Lemonade, Inc. (LMND) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -600K | 20.7M | 4.5M | 5.5M | -47.2M | 13.8M | 16.3M | -11.7M | -29.8M | -16.1M | -6.3M | -50.3M | -46.4M | -28.6M | -54.7M | -40.2M | -39.5M | -49.9M | -38.2M | -16.2M |
| Operating CF Growth % | 98.73% | 50% | -72.39% | 147.01% | -58.39% | 185.71% | 358.73% | 76.74% | 35.78% | 43.71% | 88.48% | -25.12% | -17.47% | 42.69% | -43.19% | -148.15% | 1.99% | -141.06% | -7% | -1.89% |
| Operating CF / Revenue % | -0.26% | 9.07% | 2.31% | 3.35% | -31.22% | 9.27% | 11.93% | -9.59% | -25.02% | -13.94% | -5.5% | -48.09% | -48.74% | -32.35% | -73.92% | -80.4% | -89.16% | -121.71% | -107% | -57.45% |
| Net Income | -35.8M | -21.7M | -37.5M | -43.9M | -62.4M | -30M | -67.7M | -57.2M | -47.3M | -42.4M | -61.5M | -67.2M | -65.8M | -63.7M | -91.4M | -67.9M | -74.8M | -70.3M | -66.4M | -55.6M |
| Depreciation & Amortization | 2.7M | 11.5M | 3.4M | 4.7M | 4.5M | 4.7M | 5.1M | 5.2M | 5M | 4.8M | 5M | 5.1M | 5.1M | 5.4M | 3.7M | 1.6M | 1.5M | 1.2M | 800K | 800K |
| Stock-Based Compensation | 0 | 18.5M | 17.1M | 15.4M | 10.3M | 17.3M | 16.9M | 15.4M | 14.9M | 14.3M | 15.4M | 14.8M | 15.4M | 15.7M | 15.6M | 13.9M | 14.1M | 13.4M | 12.7M | 11.9M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 25.8M | -2.3M | 1.5M | 2.9M | 3M | 1.5M | 70.1M | 900K | 1.9M | 800K | 4.5M | 1.4M | 2.5M | 3.1M | 4.1M | 3.7M | 4.5M | -300K | 0 | 1.4M |
| Working Capital Changes | 6.7M | 14.7M | 20M | 26.4M | -2.6M | 20.3M | -8.1M | 24M | -4.3M | 6.4M | 30.3M | -4.4M | -3.6M | 10.9M | 13.3M | 8.5M | 15.2M | 6.1M | 14.7M | 25.3M |
| Cash from Investing | -34.6M | -18.9M | -59.4M | 29.5M | -40.3M | 2.5M | -54.1M | 61.3M | 30.9M | 40.6M | 43.7M | -10.9M | 15.3M | 87.5M | 80.6M | 8.9M | 4.1M | 2.3M | -737.8M | -67.3M |
| Capital Expenditures | -3.5M | -3.1M | -1.9M | -2.1M | -2.3M | -3.2M | -2.2M | -1.5M | -2.5M | -2.4M | -2.2M | -1.9M | -2.7M | -2.6M | -2.9M | -1.8M | -2.8M | -2M | -2.7M | -2.7M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchase of Investments | -161.2M | -263.1M | -206M | -107.9M | -77.6M | -73.6M | -122.8M | -112.8M | -54.6M | -34.9M | -90.1M | -144.7M | -125.5M | -32.4M | -120.1M | -70.6M | -47M | -35.2M | -743M | -64.6M |
| Sale/Maturity of Investments | 130.1M | 218.7M | 148.5M | 139.5M | 39.6M | 79.3M | 70.9M | 175.6M | 88M | 77.9M | 136M | 135.7M | 143.5M | 122.5M | 104.8M | 81.3M | 53.9M | 39.5M | 7.9M | 0 |
| Other Investing | 0 | 28.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 98.8M | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 26.2M | 38.5M | 24M | 24.1M | 20M | 35M | 23.6M | 15.6M | 13.5M | 7.2M | 7.9M | 200K | 100K | 300K | 2.3M | 400K | 600K | 600K | 900K | 1.7M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Issued | 4.7M | 19.4M | 0 | 2.5M | 1.5M | 19.1M | 100K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 8.5M | 0 | 0 | 0 | 0 | 0 | 100K | 0 | 200K | 200K | 100K | 300K | 2.3M | 400K | 600K | 600K | 900K | 1.7M |
| Net Change in Cash | -10.3M | 41.3M | -30.5M | 66.3M | -66M | 47.9M | -11.9M | 64.5M | 13.7M | 33.4M | 44.3M | -61M | -31.7M | 61.5M | 25.4M | -35.4M | -35.6M | -49M | -773.1M | -82M |
| Exchange Rate Effect | -1.3M | 1M | 400K | 7.2M | 1.5M | -3.4M | 2.3M | -700K | -900K | 1.7M | -1M | 0 | -700K | 2.3M | -2.8M | -4.5M | -800K | -2M | 2M | -200K |
| Cash at Beginning | 396.8M | 355.5M | 386M | 319.7M | 385.7M | 337.8M | 349.7M | 285.2M | 271.5M | 238.1M | 193.8M | 254.8M | 286.5M | 225M | 199.6M | 235M | 270.6M | 319.6M | 1.09B | 1.17B |
| Cash at End | 386.5M | 396.8M | 355.5M | 386M | 319.7M | 385.7M | 337.8M | 349.7M | 285.2M | 271.5M | 238.1M | 193.8M | 254.8M | 286.5M | 225M | 199.6M | 235M | 270.6M | 319.6M | 1.09B |
| Free Cash Flow | -4.1M | 17.6M | 2.6M | 3.4M | -49.5M | 10.6M | 14.1M | -13.2M | -32.3M | -18.5M | -8.5M | -52.2M | -49.1M | -31.2M | -57.6M | -42M | -42.3M | -51.9M | -40.9M | -18.9M |
| FCF Growth % | 91.72% | 66.04% | -81.56% | 125.76% | -53.25% | 157.3% | 265.88% | 74.71% | 34.22% | 40.71% | 85.24% | -24.29% | -16.08% | 39.88% | -40.83% | -122.22% | 0% | -135.91% | -10.84% | -10.53% |
| FCF Margin % | -1.75% | 7.72% | 1.34% | 2.07% | -32.74% | 7.12% | 10.32% | -10.82% | -27.12% | -16.02% | -7.42% | -49.9% | -51.58% | -35.29% | -77.84% | -84% | -95.49% | -126.59% | -114.57% | -67.02% |
| FCF per Share | -0.05 | 0.25 | 0.04 | 0.05 | -0.68 | 0.15 | 0.2 | -0.19 | -0.46 | -0.26 | -0.12 | -0.75 | -0.71 | -0.48 | -0.86 | -0.68 | -0.69 | -0.84 | -0.66 | -0.31 |