Lemonade (LMND) Research & Development (2019 - 2026)
Lemonade (LMND) posted quarterly Research & Development of $26.9 million for Q1 2026, up 22.27% year-over-year from $22.0 million in Q1 2025, and up 8.47% on a QoQ basis from $24.8 million in Q4 2025.
Lemonade (LMND) Research & Development (2019 - 2026) Analysis & Trends
Lemonade (LMND) has reported Research & Development for 8 consecutive years, with $26.9 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development rose 22.27% year-over-year to $26.9 million; the TTM figure through Mar 2026 stood at $98.8 million (up 13.69% YoY), while the FY2025 annual figure was $93.9 million, up 9.44% from the prior year.
- Research & Development came in at $26.9 million for Q1 2026 at Lemonade, up from $24.8 million in the prior quarter.
- The five-year high for Research & Development was $26.9 million in Q1 2026, with the low at $16.9 million in Q1 2022.
- Average Research & Development over 5 years is $22.1 million, with a median of $21.8 million recorded in 2023.
- Across the five-year window, Research & Development soared 138.03% in 2022 and fell 12.03% in 2024, its largest moves.
- Year by year, Research & Development stood at $23.5 million in 2022, then dropped by 10.21% to $21.1 million in 2023, then increased by 3.32% to $21.8 million in 2024, then grew by 13.76% to $24.8 million in 2025, then gained by 8.47% to $26.9 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $26.9 million, $24.8 million, and $24.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Markel | 7,105.55 Bn | 7,090.09 Bn | 2.38 Bn | - |
| 2 | Progressive | 131.92 Bn | 127.57 Bn | 8.36 Bn | - |
| 3 | Chubb | 78.78 Bn | 71.35 Bn | 8.64 Bn | - |
| 4 | Cincinnati Financial | 74.32 Bn | 73.06 Bn | 2.60 Bn | - |
| 5 | Travelers Companies | 72.03 Bn | 48.11 Bn | 5.54 Bn | - |
| 6 | Allstate | 63.08 Bn | 38.49 Bn | 14.72 Bn | - |
| 7 | Fairfax Financial Holdings | 34.53 Bn | 39.18 Bn | - | - |
| 8 | Loews | 23.53 Bn | 11.27 Bn | -1.32 Bn | - |
| 9 | Selective Insurance | 20.82 Bn | 19.07 Bn | 543.42 Mn | - |
| 10 | Lemonade | 5.29 Bn | 4.89 Bn | 146.50 Mn | 26.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 26.90 Mn |
| Dec 31, 2025 | 24.80 Mn |
| Sep 30, 2025 | 24.70 Mn |
| Jun 30, 2025 | 22.40 Mn |
| Mar 31, 2025 | 22.00 Mn |
| Dec 31, 2024 | 21.80 Mn |
| Sep 30, 2024 | 21.90 Mn |
| Jun 30, 2024 | 21.20 Mn |
| Mar 31, 2024 | 20.90 Mn |
| Dec 31, 2023 | 21.10 Mn |
| Sep 30, 2023 | 21.80 Mn |
| Jun 30, 2023 | 24.10 Mn |
| Mar 31, 2023 | 21.80 Mn |
| Dec 31, 2022 | 23.50 Mn |
| Sep 30, 2022 | 21.40 Mn |
| Jun 30, 2022 | 17.80 Mn |
| Mar 31, 2022 | 16.90 Mn |
| Dec 31, 2021 | 16.40 Mn |
| Sep 30, 2021 | 14.30 Mn |
| Jun 30, 2021 | 14.00 Mn |