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/LMND
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Lemonade Inc

Lemonade Inc

LMND
$67.18USD↑+4.04%+2.61 today

MARKET CAP

5.2B

P/E (TTM)

—

FWD P/E

—

DAY RANGE

$62 – $67

52W RANGE

$36
$100

AI Summary

Stalk
TrimMedium

LMND remains in a Stage 3 distribution phase with broken higher-high/lower-low structure and bearish pivot confirmation; medium-term bias is bearish, but short-term timing is neutral as price oscillates around the 9/20 EMA and 50-DMA support zone, so execution should be deferred until a rally into that resistance area for a rejection-based sell entry.

  • ↑In-force premiums grew 32% YoY to $1.33B
  • ↑Revenue surged 71% YoY to $258M
  • ↓Operating expenses rose 25% YoY to $159M, pressuring margins
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Lemonade, Inc. (NYSE: LMND) is an innovative insurtech company that leverages artificial intelligence (AI) to provide insurance solutions for homeowners, renters, pets, and cars. As a digital-first insurance provider, Lemonade aims to disrupt traditional insurance models by offering transparent pricing, automated claims processing, and superior customer experiences. The company has made significant strides in customer acquisition and market penetration, showcasing robust growth metrics and expanding into niche markets like autonomous vehicle insurance.

Bull says

  • ↑In-force premiums grew 32% YoY to $1.33B
  • ↑Revenue surged 71% YoY to $258M
  • ↑Gross profit up 159% YoY at $100M; loss ratio at 62%
  • ↑Auto and pet insurance segments expanding fast
  • ↑Reinsurance cede reduced to 18%, boosting capital efficiency
  • ↑Cash & investments at $1.1B provide healthy buffer

Bear says

  • ↓Operating expenses rose 25% YoY to $159M, pressuring margins
  • ↓Adjusted EBITDA loss narrowed to $17M but still negative
  • ↓Annual dollar retention pressured by targeted non-renewals
  • ↓Seeding rate volatility amid expected declines in Q4
  • ↓High stock volatility and elevated short interest signal risk
  • ↓Growth reliant on adoption in crowded insurtech market

Investment themes with LMND

Recent IPOs↓ -0.74%

Companies that recently went public

SNOW · PLTR · PTON
L&H Insurance↑ +0.32%

PGR · TRV · ALL
FinTech Lending↓ -0.02%

Financial technology companies providing loans

SOFI · COIN · FIS

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 04-30-2026neutral

Transcript signals

Bull points

  • In less than six years from launch, we've become the most searched pet insurance brand in the U.S. and the fourth largest carrier, competing against incumbents with decades of operating history.
  • We have a notable cross-sell advantage versus many pet insurers, with over 3 million customers to whom we can sell directly, CAC-free. In fact, 85 million of current pet IFP was sourced from our existing customer base.
  • As of the end of Q1, 18% of total IFP is bundled. Importantly, cross-sold business is largely acquired with little to no CAG, which is a meaningful driver of the improvements you're seeing in our overall profitability.

Bear points

  • Over the past year, ADR has been held back by a targeted non-renewal initiative in our homeowners line focused on reducing CAD-exposed business. That deliberate move created the temporary headwind for ADR while improving the overall health of our business and has largely wrapped up by the end of 2025.
  • It's also worth noting that if you exclude homeowners, ADR actually improved over 300 basis points year over year.
  • Our net loss was a loss of $36 million in Q1, or $0.47 per share, as compared to a net loss of $62 million, or $0.86 per share, in the prior year.
Read full transcript analysis ›