Lemonade annual r&d spending
2018
2019
2020
2021
2022
2023
2024
2025
Lemonade R&D Spending Growth & History (LMND)
Lemonade's r&d spending was $93.9M for fiscal 2025.
View full Lemonade company overviewLemonade annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $93.9M | $8.1M | +9.44% |
| 2024 | 2024-12-31 | $85.8M | −$3.0M | −3.38% |
| 2023 | 2023-12-31 | $88.8M | $9.2M | +11.56% |
| 2022 | 2022-12-31 | $79.6M | $27.8M | +53.67% |
| 2021 | 2021-12-31 | $51.8M | $32.4M | +167.01% |
| 2020 | 2020-12-31 | $19.4M | $9.6M | +97.96% |
| 2019 | 2019-12-31 | $9.8M | $5.1M | +108.51% |
| 2018 | 2018-12-31 | $4.7M | — | — |
Lemonade quarterly r&d spending
Q2.19
Q3.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
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 | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $30.0M | $7.6M | +33.93% |
| Q1 2026 | 2026-03-31 | $26.9M | $4.9M | +22.27% |
| Q4 2025 | 2025-12-31 | $24.8M | $3.0M | +13.76% |
| Q3 2025 | 2025-09-30 | $24.7M | $2.8M | +12.79% |
| Q2 2025 | 2025-06-30 | $22.4M | $1.2M | +5.66% |
| Q1 2025 | 2025-03-31 | $22.0M | $1.1M | +5.26% |
| Q4 2024 | 2024-12-31 | $21.8M | $700,000 | +3.32% |
| Q3 2024 | 2024-09-30 | $21.9M | $100,000 | +0.46% |
| Q2 2024 | 2024-06-30 | $21.2M | −$2.9M | −12.03% |
| Q1 2024 | 2024-03-31 | $20.9M | −$900,000 | −4.13% |
| Q4 2023 | 2023-12-31 | $21.1M | −$2.4M | −10.21% |
| Q3 2023 | 2023-09-30 | $21.8M | $400,000 | +1.87% |
| Q2 2023 | 2023-06-30 | $24.1M | $6.3M | +35.39% |
| Q1 2023 | 2023-03-31 | $21.8M | $4.9M | +28.99% |
| Q4 2022 | 2022-12-31 | $23.5M | $7.1M | +43.29% |
| Q3 2022 | 2022-09-30 | $21.4M | $7.1M | +49.65% |
| Q2 2022 | 2022-06-30 | $17.8M | $3.8M | +27.14% |
| Q1 2022 | 2022-03-31 | $16.9M | $9.8M | +138.03% |
| Q4 2021 | 2021-12-31 | $16.4M | $10.0M | +156.25% |
| Q3 2021 | 2021-09-30 | $14.3M | $9.0M | +169.81% |
| Q2 2021 | 2021-06-30 | $14.0M | $9.8M | +233.33% |
| Q1 2021 | 2021-03-31 | $7.1M | $3.6M | +102.86% |
| Q4 2020 | 2020-12-31 | $6.4M | — | — |
| Q3 2020 | 2020-09-30 | $5.3M | $2.5M | +89.29% |
| Q2 2020 | 2020-06-30 | $4.2M | $2.1M | +100.00% |
| Q1 2020 | 2020-03-31 | $3.5M | — | — |
| Q3 2019 | 2019-09-30 | $2.8M | — | — |
| Q2 2019 | 2019-06-30 | $2.1M | — | — |
Lemonade r&d spending trends
Over the last five fiscal years, Lemonade's r&d spending increased from $19.4M to $93.9M, a change of $74.5M. The latest reported quarter, Q2 2026, shows $30.0M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Lemonade source filings ↗