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Lemonade, Inc. (LMND) stock

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NYSE: LMND NYSE Property & Casualty Insurance Next results ~November 5, 2026

D Fundamentals grade

Lemonade, Inc. is a US-listed company in the property & casualty insurance industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$8.3

Price-to-book vs peers

Base case. Range ~$6.9–$14. Book value per share times peers' typical (harmonic-mean) price-to-book.

Price vs value

No Buy/Hold/Sell rating is issued: only 1 valuation models apply; a rating needs 3.

Lemonade, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 6 selling2 purchases and 37 sales by directors and officers, last 12 monthsInsider trades
  • Funds178 adding, 141 cuttingOf 47 active managers that changed their stake, 22 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Lemonade files

Where Lemonade stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $975m, up 62.3% on a year earlier, faster than the 51.2% growth a quarter earlier. That growth ranks 1 of 44 among the property & casualty insurance companies we cover. The diluted share count is up 4.6% on a year earlier, which dilutes existing holders.

Source: 10-Q filed August 4, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Lemonade, Inc.'s trailing-twelve-month revenue grew 62.3% year on year, with a free-cash-flow margin of 0.8%. Where it stands out: revenue growth of 62.3% ranks 2 of 48 property & casualty insurance companies we cover. Where it lags: stock pay as % of revenue of 8.3% ranks 34 of 34 property & casualty insurance companies we cover.

Current signal Revenue growth accelerating: TTM revenue growth rose to 62.3% (+11.1pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 62.3% over the last 12 months, against a median of 8.3% for property & casualty insurance companies we cover.
  • Growth speeding up. The growth rate is 11.1 points higher than a quarter earlier.
  • Net cash. Cash exceeds long-term debt by $0.4bn.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • Share dilution. Diluted shares rose 4.6% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 78% and a beta of 2.6 against the S&P 500.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 8.3% ranks 34 of 34 property & casualty insurance companies we cover (median 0.7%).
  • Below peers: net margin. Net margin of -14.2% ranks 44 of 48 property & casualty insurance companies we cover (median 10.8%).
  • Heavily shorted. 16.4% of the shares available to trade are sold short (9.7 days of average volume to cover).

Latest results: FY2026 Q2

Filed August 4, 2026
Earnings per share
-$0.56 against an average estimate of -$0.56: beat by 0.5%
Revenue
$294m, up 79.4% on a year earlier
Share reaction
-21.8% in the first session after the results on July 29, 2026, against +0.1% for the S&P 500
Guidance given
in force premium (IFP) $1,537m to $1,540m (Q3 2026); in force premium (IFP) $1,632m to $1,639m (Full Year 2026)
Next report
November 5, 2026

Lemonade's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.1%
  • 1 week-10.2%
  • 1 month-11.3%
  • This year-42.1%
  • 1 year-33.0%
  • 5 years-42.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$975M
Net margin
-14.2%
EPS (TTM, diluted)
$-1.83

Growth

Revenue growth
+62.3%
Change in growth rate
+11.1 pts
Share count change
+4.6%

Earnings

Last results
July 29, 2026
Next results (est.)
November 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Results
  3. Guidance
  4. Insider trade

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Lemonade, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 1 valuation models apply; a rating needs 3.

Valuation models

We value Lemonade, Inc. as an insurer, with every model that fits that kind of business. Cost of equity 9%: the 10-year Treasury yield (4.9%) plus a beta of 0.91 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-book vs return on equity (peers) The price-to-book that peers with this return on equity trade on, from a line fitted across peers. ~$0.0 Left out: out of range vs price (0.00x)
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. ~$8.3 ~$6.9–$14 Included
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. — Does not apply: pays no regular dividend
Combined value Weighted average of the models that apply: the primary model (residual income) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$8.3 ~$6.9–$14 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Lemonade, Inc. with property, casualty and specialty insurers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, before the open. Analysts expect revenue of $322m for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$1.85 +17% $1.2bn +65%
Next −$1.10 +41% $1.6bn +35%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +7.0% on 90 days ago. In the last 30 days, 1 analyst raised Lemonade, Inc.'s forecast and 1 cut it.

