Lemonade (LMND) Net Margin (2019 - 2026)
Lemonade's Net Margin came in at -14.74% for Q2 2026, up 12.01 percentage points from -26.75% a year earlier but down 0.87 percentage points from the prior quarter.
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Analysis
Lemonade (LMND) Net Margin (2019 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Lemonade reported Net Margin of -14.19%, up 19.77 percentage points year-over-year; for FY2025, it was -22.43%, up 15.98 percentage points from FY2024.
- Net Margin has increased in each of the last four years, with a five-year change of +107.13 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was -38.40% in FY2024 (+16.71 pp), -55.12% in FY2023 (+60.89 pp), -116.01% in FY2022 (+71.92 pp) and -187.93% in FY2021 (-58.37 pp).
- The five-year range for quarterly Net Margin is -185.99% (Q3 2021) to -9.51% (Q4 2025).
- Year-over-year, Net Margin has increased for five consecutive quarters, with an average year-over-year change of +14.95 percentage points over the last eight quarters.
- The fastest year-over-year change in Net Margin over five years came in Q1 2023 (a gain of 99.73 percentage points), and the weakest in Q3 2021 (a drop of 12.40 percentage points).
- Business Quant data shows LMND's Net Margin at -13.88% (Q1 2026), -9.51% (Q4 2025) and -19.28% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,083.69 Bn | -333.79 Bn | 55.86 Bn | 25.21% |
| 2 | Chubb | 127.81 Bn | 79.86 Bn | 9.13 Bn | 18.05% |
| 3 | Progressive | 121.79 Bn | 97.63 Bn | 9.04 Bn | 14.02% |
| 4 | Marsh & Mclennan Companies | 80.80 Bn | 72.54 Bn | - | 17.10% |
| 5 | Travelers Companies | 75.76 Bn | 52.01 Bn | 6.23 Bn | 18.17% |
| 6 | Manulife Financial | 74.06 Bn | 75.27 Bn | - | 10.52% |
| 7 | Metlife | 61.12 Bn | -45.36 Bn | 7.82 Bn | 3.68% |
| 8 | Arthur J. Gallagher | 58.82 Bn | 53.25 Bn | - | 8.09% |
| 9 | Allstate | 57.81 Bn | 19.06 Bn | 8.73 Bn | 17.43% |
| 10 | Lemonade | 3.40 Bn | 1.81 Bn | - | -14.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -14.74% |
| Mar 31, 2026 | -13.88% |
| Dec 31, 2025 | -9.51% |
| Sep 30, 2025 | -19.28% |
| Jun 30, 2025 | -26.75% |
| Mar 31, 2025 | -41.27% |
| Dec 31, 2024 | -20.16% |
| Sep 30, 2024 | -49.56% |
| Jun 30, 2024 | -46.89% |
| Mar 31, 2024 | -39.71% |
| Dec 31, 2023 | -36.71% |
| Sep 30, 2023 | -53.71% |
| Jun 30, 2023 | -64.24% |
| Mar 31, 2023 | -69.12% |
| Dec 31, 2022 | -72.06% |
| Sep 30, 2022 | -123.51% |
| Jun 30, 2022 | -135.80% |
| Mar 31, 2022 | -168.85% |
| Dec 31, 2021 | -171.46% |
| Sep 30, 2021 | -185.99% |
API Access
Lemonade Net 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=net-margin&ticker=LMND&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=LMND&period=max&api_key=YOUR_API_KEY");
const data = await res.json();