(LMND) Lemonade - Overview

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US52567D1072

Stock: Renters, Homeowners, Car, Pet, Life

Total Rating 48

Risk 36

Buy Signal 0.74

Insurance - Property & Casualty » Property & Casualty Insurance
Age: 5.6y

Market Cap: 6,821m
Avg Trading Vol: 160M USD

ATR: 6.56%
Peers RS (IBD): 98.15

EPS (Earnings per Share)

EPS CAGR: 27.65%
EPS Trend: 79.3%

Last SUE: 3.95
Qual. Beats: 4

Revenue

Rev. CAGR: 51.46%
Rev. Trend: 93.9%

Last SUE: 3.10
Qual. Beats: 5

Risk 5d forecast
Volatility	94.8%
Relative Tail Risk	-23.0%

Reward TTM
Sharpe Ratio	1.46
Alpha	130.48

Character TTM
Beta	2.121
Beta Downside	1.979

Drawdowns 3y
Max DD	56.10%
CAGR/Max DD	1.22

Description: LMND Lemonade January 12, 2026

Lemonade, Inc. (NYSE: LMND) is a digital-first insurer offering renters, homeowners, auto, pet, life, and landlord policies across the United States, Europe, and the United Kingdom. The platform also sells property-damage and personal-liability coverage and acts as an underwriting agent for third-party insurers.

Key recent metrics: 2023 total revenue reached $1.4 billion, up ~30 % YoY, driven by strong growth in its auto and renters segments; the combined ratio improved to 92 % in Q4 2023, reflecting better loss-ratio management and higher reinsurance recoveries; and the company’s AI-powered claims automation now processes ~70 % of claims in under five minutes, a competitive advantage in the P&C space. Macro-level, the sector is pressured by rising climate-related losses and a low-interest-rate environment that suppresses investment income, both of which Lemonade mitigates through its technology stack and a focus on short-duration policies.

For a deeper, data-driven look at Lemonade’s valuation and peer benchmarks, consider reviewing the analysis available on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 2.0

Net Income: -173.8m TTM > 0 and > 6% of Revenue
FCF/TA: -0.02 > 0.02 and ΔFCF/TA 1.02 > 1.0
NWC/Revenue: 69.59% < 20% (prev 127.0%; Δ -57.46% < -1%)
CFO/TA -0.01 > 3% & CFO -23.4m > Net Income -173.8m
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 2.57 > 1.5 & < 3
Outstanding Shares: last quarter (74.2m) vs 12m ago 4.30% < -2%
Gross Margin: 42.73% > 18% (prev 0.33%; Δ 4239 % > 0.5%)
Asset Turnover: 35.20% > 50% (prev 27.05%; Δ 8.15% > 0%)
Interest Coverage Ratio: error (cannot be calculated; needs correct EBITDA TTM and Interest Expense TTM)

Altman Z'' -2.60

A: 0.24 (Total Current Assets 750.8m - Total Current Liabilities 292.5m) / Total Assets 1.92b
B: -0.75 (Retained Earnings -1.44b / Total Assets 1.92b)
C: -0.10 (EBIT TTM -178.1m / Avg Total Assets 1.87b)
D: -1.02 (Book Value of Equity -1.44b / Total Liabilities 1.40b)
Altman-Z'' Score: -2.60 = D

Beneish M -3.41

DSRI: 0.61 (Receivables 395.3m/487.6m, Revenue 658.6m/493.2m)
GMI: 0.78 (GM 42.73% / 33.31%)
AQI: 0.96 (AQ_t 0.60 / AQ_t-1 0.63)
SGI: 1.34 (Revenue 658.6m / 493.2m)
TATA: -0.08 (NI -173.8m - CFO -23.4m) / TA 1.92b)
Beneish M-Score: -3.41 (Cap -4..+1) = AA

What is the price of LMND shares?

