Quick Answer
Lemonade, Inc. reported R&D Expense of $93.90 million for fiscal year 2025.
Lemonade, Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $93.90M | +9.4% |
| 2024 | $85.80M | -3.4% |
| 2023 | $88.80M | +11.6% |
| 2022 | $79.60M | +53.7% |
| 2021 | $51.80M | +167.0% |
| 2020 | $19.40M | +98.0% |
| 2019 | $9.80M | +108.5% |
| 2018 | $4.70M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $24.70M | +12.8% | +10.3% |
| June 30, 2025 | $22.40M | +5.7% | +1.8% |
| March 31, 2025 | $22.00M | +5.3% | +0.5% |
| September 30, 2024 | $21.90M | +0.5% | +3.3% |
| June 30, 2024 | $21.20M | -12.0% | +1.4% |
| March 31, 2024 | $20.90M | -4.1% | -4.1% |
| September 30, 2023 | $21.80M | +1.9% | -9.5% |
| June 30, 2023 | $24.10M | +35.4% | +10.6% |
- Lemonade, Inc. showed an increase of +9.4% in R&D Expense compared to the prior fiscal year.
- Over the 2018–2025 period, Lemonade, Inc.’s r&d expense has grown by 1897.9% (from $4.70 million to $93.90 million).
- The most recent figure is from Lemonade, Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 25, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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