LMND - Lemonade, Inc.
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$71.00
DETAILS
HIGH:
$92.00
LOW:
$44.00
MEDIAN:
$72.50
CONSENSUS:
$71.00
UPSIDE:
14.18%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||
| Revenue | 737.9 | 526.5 | 429.8 | 256.7 | 128.4 | 94.4 | 67.3 | 22.5 | 2.4 |
| Cost of Revenue | 440.7 | 353.8 | 339.6 | 228.3 | 105.5 | 74 | 55.4 | 19.4 | 0 |
| Gross Profit | 297.2 | 172.7 | 90.2 | 28.4 | 22.9 | 20.4 | 11.9 | 3.1 | 2.4 |
| Operating Expenses | |||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 364.2 | 290.8 | 231.2 | 260.6 | 214.2 | 126.7 | 110 | 51 | 28.7 |
| Other Expenses | 93.9 | 85.8 | 88.8 | 62.6 | 42.3 | 14.5 | 9.8 | 4.7 | 0 |
| Operating Expenses | 458.1 | 376.6 | 320 | 323.2 | 256.5 | 141.2 | 119.8 | 55.7 | 28.7 |
| Operating Income | |||||||||
| Operating Income | (160.9) | (203.9) | (229.8) | (294.8) | (233.6) | (120.8) | (107.9) | (52.6) | (26.3) |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 8.2 | 8.3 | 4.2 | 1.2 | 0.4 | 1 | 2.8 | 1 | 0 |
| Profitability | |||||||||
| EBITDA | (145.7) | (183.9) | (209.8) | (282.6) | (229.9) | (119.1) | (107.3) | (52.5) | 1.7 |
| EBIT | (160.9) | (203.9) | (229.8) | (294.8) | (233.6) | (120.8) | (107.9) | (52.6) | (26.3) |
| Income Before Tax | (160.9) | (203.9) | (229.8) | (294.8) | (233.6) | (120.8) | (107.9) | (52.6) | (28) |
| Income Tax Expense | 4.6 | (1.7) | 7.1 | 3 | 7.7 | 1.5 | 0.6 | 0.3 | 0.1 |
| Net Income | (165.5) | (202.2) | (236.9) | (297.8) | (241.3) | (122.3) | (108.5) | (52.9) | (28.1) |
| Per Share Data | |||||||||
| EPS (Basic) | -2.30 | -2.85 | -3.40 | -4.59 | -3.94 | -2.21 | -2.49 | -1.21 | -2.58 |
| EPS (Diluted) | -2.30 | -2.85 | -3.40 | -4.59 | -3.94 | -2.21 | -2.49 | -1.21 | -2.58 |
| Shares Outstanding | 71.8 | 71.0 | 69.7 | 64.9 | 61.2 | 55.3 | 43.6 | 43.6 | 10.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||
| Cash & Cash Equivalents | 385 | 376 | 264.5 | 282.5 | 270.6 | 570.8 | 270 | 102.2 | 16.9 |
| Short-Term Investments | 722.9 | 634.9 | 673.2 | 750.1 | 801.8 | 6.6 | 60.6 | 9.2 | 13.1 |
| Net Receivables | 567.9 | 479.2 | 383 | 362.4 | 231.3 | 140.5 | 74.7 | 37.7 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (135.5) | 0 |
| Other Current Assets | 11.8 | 9.7 | 7 | 4 | 0 | (816.7) | (407.2) | 0 | 35.9 |
| Total Current Assets | 1,843.3 | 1,762.3 | 1,536 | 1,577.5 | 1,463.9 | 0 | 0 | 149.1 | 35.9 |
| Non-Current Assets | |||||||||
| Property, Plant & Equipment | 35.6 | 31.3 | 34.8 | 46 | 33.6 | 5.7 | 3.1 | 1 | 0.3 |
