LMND Rule of 40
Rule of 40 combines revenue growth and free cash flow margin in one quarterly score.
29
Q3
37
2024
Q4
-6
Q1
37
Q2
44
Q3
61
2025
Q4
69
Q1
77
2026
Q2
40
0
Mix
Other LMND Charts
More quarter-by-quarter fundamentals for Lemonade, Inc.
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Revenue
EPS
Free Cash Flow
FCF Margin
P/E Ratio
Cumulative FCF
Shares Outstanding
Total Assets
Total Debt
Fintech Comparison
1 / 3
SOFI · Rule of 40
2026 Q2 · latest
n/mNot meaningful yet
HOOD · Rule of 40
2026 Q2 · latest
85.5✓ Passing
Growth +32.3%
FCF +53.2%
n/m
Q3
n/m
2024
Q4
119
Q1
n/m
Q2
n/m
Q3
-47
2025
Q4
n/m
Q1
85
2026
Q2
40
0
Mix
AFRM · Rule of 40
2026 Q4 · latest
52.7✓ Passing
Growth +33.0%
FCF +19.7%
63
Q1
78
Q2
56
Q3
36
2025
Q4
68
Q1
40
Q2
64
Q3
53
2026
Q4
40
0
Mix
Latest Rule of 40: +77 (2026Q2); +40 pts YoY.
Across the 8 quarters from 2024Q3 to 2026Q2, Rule of 40 ranged from −6 in 2025Q1 to +77 in 2026Q2.