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Lemonade, Inc. LMND

NYSE · stock · Fire, Marine & Casualty Insurance · website · IPO 2020-07-02 · LEI

Lemonade, Inc. statistics & valuation

Market cap$4.5B
P / S6.1×
P / B8.5×
Net margin-22.4%
Return on equity-31.0%
FCF margin-3.5%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
-161.20% -129.60% -187.90% -116.00% -55.10% -38.40% -22.40% 2019202020212022202320242025
Gross margin (%)
2019202020212022202320242025
Operating margin (%)
2019202020212022202320242025
Return on equity (%)
-22.60% -24.40% -34.40% -33.40% -34.10% -31.00% 2019202020212022202320242025
Shares outstanding
11.3M 56.8M 61.7M 69.3M 70.2M 72.7M 75.9M 2019202020212022202320242025
Net debt ($)
2019202020212022202320242025
Share buybacks ($)
2019202020212022202320242025
Return on assets (%)
-26.20% -14.80% -16.00% -17.60% -14.50% -10.90% -8.60% 2019202020212022202320242025
Free cash flow margin (%)
-120.10% -101.80% -119.90% -67.40% -29.90% -4.00% -3.50% 2019202020212022202320242025
Debt / equity (×)
2019202020212022202320242025
EPS ($)
-$9.75 -$3.63 -$3.94 -$4.59 -$3.40 -$2.85 -$2.24 2019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Net margin-22.4%-38.4%-55.1%-116.0%-187.9%-129.6%-161.2%
FCF margin-3.5%-4.0%-29.9%-67.4%-119.9%-101.8%-120.1%
Return on assets-8.6%-10.9%-14.5%-17.6%-16.0%-14.8%-26.2%
Return on equity-31.0%-34.1%-33.4%-34.4%-24.4%-22.6%59.5%

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.