Lemonade
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Lemonade's past years’ income statements indicate that its last revenue has increased compared to the previous period by 67% to $429,800,000. The net income raised on -$236,900,000 and profit margin reached -55%. Total operating expenses were $372,500,000.
Profit Margin
| 2017 | 2.4M | -28.1M | -1170.83% |
|---|---|---|---|
| 2018 | 22.5M | -52.9M | -235.11% |
| 2019 | 67.3M | -108.5M | -161.22% |
| 2020 | 94.4M | -122.3M | -129.56% |
| 2021 | 128.4M | -241.3M | -187.93% |
| 2022 | 256.7M | -297.8M | -116.01% |
| 2023 | 429.8M | -236.9M | -55.12% |
LMND Income Statement (2017 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|
Revenue | |||||||
Revenue | 429.8M | 256.7M | 128.4M | 94.4M | 67.3M | 22.5M | 2.4M |
Cost of revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Gross profit | 429.8M | 256.7M | 128.4M | 94.4M | 67.3M | 22.5M | 2.4M |
Operating exp. | |||||||
Research and development | 0 | 51.8M | 51.8M | 0 | 0 | 0 | 0 |
Selling and marketing | 101.9M | 138.3M | 141.6M | 77.7M | 89.1M | 41.7M | 12.6M |
Total operating expenses | 372.5M | 266M | -362M | 160.5M | -175.2M | -75.1M | 28.7M |
Operating income | 57.3M | -294.8M | -233.6M | -66.1M | -107.9M | -52.6M | -26.3M |
Other income (expenses), net | -287.1M | -294.8M | -233.6M | -54.7M | -107.9M | 0 | -1.7M |
Income before tax | -229.8M | -294.8M | -233.6M | -120.8M | -107.9M | -52.6M | -28M |
Income tax expense | 7.1M | 3M | 7.7M | 1.5M | 600K | 300K | 100K |
Net income | -236.9M | -297.8M | -241.3M | -122.3M | -108.5M | -52.9M | -28.1M |
Earnings per share | |||||||
Basic EPS | -3.4 | -4.59 | -3.94 | -3.63 | -2.49 | -1.21 | -2.58 |
Diluted EPS | -3.4 | -4.59 | -3.94 | -3.63 | -2.49 | -1.21 | -2.58 |
| Data source | Data source | Data source |