NYSE$LMND
Lemonade Inc. · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Lemonade's Q4 2021 performance highlighted by revenue growth and strategic advancements.
Lemonade reported a strong Q4 2021 with a 100% increase in revenue compared to Q4 2020. The company expanded its product offerings and customer base, while also making strides in technology and strategic acquisitions. Despite the growth, the company experienced a higher gross loss ratio and a net loss for the quarter.
- Revenue increased by 100% compared to Q4 2020.
- Customer count increased by 43% compared to Q4 2020.
- Gross loss ratio was 96%, up from 73% a year ago.
- Lemonade Car saw a strong start in Illinois, with about 3/4 of customers bundling it with another policy.
Headline financials
Revenue & EPS history
Lemonade · Revenue · Quarterly
$41M
Forward guidance
Lemonade provided guidance for Q1 2022, excluding the impact of the Metromile acquisition. They anticipate continued growth in in force premium, gross earned premium and revenue. The company also expects an adjusted EBITDA loss and provides estimates for stock-based compensation and capital expenditures.
Tailwinds
- In force premium at March 31 of $405 - $410 million
- Gross earned premium of $92 - $94 million
- Revenue of $41 - $43 million
Headwinds
- Adjusted EBITDA loss of $(70) - $(65) million
- Stock-based compensation expense of approximately $20 million
- Capital expenditures of approximately $2 million
- Full reconciliation of adjusted EBITDA guidance to net loss cannot be provided without unreasonable efforts
- Guidance excludes the impact of Metromile transaction
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2021
+0.8%
Avg return
Earnings day
+3.7%
Avg return
5 days after
+10.5%
Avg return
30 days after
44%
11 / 25 earnings
Positive
+57.5%
Q3 2023
Best reaction
-25.2%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.7% | -13.6% | -11.5% | |
| Q4 2025 | -6.1% | -20.6% | -2.4% | |
| Q3 2025 | +34.3% | +34.5% | +34.6% | |
| Q1 2025 | +0.8% | +3.6% | +19.2% | |
| Q4 2024 | +12.6% | +18.5% | +3.1% | |
| Q3 2024 | +28.8% | +33.6% | +176.3% | |
| Q2 2024 | -23.6% | -26.6% | -18.1% | |
| Q1 2024 | +3.0% | +4.1% | -4.2% | |
| Q4 2023 | -25.2% | -20.6% | -24.4% | |
| Q3 2023 | +57.5% | +53.1% | +66.4% | |
| Q2 2023 | -22.4% | -26.8% | -36.3% | |
| Q1 2023 | +32.0% | +47.8% | +64.1% | |
| Q4 2022 | -2.9% | -0.7% | -21.1% | |
| Q3 2022 | +11.2% | +13.7% | -7.3% | |
| Q2 2022 | +14.1% | +27.5% | -3.2% | |
| Q1 2022 | -6.7% | +13.7% | +3.5% | |
| Q4 2021 | +2.3% | +5.8% | +12.7% | |
| Q3 2021 | -10.8% | -9.3% | -34.0% | |
| Q2 2021 | -10.0% | -7.6% | -14.0% | |
| Q1 2021 | -12.4% | -1.9% | +43.8% | |
| Q1 2020 | -12.4% | -1.9% | +43.8% | |
| Q4 2020 | -22.2% | -29.8% | -27.8% | |
| Q3 2020 | -15.0% | -1.0% | +38.9% | |
| Q2 2020 | -5.6% | -2.0% | -20.1% | |
| Q4 2019 | -5.6% | -2.0% | -20.1% | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q4 2018 | — | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — |
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