What is Lemonade's net margin?

Lemonade (LMND) reported net margin of -16.4% in Q1 2026.

How has Lemonade's net margin changed year-over-year?

Lemonade's net margin increased by 57.7% year-over-year, from -38.9% to -16.4%.

What is the long-term trend for Lemonade's net margin?

Over 5 years (2020 to 2025), Lemonade's net margin has grown at a -29.6% compound annual growth rate (CAGR), from -129.6% to -22.4%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Lemonade LMND Net margin

Net margin at other companies

ProgressivePGR

12.9%+1.8pp

AllstateALL

17.8%+11.6pp

Berkshire HathawayBRK.B

19.3%-2.5pp

AssurantAIZ

7.6%+2.0pp

Cincinnati FinancialCINF

21.3%+8.1pp

The Travelers CompaniesTRV

15.5%+6.5pp

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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FCF margin-15.4%-6.4pp

Returns & leverage

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Return on equity-26.1%-5.5pp

Debt / equity0×0.0×

Where this comes from

Calculated from Lemonade’s reported figures.

net income/total revenue=-16.4%

Based on trailing twelve months.

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 net margin?: Lemonade (LMND) reported net margin of -16.4% in Q1 2026.
How has Lemonade's net margin changed year-over-year?: Lemonade's net margin increased by 57.7% year-over-year, from -38.9% to -16.4%.
What is the long-term trend for Lemonade's net margin?: Over 5 years (2020 to 2025), Lemonade's net margin has grown at a -29.6% compound annual growth rate (CAGR), from -129.6% to -22.4%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.