.36% (Q1 2026), -7.89% (Q4 2025) and -16.92% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,083.69 Bn | -333.79 Bn | 55.86 Bn | -26.13% |
| 2 | Chubb | 127.81 Bn | 79.86 Bn | 9.13 Bn | - |
| 3 | Progressive | 121.79 Bn | 97.63 Bn | 9.04 Bn | -43.55% |
| 4 | Marsh & Mclennan Companies | 80.80 Bn | 72.54 Bn | - | 28.71% |
| 5 | Travelers Companies | 75.76 Bn | 52.01 Bn | 6.23 Bn | -9.87% |
| 6 | Manulife Financial | 74.06 Bn | 75.27 Bn | - | - |
| 7 | Metlife | 61.12 Bn | -45.36 Bn | 7.82 Bn | - |
| 8 | Arthur J. Gallagher | 58.82 Bn | 53.25 Bn | - | 23.48% |
| 9 | Allstate | 57.81 Bn | 19.06 Bn | 8.73 Bn | -30.30% |
| 10 | Lemonade | 3.40 Bn | 1.81 Bn | - | -13.38% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -13.38% |
| Mar 31, 2026 | -12.36% |
| Dec 31, 2025 | -7.89% |
| Sep 30, 2025 | -16.92% |
| Jun 30, 2025 | -23.10% |
| Mar 31, 2025 | -37.63% |
| Dec 31, 2024 | -22.24% |
| Sep 30, 2024 | -44.44% |
| Jun 30, 2024 | -40.90% |
| Mar 31, 2024 | -33.75% |
| Dec 31, 2023 | -30.13% |
| Sep 30, 2023 | -47.69% |
| Jun 30, 2023 | -58.13% |
| Mar 31, 2023 | -62.61% |
| Dec 31, 2022 | -70.93% |
| Sep 30, 2022 | -115.41% |
| Jun 30, 2022 | -126.80% |
| Mar 31, 2022 | -160.50% |
| Dec 31, 2021 | -163.90% |
| Sep 30, 2021 | -177.59% |
API Access
Lemonade EBITDA Margin 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=ebitda-margin&ticker=LMND&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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=ebitda-margin&ticker=LMND&period=max&api_key=YOUR_API_KEY");
const data = await res.json();