OverviewSuggest Edit

Lemonade is a provider of a peer-to-peer insurance platform designed for renters and homeowners. It is powered by artificial intelligence and behavioral economics and utilizes bots and machine learning to create an insurance experience.
TypePublic
Founded2015
HQNew York, NY, US
Websitelemonade.com
Employee Ratings4.6
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2020)567(+73%)
Job Openings108
Revenue (FY, 2020)$94.4 M(+41%)
Share Price (Sept 2021)$72.7(+3%)
Cybersecurity ratingCMore

Key People/Management at Lemonade

Daniel Schreiber

Daniel Schreiber

CEO & Co-Founder
Shai Wininger

Shai Wininger

Co-Founder and President
Maya Cohen Prosor

Maya Cohen Prosor

VP Business Development
Dan Ariely

Dan Ariely

Chief Behavioral Officer
Tim Bixby

Tim Bixby

Chief Financial Officer
John S. Peters

John S. Peters

Chief Insurance Officer
Show more

Lemonade Office Locations

Lemonade has offices in New York and Sioux Falls
New York, NY, US (HQ)
5 Crosby St 3rd floor
Sioux Falls, SD, US
1 Sammons Plaza
Show all (2)

Lemonade Financials and Metrics

Lemonade Revenue

Embed Graph
View revenue for all periods
Lemonade's revenue was reported to be $94.4 m in FY, 2020 which is a 40.3% increase from the previous period.
USD

Revenue (Q1, 2021)

23.5m

Net income (Q1, 2021)

(48.2m)

Market capitalization (15-Sept-2021)

4.5b

Closing stock price (15-Sept-2021)

72.7

Cash (31-Mar-2021)

1.2b
Lemonade's current market capitalization is $4.5 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

22.5m67.3m94.4m

Revenue growth, %

199%40%

Cost of goods sold

19.4m55.4m69.1m

Gross profit

3.1m11.9m25.3m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

11.0m13.8m19.0m26.2m29.9m17.8m23.5m

Cost of goods sold

9.8m12.1m14.9m21.5m24.5m10.2m

Gross profit

1.2m1.7m(14.9m)4.7m5.4m7.6m

Gross profit Margin, %

11%12%(78%)18%18%43%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

102.4m270.3m571.4m

Accounts Receivable

37.7m74.4m135.1m

Prepaid Expenses

1.5m1.0m91.3m

PP&E

1.0m3.1m5.7m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

274.2m258.8m575.7m1.2b

Accounts Receivable

79.6m91.1m125.0m

Prepaid Expenses

100.0k86.2m

PP&E

3.4m4.3m5.1m6.9m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

(52.9m)(108.5m)(122.3m)

Depreciation and Amortization

100.0k600.0k1.7m

Accounts Payable

200.0k(800.0k)700.0k

Cash From Operating Activities

(40.8m)(78.1m)(91.7m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

(21.6m)(44.7m)(75.8m)(36.5m)(57.5m)(88.4m)

Depreciation and Amortization

100.0k300.0k300.0k700.0k1.1m900.0k

Accounts Payable

(300.0k)(200.0k)(800.0k)200.0k100.0k300.0k(400.0k)

Cash From Operating Activities

(20.4m)(37.7m)(60.4m)(19.4m)(35.3m)(71.0m)(40.3m)
USDFY, 2018

Revenue/Employee

192.3k

Financial Leverage

-1.9 x
Show all financial metrics

Lemonade Operating Metrics

Lemonade's Customers was reported to be 1 m in FY, 2020.
Show all operating metrics

Lemonade Acquisitions / Subsidiaries

Company NameDateDeal Size
Lemonade Agency B.V.
Lemonade B.V.
Lemonade Insurance Agency, LLC
Lemonade Insurance Company
Lemonade Insurance N.V.
Lemonade Life Insurance Agency, LLC
Lemonade Ltd.

Lemonade Cybersecurity Score

Cybersecurity ratingPremium dataset

C

76/100

SecurityScorecard logo

Lemonade Online and Social Media Presence

Embed Graph

Lemonade Company Culture

  • Overall Culture

    A+

    97/100

  • CEO Rating

    A+

    100/100

  • Compensation

    A+

    100/100

Learn more on Comparably

Lemonade News and Updates

Consumer Alert: Lowey Dannenberg, P.C., Investigates Claims Against Insurance Company, Lemonade, Inc.

NEW YORK, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating consumer claims for violation of consumer protection statutes by Lemonade, Inc. (“Lemonade” or the “Company”).

Consumer Alert: Lowey Dannenberg, P.C., Investigates Claims Against Insurance Company, Lemonade, Inc. (LMND)

NEW YORK, July 30, 2021 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating consumer claims for violation of consumer protection statutes by Lemonade, Inc. (“Lemonade” or the “Company”).

Reliance Global Group Adds Lemonade and Hippo to its 5MinuteInsure.com Platform

On track for commercial launch of 5MinuteInsure.com this summerLakewood, NJ - (NewMediaWire) - July 26, 2021 - Reliance Global Group, Inc. (Nasdaq: RELI; RELIW), an insurtech company focused on combining advanced technologies with the personal…

BarBox Releases Two New Ready-to-Drink Cocktails: Margarita and Gin Lemonade

Just in Time for Summer, BarBox Adds These Classics to Their Delicious Lineup Just in Time for Summer, BarBox Adds These Classics to Their Delicious Lineup

Vacay Engages Lemonade as Agency of Record

The U.S.-based, digital agency will be responsible for all of Vacay's global marketing efforts.
Show more

Lemonade Blogs

Cremation and Ash Scattering, Briefly Explained

What does cremation involved? What laws dictate where you can scatter a loved one's ashes? What does a hit HBO miniseries have to do with all of this?  The post Cremation and Ash Scattering, Briefly Explained appeared first on Lemonade Blog.

What Happens in a Life Insurance Medical Exam?

Some life insurance providers might require you to go through a medical exam before receiving a quote. With term life offered by Lemonade, it's different. The post What Happens in a Life Insurance Medical Exam? appeared first on Lemonade Blog.

Lemonade Frequently Asked Questions

  • When was Lemonade founded?

    Lemonade was founded in 2015.

  • Who are Lemonade key executives?

    Lemonade's key executives are Daniel Schreiber, Shai Wininger and Maya Cohen Prosor.

  • How many employees does Lemonade have?

    Lemonade has 567 employees.

  • What is Lemonade revenue?

    Latest Lemonade annual revenue is $94.4 m.

  • What is Lemonade revenue per employee?

    Latest Lemonade revenue per employee is $166.5 k.

  • Who are Lemonade competitors?

    Competitors of Lemonade include Cover, Slice Labs and Zelros.

  • Where is Lemonade headquarters?

    Lemonade headquarters is located at 5 Crosby St 3rd floor, New York.

  • Where are Lemonade offices?

    Lemonade has offices in New York and Sioux Falls.

  • How many offices does Lemonade have?

    Lemonade has 2 offices.