LMND Q4 2023 Earnings — Lemonade, Inc. Revenue & Financial Results | Market Cap Arena

LMNDLemonade, Inc.

$4B

Q4 2023 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$116M+30.7% YoY

Gross Profit

$57M49.2% margin

Operating Income

-$40M-34.3% margin

Net Income

-$42M-36.7% margin

EPS (Diluted)

$-0.61

QoQ Revenue Growth

+0.9%

Cash Flow

Operating Cash Flow

-$16M

Free Cash Flow

-$19M

Stock-Based Comp.

$14M

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$924M

Stockholders' Equity

$709M

Cash & Equivalents

$265M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$116M	$88M	+30.7%
Gross Profit	$57M	$31M	+84.4%
Operating Income	-$40M	-$68M	+41.9%
Net Income	-$42M	-$64M	+33.4%