| Goodwill | 19 | 19 | 19 | 19 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 20.2 | 25.8 | 31.7 | 39.4 | 6.8 | 0 | 0 | 0.6 | 0.1 |
| Long-Term Investments | 6.5 | 6.7 | 5.5 | 3.7 | 3.4 | 6.6 | 60.6 | 9.2 | 0 |
| Other Non-Current Assets | 1.1 | 4 | 6.3 | 5.1 | 2.8 | (12.9) | (64.3) | (10.2) | 4.2 |
| Total Non-Current Assets | 82.4 | 86.8 | 97.3 | 113.2 | 46.6 | 0 | 0 | 10.2 | 4.6 |
| Total Assets | 1,925.7 | 1,849.1 | 1,633.3 | 1,690.7 | 1,510.5 | 828.7 | 414.3 | 153.8 | 40.5 |
| Current Liabilities | |||||||||
| Account Payables | 26.9 | 31.1 | 24.6 | 19.5 | 19.7 | 14.4 | 4.6 | 3.8 | 2.1 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 580.8 | 458.1 | 357.1 | 290.1 | 209.7 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 510.8 | 583.3 | 432.5 | 432.2 | 237.5 | (29.4) | (19.4) | (5.3) | 0 |
| Total Current Liabilities | 1,210 | 1,148.5 | 881.3 | 788.7 | 500 | 0 | 0 | 3.8 | 2.5 |
| Non-Current Liabilities | |||||||||
| Long-Term Debt | 158.1 | 83.4 | 14.9 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | (38.2) | (65.6) | (41.4) | (39.7) | (36.5) | (22.4) | 0 | 26.3 | 6 |
| Total Non-Current Liabilities | 182.1 | 107.2 | 43.1 | 35.2 | 22.3 | 0 | 0 | 26.3 | 6 |
| Total Liabilities | 1,392.1 | 1,255.7 | 924.4 | 823.9 | 522.3 | 287.7 | 596.8 | 232.9 | 8.5 |
| Stockholders' Equity | |||||||||
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | (1,464.3) | (1,298.8) | (1,096.6) | (859.7) | (561.9) | (320.6) | (198.3) | (89.8) | (36.9) |
| Accumulated Other Comprehensive Income | 6.4 | (6.1) | (9) | (27.6) | (3.4) | 1.8 | 0.1 | 0 | 0 |
| Total Stockholders' Equity | 533.6 | 593.4 | 708.9 | 866.8 | 988.2 | 541 | (182.5) | (79.1) | 32 |
| Total Liabilities & Equity | 1,925.7 | 1,849.1 | 1,633.3 | 1,690.7 | 1,510.5 | 828.7 | 414.3 | 153.8 | 40.5 |
| Debt Metrics | |||||||||
| Total Debt | 182.1 | 107.2 | 43.1 | 35.2 | 22.3 | 0 | 0 | 0 | 0 |
| Net Debt | (202.9) | (268.8) | (221.4) | (247.3) | (248.3) | (570.8) | (270) | (102.2) | (16.9) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Net Income | (165.5) | (202.2) | (236.9) | (297.8) | (241.3) | (122.3) | (108.5) | (52.9) | (28.1) |
| Depreciation & Amortization | 15.2 | 20 | 20 | 12.2 | 3.7 | 1.7 | 0.6 | 0.1 | 0 |
| Stock-Based Compensation | 61.3 | 64.5 | 59.9 | 59.3 | 44.1 | 10.6 | 4.3 | 2.1 | 8.4 |
| Change in Working Capital | 58.5 | 101.1 | 28.7 | 47.9 | 46.9 | 4.2 | 25.1 | 9.7 | 0.6 |
| Other Non-Cash Items | 14 | 5.2 | 9.2 | 15.4 | 6.2 | 14.4 | 0.4 | 0.2 | 8.4 |
