Financial Snapshot

Revenue
$493.2M
TTM
Gross Margin
Net Earnings
-$214.6M
TTM
Current Assets
Current Liabilities
$90.30M
Q3 2024
Current Ratio
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$593.0M
Q3 2024
Cash
Q3 2024
P/E
-10.55
Nov 14, 2024 EST
Free Cash Flow
-$49.90M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $429.8M $256.7M $128.4M $94.40M $67.30M $22.50M $2.400M
YoY Change 67.43% 99.92% 36.02% 40.27% 199.11% 837.5%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $429.8M $256.7M $128.4M $94.40M $67.30M $22.50M $2.400M
Cost Of Revenue $280.4M $167.3M $71.90M $54.70M $45.80M $15.20M
Gross Profit $149.4M $89.40M $56.50M $39.70M $21.50M $7.300M
Gross Profit Margin 34.76% 34.83% 44.0% 42.06% 31.95% 32.44%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017
Selling, General & Admin $231.2M $260.6M $214.2M $126.7M $110.0M $51.00M $24.60M
YoY Change -11.28% 21.66% 69.06% 15.18% 115.69% 107.32%
% of Gross Profit 154.75% 291.5% 379.12% 319.14% 511.63% 698.63%
Research & Development $88.80M $79.60M $51.80M $19.40M $9.800M $4.700M
YoY Change 11.56% 53.67% 167.01% 97.96% 108.51%
% of Gross Profit 59.44% 89.04% 91.68% 48.87% 45.58% 64.38%
Depreciation & Amortization $20.00M $12.20M $3.700M $1.700M $600.0K $100.0K $0.00
YoY Change 63.93% 229.73% 117.65% 183.33% 500.0%
% of Gross Profit 13.39% 13.65% 6.55% 4.28% 2.79% 1.37%
Operating Expenses $320.0M $340.2M $266.0M $146.1M $119.8M $55.70M $30.40M
YoY Change -5.94% 27.89% 82.07% 21.95% 115.08% 83.22%
Operating Profit -$170.6M -$250.8M -$209.5M -$106.4M -$98.30M -$48.40M
YoY Change -31.98% 19.71% 96.9% 8.24% 103.1%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017
Pretax Income -$229.8M -$294.8M -$233.6M -$120.8M -$107.9M -$52.60M -$28.00M
YoY Change -22.05% 26.2% 93.38% 11.96% 105.13% 87.86%
Income Tax $7.100M $3.000M $7.700M $1.500M $600.0K $300.0K $100.0K
% Of Pretax Income
Net Earnings -$236.9M -$297.8M -$241.3M -$122.3M -$108.5M -$52.90M -$28.10M
YoY Change -20.45% 23.41% 97.3% 12.72% 105.1% 88.26%
Net Earnings / Revenue -55.12% -116.01% -187.93% -129.56% -161.22% -235.11% -1170.83%
Basic Earnings Per Share -$3.40 -$4.59 -$3.94 -$3.63 -$9.75
Diluted Earnings Per Share -$3.40 -$4.59 -$3.94 -$3.63 -$9.75 -$1.205M -$640.1K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $264.5M $282.5M $270.6M $570.8M $270.0M $102.2M $16.80M
Short-Term Investments
Other Short-Term Assets $12.00M $14.00M $10.60M $7.500M $900.0K $700.0K $300.0K
YoY Change -14.29% 32.08% 41.33% 733.33% 28.57% 133.33%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $12.00M $14.00M $10.60M $7.500M $900.0K $700.0K $300.0K
YoY Change -14.29% 32.08% 41.33% 733.33% 28.57% 133.33%
Property, Plant & Equipment $34.80M $46.00M $33.60M $5.700M $3.100M $1.000M $300.0K
YoY Change -24.35% 36.9% 489.47% 83.87% 210.0% 233.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $673.2M $750.1M $801.8M $6.600M $60.60M $9.200M $16.30M
YoY Change -10.25% -6.45% 12048.48% -89.11% 558.7% -43.56%
Other Assets $7.000M $4.000M $0.00 $600.0K $300.0K $200.0K $100.0K
YoY Change 75.0% -100.0% 100.0% 50.0% 100.0%
Total Long-Term Assets $1.621B $1.677B $1.500B $821.2M $413.4M $153.1M $43.90M
YoY Change -3.3% 11.79% 82.65% 98.65% 170.02% 248.75%
Total Assets $1.633B $1.691B $1.511B $828.7M $414.3M $153.8M $44.20M
YoY Change
Accounts Payable $600.0K $1.100M $1.000M $1.400M $700.0K $1.500M $1.300M
YoY Change -45.45% 10.0% -28.57% 100.0% -53.33% 15.38%
Accrued Expenses $55.50M $68.50M $48.90M $16.50M $14.70M $7.400M $1.200M
YoY Change -18.98% 40.08% 196.36% 12.24% 98.65% 516.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $82.80M $83.50M $56.40M $20.10M $16.50M $9.000M $3.000M
YoY Change -0.84% 48.05% 180.6% 21.82% 83.33% 200.0%
Long-Term Debt $14.90M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.400M $2.100M $2.000M
YoY Change 61.9% 5.0%
Total Long-Term Liabilities $18.30M $2.100M $2.000M $0.00 $0.00 $0.00 $0.00
YoY Change 771.43% 5.0%
Total Liabilities $924.4M $823.9M $522.3M $287.7M $116.6M $52.10M $12.20M
YoY Change 12.2% 57.74% 81.54% 146.74% 123.8% 327.05%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017
Basic Shares Outstanding 69.66M shares 64.92M shares 61.22M shares 33.65M shares 11.12M shares
Diluted Shares Outstanding 69.66M shares 64.92M shares 61.22M shares 33.65M shares 11.12M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $2.2642 Billion

About Lemonade Inc

Lemonade, Inc. is a holding company, which engages in the provision of insurance services. The company is headquartered in New York City, New York and currently employs 1,258 full-time employees. The company went IPO on 2020-07-02. The firm's full stack insurance carriers, powered by artificial intelligence, in the United States and the European Union replace brokers and bureaucracy with bots and machine learning. The firm's digital substrate enables it to integrate marketing and onboarding with underwriting and claims processing, collecting and deploying data. Its technology includes Data Advantage, AI Maya, AI Jim, CX.AI, Forensic Graph, Blender and Cooper. AI Maya, its onboarding and customer experience bot, uses natural language to guide customers in joining the Company. AI Jim, its claims bot, takes the first notice of loss from its customer making a claim, paying the claimant or declining the claim without human intervention. The company offers pet insurance that covers diagnostics, procedures, medication, accidents or illness. Even its basic pet insurance offering covers blood tests, urinalysis, lab work, and computed tomography scans.

Industry: Fire, Marine & Casualty Insurance Peers: Employers Holdings Inc White Mountains Insurance Group Ltd Palomar Holdings Inc Kemper Corp Mercury General Corp ProAssurance Corp PROGRESSIVE CORP/OH/ Safety Insurance Group Inc Stewart Information Services Corp