Lemonade, Inc.
Income Statement
| Line Item | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $122.0M | $119.1M | $115.5M | $114.5M | $104.6M | $95.2M | $88.4M | $74.0M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | $21.2M | $20.9M | $21.1M | $21.8M | $24.1M | $21.8M | $23.5M | $21.4M |
| SG&A Expense | $29.8M | $29.8M | $29.0M | $36.9M | $30.7M | $32.7M | $31.2M | $40.5M |
| Operating Income | $-55.1M | $-45.2M | $-39.6M | $-59.6M | $-65.9M | $-64.7M | $-68.1M | $-89.1M |
| Operating Margin | -45.2% | -38.0% | -34.3% | -52.1% | -63.0% | -68.0% | -77.0% | -120.4% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-55.1M | $-45.2M | $-39.6M | $-59.6M | $-65.9M | $-64.7M | $-68.1M | $-89.1M |
| Income Tax Expense | $2.1M | $2.1M | $2.8M | $1.9M | $1.3M | $1.1M | $-4.4M | $2.3M |
| Net Income | $-57.2M | $-47.3M | $-42.4M | $-61.5M | $-67.2M | $-65.8M | $-63.7M | $-91.4M |
| Net Margin | -46.9% | -39.7% | -36.7% | -53.7% | -64.2% | -69.1% | -72.1% | -123.5% |
| EPS (Basic) | $-0.81 | $-0.67 | $-0.60 | $-0.88 | $-0.97 | $-0.95 | $-0.91 | $-1.37 |
| EPS (Diluted) | $-0.81 | $-0.67 | $-0.60 | $-0.88 | $-0.97 | $-0.95 | $-0.91 | $-1.37 |
| Shares Outstanding (Basic) | 70.7M | 70.3M | 69.7M | 69.8M | 69.5M | 69.3M | 64.9M | 66.9M |
| Shares Outstanding (Diluted) | 70.7M | 70.3M | 69.7M | 69.8M | 69.5M | 69.3M | 64.9M | 66.9M |
| Dividends Per Share | — | — | — | — | — | — | — | — |