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Root vs Lemonade: ROOT and LMND compared
Root is the larger company: $381M of revenue in its latest quarter (Q3 2026) against $336M for Lemonade (Q3 2026). Lemonade is growing faster (+73% against -2% a year earlier). Root is more profitable, with an operating margin of 4.8% against -12.9%.
Where the money goes: ROOT and LMND
Root (ROOT) · Q3 2026
Root, Q3 2026: revenue $381M (-2% year over year), operating margin 4.8%, net earnings $14.4M, operating cash flow $47.3M. The chart follows the revenue to costs, profit and cash.
Lemonade (LMND) · Q3 2026
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.
| Root (ROOT) | Lemonade (LMND) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $381M | $336M |
| Revenue growth, Y/Y | -2% | +73% |
| Operating margin | 4.8% | -12.9% |
| Net earnings | $14.4M | −$43.7M |
| Net margin | 3.8% | -13.0% |
| Operating cash flow | $47.3M | $7.3M |
| Free cash flow | — | $1.9M |
| Market value | $729M | — |
| P/E | 9.1× | — |
| Analysts’ mean target | $57.00 | — |
Questions
Which is bigger, Root or Lemonade?
Root is the larger company: $381M of revenue in its latest quarter (Q3 2026) against $336M for Lemonade (Q3 2026).
Is Root or Lemonade growing faster?
Lemonade is growing faster (+73% against -2% a year earlier).
Which is more profitable, Root or Lemonade?
Root is more profitable, with an operating margin of 4.8% against -12.9%.
More: Root earnings · how Root makes money · Lemonade earnings · how Lemonade makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.