Lemonade, Inc.
LMNDFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
527
Cost of Revenue
354
Gross Profit
173
Gross Margin
32.8%
Operating Income
-204
Operating Margin
-38.7%
Net Income
-202
Net Margin
-38.4%
EPS (Basic)
$-2.85
EPS (Diluted)
$-2.85
EBITDA
-184
EBITDA Margin
-34.9%
2023
12/31/2023
Revenue
430
Cost of Revenue
340
Gross Profit
90
Gross Margin
21.0%
Operating Income
-230
Operating Margin
-53.5%
Net Income
-237
Net Margin
-55.1%
EPS (Basic)
$-3.40
EPS (Diluted)
$-3.40
EBITDA
-210
EBITDA Margin
-48.8%
2022
12/31/2022
Revenue
257
Cost of Revenue
228
Gross Profit
28
Gross Margin
11.1%
Operating Income
-295
Operating Margin
-114.8%
Net Income
-298
Net Margin
-116.0%
EPS (Basic)
$-4.59
EPS (Diluted)
$-4.59
EBITDA
-283
EBITDA Margin
-110.1%
2021
12/31/2021
Revenue
128
Cost of Revenue
106
Gross Profit
23
Gross Margin
17.8%
Operating Income
-234
Operating Margin
-181.9%
Net Income
-241
Net Margin
-187.9%
EPS (Basic)
$-3.94
EPS (Diluted)
$-3.94
EBITDA
-230
EBITDA Margin
-179.0%
2020
12/31/2020
Revenue
94
Cost of Revenue
74
Gross Profit
20
Gross Margin
21.6%
Operating Income
-121
Operating Margin
-128.0%
Net Income
-122
Net Margin
-129.6%
EPS (Basic)
$-2.21
EPS (Diluted)
$-2.21
EBITDA
-119
EBITDA Margin
-126.2%