Growth Metrics

Lemonade (LMND) Research & Development (2019 - 2025)

Lemonade (LMND) has 7 years of Research & Development data on record, last reported at $24.8 million in Q4 2025.

  • For Q4 2025, Research & Development rose 13.76% year-over-year to $24.8 million; the TTM value through Dec 2025 reached $93.9 million, up 9.44%, while the annual FY2025 figure was $93.9 million, 9.44% up from the prior year.
  • Research & Development reached $24.8 million in Q4 2025 per LMND's latest filing, roughly flat from $24.7 million in the prior quarter.
  • Across five years, Research & Development topped out at $24.8 million in Q4 2025 and bottomed at $7.1 million in Q1 2021.
  • Average Research & Development over 5 years is $20.0 million, with a median of $21.6 million recorded in 2022.
  • Peak YoY movement for Research & Development: soared 233.33% in 2021, then fell 12.03% in 2024.
  • A 5-year view of Research & Development shows it stood at $16.4 million in 2021, then skyrocketed by 43.29% to $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.
  • Per Business Quant database, its latest 3 readings for Research & Development were $24.8 million in Q4 2025, $24.7 million in Q3 2025, and $22.4 million in Q2 2025.