Lemonade (LMND) Gross Margin (2019 - 2026)
Lemonade (LMND) posted quarterly Gross Margin of 48.33% for Q1 2026, up 481.0% year-over-year from 8.32% in Q1 2025, and up 2.07% quarter-over-quarter from 47.35% in Q4 2025.
Lemonade (LMND) Gross Margin (2019 - 2026) Analysis & Trends
Lemonade's Gross Margin history runs 8 years deep, the most recent figure standing at 48.33% for Q1 2026.
- In Q1 2026, Gross Margin rose 481.0% year-over-year to 48.33%; the TTM figure through Mar 2026 stood at 46.75% (up 1454.0% YoY), while the FY2025 annual figure was 35.3%, up 1004.0% from the prior year.
- Gross Margin for Q1 2026 stood at 48.33%, up from 47.35% in the prior quarter.
- The five-year high for Gross Margin was 52.77% in Q2 2025, with the low at 1400.0% in Q4 2022.
- The 5-year median for Gross Margin is 27.44% (2023), against an average of 54.59%.
- The sharpest annual moves came in 2022 and 2023: Gross Margin plunged 140197 bps in 2022, then surged 142253 bps in 2023.
- Lemonade's Gross Margin stood at 1400.0% in 2022, then soared by 102 bps to 22.53% in 2023, then surged by 69 bps to 38.04% in 2024, then grew by 24 bps to 47.35% in 2025, then grew by 2 bps to 48.33% in 2026.
- Business Quant data shows LMND's Gross Margin at 48.33% in Q1 2026, 47.35% in Q4 2025, and 36.0% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 134.48 Bn | 120.72 Bn | 9.13 Bn | 57.69% |
| 2 | Progressive | 123.71 Bn | 118.71 Bn | 9.04 Bn | 38.28% |
| 3 | Travelers Companies | 79.14 Bn | 55.39 Bn | 4.83 Bn | 44.93% |
| 4 | Allstate | 67.04 Bn | 28.31 Bn | 16.28 Bn | 87.55% |
| 5 | Fairfax Financial Holdings | 35.29 Bn | 35.29 Bn | - | - |
| 6 | Cincinnati Financial | 26.69 Bn | 24.80 Bn | 2.39 Bn | 55.85% |
| 7 | Loews | 23.25 Bn | 947.16 Mn | 2.57 Bn | 54.18% |
| 8 | Markel | 23.10 Bn | 6.22 Bn | 2.83 Bn | 70.46% |
| 9 | Assurant | 13.92 Bn | 11.89 Bn | 2.71 Bn | 78.34% |
| 10 | Lemonade | 4.07 Bn | 3.68 Bn | 140.40 Mn | 47.69% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 47.69% |
| Mar 31, 2026 | 48.33% |
| Dec 31, 2025 | 47.35% |
| Sep 30, 2025 | 36.00% |
| Jun 30, 2025 | 52.77% |
| Mar 31, 2025 | 43.52% |
| Dec 31, 2024 | 38.04% |
| Sep 30, 2024 | 18.60% |
| Jun 30, 2024 | 21.05% |
| Mar 31, 2024 | 21.92% |
| Dec 31, 2023 | 22.53% |
| Sep 30, 2023 | 12.36% |
| Jun 30, 2023 | 27.44% |
| Mar 31, 2023 | 33.19% |
| Dec 31, 2022 | -1,400.00% |
| Sep 30, 2022 | 27.97% |
| Jun 30, 2022 | 9.94% |
| Mar 31, 2022 | 10.95% |
| Dec 31, 2021 | 1.97% |
| Sep 30, 2021 | 18.60% |