Lemonade annual net debt
2021
2022
2023
2024
2025
Lemonade Net Debt Growth & History (LMND)
Lemonade's net debt was −$361.0M for fiscal 2025.
View full Lemonade company overviewLemonade annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | −$361.0M | −$8.8M | — |
| 2024 | 2024-12-31 | −$352.2M | −$115.9M | — |
| 2023 | 2023-12-31 | −$236.3M | $11.0M | — |
| 2022 | 2022-12-31 | −$247.3M | $1.0M | — |
| 2021 | 2021-12-31 | −$248.3M | — | — |
Lemonade quarterly net debt
Q4.21
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$347.6M | $9.7M | — |
| Q1 2026 | 2026-03-31 | −$353.5M | −$66.1M | — |
| Q4 2025 | 2025-12-31 | −$361.0M | −$8.8M | — |
| Q3 2025 | 2025-09-30 | −$333.2M | −$24.8M | — |
| Q2 2025 | 2025-06-30 | −$357.3M | −$37.5M | — |
| Q1 2025 | 2025-03-31 | −$287.4M | −$34.6M | — |
| Q4 2024 | 2024-12-31 | −$352.2M | −$115.9M | — |
| Q3 2024 | 2024-09-30 | −$308.4M | −$106.4M | — |
| Q2 2024 | 2024-06-30 | −$319.8M | −$162.9M | — |
| Q1 2024 | 2024-03-31 | −$252.8M | −$36.3M | — |
| Q4 2023 | 2023-12-31 | −$236.3M | $11.0M | — |
| Q3 2023 | 2023-09-30 | −$202.0M | −$16.6M | — |
| Q2 2023 | 2023-06-30 | −$156.9M | $20.8M | — |
| Q1 2023 | 2023-03-31 | −$216.5M | — | — |
| Q4 2022 | 2022-12-31 | −$247.3M | $1.0M | — |
| Q3 2022 | 2022-09-30 | −$185.4M | — | — |
| Q2 2022 | 2022-06-30 | −$177.7M | — | — |
| Q4 2021 | 2021-12-31 | −$248.3M | — | — |
Lemonade net debt trends
Between the periods ended 2021-12-31 and 2025-12-31, Lemonade's net debt decreased from −$248.3M to −$361.0M, a change of −$112.7M. The latest reported quarter, Q2 2026, shows −$347.6M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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