Lemonade reported revenue of $294.40M and net income of -$44.40M for the quarter ended Jun 2026, up 79.4% year over year. This income statement covers 29 quarters of results from Jun 2019 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Income Statement | Jun2019 | Sep2019 | Dec2019 | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & cost | |||||||||||||||||||||||||||||
| Revenue | 35.70M | 41.00M | 44.30M | 50.00M | 74.00M | 88.40M | 95.20M | 104.60M | 114.50M | 115.50M | 119.10M | 122.00M | 136.60M | 148.80M | 151.20M | 164.10M | 194.50M | 228.10M | 258.00M | 294.40M | |||||||||
| Cost of RevenueCost of Rev | 17.50M | 24.90M | 24.40M | 28.10M | 53.30M | 61.50M | 63.60M | 75.90M | 75.90M | 65.00M | 65.90M | 70.50M | 77.90M | 62.70M | 85.40M | 77.50M | 89.60M | 94.50M | 133.30M | 154.00M | |||||||||
| Gross Profit | 18.20M | 16.10M | 19.90M | 21.90M | 20.70M | 26.90M | 31.60M | 28.70M | 38.60M | 50.50M | 53.20M | 51.50M | 58.70M | 86.10M | 65.80M | 86.60M | 104.90M | 133.60M | 124.70M | 140.40M | |||||||||
| Operating items | |||||||||||||||||||||||||||||
| Research & DevelopmentR&D | 42.20M | 37.20M | 38.30M | 37.00M | 35.80M | 27.20M | 28.20M | 24.80M | 24.40M | 24.50M | 30.40M | 36.80M | 51.40M | 47.70M | 43.20M | 59.60M | 57.40M | 64.20M | 66.10M | 77.70M | |||||||||
| Selling, General & AdministrativeSG&A | 19.60M | 23.10M | 28.20M | 22.40M | 40.50M | 31.20M | 32.70M | 30.70M | 36.90M | 29.00M | 29.80M | 29.80M | 31.40M | 33.50M | 35.90M | 25.80M | 35.00M | 43.10M | 42.20M | 47.80M | |||||||||
| Other Operating ExpensesOther Opex | 38.10M | 49.10M | 50.40M | 55.60M | 86.80M | 98.10M | 99.00M | 115.00M | 112.80M | 101.60M | 104.10M | 110.50M | 119.60M | 105.40M | 133.50M | 121.30M | 138.40M | 141.40M | 184.30M | 210.70M | |||||||||
| Operating ExpensesOpex | 99.90M | 109.40M | 116.90M | 115.00M | 163.10M | 156.50M | 159.90M | 170.50M | 174.10M | 155.10M | 164.30M | 177.10M | 202.40M | 186.60M | 212.60M | 206.70M | 230.80M | 248.70M | 292.60M | 336.20M | |||||||||
| Operating IncomeOp. Inc | 0.60M | 0.90M | 0.90M | 1.20M | 2.60M | 3.70M | 5.00M | 5.60M | 7.00M | 7.10M | 7.60M | 8.10M | 8.90M | 9.40M | 9.50M | 9.40M | 9.70M | 9.20M | 9.80M | 9.70M | |||||||||
| EBIT | 0.60M | 0.90M | 0.90M | 1.20M | 2.60M | 3.70M | 5.00M | 5.60M | 7.00M | 7.10M | 7.60M | 8.10M | 8.90M | 9.40M | 9.50M | 9.40M | 9.70M | 9.20M | 9.80M | 9.70M | |||||||||
| Net income details | |||||||||||||||||||||||||||||
| EBT | -64.20M | -68.40M | -72.60M | -65.00M | -89.10M | -68.10M | -64.70M | -65.90M | -59.60M | -39.60M | -45.20M | -55.10M | -65.80M | -37.80M | -61.40M | -42.60M | -36.30M | -20.60M | -34.60M | -41.80M | |||||||||
| Tax ProvisionsTaxes | 2.20M | 1.90M | 2.20M | 2.90M | 2.30M | -4.40M | 1.10M | 1.30M | 1.90M | 2.80M | 2.10M | 2.10M | 1.90M | -7.80M | 1.00M | 1.30M | 1.20M | 1.10M | 1.20M | 1.60M | |||||||||
