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
DateValue
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