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Lemonade (LMND) R&D spending by quarter

Lemonade's R&D spending was $29.2M in Q3 2026 (third quarter 2026), -3% from Q2 2026. Over the last 7 quarters it ranged from $22.0M (Q1 2025) to $30.0M (Q2 2026).

Lemonade R&D spending by quarterLemonade R&D spending by quarter$22.0MQ1 2025$22.4MQ2 2025$24.7MQ3 2025$24.8MQ4 2025$26.9MQ1 2026$30.0MQ2 2026$29.2MQ3 2026
QuarterR&D spendingQ/QY/Y
Q3 2026$29.2M-3%+18%
Q2 2026$30.0M+12%+34%
Q1 2026$26.9M+8%+22%
Q4 2025$24.8M+0.4%—
Q3 2025$24.7M+10%—
Q2 2025$22.4M+2%—
Q1 2025$22.0M——

Q3 2026 at a glance

Lemonade, Q3 2026: revenue $336M (+73% year over year), operating margin -12.9%, net loss $43.7M, operating cash flow $7.3M. The chart follows the revenue to costs, profit and cash.

Questions

What is Lemonade's R&D spending?

Lemonade's R&D spending was $29.2M in Q3 2026 (third quarter 2026), -3% from Q2 2026.

How has Lemonade's R&D spending changed?

Over the last 7 quarters it ranged from $22.0M (Q1 2025) to $30.0M (Q2 2026).

Q3 2026 results → · How Lemonade makes money →