Lemonade reported a gross margin of 47.69% and a net margin of -14.74% for the quarter ended Jun 2026. These financial ratios cover 29 quarters of results from Jun 2019 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | |||||||||||||||||||||||||||||
| Gross Margin | 50.98% | 39.27% | 44.92% | 43.80% | 27.97% | 30.43% | 33.19% | 27.44% | 33.71% | 43.72% | 44.67% | 42.21% | 42.97% | 57.86% | 43.52% | 52.77% | 53.93% | 58.57% | 48.33% | 47.69% | |||||||||
| EBT Margin | -179.83% | -166.83% | -163.88% | -130.00% | -120.41% | -77.04% | -67.96% | -63.00% | -52.05% | -34.29% | -37.95% | -45.16% | -48.17% | -25.40% | -40.61% | -25.96% | -18.66% | -9.03% | -13.41% | -14.20% | |||||||||
| EBIT Margin | 1.68% | 2.20% | 2.03% | 2.40% | 3.51% | 4.19% | 5.25% | 5.35% | 6.11% | 6.15% | 6.38% | 6.64% | 6.52% | 6.32% | 6.28% | 5.73% | 4.99% | 4.03% | 3.80% | 3.29% | |||||||||
| EBITDA Margin | 1.68% | 2.20% | 2.03% | 2.40% | 3.51% | 4.19% | 5.25% | 5.35% | 6.11% | 6.15% | 6.38% | 6.64% | 6.52% | 6.32% | 6.28% | 5.73% | 4.99% | 4.03% | 3.80% | 3.29% | |||||||||
| Operating Margin | 1.68% | 2.20% | 2.03% | 2.40% | 3.51% | 4.19% | 5.25% | 5.35% | 6.11% | 6.15% | 6.38% | 6.64% | 6.52% | 6.32% | 6.28% | 5.73% | 4.99% | 4.03% | 3.80% | 3.29% | |||||||||
| Net Margin | -185.99% | -171.46% | -168.85% | -135.80% | -123.51% | -72.06% | -69.12% | -64.24% | -53.71% | -36.71% | -39.71% | -46.89% | -49.56% | -20.16% | -41.27% | -26.75% | -19.28% | -9.51% | -13.88% | -14.74% | |||||||||
| FCF Margin | -114.57% | -126.59% | -95.49% | -84.00% | -77.84% | -35.29% | -51.58% | -49.90% | -7.42% | -16.02% | -27.12% | -10.82% | 10.32% | 7.12% | -32.74% | 2.07% | 1.34% | 7.72% | -1.59% | -2.72% | |||||||||
| Efficiency | |||||||||||||||||||||||||||||
| Assets AverageAssets Avg. | 1,504.50M | 1,516.10M | 1,502.95M | 1,478.15M | 1,586.90M | 1,701.80M | 1,665.95M | 1,627.15M | 1,630.35M | 1,640.45M | 1,639.85M | 1,680.15M | 1,768.45M | 1,836.05M | 1,852.85M | 1,895.60M | 1,926.70M | 1,922.25M | 1,941.80M | 1,984.90M | |||||||||
| Asset Utilization RatioAsset Util. | 0.07 | 0.08 | 0.10 | 0.12 | 0.13 | 0.15 | 0.18 | 0.22 | 0.25 | 0.26 | 0.28 | 0.28 | 0.28 | 0.29 | 0.30 | 0.32 | 0.34 | 0.38 | 0.44 | 0.49 | |||||||||
| Leverage & Solvency | |||||||||||||||||||||||||||||
| Interest Coverage RatioInterest Cover | 0.60 | 0.56 | 0.47 | 0.55 | 0.96 | 1.37 | 1.85 | 2.33 | 2.80 | 2.84 | 3.04 | 3.24 | 3.18 | 3.36 | 3.39 | 3.36 | 3.13 | 2.24 | 2.18 | 1.94 | |||||||||
| Debt Ratio | 0.00 | 0.01 | 0.02 | 0.03 | 0.04 | 0.05 | 0.05 | 0.06 | 0.07 | 0.08 | 0.09 | 0.10 | |||||||||||||||||
