Lemonade (LMND) Research & Development (2019 - 2026)
Lemonade (LMND) posted quarterly Research & Development of $66.1 million for Q1 2026, up 53.01% year-over-year from $43.2 million in Q1 2025, and up 199.7% quarter-over-quarter from -$66.3 million in Q4 2025.
Lemonade (LMND) Research & Development (2019 - 2026) Analysis & Trends
Lemonade's Research & Development history runs 8 years deep, the most recent figure standing at $66.1 million for Q1 2026.
- In Q1 2026, Research & Development rose 53.01% year-over-year to $66.1 million; the TTM figure through Mar 2026 stood at $46.9 million (down 56.61% YoY), while the FY2025 annual figure was $93.9 million, up 9.44% from the prior year.
- Research & Development for Q1 2026 stood at $66.1 million, up from -$66.3 million in the prior quarter.
- The five-year high for Research & Development was $66.1 million in Q1 2026, with the low at -$66.3 million in Q4 2025.
- The 5-year median for Research & Development is $22.4 million (2025), against an average of $19.0 million.
- The sharpest annual moves came in 2023 and 2025: Research & Development jumped 166.98% in 2023, then plunged 404.13% in 2025.
- Lemonade's Research & Development stood at -$31.5 million in 2022, then soared by 166.98% to $21.1 million in 2023, then gained by 3.32% to $21.8 million in 2024, then slumped by 404.13% to -$66.3 million in 2025, then surged by 199.7% to $66.1 million in 2026.
- Business Quant data shows LMND's Research & Development at $66.1 million in Q1 2026, -$66.3 million in Q4 2025, and $24.7 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 134.88 Bn | 121.11 Bn | 9.13 Bn | - |
| 2 | Progressive | 124.62 Bn | 119.62 Bn | 9.04 Bn | - |
| 3 | Travelers Companies | 79.32 Bn | 55.57 Bn | 4.83 Bn | - |
| 4 | Allstate | 67.93 Bn | 29.20 Bn | 16.28 Bn | - |
| 5 | Fairfax Financial Holdings | 35.56 Bn | 35.56 Bn | - | - |
| 6 | Cincinnati Financial | 26.75 Bn | 24.86 Bn | 2.39 Bn | - |
| 7 | Loews | 23.29 Bn | 990.32 Mn | 2.57 Bn | - |
| 8 | Markel | 23.19 Bn | 6.30 Bn | 2.83 Bn | - |
| 9 | Assurant | 14.09 Bn | 12.06 Bn | 2.71 Bn | - |
| 10 | Lemonade | 4.04 Bn | 3.65 Bn | 140.40 Mn | 77.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 77.70 Mn |
| Mar 31, 2026 | 66.10 Mn |
| Dec 31, 2025 | -66.30 Mn |
| Sep 30, 2025 | 24.70 Mn |
| Jun 30, 2025 | 22.40 Mn |
| Mar 31, 2025 | 43.20 Mn |
| Dec 31, 2024 | 21.80 Mn |
| Sep 30, 2024 | 21.90 Mn |
| Jun 30, 2024 | 21.20 Mn |
| Mar 31, 2024 | 30.40 Mn |
| Dec 31, 2023 | 21.10 Mn |
| Sep 30, 2023 | 24.40 Mn |
| Jun 30, 2023 | 24.10 Mn |
| Mar 31, 2023 | 28.20 Mn |
| Dec 31, 2022 | -31.50 Mn |
| Sep 30, 2022 | 35.80 Mn |
| Jun 30, 2022 | 17.80 Mn |
| Mar 31, 2022 | 16.90 Mn |
| Dec 31, 2021 | 106.20 Mn |
| Sep 30, 2021 | 14.30 Mn |