Lemonade LMND Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Net margin | -16.4%+22.5pp | -22.4%+16.0pp | -26.4%+17.1pp | -34%+10.3pp | -38.9%+9.2pp | |
| Returns | ||||||
| Return on equity | -26.1%+9.4pp | -29.4%+1.7pp | -31.3%+1.2pp | -35.1%-5.5pp | -35.6%-6.4pp | |
| Return on assets | -7.3%+5.1pp | -8.8%+2.8pp | -9.3%+3.1pp | -11.2%+1.3pp | -12.4%+0.9pp | |
| Efficiency | ||||||
| Asset turnover | 0.4×+0.1× | 0.4×+0.1× | 0.4×+0.1× | 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 | $6.79-9.3% | $7.22-13.6% | $6.96-16.5% | $7.18-20.1% | $7.48-22.3% | |
| Valuation | ||||||
| Market capitalization | $4.79B+109% | $5.32B+103% | $3.96B+237% | $3.29B+182% | $2.29B+98.4% | |
| Enterprise value | $4.42B+122% | $4.95B+119% | $3.61B+322% | $2.93B+248% | $1.99B+123% | |
| Price / sales | 5.7×+1.6× | 7.2×+2.2× | 6×+3.6× | 5.5×+3.0× | 4.1×+1.6× | |
| Price / book | 9.2×+5.0× | 10×+5.6× | 7.7×+5.7× | 6.2×+4.4× | 4.2×+2.5× | |
| EV / sales | 5.2×+1.7× | 6.7×+2.4× | 5.5×+3.7× | 4.9×+3.1× | 3.6×+1.6× | |
| Earnings yield | -2.9%+6.6pp | -3.1%+4.6pp | -4.4%+13.9pp | -6.2%+11.7pp | -9.5%+9.4pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
