For the quarter ending 2025-09-30, LMND had -$30,500K decrease in cash & cash equivalents over the period. $2,600K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Total revenue | 194,500 | 164,100 | 151,200 | 526,500 |
| Less loss and loss adjustment expenses, net | 89,600 | 77,500 | 85,400 | 277,000 |
| Other insurance expense | 24,100 | 21,400 | 26,100 | 76,800 |
| Sales and marketing | 11,300 | 9,900 | 5,100 | 44,800 |
| Advertising expenses | 46,100 | 49,700 | 38,100 | 121,500 |
| Technology development | 24,700 | 22,400 | 22,000 | 85,800 |
| General and administrative | 30,300 | 56,900 | 28,100 | 98,000 |
| Interest expense | 4,600 | 4,000 | 3,300 | 6,200 |
| Depreciation and amortization | 3,400 | 4,700 | 4,500 | 20,000 |
| Other expenses | -3,300 | -11,700 | - | 300 |
| Income tax expense | 1,200 | 1,300 | 1,000 | -1,700 |
| Net loss | -37,500 | -43,900 | -62,400 | -30,000 |
| Depreciation and amortization | 3,400 | 4,700 | 4,500 | 4,700 |
| Stock-based compensation | 17,100 | 15,400 | 10,300 | 17,300 |
| Amortization of premium on bonds | 1,400 | 1,500 | 1,500 | 1,600 |
| Provision for bad debt | 5,200 | 4,400 | 4,500 | 3,100 |
| Gain on early lease termination | 2,300 | - | - | - |
| Asset impairment charge | 0 | 0 | - | 0 |
| Premium receivable | 53,800 | 33,300 | 21,100 | 6,600 |
| Reinsurance recoverable | -10,100 | -4,500 | 11,900 | -19,500 |
| Prepaid reinsurance premium | -78,200 | 18,100 | 9,900 | -1,100 |
| Deferred acquisition costs | 900 | 1,200 | -800 | 300 |
| Other assets | -1,400 | 600 | -2,800 | 3,200 |
| Unpaid loss and loss adjustment expense | 2,300 | 2,500 | 9,200 | 3,900 |
| Unearned premium | -58,400 | -33,300 | -21,200 | -1,200 |
| Trade payables | 2,900 | -1,200 | -1,100 | 3,500 |
| Funds held for reinsurance treaties | -37,600 | 15,000 | 5,500 | 30,300 |
| Deferred ceding commissions | -18,400 | 7,400 | -4,600 | 6,700 |
| Ceded premium payable | -10,700 | 3,500 | 2,400 | -18,100 |
| Other liabilities and accrued expenses | -11,900 | 14,600 | 4,100 | -17,700 |
| Net cash used in operating activities | 4,500 | 5,500 | -47,200 | 13,800 |
| Acquisition of business, net of cash acquired | - | - | - | 0 |
| Proceeds from short-term investments sold or matured | 13,000 | 5,600 | 9,400 | 12,900 |
| Proceeds from bonds sold or matured | 135,500 | 133,900 | 30,200 | 66,400 |
| Cost of short-term investments acquired | 15,000 | 6,700 | 2,000 | 9,100 |
| Cost of bonds acquired | 191,000 | 101,200 | 75,600 | 64,500 |
| Purchases of property and equipment | 1,900 | 2,100 | 2,300 | 3,200 |
| Net cash (used in) provided by investing activities | -59,400 | 29,500 | -40,300 | 2,500 |
| Proceeds from borrowings under financing agreement | 30,200 | 36,100 | 30,000 | 25,600 |
| Payments on borrowings under financing agreement | 14,700 | 14,500 | 11,500 | 9,700 |
| Proceeds from stock exercises | 8,500 | 2,500 | 1,500 | 19,100 |
| Net cash provided by financing activities | 24,000 | 24,100 | 20,000 | 35,000 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 400 | 7,200 | 1,500 | -3,400 |
| Net increase in cash, cash equivalents and restricted cash | -30,500 | 66,300 | -66,000 | 47,900 |
| Cash and cash equivalents at beginning of period | 386,000 | 319,700 | 385,700 | 337,800 |
| Cash and cash equivalents at end of period | 355,500 | 386,000 | 319,700 | 385,700 |
Lemonade, Inc. (LMND)
Lemonade, Inc. (LMND)