Added to YB: 2026-05-06
Pitch date: 2026-05-02
LMND [neutral]
Lemonade, Inc.
-2.84%
current return
Author Info
Lorenzo's 2 cents shares analyses of tech companies. Sign up for the newsletter.
Company Info
Lemonade, Inc. provides various insurance products in the United States, Europe, and the United Kingdom.
Market Cap
$4.4B
Pitch Price
$56.66
Price Target
N/A
Dividend
N/A
EV/EBITDA
-48.76
P/E
-30.51
EV/Sales
4.95
Sector
Insurance
Category
growth
Lemonade: the Vertical Ontology of Insurance
LMND (holdings update): Building vertical ontology in insurance via autonomous org design + D2C first-party data. Q1: IFP +32% (10th straight acceleration) to $1.33B, rev +71% to $258M, gross profit +159% to $100M. Loss ratio 62%, LAE 6% (industry-low). Annual dollar retention stable 85%. IFP/employee nearing ROOT despite 3-4x lower premium/customer. Q4 2026 EBITDA+ guidance confirmed. Positioned for autonomous agents/objects market. 5% US P&C/auto share = $1T co in 10yr. 3.3x since Sep '24 deep dive at $17.23. Largest position, no acute regulatory risks vs peers like HIMS.
Read full article (5 min)