Lemonade LMND
NYSE LMND
$53.14 +1.80 (+3.51%)
At close: Sep 2, 2026 · 4:00 PM EDT

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.

Analysis

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.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Chubb 131.15 Bn 117.38 Bn 9.13 Bn -
2 Progressive 128.80 Bn 123.80 Bn 9.04 Bn -
3 Travelers Companies 76.99 Bn 53.24 Bn 6.23 Bn -
4 Allstate 66.35 Bn 27.62 Bn 16.28 Bn -
5 Fairfax Financial Holdings 35.82 Bn 35.82 Bn - -
6 Cincinnati Financial 26.40 Bn 24.51 Bn 2.39 Bn -
7 Markel 22.75 Bn 5.86 Bn 2.83 Bn -
8 Loews 22.37 Bn 67.62 Mn 2.57 Bn -
9 Assurant 14.04 Bn 12.01 Bn 2.71 Bn -
10 Lemonade 4.08 Bn 3.69 Bn 140.40 Mn 77.70 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 77.70 Mn
Mar 31, 2026 66.10 Mn
Dec 31, 2025 64.20 Mn
Sep 30, 2025 57.40 Mn
Jun 30, 2025 59.60 Mn
Mar 31, 2025 43.20 Mn
Dec 31, 2024 47.70 Mn
Sep 30, 2024 51.40 Mn
Jun 30, 2024 36.80 Mn
Mar 31, 2024 30.40 Mn
Dec 31, 2023 24.50 Mn
Sep 30, 2023 24.40 Mn
Jun 30, 2023 24.80 Mn
Mar 31, 2023 28.20 Mn
Dec 31, 2022 27.20 Mn
Sep 30, 2022 35.80 Mn
Jun 30, 2022 37.00 Mn
Mar 31, 2022 38.30 Mn
Dec 31, 2021 37.20 Mn
Sep 30, 2021 42.20 Mn