Added to YB: 2026-05-26
Pitch date: 2026-03-17
LMND [bullish]
Lemonade, Inc.
-18.59%
current return
Author Info
No bio for this author
Company Info
Lemonade, Inc. provides various insurance products in the United States, Europe, Louisiana, and the United Kingdom.
Market Cap
$4.3B
Pitch Price
$66.29
Price Target
N/A
Dividend
N/A
EV/EBITDA
-48.63
P/E
-30.43
EV/Sales
4.93
Sector
Insurance
Category
growth
Lemonade, Inc. - $LMND
LMND: Insurtech scaling to $10B IFP by 2033 at 30% CAGR. Q4'25 gross loss ratio 52% (vs 70% target), LAE 6% (vs 9% industry), ~2.3K customers/employee (vs 300-600 incumbents). LTV/CAC >3x sustained. Guided EBITDA+ Q4'26, NI+ FY27. Tech/AI/data moat drives structural cost edge. Bull: 20-25% EBITDA margins at scale, 10-15x EV/EBITDA = material upside. Bear: 30% growth ambitious, incumbents digitizing, cat/reg risk.
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