Share price$44.44
1D-3.6%
Sold putSold callAH
Lemonade, Inc. LMND
FINANCIAL SERVICES · INSURANCE - PROPERTY & CASUALTYOptions history
Table
| Date | IV |
|---|---|
| 74.99% | |
| 75.94% | |
| 66.72% | |
| 66.48% | |
| 58.09% | |
| 57.70% | |
| 54.29% | |
| 56.41% | |
| 54.92% | |
| 51.79% | |
| 57.99% | |
| 53.90% | |
| 52.81% | |
| 55.23% | |
| 53.63% | |
| 55.90% | |
| 53.55% | |
| 52.09% | |
| 51.21% | |
| 47.24% | |
| 52.01% | |
| 51.78% | |
| 50.63% | |
| 50.41% | |
| 48.82% | |
| 60.28% | |
| 57.83% | |
| 62.89% | |
| 55.16% | |
| 60.31% | |
| 57.76% | |
| 53.71% | |
| 56.13% | |
| 49.22% | |
| 53.58% | |
| 55.93% | |
| 64.95% | |
| 56.40% | |
| 55.01% | |
| 56.77% | |
| 58.65% | |
| 56.81% | |
| 54.20% | |
| 55.12% | |
| 58.39% | |
| 58.13% | |
| 56.14% | |
| 59.56% | |
| 61.74% | |
| 62.82% | |
| 66.12% | |
| 73.13% | |
| 72.94% | |
| 74.76% | |
| 73.37% | |
| 70.54% | |
| 73.97% | |
| 76.86% | |
| 82.35% | |
| 88.09% | |
| 90.32% | |
| 106.62% | |
| 93.45% |
Company coverage
Moat
NarrowLemonade's claimed moat rests on proprietary AI claims processing that reduces costs and improves accuracy by ~30%. However, this technological advantage faces erosion as major incumbent insurers aggressively adopt AI. Switching costs are relatively…
Physical assets
MinimalPure software/platform company with no significant physical manufacturing, real estate, or tangible infrastructure. Asset-light is a strategic advantage operationally but provides no physical defensibility.
Software / hardware
Software100%
Hardware0%
Growth. AI claims processing cost advantage drives EBITDA profitability by Q4 2026 as car, home, pet, and life insurance lines compound 30% IFP growth. Primary assets. AI insurance underwriting platform, car/home/pet/life insurance licenses, mobile…
- manual · sw-hw
Growth. AI claims processing cost advantage drives EBITDA profitability by Q4 2026 as car, home, pet, and life insurance lines compound 30% IFP growth. Primary assets. AI insurance underwriting platform, car/home/pet/life insuran…
- manual · physical-assets
Pure software/platform company with no significant physical manufacturing, real estate, or tangible infrastructure. Asset-light is a strategic advantage operationally but provides no physical defensibility.
- manual · moat
Lemonade's claimed moat rests on proprietary AI claims processing that reduces costs and improves accuracy by ~30%. However, this technological advantage faces erosion as major incumbent insurers aggressively adopt AI. Switching…
| Action | Type | Relative size |
|---|---|---|
| SELL | Equity | +100% |
| SELL | Equity | +76% |
| SELL | Equity | +19% |
| SELL | Equity | +12% |
| SELL | Equity | +0% |
| SELL | Equity | +5% |
| SELL | Equity | +1% |
| SELL | Equity | +43% |
| SELL | Equity | +11% |
| SELL | Equity | +0% |
| SELL | Equity | +6% |
| SELL | Equity | +2% |
| BUY | Equity | +11% |
| BUY | Equity | +1% |
| BUY | Equity | +22% |
| BUY | Equity | +1% |
| BUY | Equity | +11% |
| BUY | Equity | +8% |
| BUY | Equity | +8% |
| BUY | Equity | +8% |
| BUY | Equity | +11% |
| BUY | Equity | +11% |
| BUY | Equity | +22% |
| BUY | Equity | +11% |
Notes
Full portfolio moat / asset analysis
Lemonade's claimed moat rests on proprietary AI claims processing that reduces costs and improves accuracy by ~30%. However, this technological advantage faces erosion as major incumbent insurers aggressively adopt AI. Switching costs are relatively low — customers can easily change policies annually. The mobile-first UX appeals to millennial/Gen-Z demograp…
Full portfolio moat / asset analysis
The company is targeting adjusted EBITDA profitability by Q4 2026 with 30% IFP CAGR. But Lemonade lacks the massive policyholder base and data advantage of traditional insurers.