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Lemonade LMND Free cash flow margin

Free cash flow margin at other companies

Progressive logo
ProgressivePGR
18.4%-1.7pp
Allstate logo
AllstateALL
16.9%+3.2pp
Berkshire Hathaway logo
Berkshire HathawayBRK.B
6.4%
Assurant logo
AssurantAIZ
11%-0.7pp
Cincinnati Financial logo
Cincinnati FinancialCINF
26.6%+3.0pp
Globe Life logo
Globe LifeGL
20.2%-3.9pp

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

Returns & leverage

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Return on equity-26.1%-5.5pp
Debt / equity0.0×

Where this comes from

Calculated from Lemonade’s reported figures.

Based on trailing twelve months.

The official record: Lemonade’s 10-Q, filed August 5, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lemonade's free cash flow margin?
Lemonade (LMND) reported free cash flow margin of -15.4% in Q2 2024.
How has Lemonade's free cash flow margin changed year-over-year?
Lemonade's free cash flow margin increased by 70.7% year-over-year, from -52.5% to -15.4%.
What is the long-term trend for Lemonade's free cash flow margin?
Over 3 years (2020 to 2023), Lemonade's free cash flow margin has grown at a -33.6% compound annual growth rate (CAGR), from -101.8% to -29.9%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.