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Lemonade, Inc.

Lemonade, Inc.LMND FCF Margin

Free cash flow as a percentage of revenue, showing how much of each sales dollar becomes cash.

FCF Margin

Latest: -2.7% (2026Q2)

Period Value
2021Q1 -180.0%
2021Q2 -67.0%
2021Q3 -114.6%
2021Q4 -126.6%
2022Q1 -95.5%
2022Q2 -84.0%
2022Q3 -77.8%
2022Q4 -35.3%
2023Q1 -51.6%
2023Q2 -49.9%
2023Q3 -7.4%
2023Q4 -16.1%
2024Q1 -27.1%
2024Q2 -10.8%
2024Q3 10.3%
2024Q4 7.1%
2025Q1 -32.7%
2025Q2 2.1%
2025Q3 1.3%
2025Q4 7.7%
2026Q1 -1.6%
2026Q2 -2.7%

Latest FCF Margin: -2.7% (2026Q2); −4.8 pp YoY.

Across the 22 quarters from 2021Q1 to 2026Q2, FCF Margin ranged from -180.0% in 2021Q1 to 10.3% in 2024Q3.

Other LMND Charts

More quarter-by-quarter fundamentals for Lemonade, Inc.

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Fintech Comparison

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