Consensus EPS forecast Lemonade, Inc., last 90 days
−$2.00 −$1.50 −$1.00 −$0.50 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$1.73 Current fiscal year, 60 days ago: −$1.86 Current fiscal year, 30 days ago: −$1.86 Current fiscal year, 7 days ago: −$1.85 Current fiscal year, Now: −$1.85 −$1.85 Next fiscal year, 90 days ago: −$0.82 Next fiscal year, 60 days ago: −$1.10 Next fiscal year, 30 days ago: −$1.10 Next fiscal year, 7 days ago: −$1.10 Next fiscal year, Now: −$1.10 −$1.10

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$1.73−$0.82
60 days ago −$1.86−$1.10
30 days ago −$1.86−$1.10
7 days ago −$1.85−$1.10
Now −$1.85−$1.10

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.56 −$0.56 +0.5%
Mar 2026 −$0.57 −$0.47 +17.0%
Dec 2025 −$0.39 −$0.29 +26.1%
Sept 2025 −$0.70 −$0.51 +27.6%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, July 29, 2026
  • Revenue Full Year 2026 $1,214m to $1,220m
    “Revenue $323-$326 $1,214-$1,220” source
  • Revenue Q3 2026 $323m to $326m
    “Revenue $323-$326 $1,214-$1,220” source
  • In force premium (IFP) Full Year 2026 $1,632m to $1,639m
    “In force premium (IFP) $1,537-$1,540 $1,632-$1,639” source
  • Gross earned premium (GEP) Full Year 2026 $1,374m to $1,378m
    “Gross earned premium (GEP) $356-$359 $1,374-$1,378” source
  • Adjusted EBITDA loss Full Year 2026 $-51m to $-47m Non-GAAP
    “Adjusted EBITDA loss1 ($23)-($20) ($51)-($47)” source
  • Stock-based compensation expense Full Year 2026 about $95m
    “Stock-based compensation expense $24 $95” source
Show 7 more items
  • Weighted avg. common shares Full Year 2026 about 78m
    “Weighted avg. common shares 77 78” source
  • In force premium (IFP) Q3 2026 $1,537m to $1,540m
    “In force premium (IFP) $1,537-$1,540 $1,632-$1,639” source
  • Gross earned premium (GEP) Q3 2026 $356m to $359m
    “Gross earned premium (GEP) $356-$359 $1,374-$1,378” source
  • Adjusted EBITDA loss Q3 2026 $-23m to $-20m Non-GAAP
    “Adjusted EBITDA loss1 ($23)-($20) ($51)-($47)” source
  • Stock-based compensation expense Q3 2026 about $24m
    “Stock-based compensation expense $24 $95” source
  • Weighted avg. common shares Q3 2026 about 77m
    “Weighted avg. common shares 77 78” source
  • Adjusted EBITDA fourth quarter of this year about $8m Non-GAAP
    “We continue to expect positive Adj. EBITDA in the fourth quarter of this year, with our third quarter and full year guidance implying fourth quarter Adj. EBITDA of approximately $8 million.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

11 analysts, Oct 2026
Buy327%
Hold655%
Sell218%

Monthly trend

  1. Oct 2026126211
  2. Sep 2026126211
  3. Aug 2026126211

Counts of recommendations published by analysts covering Lemonade, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
16.4%
of tradable shares
Days to cover
9.72
at average volume
Short interest, 1 month
+7%
to October 15, 2026
Held by institutions
61%
of shares
Held by insiders
8.6%
of shares
Employees
1,282
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −31.4%

$60.08 on October 31, 2025 to $41.19

ThenNowEffect
Revenue (last 12 months) $601m $975m +62.3%
P/S multiple 7.2x 3.2x −55.8%
Share count 72m 76m −4.4%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years +137.8%

$17.32 on November 3, 2023 to $41.19

ThenNowEffect
Revenue (last 12 months) $362m $975m +169.2%
P/S multiple 3.3x 3.2x −2.8%
Share count 69m 76m −9.1%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
LMND−66%−68%+18%+127%+94%−42%
Industry peers (median)+15%+1%+9%+30%+7%+10%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
LMND25%42%42%58%58%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
LMND−78%−70%−56%−36%−35%−57%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since July 2, 2020: 94% from January 11, 2021 to April 27, 2023. Getting back needed a 1634% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$41.19 – $96.57
From 52-week high
−57.3%
vs 50-day average
−13.5%
vs 200-day average
−29.2%
Volatility (1 year)
78%
Beta vs S&P 500
2.57

