Added to YB: 2026-05-06
Pitch date: 2026-05-02
LMND [neutral]
Lemonade, Inc.
+7.2%
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, Louisiana, and the United Kingdom.
Market Cap
$4.3B
Pitch Price
$56.66
Price Target
N/A
Dividend
N/A
EV/EBITDA
-48.63
P/E
-30.43
EV/Sales
4.93
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)