Where do Lemonade's ratios come from?

Every ratio is computed from Lemonade's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Lemonade LMND Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Net margin	-16.4%+6.0pp	-22.4%+4.0pp	-26.4%+7.6pp	-34%+4.9pp	-38.9%-0.5pp
Returns
Return on equity	-26.1%+3.2pp	-29.4%+2.0pp	-31.3%+3.8pp	-35.1%+0.5pp	-35.6%-4.5pp
Return on assets	-7.3%+1.5pp	-8.8%+0.5pp	-9.3%+1.9pp	-11.2%+1.2pp	-12.4%-0.8pp
Efficiency
Asset turnover	0.4×+0.1×	0.4×0.0×	0.4×0.0×	0.3×0.0×	0.3×0.0×
Leverage
Debt-to-equity	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Debt-to-assets	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Per Share
Book value per share	$6.79-5.9%	$7.22+3.7%	$6.96-3.1%	$7.18-4.0%	$7.48-10.5%
Valuation
Market capitalization	$4.79B-10.0%	$5.32B+34.5%	$3.96B+20.1%	$3.29B+43.8%	$2.29B-12.6%
Enterprise value	$4.42B-10.6%	$4.95B+36.9%	$3.61B+23.5%	$2.93B+47.0%	$1.99B-11.8%
Price / sales	5.7×-1.5×	7.2×+1.2×	6×+0.5×	5.5×+1.4×	4.1×-0.9×
Price / book	9.2×-0.7×	10×+2.3×	7.7×+1.4×	6.2×+2.0×	4.2×-0.2×
EV / sales	5.2×-1.5×	6.7×+1.2×	5.5×+0.6×	4.9×+1.3×	3.6×-0.7×
Earnings yield	-2.9%+0.2pp	-3.1%+1.3pp	-4.4%+1.8pp	-6.2%+3.3pp	-9.5%-1.8pp

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Questions, answered.

Where do Lemonade's ratios come from?: Every ratio is computed from Lemonade's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.