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LMND

Lemonade, Inc.

LMND

NYSE·Financial Services·Insurance - Property & Casualty·Mkt cap $4.1B

$53.41

-3.03%

P/E

-28.56

Mkt Cap

$4.1B

52-Wk Range

$46.16–$99.90

52-Week Range

$46.16 - $99.90

P/E

-28.56

Fwd P/E

-28.87

Beta

1.86

Div Yield

0.00%

Avg Vol

1.5M

Shares Out

76.8M

Mkt Cap

$4.1B

Price action

Price chart

Up 6.3% over the trailing year

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

5 reasons

  • AI-powered claims processing and underwriting for faster, more accurate decisions
  • Direct-to-consumer digital platform reducing distribution costs and improving customer experience
  • Behavioral economics expertise enabling better risk assessment and pricing
  • Strong brand recognition among millennials and Gen Z consumers
  • Operational efficiency through technology automation versus traditional insurers

Bear Case

1 risk

  • Above-average volatility (beta 1.9).

Growth

Strong growth ahead

Expansion of insurance product portfolio across multiple categories

Value

Trading at 0.0x Property & Casualty Insurance peers — a discount despite the growth profile.

Momentum

Stable

+3.8% over 3m

Quality

Strong

High-growth business (55% revenue growth, 48% gross margin). Pre-profit but investing in growth.

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Nov 4, 2026

Q3 26 RECAP

JUL 29, 2026

Reported EPS of -$0.56 vs -$0.56 consensus (+0.8% surprise). Revenue of $294.4M vs $291.0M expected (+1.2%). Beat on both top and bottom lines.

EPS beat +0.8%
Rev beat +1.2%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Estimate

Actual

Q3 26

+0.8%

Revenue trend · last 8Q

+29%

+27%

+35%

+42%

+53%

+55%

+67%

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

Q2 26

$136.6M

$148.8M

$151.2M

$164.1M

$194.5M

$228.1M

$234.4M

$274.0M

Margins · last 8Q

Gross

43.8%

Operating

-15.3%

Profit

-15.8%

Wall Street consensus

5 analysts · 60% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

3

60%

Hold

2

40%

Sell

0%

Median Price Target

Latest: Piper Sandler · Jul 15, 2026

vs Industry

How LMND stacks vs Insurance - Property & Casualty

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.