Stocks · Financial Services · Insurance - Property & Casualty
Lemonade, Inc. LMND
$46.49 -0.58% Close, Oct 2, 2026 · NYSE · Market cap $3.57B
Strong growthWeak trendExpensive vs sectorHigh risk
Next earnings report: Nov 4, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Operating margin widened to -14.3% from -34.6% a year earlier.
- Revenue over the last four quarters was $931.0M, up 55.0% from a year earlier, accelerating from 47.0% a quarter earlier.
- Earnings beat analyst estimates in each of the last 14 quarters (average surprise over the last four: +19.5%).
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 6%
- Revenue growth, 3-year CAGRTop 8%
- Revenue growth accelerationTop 12%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 3%
- Gross marginBottom 21%
- Operating marginBottom 7%
- Accruals (lower is better)Top 12%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 9%
- Free-cash-flow yieldBottom 26%
- EBITDA / enterprise valueBottom 7%
- Sales / enterprise valueBottom 40%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 30%
- 6-month returnBottom 4%
- 1-year return vs S&P 500Bottom 21%
- Distance from 52-week highBottom 5%
- Trend checklist (0–4)Bottom 9%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 14%
- Consecutive EPS beatsTop 2%
- Share of analysts rating BuyBottom 30%
- Upside to consensus price targetTop 11%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 6%
- Maximum drawdown, 3 yearsBottom 14%
- Beta vs S&P 500 (lower is better)Bottom 6%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 47.0% | 55.0% | ↑ |
| Gross margin | 39.9% | 47.9% | ↑ |
| Operating margin | -34.6% | -14.3% | ↑ |
| FCF margin | -3.6% | 0.9% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 55.0% | 47.0% | ↑ | Top 6% |
| Gross margin | 47.9% | 39.9% | ↑ | Bottom 21% |
| Operating margin | -14.3% | -34.6% | ↑ | Bottom 7% |
| Net margin | -14.9% | -34.0% | ↑ | — |
| Free-cash-flow margin | 0.9% | -3.6% | ↑ | — |
| Return on invested capital | 36.1% | — | Top 3% | |
| Revenue growth, 3-year CAGR | 42.2% | — | Top 8% |
Quality of earnings and balance sheet
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -7.9%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 8.7%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -61.5 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- Net cash
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- -0.71%
- Shareholder yield
- -0.71%
- Share count change, 1 year
- +4.8%
- Share count change, 3-year CAGR
- +3.5%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 4, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 14
- Beats in the last 8 reports
- 8 of 8
- Average EPS surprise, last 4
- +19.5%
- Average 2-day reaction, last 8
- +2.0%
- Positive 20 days after report
- 5 of 8
Analysts
- Consensus price target
- $69.00
- Target vs current price
- +48.4%
- Analysts with a rating
- 15
- Share rating Buy or Strong Buy
- 33%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 29, 2026 | +0.8% | -23.7% | -12.9% | -12.4% | — |
| Apr 29, 2026 | +19.0% | -14.9% | -13.1% | -13.9% | -8.6% |
| Feb 19, 2026 | +29.3% | -6.2% | -21.1% | -2.0% | -18.2% |
| Nov 5, 2025 | +29.2% | +34.2% | +34.9% | +25.5% | +37.4% |
| Aug 5, 2025 | +25.9% | +29.5% | +41.5% | +39.9% | +54.9% |
| May 6, 2025 | +8.5% | +1.0% | +6.6% | +17.0% | +25.6% |
| Feb 25, 2025 | +31.1% | -7.8% | +3.0% | +6.4% | -8.4% |
| Oct 30, 2024 | +6.9% | +3.8% | +38.6% | +176.3% | +83.8% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 29, 2026 | -$0.56 | -$0.56 | +0.8% | $294.4M |
| Apr 29, 2026 | -$0.47 | -$0.58 | +19.0% | $258.0M |
| Feb 19, 2026 | -$0.29 | -$0.41 | +29.3% | $228.1M |
| Nov 5, 2025 | -$0.51 | -$0.72 | +29.2% | $194.5M |
| Aug 5, 2025 | -$0.60 | -$0.81 | +25.9% | $164.1M |
| May 6, 2025 | -$0.86 | -$0.94 | +8.5% | $151.2M |
| Feb 25, 2025 | -$0.42 | -$0.61 | +31.1% | $148.8M |
| Oct 30, 2024 | -$0.95 | -$1.02 | +6.9% | $136.6M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| EV / Sales | 3.66× | — | — | Bottom 40% |
| Free-cash-flow yield | 0.23% | — | — | Bottom 26% |
| Earnings yield | -4.02% | — | — | Bottom 9% |
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -13.5%
- 200-day average slope (20 days)
- -4.2%
- Distance from 50-day average
- -8.6%
- Distance from 200-day average
- -24.7%
- RSI (14)
- 42.4
- Relative volume
- 0.72×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 72.5%
- Volatility vs own 5-year history
- 30th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.56
- Correlation with S&P 500
- 0.28
- Current drawdown from 1-year high
- -51.9%
- Maximum drawdown, 3 years
- -54.5%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jan 11, 2021 | Apr 27, 2023 | -94.2% | 577 days | Not yet recovered |
| Oct 14, 2020 | Oct 29, 2020 | -31.0% | 11 days | 18 days (Nov 24, 2020) |
| Dec 23, 2020 | Dec 28, 2020 | -19.9% | 2 days | 7 days (Jan 7, 2021) |
| Nov 27, 2020 | Dec 1, 2020 | -15.3% | 2 days | 2 days (Dec 3, 2020) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $3.57B
- EPS, diluted (TTM)
- -$1.87
- Revenue (TTM)
- $931.0M
- 52-week range
- $43.28 – $99.90
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $128.4M | $256.7M | $429.8M | $526.5M | $737.9M |
| Gross profit | $22.9M | $28.4M | $90.2M | $172.7M | $297.2M |
| Operating income | -$233.6M | -$294.8M | -$229.8M | -$203.9M | -$160.9M |
| Net income | -$241.3M | -$297.8M | -$236.9M | -$202.2M | -$165.5M |
| EPS (diluted) | -$3.94 | -$4.59 | -$3.40 | -$2.85 | -$2.30 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $136.6M | $148.8M | $151.2M | $164.1M | $194.5M | $228.1M | $234.4M | $274.0M |
| Net income | -$67.7M | -$30.0M | -$62.4M | -$43.9M | -$37.5M | -$21.7M | -$35.8M | -$43.4M |
| EPS (diluted) | -$0.95 | -$0.42 | -$0.86 | -$0.60 | -$0.51 | -$0.33 | -$0.47 | -$0.56 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | -$144.6M | -$163.0M | -$119.1M | -$11.4M | -$16.5M |
| Capital expenditure | -$9.4M | -$10.1M | -$9.2M | -$9.4M | -$9.4M |
| Free cash flow | -$154.0M | -$173.1M | -$128.3M | -$20.8M | -$25.9M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | $640.3M | $0 | $0 | $19.3M | $31.9M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $559.9M
- Total assets
- $2.01B
- Total liabilities
- $1.51B
- Total debt
- $206.4M
- Net debt
- -$161.2M
- Shareholders’ equity
- $499.5M
As of Jun 30, 2026 (filed Aug 4, 2026).
Short interest
- Shares sold short
- 10,850,111
- Days to cover
- 11.94
- Change vs previous report
- +6.6%
FINRA short interest, settlement date Sep 15, 2026.