LMND Lemonade, Inc.

FY2025 10-K
Filed: Feb 25, 2026
Financials
Fire, Marine & Casualty InsuranceSEC EDGAR

Lemonade, Inc. (LMND) filed its fiscal year 2025 10-K annual report with the SEC on Feb 25, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

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
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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%
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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
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Financial Summary
XBRL

Revenue

$738M

Net Income

-$166M

Net Margin

-22.4%

ROE

-31.0%

Total Assets

$1.9B

EPS (Diluted)

$-2.24

Operating Cash Flow

-$17M

Source: XBRL data from Lemonade, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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