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±20.9%
After a week
6 up, 6 down
typical move ±25.7%
After a month
5 up, 7 down
typical move ±35.2%
Results releasedNext dayS&P 500 next day5 days21 days
July 29, 2026 −21.8% +0.1% −16.2% −13.2%
April 29, 2026 −13.9% +1.0% −19.4% −11.8%
February 19, 2026 −12.8% +0.5% −16.1% −2.4%
November 5, 2025 +28.1% −0.7% +31.3% +34.6%
August 5, 2025 +38.0% +0.3% +47.5% +37.0%
May 6, 2025 +1.8% −0.4% +8.7% +19.2%
February 25, 2025 −9.3% −0.4% +7.5% −1.2%
October 30, 2024 +31.5% −2.3% +62.1% +186.7%
July 30, 2024 −21.4% +1.1% −32.3% −23.0%
April 30, 2024 −3.1% −1.9% −2.3% −7.5%
February 27, 2024 −21.6% +0.1% −18.4% −18.7%
November 1, 2023 +47.8% +3.0% +46.3% +67.3%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Lemonade, Inc. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Lemonade, Inc.
$400M $600M $800M $1B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $402.7M Revenue (TTM), FY23 Q4: $429.8M Revenue (TTM), FY24 Q1: $453.7M Revenue (TTM), FY24 Q2: $471.1M Revenue (TTM), FY24 Q3: $493.2M Revenue (TTM), FY24 Q4: $526.5M Revenue (TTM), FY25 Q1: $558.6M Revenue (TTM), FY25 Q2: $600.7M Revenue (TTM), FY25 Q3: $658.6M Revenue (TTM), FY25 Q4: $737.9M Revenue (TTM), FY26 Q1: $844.7M Revenue (TTM), FY26 Q2: $975M $975M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $402.7M
FY23 Q4 $429.8M
FY24 Q1 $453.7M
FY24 Q2 $471.1M
FY24 Q3 $493.2M
FY24 Q4 $526.5M
FY25 Q1 $558.6M
FY25 Q2 $600.7M
FY25 Q3 $658.6M
FY25 Q4 $737.9M
FY26 Q1 $844.7M
FY26 Q2 $975M
Revenue growth, TTM YoY Lemonade, Inc.
0% 50% 100% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 92.4% Revenue growth, TTM YoY, FY23 Q4: 67.4% Revenue growth, TTM YoY, FY24 Q1: 47.5% Revenue growth, TTM YoY, FY24 Q2: 30.1% Revenue growth, TTM YoY, FY24 Q3: 22.5% Revenue growth, TTM YoY, FY24 Q4: 22.5% Revenue growth, TTM YoY, FY25 Q1: 23.1% Revenue growth, TTM YoY, FY25 Q2: 27.5% Revenue growth, TTM YoY, FY25 Q3: 33.5% Revenue growth, TTM YoY, FY25 Q4: 40.2% Revenue growth, TTM YoY, FY26 Q1: 51.2% Revenue growth, TTM YoY, FY26 Q2: 62.3% 62.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 92.4%
FY23 Q4 67.4%
FY24 Q1 47.5%
FY24 Q2 30.1%
FY24 Q3 22.5%
FY24 Q4 22.5%
FY25 Q1 23.1%
FY25 Q2 27.5%
FY25 Q3 33.5%
FY25 Q4 40.2%
FY26 Q1 51.2%
FY26 Q2 62.3%
FCF margin (TTM) Lemonade, Inc.
-40% -30% -20% -10% 0% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -35.0% FCF margin (TTM), FY23 Q4: -29.9% FCF margin (TTM), FY24 Q1: -24.6% FCF margin (TTM), FY24 Q2: -15.4% FCF margin (TTM), FY24 Q3: -10.1% FCF margin (TTM), FY24 Q4: -4.0% FCF margin (TTM), FY25 Q1: -6.8% FCF margin (TTM), FY25 Q2: -3.6% FCF margin (TTM), FY25 Q3: -5.0% FCF margin (TTM), FY25 Q4: -3.5% FCF margin (TTM), FY26 Q1: 2.3% FCF margin (TTM), FY26 Q2: 0.8% 0.8%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -35.0%
FY23 Q4 -29.9%
FY24 Q1 -24.6%
FY24 Q2 -15.4%
FY24 Q3 -10.1%
FY24 Q4 -4.0%
FY25 Q1 -6.8%
FY25 Q2 -3.6%
FY25 Q3 -5.0%
FY25 Q4 -3.5%
FY26 Q1 2.3%
FY26 Q2 0.8%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 23 67 94 128 257 430 527 738 975
Net income −53 −109 −122 −241 −298 −237 −202 −166 −138
Diluted EPS −$1.61 −$3.25 −$3.63 −$3.94 −$4.59 −$3.40 −$2.85 −$2.24 −$1.83
Growth (year on year)
Revenue — +199.1% +40.3% +36.0% +99.9% +67.4% +22.5% +40.2% +62.3%
Margins
Net margin −235.1% −161.2% −129.6% −187.9% −116.0% −55.1% −38.4% −22.4% −14.2%
Free-cash-flow margin −184.4% −120.1% −101.8% −119.9% −67.4% −29.9% −4.0% −3.5% 0.8%
Cash flow
Cash from operations −41 −78 −92 −145 −163 −119 −11 −17 21
Capital spending 1 3 4 9 10 9 9 9 13
Free cash flow −42 −81 −96 −154 −173 −128 −21 −26 8
Stock-based pay 2 4 11 44 59 60 65 61 81
Free cash flow after stock pay −44 −85 −107 −198 −232 −188 −85 −87 −73
Balance sheet
Cash 102 270 571 271 283 265 376 385 368
Total debt 0 0 0 0 0 0 0 0 0
Net debt (negative = net cash) −102 −270 −571 −271 −283 −265 −376 −385 −368
Diluted shares 33m 33m 34m 61m 65m 70m 71m 74m 76m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

