Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $22.5M | $67.3M | $94.4M | $128M | $257M | $430M | $527M | $738M |
| Revenue growth | — | 199.1% | 40.3% | 36.0% | 99.9% | 67.4% | 22.5% | 40.2% |
| Net income | -$52.9M | -$109M | -$122M | -$241M | -$298M | -$237M | -$202M | -$166M |
| Net margin | -235.1% | -161.2% | -129.6% | -187.9% | -116.0% | -55.1% | -38.4% | -22.4% |
| EPS (diluted) | -$4.84 | -$9.75 | -$3.63 | -$3.94 | -$4.59 | -$3.40 | -$2.85 | -$2.24 |
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$40.8M | -$78.1M | -$91.7M | -$145M | -$163M | -$119M | -$11.4M | -$16.5M |
| Capital expenditures | $700K | $2.70M | $4.40M | $9.40M | $10.1M | $9.20M | $9.40M | $9.40M |
| Free cash flow | -$41.5M | -$80.8M | -$96.1M | -$154M | -$173M | -$128M | -$20.8M | -$25.9M |
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $102M | $270M | $571M | $271M | $283M | $265M | $376M | $385M |
| Total assets | — | $414M | $829M | $1.51B | $1.69B | $1.63B | $1.85B | $1.93B |
| Total liabilities | — | $117M | $288M | $522M | $824M | $924M | $1.26B | $1.39B |
| Shareholders' equity | -$79.1M | -$183M | $541M | $988M | $867M | $709M | $593M | $534M |
| Retained earnings | — | -$198M | -$321M | -$562M | -$860M | -$1.10B | -$1.30B | -$1.46B |
| Shares (wtd avg diluted) | — | 11.1M | 33.7M | 61.2M | 64.9M | 69.7M | 71.0M | 73.9M |
Every figure is extracted from Lemonade, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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