Lemonade (LMND) Gross Margin (2019 - 2026)

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.