LMND at a glance
Lemonade, Inc. (LMND, SEC CIK 1691421) filed its latest 10-K annual report on February 25, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on July 29, 2026 and Form 4 insider filings as recently as September 8, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Lemonade, Inc. (LMND) reported revenue of $737.9 million (up 40.2% from FY2024) and a net loss of $165.5 million. Diluted EPS was -$2.24.
- As of June 30, 2026, 33 institutional investment managers tracked by SignalX reported holding Lemonade, Inc. (LMND) shares worth $1.7 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Peters John Sheldon on September 4, 2026 of 2,249 shares at $54.45 per share.
- In the last 90 days, LMND insiders reported 0 open-market purchases ($0) and 5 open-market sales ($908K) on Form 4, a net sale of $908K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $737.9M
- +40.2% vs prior year
- Insiders · 90 days
- 0 buys · 5 sells
- Net −$908K
- 13F holders
- 33 funds
- $1.7B · +0 vs prior quarter
- Latest 8-K
- Jul 29, 2026
- Item 5.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: vertically-integrated, AI-powered digital insurance platform offering renters, homeowners, pet, car, and life insurance with high automation and customer alignment
- New emphasis on specialized car insurance pricing using direct vehicle telemetry to differentiate autonomous miles at significant discount
- Strategic refinement of reinsurance portfolio to balance capital efficiency (55% reinsured through mid-2025) with stable, growing gross margin
- Pet insurance claims efficiency improved 78% with cost per claim dropping from $65 to $14; pet insurance book grew over 35x in incidents filed
- Over 3 million customers served with platform operating in 41 US states plus multiple European countries, leveraging AI bots for 96% automated first-loss claim notices
Risk Factors
- Regulatory risk: Compliance with EU Artificial Intelligence Act effective August 2026, imposing extensive obligations and fines up to 7% global turnover
- Macroeconomic threat: California Proposition 103 restricts telematics use in largest car insurance market, limiting risk assessment and underwriting accuracy
- Operational vulnerability: Dependence on third-party providers for life insurance product; loss or unfavorable contract renewal could disrupt operations and finances
- Competitive threat: Intense competition from incumbents Progressive, GEICO, and tech entrants adopting AI threatens market share and profitability
- Financial risk: Accumulated deficit $1,464.3M as of Dec 31, 2025; net loss $165.5M in 2025 with ongoing significant investments and profitability uncertain
Management Discussion & Analysis
- Revenue $737.9M in 2025 vs $526.5M in 2024, up $211.4M or 40.2% YoY
- Gross profit margin 40% in 2025 vs 32% in 2024; adjusted gross profit margin 41% vs 33%
- Best performing segment: growth in customers to 2,984,513 from 2,430,056 (+554,457)
- Worst performing metric: net loss $165.5M in 2025 vs $202.2M in 2024 (smaller loss but still negative)
- Cash: $158.1M outstanding borrowings under Customer Investment Agreement; interest expense $17.3M; plan to invest heavily in sales and marketing growth, no capex or dividends disclosed
- Outlook/risk: macroeconomic uncertainty including tariffs, inflation, geopolitical risks in Israel, and reinsurance availability could impact costs, loss ratios and returns
AI summary of the LMND 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Quarterly revenue $294.4M, up $130.3M from $164.1M YoY
- Gross profit margin 38% vs 39% YoY; adjusted margin 39% vs 40%
- Net loss $43.4M vs $43.9M; adjusted EBITDA loss $18.7M vs $40.9M
- Customers 3.31M vs 2.69M; in-force premium $1,434.3M vs $1,083.4M
- New Hannover Re financing up to $250M; tariff-driven claims-cost inflation and rate-adjustment delays as headwinds
Risk Factors
- No material risk-factor changes from the most recent 10-K
- Reinsurance dependence, with new quota-share contracts effective July 1, 2026
- New-business financing exposure, under agreement with Hannover Re dated June 22, 2026
- Insider trading compliance, with 22,500 shares subject to a Rule 10b5-1 plan expiring August 31, 2027
AI summary of the LMND 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.02: Departure/Appointment of Directors or Principal Officers
- CFO Tim Bixby transitions to Class III director effective January 1, 2027
- Nick Stead, current SVP Finance, becomes CFO and principal financial and accounting officer January 1, 2027
Item 2.02: Results of Operations and Financial Condition
- Q2 and first-half 2026 financial results announced for periods ended June 30, 2026
- Shareholder letter furnished as Exhibit 99.1, containing the detailed results and management commentary
Item 1.01: Entry into a Material Definitive Agreement
- Filing contains only the authorized signature page, not substantive Item 1.01 agreement terms
- No deal value, counterparty, obligations, or strategic implications available from the provided text
