LMND Q1 2024 Earnings — Lemonade, Inc. Revenue & Financial Results | Market Cap Arena

LMNDLemonade, Inc.

$4B

Q1 2024 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$119M+25.1% YoY

Gross Profit

$36M30.1% margin

Operating Income

-$45M-38.0% margin

Net Income

-$47M-39.7% margin

EPS (Diluted)

$-0.67

QoQ Revenue Growth

+3.1%

Cash Flow

Operating Cash Flow

-$30M

Free Cash Flow

-$32M

Stock-Based Comp.

$15M

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$970M

Stockholders' Equity

$676M

Cash & Equivalents

$279M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$119M	$95M	+25.1%
Gross Profit	$36M	$18M	+99.4%
Operating Income	-$45M	-$65M	+30.1%
Net Income	-$47M	-$66M	+28.1%