LMND Q3 2023 Earnings — Lemonade, Inc. Revenue & Financial Results | Market Cap Arena

LMNDLemonade, Inc.

$4B

Q3 2023 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$115M+54.7% YoY

Gross Profit

$24M20.5% margin

Operating Income

-$60M-52.1% margin

Net Income

-$62M-53.7% margin

EPS (Diluted)

$-0.88

QoQ Revenue Growth

+9.5%

Cash Flow

Operating Cash Flow

-$6M

Free Cash Flow

-$9M

Stock-Based Comp.

$15M

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$921M

Stockholders' Equity

$727M

Cash & Equivalents

$232M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$115M	$74M	+54.7%
Gross Profit	$24M	$9M	+173.3%
Operating Income	-$60M	-$89M	+33.1%
Net Income	-$62M	-$91M	+32.7%