Lemonade, Inc.
Description
Lemonade, Inc. provides various insurance products through various channels in the United States, Europe, and the United Kingdom. Its insurance products include stolen or damaged property, and personal liability that protects its customers if they are responsible for an accident or damage to another person or their property. The company also offers renters, homeowners, car, pet, and life insurance products, as well as landlord insurance policies. In addition, it operates as an agent for other insurance companies. The company was formerly known as Lemonade Group, Inc. and changed its name to Lemonade, Inc. Lemonade, Inc. was incorporated in 2015 and is headquartered in New York, New York.
About
CEO
Mr. Daniel Asher Schreiber
Employees
1,258
Instrument type
Common Stock
Sector
Financial Services
Industry
Insurance - Property & Casualty
MIC code
XNYS
Address
5 Crosby Street, New York, NY 10013, United States
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Summary
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 29, 2025 | — | — | — | — |
| Jul 29, 2025 | — | — | — | — |
| Apr 29, 2025 | — | — | — | — |
| Feb 26, 2025 | -0.61 | — | — | — |
| Oct 31, 2024 | -1.03 | -0.95 | 0.08 | -7.77% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 5 | — | 9 |
| Average estimate | — | -0.70 | — | -2.63 |
| Low estimate | — | -0.87 | — | -2.83 |
| High estimate | — | -0.60 | — | -2.33 |
| Last year EPS | — | -0.67 | — | -3.04 |
[stock_revenue_estimate]
Growth estimates
Current qtr
7.760%
Next qtr. (Mar 2025)
3.220%
Current year
10.560%
Next year (Dec 2025)
9.750%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 429.80M | 256.70M | 128.40M | 94.40M | 67.30M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 231.20M | 260.60M | 214.20M | 126.70M | 110.00M |
| Other operating expenses | 88.80M | 79.60M | 51.80M | 19.40M | 9.80M |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | -229.80M | -294.80M | -233.60M | -120.80M | -107.90M |
| Tax provision | 7.10M | 3.00M | 7.70M | 1.50M | 600,000 |
| Net income | -236.90M | -297.80M | -241.30M | -122.30M | -108.50M |
| Basic EPS | -3.40 | -4.59 | -3.94 | -3.63 | -2.49 |
| Diluted EPS | -3.40 | -4.59 | -3.94 | -3.63 | -2.49 |
| Basic average shares | 69.66M | 64.92M | 61.22M | 33.65M | 43.61M |
| Diluted average shares | 69.66M | 64.92M | 61.22M | 33.65M | 43.61M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | -236.90M | -297.80M | -241.30M | -122.30M | -108.50M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 264.50M | 282.50M | 270.60M | 570.80M | 270.00M |
| Other short term investments | 673.20M | 750.10M | 801.80M | 6.60M | 60.60M |
| Accounts receivable | 360.40M | 336.40M | 216.80M | 135.10M | 74.40M |
| Other receivables | 19.40M | 21.00M | 14.50M | 5.40M | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | 208.30M | 178.50M | 160.20M | 98.80M | 1.90M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | — | — | — | — | — |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | — | — | — | — | — |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | — | — | — | — | — |
| Goodwill | 60.90M | 70.50M | 600,000 | 600,000 | 600,000 |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 22.90M | 32.50M | 600,000 | — | — |
| Investments and advances | 673.20M | 750.10M | 801.80M | 6.60M | 60.60M |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | 23.80M | 19.50M | 19.70M | 14.40M | 4.60M |
| Accrued expenses | 13.00M | 14.30M | 16.40M | 9.40M | 10.70M |
| Short term debt | — | — | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | 20.40M | 14.90M | 10.10M | 3.50M | 3.50M |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 43.10M | 35.20M | 22.30M | — | — |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | 300,000 | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | — | — | — | — | — |
| Retained earnings | -1.10B | -859.70M | -561.90M | -320.60M | -198.30M |
| Other shareholders equity | -9.00M | -27.60M | -3.40M | 1.80M | 100,000 |
| Total shareholders equity | 708.90M | 866.80M | 988.20M | 541.00M | -182.50M |
| Additional paid in capital | 1.81B | 1.75B | 1.55B | 859.80M | 15.70M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | -236.90M | -297.80M | -241.30M | -122.30M | -108.50M | -52.90M |
| Depreciation | — | — | — | — | — | — |
| Deferred Taxes | — | — | — | — | — | — |
| Stock-Based Compensation | 59.90M | 59.30M | 44.10M | 10.60M | 4.30M | 2.10M |
| Other Non-Cash Items | 8.10M | 8.70M | 6.20M | 14.40M | 900,000 | — |
| Accounts Receivable | -32.10M | -96.40M | -88.00M | -62.90M | -37.60M | -28.90M |
| Accounts Payable | 4.30M | -13.10M | 5.30M | 9.80M | -800,000 | 200,000 |
| Other Assets & Liabilities | 25.60M | 1.10M | 14.10M | 13.30M | 8.80M | 6.80M |
| Operating Cash Flow | -171.10M | -338.20M | -259.60M | -137.10M | -132.90M | -72.70M |
| Investing Activities | ||||||
| Capital Expenditures | -9.20M | -10.10M | -9.40M | -4.40M | -2.70M | -700,000 |
| Net Intangibles | — | — | — | — | -600,000 | — |
| Net Acquisitions | — | 98.80M | — | — | — | — |
| Purchase of Investments | -395.20M | -270.10M | -842.80M | -17.80M | -72.70M | -13.80M |
| Sale of Investments | 493.10M | 362.50M | 47.40M | 72.30M | 22.00M | 20.90M |
| Investing Cash Flow | 88.70M | 181.10M | -804.80M | 50.10M | -55.90M | 6.40M |
| Financing Activities | ||||||
| Long-Term Debt Issuance | 19.10M | — | — | — | — | — |
| Long-Term Debt Payments | -4.20M | — | — | — | — | — |
| Other Financing Charges | — | — | — | — | — | — |
| Financing Cash Flow | 14.90M | — | 640.30M | 339.30M | 299.40M | 119.80M |
| Other Cash Details | ||||||
| End Cash Position | 271.50M | 286.50M | 270.60M | 571.40M | 270.30M | 102.40M |
| Income Tax Paid | 700,000 | 3.40M | 3.20M | 1.60M | 500,000 | 200,000 |
| Interest Paid | 300,000 | — | — | — | — | — |
| Free Cash Flow | -128.30M | -173.10M | -154.00M | -96.10M | -81.40M | -41.50M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard U.S. Growth Fund | Nov 30, 2024 | 1,991,723 | 67.70M | 2.79% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 1,701,059 | 57.82M | 2.38% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 1,452,539 | 49.37M | 2.03% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 1,335,395 | 45.39M | 1.87% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 829,074 | 28.18M | 1.16% |
| Vanguard Small-Cap Growth Index Fund | Sep 30, 2024 | 734,581 | 24.97M | 1.03% |
| Fidelity Small Cap Index Fund | Oct 31, 2024 | 527,253 | 17.92M | 0.74% |
| iShares Russell 2000 Growth ETF | Nov 30, 2024 | 384,671 | 13.07M | 0.54% |
| Fidelity Extended Market Index Fund | Nov 30, 2024 | 300,504 | 10.21M | 0.42% |
| Schwab Strategic Tr-Schwab U.S. Small Cap ETF | Nov 30, 2024 | 265,102 | 9.01M | 0.37% |
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