LMND

Company Overview — What Does Lemonade, Inc. Do?

Lemonade, Inc. provides various insurance products in the United States and Europe. Its insurance products include stolen or damaged property, and personal liability that protects its customers if they are responsible for an accident or damage to another person or their property. The company also offers renters, homeowners, pet, car, and life insurance products, as well as landlord insurance policies. In addition, it operates as an agent for other insurance companies. The company was formerly known as Lemonade Group, Inc. and changed its name to Lemonade, Inc. Lemonade, Inc. was incorporated in 2015 and is headquartered in New York, New York. Lemonade, Inc. (LMND) is classified as a mid-cap stock in the Financials sector, specifically within the Insurance industry. The company is led by CEO Shai Wininger and employs approximately 1,370 people, headquartered in NEW YORK, New York. With a market capitalization of $4.7B, LMND is one of the notable companies in the Financials sector.

Lemonade, Inc. (LMND) Stock Rating — Reduce (April 2026)

As of April 2026, Lemonade, Inc. receives a Reduce rating with a composite score of 33.3/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.LMND ranks #3,020 out of 4,446 stocks in our coverage universe. Within the Financials sector, Lemonade, Inc. ranks #727 of 891 stocks, placing it in the lower half of its Financials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

LMND Stock Price and 52-Week Range

Lemonade, Inc. (LMND) currently trades at $54.25. The stock lost $1.38 (2.5%) in the most recent trading session. The 52-week high for LMND is $99.90, which means the stock is currently trading -45.7% from its annual peak. The 52-week low is $24.31, putting the stock 123.2% above its annual trough. Recent trading volume was 2.1M shares, reflecting moderate market activity.

Is LMND Overvalued or Undervalued? — Valuation Analysis

Lemonade, Inc. (LMND) carries a value factor score of 30/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 8.31x, versus the sector average of 1.22x. The price-to-sales ratio is 6.86x, compared to 0.90x for the average Financials stock.

At current multiples, Lemonade, Inc. trades at a premium to most Financials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

Lemonade, Inc. Profitability — ROE, Margins, and Quality Score

Lemonade, Inc. (LMND) earns a quality factor score of 25/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -39.6%, compared to the Financials sector average of 8.5%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -11.0% versus the sector average of 1.2%.

On a margin basis, Lemonade, Inc. reports gross margins of 0.0%. The operating margin is -33.4% (sector: 21.8%). Net profit margin stands at -34.2%, versus 17.7% for the average Financials stock. Revenue growth is running at 59.4% on a trailing basis, compared to 9.4% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

LMND Debt, Balance Sheet, and Financial Health

Lemonade, Inc. has a debt-to-equity ratio of 261.0%, compared to the Financials sector average of 121.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 1.38x, suggesting adequate working capital coverage. Total debt on the balance sheet is $139M. Cash and equivalents stand at $356M.

LMND has a beta of 2.15, meaning it is more volatile than the broader market — a $10,000 investment in LMND would be expected to move 115.1% more than the S&P 500 on any given day. The stability factor score for Lemonade, Inc. is 23/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

Lemonade, Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, Lemonade, Inc. reported revenue of $646M and earnings per share (EPS) of $-2.24. Net income for the quarter was $-212M. Gross margin was 0.0%. Operating income came in at $-206M.

In FY 2025, Lemonade, Inc. reported revenue of $738M and earnings per share (EPS) of $-2.24. Net income for the quarter was $-166M. Revenue grew 40.2% year-over-year compared to FY 2024. Operating income came in at $-161M.

In Q3 2025, Lemonade, Inc. reported revenue of $195M and earnings per share (EPS) of $-0.51. Net income for the quarter was $-38M. Revenue grew 42.4% year-over-year compared to Q3 2024. Operating income came in at $-36M.

In Q2 2025, Lemonade, Inc. reported revenue of $164M and earnings per share (EPS) of $-0.60. Net income for the quarter was $-44M. Revenue grew 34.5% year-over-year compared to Q2 2024. Operating income came in at $-43M.

Over the past 8 quarters, Lemonade, Inc. has demonstrated a growth trajectory, with revenue expanding from $122M to $646M. Investors analyzing LMND stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

LMND Dividend Yield and Income Analysis

Lemonade, Inc. (LMND) does not currently pay a dividend. This is common among smaller companies in the Insurance industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Financials dividend stocks may want to explore other Financials stocks or use the stock screener to filter by dividend yield.

LMND Momentum and Technical Analysis Profile

Lemonade, Inc. (LMND) has a momentum factor score of 53/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 22/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 38/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

LMND vs Competitors — Financials Sector Ranking and Peer Comparison

Within the Financials sector, Lemonade, Inc. (LMND) ranks #727 out of 891 stocks based on the Blank Capital composite score. This places LMND in the lower half of all Financials stocks in our coverage universe. Key competitors and sector peers include WHITE MOUNTAINS INSURANCE GROUP LTD (WTM) with a score of 62.9/100, OPPENHEIMER HOLDINGS INC (OPY) with a score of 62.6/100, Enact Holdings, Inc. (ACT) with a score of 61.6/100, International General Insurance Holdings Ltd. (IGIC) with a score of 61.3/100, and PARKE BANCORP, INC. (PKBK) with a score of 60.4/100.

Comparing LMND against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full LMND vs S&P 500 (SPY) comparison to assess how Lemonade, Inc. stacks up against the broader market across all factor dimensions.

LMND Next Earnings Date

No upcoming earnings date has been announced for Lemonade, Inc. (LMND) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy LMND? — Investment Thesis Summary

The quantitative profile for Lemonade, Inc. suggests caution. The quality score of 25/100 flags below-average profitability. The value score of 30/100 indicates premium valuation. High volatility (stability score 23/100) increases portfolio risk.

In summary, Lemonade, Inc. (LMND) earns a Reduce rating with a composite score of 33.3/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on LMND stock.

Related Resources for LMND Investors

Explore more research and tools: LMND vs S&P 500 comparison, top Financials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare LMND head-to-head with peers: LMND vs WTM, LMND vs OPY, LMND vs ACT.