AI summaries of LMND 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for LMND
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Peters John Sheldon | Sell | Sep 4, 2026 | 2,249 | $54.45 |
| Peters John Sheldon | Sell | Sep 3, 2026 | 859 | $54.63 |
| Prosor Maya | Sell | Sep 3, 2026 | 1,040 | $54.63 |
| BIXBY TIMOTHY E | Sell | Sep 3, 2026 | 1,893 | $54.63 |
| Wininger Shai | G | Sep 2, 2026 | 1,876 | - |
| Peters John Sheldon | Sell | Aug 13, 2026 | 11,000 | $52.55 |
| Peters John Sheldon | A | Jul 27, 2026 | 10,000 | - |
| BIXBY TIMOTHY E | Sell | Jul 7, 2026 | 73,000 | $79.18 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $429.8M | $526.5M | $737.9M |
| Net Income | -$236.9M | -$202.2M | -$165.5M |
| Net Margin | -55.1% | -38.4% | -22.4% |
| Balance Sheet | |||
| Total Assets | - | $1.8B | $1.9B |
| Equity | $708.9M | $593.4M | $533.6M |
| ROE | -33.4% | -34.1% | -31.0% |
| Per Share | |||
| EPS | $-3.40 | $-2.85 | $-2.24 |
| Cash Flow | |||
| Operating CF | -$119.1M | -$11.4M | -$16.5M |
| CapEx | $9.2M | $9.4M | $9.4M |
Source: XBRL data in Lemonade, Inc. (LMND)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate LMND share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 33 | $1.72B |
| Q1 2026 | 33 | $1.48B |
| Q4 2025 | 32 | $2.02B |
| Q3 2025 | 28 | $1.62B |
| Q2 2025 | 27 | $1.09B |
| Q1 2025 | 24 | $572.5M |
| Q4 2024 | 19 | $522.0M |
| Q3 2024 | 14 | $96.8M |
- Goldman Sachs Group+1.21M (+167%)
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- Vanguard Portfolio Management LLC+158.8K (+5%)
- Citadel Advisors LLC−309.0K (-40%)
- Bank of America Corp−182.6K (-51%)
- D.E. Shaw & Co−129.2K (-38%)
- Invesco Ltd−48.1K (-39%)
- Ameriprise Financial−35.1K (-25%)
- Allstate+5.4K
- Truist Financial+3.1K
- Bridgewater Associates LP−42.6K
- Mangrove Partners−4.1K
Source: 13F-HR filings on SEC EDGAR (aggregated from 210 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
LMND filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 8, 2026 | - | - | - |
| 4 | Sep 8, 2026 | - | - | - |
| 4 | Sep 8, 2026 | - | - | - |
| 4 | Sep 4, 2026 | - | - | - |
| 4 | Aug 17, 2026 | - | - | - |
| 10-Q | Aug 4, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 29, 2026 | - | Analysis | - |
| 8-K | Jul 29, 2026 | - | Analysis | - |
| 4 | Jul 29, 2026 | - | - | - |
| 4 | Jul 9, 2026 | - | - | - |
| 4 | Jul 8, 2026 | - | - | - |
| 8-K | Jun 24, 2026 | - | Analysis | - |
| 4 | Jun 12, 2026 | - | - | - |
| 8-K | Jun 5, 2026 | - | Analysis | |
| 4 | Jun 5, 2026 | - | - | |
| 4 | Jun 5, 2026 | - | - | |
| 4 | Jun 5, 2026 | - | - | |
| 4 | Jun 5, 2026 | - | - | |
| 4 | Jun 5, 2026 | - | - | |
| 4 | Jun 5, 2026 | - | - | |
| 4 | Jun 5, 2026 | - | - | |
| 4 | Jun 5, 2026 | - | - | |
| 10-Q | Apr 30, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | Apr 29, 2026 | - | Analysis | - |
| 4 | Mar 30, 2026 | - | - | - |
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LMND SEC filings: frequently asked questions
Are LMND insiders buying or selling?
In the last 90 days, Lemonade, Inc. (LMND) officers, directors and 10% owners reported no open-market purchases and 5 open-market sales worth $907,665 by 3 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold LMND stock?
As of June 30, 2026, the largest Lemonade, Inc. (LMND) holders among the 13F filers tracked by SignalX were BlackRock ($393.4 million), JPMorgan Chase & Co ($335.5 million), Vanguard Portfolio Management LLC ($204.3 million), Vanguard Capital Management LLC ($199.8 million), Goldman Sachs Group ($125.8 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was LMND's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Lemonade, Inc. (LMND) reported revenue of $737.9 million (up 40.2% from FY2024) and a net loss of $165.5 million. Diluted EPS was -$2.24. The figures come from the XBRL data in the 10-K.
What are the main risks in LMND's latest 10-K?
In the 10-K filed February 25, 2026, Lemonade, Inc. (LMND) flagged: Regulatory risk: Compliance with EU Artificial Intelligence Act effective August 2026, imposing extensive obligations and fines up to 7% global turnover. Macroeconomic threat: California Proposition 103 restricts telematics use in largest car insurance market, limiting risk assessment and underwriting accuracy. (AI summary of the Risk Factors section.)
What did LMND report in its latest 8-K?
Lemonade, Inc. (LMND) filed an 8-K on July 29, 2026 reporting Item 5.02 (Departure/Appointment of Directors or Principal Officers). CFO Tim Bixby transitions to Class III director effective January 1, 2027.
What are the latest LMND SEC filings?
Lemonade, Inc. (LMND) filed its latest 10-K annual report on February 25, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on July 29, 2026 and a Form 4 insider filing on September 8, 2026.
What is LMND's SEC CIK number?
Lemonade, Inc. (LMND)'s SEC Central Index Key (CIK) is 1691421. EDGAR lists every LMND filing under that number.
Ask anything about LMND
The research agent reads LMND's filings, financials, insider trades and 13F holders, then answers with sources.