| Times Interest Earned | 0.60 | 0.56 | 0.47 | 0.55 | 0.96 | 1.37 | 1.85 | 2.33 | 2.80 | 2.84 | 3.04 | 3.24 | 3.18 | 3.36 | 3.39 | 3.36 | 3.13 | 2.24 | 2.18 | 1.94 | |||||||||
| Valuation | |||||||||||||||||||||||||||||
| Price to EarningsP/E | -62.18 | -36.94 | -21.77 | -16.64 | -16.02 | -14.88 | -15.05 | -17.47 | -13.21 | -26.69 | -24.45 | -20.48 | -17.39 | -88.91 | -36.88 | -73.67 | -106.58 | -248.99 | -134.44 | -115.90 | |||||||||
| Price to SalesP/S | 115.65 | 63.33 | 36.76 | 22.59 | 19.78 | 10.72 | 10.40 | 11.22 | 7.09 | 9.80 | 9.71 | 9.60 | 8.62 | 17.93 | 15.22 | 19.71 | 20.55 | 23.69 | 18.66 | 17.09 | |||||||||
| Price to BookP/B | 3.94 | 2.63 | 1.78 | 1.33 | 1.61 | 1.09 | 1.21 | 1.52 | 1.12 | 1.60 | 1.71 | 1.84 | 1.98 | 4.50 | 4.22 | 6.14 | 7.74 | 10.13 | 9.29 | 10.07 | |||||||||
| Enterprise Value | 3,701.76M | 2,215.54M | 679.08M | 231.70M | 1,096.17M | 561.38M | 646.15M | 908.81M | 500.85M | 814.44M | 849.25M | 777.85M | 808.13M | 2,254.20M | 1,960.88M | 2,826.74M | 3,617.87M | 4,992.18M | 4,406.99M | 4,640.60M | |||||||||
| EV to EBIT | 0.01M | 0.00M | 754.53 | 193.08 | 421.60 | 151.72 | 129.23 | 162.29 | 71.55 | 114.71 | 111.74 | 96.03 | 90.80 | 239.81 | 206.41 | 300.72 | 372.98 | 542.63 | 449.69 | 478.41 | |||||||||
| EV to EBITDA | 0.01M | 0.00M | 754.53 | 193.08 | 421.60 | 151.72 | 129.23 | 162.29 | 71.55 | 114.71 | 111.74 | 96.03 | 90.80 | 239.81 | 206.41 | 300.72 | 372.98 | 542.63 | 449.69 | 478.41 | |||||||||
| Market Capitalization | 4,128.86M | 2,596.54M | 1,628.58M | 1,129.70M | 1,463.97M | 947.68M | 990.35M | 1,173.91M | 812.35M | 1,131.74M | 1,156.55M | 1,171.55M | 1,177.03M | 2,667.40M | 2,301.08M | 3,234.04M | 3,996.87M | 5,403.08M | 4,812.99M | 5,030.10M | |||||||||
| Price to FCFP/FCF | -100.95 | -50.03 | -38.50 | -26.90 | -25.42 | -30.37 | -20.17 | -22.49 | -95.57 | -61.18 | -35.81 | -88.75 | 83.48 | 251.64 | -46.49 | 951.19 | 0.00M | 306.99 | -0.00M | -628.76 | |||||||||
| EV to FCF | -90.51 | -42.69 | -16.05 | -5.52 | -19.03 | -17.99 | -13.16 | -17.41 | -58.92 | -44.02 | -26.29 | -58.93 | 57.31 | 212.66 | -39.61 | 831.39 | 0.00M | 283.65 | -0.00M | -580.08 | |||||||||
| EV to CFO | -96.90 | -44.40 | -17.19 | -5.76 | -20.04 | -19.63 | -13.93 | -18.07 | -79.50 | -50.59 | -28.50 | -66.48 | 49.58 | 163.35 | -41.54 | 513.95 | 803.97 | 241.17 | -0.01M | -0.00M | |||||||||
| Return Ratios | |||||||||||||||||||||||||||||
| Return on Sales [ROS]ROS | -0.02% | -0.02% | -0.02% | -0.01% | -0.01% | -0.01% | -0.01% | -0.01% | -0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||
| Return on Assets [ROA]ROA | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |