Earnings release

Lemonade, Inc. Lemonade, Inc. · Q4 2025

ReportedFeb 19, 2026
Period endedDec 31, 2025
Rule of 40+61

The quarter in short

Revenue $228M, up 53.3% year over year and 17.4% on the quarter. EPS −$0.29, up 31.0% year over year and 43.1% on the quarter. Free cash flow $18M, up 66.0% year over year and 576.9% on the quarter. Rule of 40 score +61.

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Q4 2025 across the sector

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