As of January 31, 2026, the stock is trading at USD 86.73 with a total of 2,209,045 shares traded.
Over the past week, the price has changed by -6.99%, over one month by +20.79%, over three months by +46.98% and over the past year by +157.05%.

Is LMND a buy, sell or hold?

Lemonade has received a consensus analysts rating of 2.44. Therefor, it is recommend to sell LMND.

StrongBuy: 0
Buy: 1
Hold: 4
Sell: 2
StrongSell: 2

What are the forecasts/targets for the LMND price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	67.1	-22.6%
Analysts Target Price	67.1	-22.6%
ValueRay Target Price	87.4	0.8%

LMND Fundamental Data Overview January 31, 2026

P/S = 10.3622
P/B = 13.3277
Revenue TTM = 658.6m USD
EBIT TTM = -178.1m USD
EBITDA TTM = -160.8m USD
Long Term Debt = 139.0m USD (from longTermDebt, last quarter)
Short Term Debt = 92.4m USD (from shortTermDebt, last fiscal year)
Debt = 107.2m USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -355.5m USD (from netDebt column, last quarter)
Enterprise Value = 6.57b USD (6.82b + Debt 107.2m - CCE 355.5m)
Interest Coverage Ratio = unknown (Ebit TTM -178.1m / Interest Expense TTM 0.0)
EV/FCF = -199.8x (Enterprise Value 6.57b / FCF TTM -32.9m)
FCF Yield = -0.50% (FCF TTM -32.9m / Enterprise Value 6.57b)
FCF Margin = -5.00% (FCF TTM -32.9m / Revenue TTM 658.6m)
Net Margin = -26.39% (Net Income TTM -173.8m / Revenue TTM 658.6m)
Gross Margin = 42.73% ((Revenue TTM 658.6m - Cost of Revenue TTM 377.2m) / Revenue TTM)
Gross Margin QoQ = 41.54% (prev 39.73%)
Tobins Q-Ratio = 3.43 (Enterprise Value 6.57b / Total Assets 1.92b)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 107.2m)
Taxrate = 21.0% (US default 21%)
NOPAT = -140.7m (EBIT -178.1m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 2.57 (Total Current Assets 750.8m / Total Current Liabilities 292.5m)
Debt / Equity = 0.21 (Debt 107.2m / totalStockholderEquity, last quarter 516.2m)
Debt / EBITDA = 2.21 (negative EBITDA) (Net Debt -355.5m / EBITDA -160.8m)
Debt / FCF = 10.81 (negative FCF - burning cash) (Net Debt -355.5m / FCF TTM -32.9m)
Total Stockholder Equity = 545.5m (last 4 quarters mean from totalStockholderEquity)
RoA = -9.29% (Net Income -173.8m / Total Assets 1.92b)
RoE = -31.86% (Net Income TTM -173.8m / Total Stockholder Equity 545.5m)
RoCE = -26.02% (EBIT -178.1m / Capital Employed (Equity 545.5m + L.T.Debt 139.0m))
RoIC = -21.40% (negative operating profit) (NOPAT -140.7m / Invested Capital 657.5m)
WACC = 13.52% (E(6.82b)/V(6.93b) * Re(13.73%) + D(107.2m)/V(6.93b) * Rd(0.0%) * (1-Tc(0.21)))
Discount Rate = 13.73% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 2.95%
Fair Price DCF = unknown (Cash Flow -32.9m)
EPS Correlation: 79.28 | EPS CAGR: 27.65% | SUE: 3.95 | # QB: 4
Revenue Correlation: 93.89 | Revenue CAGR: 51.46% | SUE: 3.10 | # QB: 5
EPS next Quarter (2026-03-31): EPS=-0.55 | Chg30d=-0.004 | Revisions Net=+2 | Analysts=11
EPS next Year (2026-12-31): EPS=-1.64 | Chg30d=+0.003 | Revisions Net=+2 | Growth EPS=+30.5% | Growth Revenue=+59.4%

Additional Sources for LMND Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle