Lemonade (LMND) r&d spend was $94M in FY2025 (+9% YoY). The tables below show the complete quarterly and annual r&d spend history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual R&D Spend
Fiscal Year
R&D Spend
YoY
2025
$94M
+9%
2024
$86M
-3%
2023
$89M
+12%
2022
$80M
+54%
2021
$52M
+167%
2020
$19M
+98%
2019
$10M
+109%
2018
$5M
Recent Quarterly R&D Spend
Quarter
R&D Spend
Q2 2026
$30M
Q1 2026
$27M
Q4 2025
$25M
Q3 2025
$25M
Q2 2025
$22M
Q1 2025
$22M
Q4 2024
$22M
Q3 2024
$22M
Q2 2024
$21M
Q1 2024
$21M
Q4 2023
$21M
Q3 2023
$22M
Source: LMND on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.