LMND

Lemonade, Inc.

Financial Services · $3.5B market cap

Verdict

We can't put a fair value on LMND right now. It's valued like a bank, but its return on tangible equity (or its tangible book value) isn't positive, so there's nothing to base a value on.

Business quality

1 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth—?
Equity per share growth-17.8% a year✗
Sales growth50.9% a year✓
Free cash flow growth—?
Return on invested capital-27.3%✗

Follow LMND

Track it on your watchlist and see the full analysis. Free.

Create a free account

Superinvestors

None of the investors we track holds LMND right now. In Q2 2026, 2 sold out. Who we track

Moves in Q2 2026

Sold out: Polen Capital Management, Lee Ainslie

Insider activity

Since Sep 2, 2026: no open-market purchases, 4 sales worth $330K and 1 other filing (stock awards, tax withholding and similar). Why purchases matter

Sales

Other filings

About Lemonade, Inc.

Lemonade, Inc. functions as an insurance provider operating across the United States and Europe, offering a diverse array of policies. Their core coverage options encompass protection against stolen or damaged personal property, as well as personal liability insurance designed to safeguard customers if they are deemed responsible for accidents or harm to others or their assets. Specifically, they provide renters…

Insurance - Property & Casualty

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works