| Profit After TaxPAT | -67.20M | -73.80M | -74.80M | -67.90M | -97.90M | -56.00M | -65.80M | -67.20M | -61.50M | -42.40M | -47.30M | -57.20M | -67.70M | -30.00M | -62.40M | -43.90M | -37.50M | -21.70M | -35.80M | -44.40M | |||||||||
| Income from Continuing OperationsIncome (Continuing) | -66.40M | -70.30M | -74.80M | -67.90M | -91.40M | -63.70M | -65.80M | -67.20M | -61.50M | -42.40M | -47.30M | -57.20M | -67.70M | -30.00M | -62.40M | -43.90M | -37.50M | -21.70M | -35.80M | -43.40M | |||||||||
| Consolidated Net IncomeConsol Net Inc. | -66.40M | -70.30M | -74.80M | -67.90M | -91.40M | -63.70M | -65.80M | -67.20M | -61.50M | -42.40M | -47.30M | -57.20M | -67.70M | -30.00M | -62.40M | -43.90M | -37.50M | -21.70M | -35.80M | -43.40M | |||||||||
| Income towards Parent CompanyParent Net Inc | -66.40M | -70.30M | -74.80M | -67.90M | -91.40M | -63.70M | -65.80M | -67.20M | -61.50M | -42.40M | -47.30M | -57.20M | -67.70M | -30.00M | -62.40M | -43.90M | -37.50M | -21.70M | -35.80M | -43.40M | |||||||||
| Net Income towards Common StockholdersNet Income | -66.40M | -70.30M | -74.80M | -67.90M | -91.40M | -63.70M | -65.80M | -67.20M | -61.50M | -42.40M | -47.30M | -57.20M | -67.70M | -30.00M | -62.40M | -43.90M | -37.50M | -21.70M | -35.80M | -43.40M | |||||||||
| Additional items | |||||||||||||||||||||||||||||
| EPS (Basic) | -1.08 | -1.15 | -1.21 | -1.10 | -1.37 | -0.98 | -0.95 | -0.97 | -0.88 | -0.61 | -0.67 | -0.81 | -0.95 | -0.42 | -0.86 | -0.60 | -0.51 | -0.29 | -0.47 | -0.56 | |||||||||
| EPS (Diluted) | -1.08 | -1.15 | -1.21 | -1.10 | -1.37 | -0.98 | -0.95 | -0.97 | -0.88 | -0.61 | -0.67 | -0.81 | -0.95 | -0.42 | -0.86 | -0.60 | -0.51 | -0.29 | -0.47 | -0.56 | |||||||||
| Shares Outstanding | 61.58M | 61.22M | 61.70M | 61.82M | 66.88M | 64.92M | 69.33M | 69.53M | 69.75M | 69.66M | 70.28M | 70.72M | 71.14M | 71.02M | 72.92M | 73.43M | 74.19M | 73.94M | 76.31M | 76.98M | |||||||||
| Shares Outstanding (Diluted)Shares Outstanding (Dil.) | 61.58M | 61.22M | 61.70M | 61.82M | 66.88M | 64.92M | 69.33M | 69.53M | 69.75M | 69.66M | 70.28M | 70.72M | 71.14M | 71.02M | 72.92M | 73.43M | 74.19M | 73.94M | 76.31M | 76.98M | |||||||||
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 61.62M | 61.66M | 61.76M | 61.87M | 69.12M | 69.28M | 69.45M | 69.67M | 69.91M | 70.16M | 70.48M | 71.00M | 71.38M | 72.72M | 73.21M | 73.82M | 74.67M | 75.91M | 76.79M | 77.33M | |||||||||
| EBITDA | 0.60M | 0.90M | 0.90M | 1.20M | 2.60M | 3.70M | 5.00M | 5.60M | 7.00M | 7.10M | 7.60M | 8.10M | 8.90M | 9.40M | 9.50M | 9.40M | 9.70M | 9.20M | 9.80M | 9.70M | |||||||||
| Interest ExpensesInt Expense | 1.00M | 1.60M | 1.90M | 2.20M | 2.70M | 2.70M | 2.70M | 2.40M | 2.50M | 2.50M | 2.50M | 2.50M | 2.80M | 2.80M | 2.80M | 2.80M | 3.10M | 4.10M | 4.50M | 5.00M | |||||||||
| Tax Rate | -3.43% | -2.78% | -3.03% | -4.46% | -2.58% | 6.46% | -1.70% | -1.97% | -3.19% | -7.07% | -4.65% | -3.81% | -2.89% | 20.63% | -1.63% | -3.05% | -3.31% | -5.34% | -3.47% | -3.83% |