Lemonade (LMND) Operating Expenses (2019 - 2026)
Lemonade (LMND) posted quarterly Operating Expenses of $292.6 million for Q1 2026, up 37.63% year-over-year from $212.6 million in Q1 2025, and up 17.65% quarter-over-quarter from $248.7 million in Q4 2025.
Lemonade (LMND) Operating Expenses (2019 - 2026) Analysis & Trends
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 for Q1 2026 stood at $292.6 million, up from $248.7 million in the prior quarter.
- The five-year high for Operating Expenses was $292.6 million in Q1 2026, with the low at $115.0 million in Q2 2022.
- The 5-year median for Operating Expenses is $174.1 million (2023), against an average of $184.3 million.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses surged 63.27% in 2022, then slipped 0.89% in 2023.
- Lemonade's Operating Expenses stood at $156.5 million in 2022, then dropped by 0.89% to $155.1 million in 2023, then gained by 20.31% to $186.6 million in 2024, then surged by 33.28% to $248.7 million in 2025, then advanced by 17.65% to $292.6 million in 2026.
- Business Quant data shows LMND's Operating Expenses at $292.6 million in Q1 2026, $248.7 million in Q4 2025, and $230.8 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 135.01 Bn | 121.24 Bn | 9.13 Bn | 12.19 Bn |
| 2 | Progressive | 124.83 Bn | 119.83 Bn | 9.04 Bn | 19.40 Bn |
| 3 | Travelers Companies | 79.46 Bn | 55.71 Bn | 4.83 Bn | 9.39 Bn |
| 4 | Allstate | 68.25 Bn | 29.52 Bn | 16.28 Bn | 14.45 Bn |
| 5 | Fairfax Financial Holdings | 35.31 Bn | 35.31 Bn | - | -134.80 Mn |
| 6 | Cincinnati Financial | 26.75 Bn | 24.86 Bn | 2.39 Bn | 2.70 Bn |
| 7 | Loews | 23.29 Bn | 995.49 Mn | 2.57 Bn | 4.12 Bn |
| 8 | Markel | 23.23 Bn | 6.35 Bn | 2.83 Bn | 3.63 Bn |
| 9 | Assurant | 14.11 Bn | 12.08 Bn | 2.71 Bn | 3.08 Bn |
| 10 | Lemonade | 4.04 Bn | 3.65 Bn | 140.40 Mn | 336.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 336.20 Mn |
| Mar 31, 2026 | 292.60 Mn |
| Dec 31, 2025 | 248.70 Mn |
| Sep 30, 2025 | 230.80 Mn |
| Jun 30, 2025 | 206.70 Mn |
| Mar 31, 2025 | 212.60 Mn |
| Dec 31, 2024 | 186.60 Mn |
| Sep 30, 2024 | 202.40 Mn |
| Jun 30, 2024 | 177.10 Mn |
| Mar 31, 2024 | 164.30 Mn |
| Dec 31, 2023 | 155.10 Mn |
| Sep 30, 2023 | 174.10 Mn |
| Jun 30, 2023 | 170.50 Mn |
| Mar 31, 2023 | 159.90 Mn |
| Dec 31, 2022 | 156.50 Mn |
| Sep 30, 2022 | 163.10 Mn |
| Jun 30, 2022 | 115.00 Mn |
| Mar 31, 2022 | 116.90 Mn |
| Dec 31, 2021 | 109.40 Mn |
| Sep 30, 2021 | 99.90 Mn |