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Lemonade LMND Car — Fair value adjustment on insurance contract intangible liability

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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$4.1B+5.4%
Enterprise value$3.73B+5.9%
P/S4.9×-1.6×

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
Debt / equity0.0×

Where this comes from

Reported directly by Lemonade in its filing.

Tagged under the XBRL concept lmnd:ShortDurationInsuranceContractsFairValueAdjustmentOfInsuranceContractIntangibleLiability.

The source filing: Lemonade’s 10-K, filed February 25, 2026.

Filed
Feb 25, 2026, 4:21 PM EST
Fiscal year
FY2025
Accession
0001691421-26-000016

(2) Includes the fair value adjustment on insurance contract intangible liability of $0.2 million.

Item 8. Financial Statements and Supplementary Data

FAQ

What is Lemonade's car — fair value adjustment on insurance contract intangible liability?
Lemonade (LMND) reported car — fair value adjustment on insurance contract intangible liability of $200K in Q4 2025.
What does car — fair value adjustment on insurance contract intangible liability mean?
This represents the periodic adjustment to the fair value of intangible liabilities associated with acquired insurance contracts in the car insurance segment. It reflects changes in the valuation of the rights and obligations inherent in the acquired book of business. Investors monitor this to understand the non-cash impact of accounting adjustments on the segment's financial performance.

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