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Lemonade, Inc. income statement

In fiscal 2025, Lemonade, Inc. reported revenue of $738m, up 40.2% on the year before and net income of −$166m, or −$2.24 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

Fiscal year2018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue236794128257430527738975
Research and development510195280898694106
Selling and marketing428980142138102166224265
General and administrative9224673122129125140168
Income before tax−53−108−121−234−295−230−204−161−133
Income tax012837−255
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
Diluted shares (average)33m33m34m61m65m70m71m74m76m

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Lemonade, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Lemonade, Inc.