LMND Q1 2023 Earnings — Lemonade, Inc. Revenue & Financial Results | Market Cap Arena

LMNDLemonade, Inc.

$4B

Q1 2023 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$95M+114.9% YoY

Gross Profit

$18M18.9% margin

Operating Income

-$65M-68.0% margin

Net Income

-$66M-69.1% margin

EPS (Diluted)

$-0.95

QoQ Revenue Growth

+7.7%

Cash Flow

Operating Cash Flow

-$46M

Free Cash Flow

-$49M

Stock-Based Comp.

$15M

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$819M

Stockholders' Equity

$822M

Cash & Equivalents

$250M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$95M	$44M	+114.9%
Gross Profit	$18M	$11M	+66.7%
Operating Income	-$65M	-$73M	+10.9%
Net Income	-$66M	-$75M	+12.0%