Lemonade (LMND) Operating Expenses (2019 - 2026)

Lemonade's Operating Expenses history runs 8 years deep, the most recent figure standing at $292.6 million for Q1 2026.

• In Q1 2026, Operating Expenses rose 37.63% year-over-year to $292.6 million; the TTM figure through Mar 2026 stood at $978.8 million (up 25.7% YoY), while the FY2025 annual figure was $898.8 million, up 23.06% from the prior year.
• Operating Expenses was $292.6 million for Q1 2026 at Lemonade, up from $248.7 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $292.6 million in Q1 2026 to a low of $115.0 million in Q2 2022.
• Historically, Operating Expenses has averaged $184.3 million across 5 years, with a median of $174.1 million in 2023.
• The sharpest annual moves came in 2022 and 2023: Operating Expenses soared 63.27% in 2022, then dropped 0.89% in 2023.
• A 5-year view of Operating Expenses shows it stood at $156.5 million in 2022, then declined by 0.89% to $155.1 million in 2023, then advanced by 20.31% to $186.6 million in 2024, then soared by 33.28% to $248.7 million in 2025, then climbed by 17.65% to $292.6 million in 2026.
• The last three Operating Expenses figures came in at $292.6 million (Q1 2026), $248.7 million (Q4 2025), and $230.8 million (Q3 2025), per Business Quant data.