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Lemonade Inc operates in the insurance industry. The company offers digital and artificial intelligence based platform for various insurances and for settling claims and paying premiums. The platform ensures transparency in issuing policies and settling disputes. The company is using technology, data, artificial intelligence, contemporary design, and social impact to deliver delightful and affordable insurances. Geographically, it operates in California, Texas, New York, New Jersey, Illinois, Georgia, Washington, Colorado, Pennsylvania, Oregon and others.
2015
1.2K+
LTM Revenue $594M
LTM EBITDA -$147M
$3.1B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Lemonade has a last 12-month revenue (LTM) of $594M and a last 12-month EBITDA of -$147M.
In the most recent fiscal year, Lemonade achieved revenue of $527M and an EBITDA of n/a.
Lemonade expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Lemonade valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $594M | XXX | $527M | XXX | XXX | XXX |
| Gross Profit | $235M | XXX | n/a | XXX | XXX | XXX |
| Gross Margin | 40% | XXX | n/a | XXX | XXX | XXX |
| EBITDA | -$147M | XXX | n/a | XXX | XXX | XXX |
| EBITDA Margin | -25% | XXX | n/a | XXX | XXX | XXX |
| EBIT | -$184M | XXX | n/a | XXX | XXX | XXX |
| EBIT Margin | -31% | XXX | n/a | XXX | XXX | XXX |
| Net Profit | -$205M | XXX | -$202M | XXX | XXX | XXX |
| Net Margin | -34% | XXX | -38% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of June 25, 2025, Lemonade's stock price is $45.
Lemonade has current market cap of $3.3B, and EV of $3.1B.
See Lemonade trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3.1B | $3.3B | XXX | XXX | XXX | XXX | $-2.84 |
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Start Free TrialAs of June 25, 2025, Lemonade has market cap of $3.3B and EV of $3.1B.
Lemonade's trades at 5.9x EV/Revenue multiple, and n/a EV/EBITDA.
Equity research analysts estimate Lemonade's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Lemonade has a P/E ratio of -16.1x.
See valuation multiples for Lemonade and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3.3B | XXX | $3.3B | XXX | XXX | XXX |
| EV (current) | $3.1B | XXX | $3.1B | XXX | XXX | XXX |
| EV/Revenue | 5.2x | XXX | 5.9x | XXX | XXX | XXX |
| EV/EBITDA | -21.2x | XXX | n/a | XXX | XXX | XXX |
| EV/EBIT | -16.8x | XXX | n/a | XXX | XXX | XXX |
| EV/Gross Profit | 13.2x | XXX | n/a | XXX | XXX | XXX |
| P/E | -16.1x | XXX | -16.3x | XXX | XXX | XXX |
| EV/FCF | -77.1x | XXX | -149.3x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialLemonade's last 12 month revenue growth is 29%
Lemonade's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged n/a for the same period.
Lemonade's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Lemonade's rule of X is 48% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Lemonade and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 29% | XXX | 29% | XXX | XXX | XXX |
| EBITDA Margin | -25% | XXX | n/a | XXX | XXX | XXX |
| EBITDA Growth | -24% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | n/a | XXX | n/a | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 48% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | n/a | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 32% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ADNIC | XXX | XXX | XXX | XXX | XXX | XXX |
| Aegon | XXX | XXX | XXX | XXX | XXX | XXX |
| ASR Nederland | XXX | XXX | XXX | XXX | XXX | XXX |
| NN Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Challenger | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Lemonade acquired XXX companies to date.
Last acquisition by Lemonade was XXXXXXXX, XXXXX XXXXX XXXXXX . Lemonade acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was Lemonade founded? | Lemonade was founded in 2015. |
| Where is Lemonade headquartered? | Lemonade is headquartered in United States of America. |
| How many employees does Lemonade have? | As of today, Lemonade has 1.2K+ employees. |
| Who is the CEO of Lemonade? | Lemonade's CEO is Mr. Daniel Schreiber. |
| Is Lemonade publicy listed? | Yes, Lemonade is a public company listed on NYS. |
| What is the stock symbol of Lemonade? | Lemonade trades under LMND ticker. |
| When did Lemonade go public? | Lemonade went public in 2020. |
| Who are competitors of Lemonade? | Similar companies to Lemonade include e.g. ADNIC, Aegon, ASR Nederland, NN Group. |
| What is the current market cap of Lemonade? | Lemonade's current market cap is $3.3B |
| What is the current revenue of Lemonade? | Lemonade's last 12 months revenue is $594M. |
| What is the current revenue growth of Lemonade? | Lemonade revenue growth (NTM/LTM) is 29%. |
| What is the current EV/Revenue multiple of Lemonade? | Current revenue multiple of Lemonade is 5.2x. |
| Is Lemonade profitable? | Yes, Lemonade is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Lemonade? | Lemonade's last 12 months EBITDA is -$147M. |
| What is Lemonade's EBITDA margin? | Lemonade's last 12 months EBITDA margin is -25%. |
| What is the current EV/EBITDA multiple of Lemonade? | Current EBITDA multiple of Lemonade is -21.2x. |
| What is the current FCF of Lemonade? | Lemonade's last 12 months FCF is -$40.3M. |
| What is Lemonade's FCF margin? | Lemonade's last 12 months FCF margin is -7%. |
| What is the current EV/FCF multiple of Lemonade? | Current FCF multiple of Lemonade is -77.1x. |
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