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Lemonade LMND Debt-to-equity

Debt-to-equity at other companies

Progressive logo
ProgressivePGR
0.3×0.0×
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AllstateALL
0.2×-0.1×
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Berkshire HathawayBRK.B
0.0×
Assurant logo
AssurantAIZ
0.0×
Cincinnati Financial logo
Cincinnati FinancialCINF
0.1×0.0×
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The Travelers CompaniesTRV
0.3×0.0×

Other financials

Income statement

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Revenue$258.0M+70.6%
Net income-$35.8M+42.6%
EPS (diluted)-$0.47+45.3%

Balance sheet

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Cash & equivalents$386.5M+20.9%
Total debt$20.8M-4.6%
Total equity$518.0M-5.0%
Total assets$2.0B+5.5%

Cash flow

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Operating cash flow-$600.0K+98.7%
CapEx$3.5M+52.2%
Free cash flow-$4.1M+91.7%

Valuation

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Market cap$4.52B+109%
Enterprise value$4.15B+122%
P/S5.4×+1.5×

Profitability

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Net margin-16.4%-6.0pp
FCF margin-15.4%-6.4pp

Returns & leverage

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Return on equity-26.1%-5.5pp

Where this comes from

Calculated from Lemonade’s reported figures.

Based on the most recent quarter.

The official record: Lemonade’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lemonade's debt-to-equity?
Lemonade (LMND) reported debt-to-equity of 0× in Q1 2026.
How has Lemonade's debt-to-equity changed year-over-year?
Lemonade's debt-to-equity increased by 0.5% year-over-year, from 0× to 0×.
What is the long-term trend for Lemonade's debt-to-equity?
Over 4 years (2021 to 2025), Lemonade's debt-to-equity has grown at a 18.8% compound annual growth rate (CAGR), from 0× to 0×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.