LMND Q2 2023 Earnings — Lemonade, Inc. Revenue & Financial Results | Market Cap Arena

LMNDLemonade, Inc.

$4B

Q2 2023 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$105M+109.2% YoY

Gross Profit

$14M13.1% margin

Operating Income

-$66M-63.0% margin

Net Income

-$67M-64.2% margin

EPS (Diluted)

$-0.97

QoQ Revenue Growth

+9.9%

Cash Flow

Operating Cash Flow

-$50M

Free Cash Flow

-$52M

Stock-Based Comp.

$15M

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$842M

Stockholders' Equity

$771M

Cash & Equivalents

$189M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$105M	$50M	+109.2%
Gross Profit	$14M	$12M	+12.3%
Operating Income	-$66M	-$65M	-1.4%
Net Income	-$67M	-$68M	+1.0%