Lemonade, Inc. (LMND) Revenue History
Annual and quarterly revenue from 2017 to 2025
Compound Annual Growth Rate (CAGR)
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LMND Revenue Growth
Revenue Breakdown (FY 2025)
LMND's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
LMND Revenue Analysis (2017–2025)
As of May 6, 2026, Lemonade, Inc. (LMND) generated trailing twelve-month (TTM) revenue of $821.1 million, reflecting explosive growth of +55.0% year-over-year. The most recent quarter (Q1 2026) recorded $234.4 million in revenue, up 2.8% sequentially.
Looking at the longer-term picture, LMND's 5-year compound annual growth rate (CAGR) stands at +50.9%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $737.9 million in 2025, representing a new all-time high.
Revenue diversification analysis shows LMND's business is primarily driven by Reportable Segment (100%). With over half of revenue concentrated in Reportable Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including ROOT (+29.0% YoY), HIPO (+20.8% YoY), and GO (+7.3% YoY), LMND has outperformed the peer group in terms of revenue growth. Compare LMND vs ROOT →
LMND Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| LMNDCurrent | $821M | +55.0% | +50.9% | -21.8% | |
 ROOT | $1.5B | +29.0% | +34.3% | 4.1% | |
 HIPO | $469M | +20.8% | +55.5% | 13.5% | |
 GO | $4.7B | +7.3% | +8.4% | -4.7% | |
 OSCR | $11.7B | +27.5% | +81.8% | -3.4% | |
 PGR | $75.3B | +18.4% | +14.1% | 14.2% |
LMND Historical Revenue Data (2017–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $737.9M | +40.2% | $297.2M | 40.3% | $-160,900,000 | -21.8% |
| 2024 | $526.5M | +22.5% | $172.7M | 32.8% | $-203,900,000 | -38.7% |
| 2023 | $429.8M | +67.4% | $90.2M | 21.0% | $-229,800,000 | -53.5% |
| 2022 | $256.7M | +99.9% | $28.4M | 11.1% | $-294,800,000 | -114.8% |
| 2021 | $128.4M | +36.0% | $22.9M | 17.8% | $-233,600,000 | -181.9% |
| 2020 | $94.4M | +40.3% | $20.4M | 21.6% | $-120,800,000 | -128.0% |
| 2019 | $67.3M | +199.1% | $11.9M | 17.7% | $-107,900,000 | -160.3% |
| 2018 | $22.5M | +837.5% | $3.1M | 13.8% | $-52,600,000 | -233.8% |
| 2017 | $2.4M | - | $2.4M | 100.0% | $-26,300,000 | -1095.8% |
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Start ComparisonLMND — Frequently Asked Questions
Quick answers to the most common questions about buying LMND stock.
Is LMND's revenue growth accelerating or slowing?
LMND revenue is accelerating at +55.0% year-over-year, exceeding the 5-year CAGR of +50.9%. TTM revenue reached $821M. Growth momentum has increased versus prior periods.
What is LMND's long-term revenue growth rate?
Lemonade, Inc.'s 5-year revenue CAGR of +50.9% reflects the sustained expansion pattern. Current YoY growth of +55.0% is above this long-term average.
How is LMND's revenue distributed by segment?
LMND reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2017-2025 are available for download. Segment mix reveals concentration and diversification trends.