Lemonade, Inc.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $294.4M | $258.0M | $228.1M | $194.5M | $164.1M | $151.2M | $148.8M | $136.6M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | $30.0M | $26.9M | $24.8M | $24.7M | $22.4M | $22.0M | $21.8M | $21.9M |
| SG&A Expense | $47.8M | $42.2M | $43.1M | $35.0M | $25.8M | $35.9M | $33.5M | $31.4M |
| Operating Income | $-41.8M | $-34.6M | $-20.6M | $-36.3M | $-42.6M | $-61.4M | $-37.8M | $-65.8M |
| Operating Margin | -14.2% | -13.4% | -9.0% | -18.7% | -26.0% | -40.6% | -25.4% | -48.2% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-41.8M | $-34.6M | $-20.6M | $-36.3M | $-42.6M | $-61.4M | $-37.8M | $-65.8M |
| Income Tax Expense | $1.6M | $1.2M | $1.1M | $1.2M | $1.3M | $1.0M | $-7.8M | $1.9M |
| Net Income | $-43.4M | $-35.8M | $-21.7M | $-37.5M | $-43.9M | $-62.4M | $-30.0M | $-67.7M |
| Net Margin | -14.7% | -13.9% | -9.5% | -19.3% | -26.8% | -41.3% | -20.2% | -49.6% |
| EPS (Basic) | $-0.56 | $-0.47 | $-0.27 | $-0.51 | $-0.60 | $-0.86 | $-0.42 | $-0.95 |
| EPS (Diluted) | $-0.56 | $-0.47 | $-0.27 | $-0.51 | $-0.60 | $-0.86 | $-0.42 | $-0.95 |
| Shares Outstanding (Basic) | 77.0M | 76.3M | 73.9M | 74.2M | 73.4M | 72.9M | 71.0M | 71.1M |
| Shares Outstanding (Diluted) | 77.0M | 76.3M | 73.9M | 74.2M | 73.4M | 72.9M | 71.0M | 71.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |