Lemonade (LMND) Gross Margin (2019 - 2026)
Lemonade (LMND) recorded quarterly Gross Margin of 68.91% in Q1 2026, down 17.13% quarter-over-quarter from 83.15% in Q4 2025, and down 252.0% on a YoY basis from 45.33% in Q1 2025.
Lemonade (LMND) Gross Margin (2019 - 2026) Analysis & Trends
Lemonade's Gross Margin history runs 8 years deep, the most recent figure standing at 68.91% for Q1 2026.
- In Q1 2026, Gross Margin fell 252.0% year-over-year to 68.91%; the TTM figure through Mar 2026 stood at 74.03% (up 863.0% YoY), while the FY2025 annual figure was 69.59%, up 118.0% from the prior year.
- Gross Margin was 68.91% for Q1 2026 at Lemonade, down from 83.15% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 87.66% in Q4 2023 to a low of 563.41% in Q4 2022.
- Historically, Gross Margin has averaged 23.64% across 5 years, with a median of 68.91% in 2026.
- The sharpest annual moves came in 2022 and 2023: Gross Margin sank 51696 bps in 2022, then surged 65107 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 563.41% in 2022, then surged by 116 bps to 87.66% in 2023, then fell by 22 bps to 67.94% in 2024, then rose by 22 bps to 83.15% in 2025, then fell by 17 bps to 68.91% in 2026.
- The last three Gross Margin figures came in at 68.91% (Q1 2026), 83.15% (Q4 2025), and 70.49% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 127.40 Bn | 119.98 Bn | 8.64 Bn | 58.50% |
| 2 | Progressive | 119.47 Bn | 115.12 Bn | 8.36 Bn | 37.68% |
| 3 | Travelers Companies | 65.26 Bn | 41.34 Bn | 5.54 Bn | 46.48% |
| 4 | Allstate | 57.33 Bn | 32.74 Bn | 14.72 Bn | 86.87% |
| 5 | Berkley W R | 26.90 Bn | 23.16 Bn | 2.72 Bn | 73.70% |
| 6 | Cincinnati Financial | 25.67 Bn | 24.41 Bn | 2.60 Bn | 99.65% |
| 7 | Markel | 22.97 Bn | 7.51 Bn | 2.38 Bn | 67.14% |
| 8 | Loews | 22.18 Bn | 9.92 Bn | -1.32 Bn | -153.50% |
| 9 | Assurant | 12.79 Bn | 10.87 Bn | 2.01 Bn | 72.35% |
| 10 | Lemonade | 3.93 Bn | 3.52 Bn | 146.50 Mn | 68.91% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 68.91% |
| Dec 31, 2025 | 83.15% |
| Sep 30, 2025 | 70.49% |
| Jun 30, 2025 | 63.68% |
| Mar 31, 2025 | 71.43% |
| Dec 31, 2024 | 67.94% |
| Sep 30, 2024 | 46.29% |
| Jun 30, 2024 | 69.84% |
| Mar 31, 2024 | 63.98% |
| Dec 31, 2023 | 87.66% |
| Sep 30, 2023 | 78.69% |
| Jun 30, 2023 | 76.29% |
| Mar 31, 2023 | 70.38% |
| Dec 31, 2022 | -563.41% |
| Sep 30, 2022 | 51.62% |
| Jun 30, 2022 | -18.59% |
| Mar 31, 2022 | 13.54% |
| Dec 31, 2021 | -46.46% |
| Sep 30, 2021 | -18.21% |
| Jun 30, 2021 | -17.38% |