| Operating Cash Flow | (16.5) | (11.4) | (119.1) | (163) | (144.6) | (91.7) | (78.1) | (40.8) | (19.1) |
| Investing Activities | |||||||||
| Capital Expenditure | (9.4) | (9.4) | (9.2) | (10.1) | (9.4) | (4.4) | (3.3) | (0.7) | (0.3) |
| Acquisitions | 0 | 0 | 0 | 98.8 | 795.4 | (54.5) | 0 | 0 | 0 |
| Purchases of Investments | (504.4) | (363.8) | (395.2) | (270.1) | (842.8) | (17.8) | (72.7) | (13.8) | (28) |
| Sales/Maturities of Investments | 424.7 | 413.8 | 493.1 | 362.5 | 47.4 | 72.3 | 22 | 20.9 | 15.6 |
| Other Investing Activities | 0 | 0 | 0 | 0 | (795.4) | 54.5 | (0.6) | 7.1 | (12.4) |
| Investing Cash Flow | (89.1) | 40.6 | 88.7 | 181.1 | (804.8) | 50.1 | (54) | 6.4 | (12.7) |
| Financing Activities | |||||||||
| Net Debt Issuance | 74.7 | 68.4 | 14.9 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0 | 0.5 | 3.6 | 9.3 | 1.8 | 0.7 | 0.1 | 0.8 |
| Financing Cash Flow | 106.6 | 87.7 | 15.4 | 3.6 | 649.6 | 341.1 | 300.1 | 119.9 | 0.8 |
| Cash Position | |||||||||
| Net Change in Cash | 11.1 | 114.2 | (15) | 15.9 | (300.8) | 301.1 | 167.9 | 85.5 | (31) |
| Cash at Beginning | 385.7 | 271.5 | 286.5 | 270.6 | 571.4 | 270.3 | 102.4 | 16.9 | 47.9 |
| Cash at End | 396.8 | 385.7 | 271.5 | 286.5 | 270.6 | 571.4 | 270.3 | 102.4 | 16.9 |
| Free Cash Flow | (25.9) | (20.8) | (128.3) | (173.1) | (154) | (96.1) | (81.4) | (41.5) | (19.4) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 737.9 | 526.5 | 429.8 | 256.7 | 128.4 | 94.4 | 67.3 | 22.5 | 2.4 |
| Gross Profit | 297.2 | 172.7 | 90.2 | 28.4 | 22.9 | 20.4 | 11.9 | 3.1 | 2.4 |
| Operating Income | (160.9) | (203.9) | (229.8) | (294.8) | (233.6) | (120.8) | (107.9) | (52.6) | (26.3) |
| Net Income | (165.5) | (202.2) | (236.9) | (297.8) | (241.3) | (122.3) | (108.5) | (52.9) | (28.1) |
| EPS (Diluted) | -2.30 | -2.85 | -3.40 | -4.59 | -3.94 | -2.21 | -2.49 | -1.21 | -2.58 |
| Balance Sheet | |||||||||
| Cash & Equivalents | 385 | 376 | 264.5 | 282.5 | 270.6 | 570.8 | 270 | 102.2 | 16.9 |
| Total Assets | 1,925.7 | 1,849.1 | 1,633.3 | 1,690.7 | 1,510.5 | 828.7 | 414.3 | 153.8 | 40.5 |
| Total Debt | 182.1 | 107.2 | 43.1 | 35.2 | 22.3 | 0 | 0 | 0 | 0 |
| Stockholders' Equity | 533.6 | 593.4 | 708.9 | 866.8 | 988.2 | 541 | (182.5) | (79.1) | 32 |
| Cash Flow | |||||||||
| Operating Cash Flow | (16.5) | (11.4) | (119.1) | (163) | (144.6) | (91.7) | (78.1) | (40.8) | (19.1) |
| Capital Expenditure | (9.4) | (9.4) | (9.2) | (10.1) | (9.4) | (4.4) | (3.3) | (0.7) | (0.3) |
| Free Cash Flow | (25.9) | (20.8) | (128.3) | (173.1) | (154) | (96.1) | (81.4) | (41.5) | (19.4) |