Lemonade (LMND) risk factors

Item 1A of every Lemonade, Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

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FY2025 10-K risk factors
71 risks12 new20 dropped26 reworded
Filed Feb 25, 2026
FY2024 10-K risk factors
79 risks
Lemonade faces heavy losses, with an accumulated deficit of $1,298.8 million as of December 31, 2024. Growth depends on customer acquisition, retention, and expanding average premium per user. Operations rely heavily on proprietary artificial intelligence algorithms for pricing and claims processing. Geographic concentration in California, New York, and Texas exposes the company to regional catastrophe risks.
Filed Feb 26, 2025