Diluted share count
+4.6%
year over year
R&D spending
10.9%
of revenue

Competitors: side by side with peers

Closest by revenue in property & casualty insurance
Last 12 months unless stated LMND DGICA AGO PLMR EIG SAFT Median
Revenue, last 12 months $975m $963m $940m $1.1bn $788m $1.3bn $1.7bn
Revenue growth, last 12 months 62.3% −3.1% −10.6% 60.0% −13.0% 7.2% 8.0%
Revenue growth, 3-year average 39.1% 2.7% −1.2% 46.2% −2.4% 14.3% 9.5%
Revenue growth, latest quarter 79.4% −2.4% −30.6% 54.7% −20.9% 3.0% 4.2%
Net margin −14.2% 7.4% 37.3% 18.6% 3.5% 5.3% 10.5%
Cash from operations / revenue 2.2% 6.1% 34.5% 38.0% −2.4% 14.0% 18.2%
Free-cash-flow margin 0.8% 5.8% — 38.0% −2.4% 13.7% 17.6%
Free-cash-flow margin, 3-year average −6.0% 5.8% — 44.8% 4.7% 11.1% 16.5%
Stock pay / revenue 8.3% 0.1% — 2.5% 0.7% 0.4% 0.6%
Change in share count 4.6% — −10.0% 0.4% −19.7% −0.8% −0.7%

Median of all 48 companies we cover in property & casualty insurance. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

48 property & casualty insurance companies
Measure Company Peer median Rank
Revenue growth Growth 62.3% 8.3% 2 of 48
Change in growth rate Growth +11.1pp -0.7pp 2 of 48
Net margin Profitability -14.2% 10.8% 44 of 48
Stock pay as % of revenue Cash generation 8.3% 0.7% 34 of 34
Change in share count Balance sheet 4.6% -0.7% 41 of 47

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$2.9B
Institutions reporting
335
Shares held vs prior quarter
▲ 3.8%
Positions opened / closed
48 / 58

