Lemonade Valuation Multiples

Lemonade Overview

About Lemonade

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. The Company operates in one report segment providing personal property and casualty insurance products within the United States and Europe, including the UK.

Founded

2015

HQ

Employees

1.3K

Website

lemonade.com

Sectors

Insurance CarriersVertical AI ApplicationsNeoinsuranceArtificial IntelligenceFinTechHealthTechInsurTech

Financials (LTM)

Revenue: $866M

EBITDA: ($101M)

EV

$4B

Valuation Multiples

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Lemonade Financials

Lemonade reported last 12-month revenue of $866M and negative EBITDA of ($101M).

In the same LTM period, Lemonade generated $338M in gross profit, ($101M) in EBITDA losses, and had net loss of ($156M).

Lemonade P&L

In the most recent fiscal year, Lemonade reported revenue of $738M and EBITDA of ($118M).

Lemonade expects next 12-month revenue of XXX and NTM EBITDA of XXX

Lemonade Stock Performance

Lemonade has current market cap of $4B, and enterprise value of $4B.

Lemonade's stock price is $54.45.

Lemonade Valuation Multiples

Lemonade trades at 4.6x EV/Revenue multiple, and (39.1x) EV/EBITDA.

Lemonade Financial Valuation Multiples

As of April 12, 2026, Lemonade has market cap of $4B and EV of $4B.

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 (26.7x).

Lemonade Margins & Growth Rates

Lemonade's revenue in the last 12 month grew by 51%.

Lemonade's revenue per employee in the last FY averaged $0.6M.

Lemonade's rule of 40 is 57% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Lemonade's rule of X is 150% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Lemonade Public Comps

See public comps and valuation multiples for other Insurance Carriers and Vertical AI Applications comps.

Lemonade M&A Activity

Lemonade acquired XXX companies to date.

Last acquisition by Lemonade was on XXXXXXXX, XXXXX. Lemonade acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Lemonade Investment Activity

Lemonade invested in XXX companies to date.

Lemonade made its latest investment on XXXXXXXX, XXXXX. Lemonade invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).