Lemonade, Inc. — Earnings Quality Grade F
LMND · Financial Services
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 275 days, change -52 days YoY
AR growth 17.8% vs revenue growth 40.2%
Revenue grew 40.2% but CFFO declined -44.7%
Expense Quality
No material inventory
CapEx growth 0.0% vs revenue 40.2%. Normal
Insufficient data
Insufficient data
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
FCF is negative ($-0.0B)
Accruals ratio = -7.7%. Low accruals
Cash $1.1B covers debt $0.2B
Balance Sheet Health
Goodwill+Intangibles $0.0B = 5% of equity. Manageable
Insufficient data
Insufficient data
No write-off data
Acquisition Risk
FCF after acquisitions negative for 3 years
Goodwill+Intangibles change -17% YoY. Normal
Manipulation Score
Insufficient data
Portfolio monitoring
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Altman Z-Score — Not Applicable
Lemonade, Inc. is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25