Top buyers and sellers, Q2 2026: 178 institutions bought and 141 sold ; the biggest buyer was Goldman Sachs Group Inc (+1.2M shares) and the biggest seller Squarepoint Ops LLC (−666K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $393M 6.0M 13.5% ▲ 21.7%
Jpmorgan Chase & Co $336M 5.4M 11.5% ▲ 2.5%
Vanguard Portfolio Management LLC $204M 3.1M 7.0% ▲ 5.3%
Vanguard Capital Management LLC $200M 3.1M 6.8% ▲ 1.8%
Baillie Gifford & Co $179M 2.8M 6.1% ▼ 0.6%
Goldman Sachs Group Inc $126M 1.9M 4.3% ▲ 166.7%
State Street Corp $115M 1.8M 3.9% ▲ 13.8%
Geode Capital Management, LLC $113M 1.7M 3.9% ▲ 0.9%
Morgan Stanley $78.9M 1.2M 2.7% ▲ 4.1%
Two Sigma Investments, LP $76.4M 1.2M 2.6% ▲ 23.8%
Halter Ferguson Financial Inc. $65.4M 1.0M 2.2% ▲ 84.1%
Northern Trust Corp $45.7M 702K 1.6% ▲ 15.3%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Lemonade, Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $485,478 2 trades by 1 insider, last 12 months Insider sales History → $37.7M 37 trades by 6 insiders · 89% under pre-set plans
Net ▼ $37.2M net selling
Insider Date Trade Shares Price Value
Peters John Sheldon Chief Insurance Officer September 4, 2026 Sell pre-set plan 2,249 $54.45 $122,458
Peters John Sheldon Chief Insurance Officer September 3, 2026 Sell pre-set plan 859 $54.63 $46,927
Bixby Timothy E Chief Financial Officer September 3, 2026 Sell 1,893 $54.63 $103,415
Prosor Maya Chief Business Officer September 3, 2026 Sell 1,040 $54.63 $56,815
Peters John Sheldon Chief Insurance Officer August 13, 2026 Sell 11,000 $52.55 $578,050
Bixby Timothy E Chief Financial Officer July 7, 2026 Sell pre-set plan 73,000 $79.18 $5.8M
Peters John Sheldon Chief Insurance Officer July 6, 2026 Sell pre-set plan 3,444 $79.00 $272,076
Peters John Sheldon Chief Insurance Officer June 4, 2026 Sell pre-set plan 3,608 $52.94 $191,008
Prosor Maya Chief Business Officer June 3, 2026 Sell 1,220 $53.17 $64,867
Peters John Sheldon Chief Insurance Officer June 3, 2026 Sell pre-set plan 1,735 $53.17 $92,250
Bixby Timothy E Chief Financial Officer June 3, 2026 Sell 2,227 $53.17 $118,410
Angelidis-Smith Maria Director March 10, 2026 Buy 5,390 $55.70 $300,223

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 7 trades and filings

No trades in Lemonade, Inc. disclosed in the last 12 months; 7 earlier trades on record.

  • Marie Newman(D-IL 3):Purchase, $15,001 - $50,000, traded July 15, 2021, filed August 5, 2021
  • Marie Newman(D-IL 3):Sale (full), $1,001 - $15,000, traded April 1, 2021, filed May 9, 2021
  • Marie Newman(D-IL 3):Purchase, $1,001 - $15,000, traded March 15, 2021, filed April 15, 2021

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • July 29, 2026
  • April 29, 2026
  • February 19, 2026
  • November 5, 2025
  • August 5, 2025
  • May 6, 2025

Recent SEC filings

Data status

When each part of this page on Lemonade, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Lemonade, Inc. in brief

What does Lemonade, Inc. do?
Lemonade, Inc. is a US-listed company in the property & casualty insurance industry. Its financial year ends in December.
What is Lemonade, Inc.'s stock ticker?
Lemonade, Inc. trades under the ticker LMND on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Lemonade, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Lemonade, Inc. reported revenue of $975M, 62.3% higher than a year earlier, according to its SEC filings.
What is Lemonade, Inc.'s free cash flow?
Lemonade, Inc.'s free-cash-flow margin is 0.8% of revenue over the trailing twelve months.
Who are Lemonade, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Jpmorgan Chase & Co and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Lemonade, Inc.'s market cap?
On November 2, 2026, Lemonade, Inc.'s market capitalisation was about $3.1B and net debt of -$368M. Market figures come from third-party market data and may be delayed.
Who are Lemonade, Inc.'s competitors?
In our Property & Casualty Insurance peer group, the companies closest to Lemonade, Inc. are Donegal Group Inc, Assured Guaranty LTD, Palomar Holdings, Inc., Employers Holdings, Inc. and Safety Insurance Group Inc. The side-by-side comparison below sets their revenue, margins and growth against Lemonade, Inc.'s.
Are insiders buying or selling Lemonade, Inc. stock?
Over the last 12 months, Lemonade, Inc.'s directors and officers reported 2 open-market purchases and 37 sales on Form 4. The insider trading page charts every trade.
When is Lemonade, Inc.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Lemonade, Inc. announces its own schedule.