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CONSOLIDATED STATEMENTS OF CHANGES IN CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)
$ in Millions
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Accumulated Other Comprehensive Income
Series C Preferred Stock
Series D Preferred Stock
Total
Beginning balance (shares) at Dec. 31, 2017             15,671,730
Beginning balance at Dec. 31, 2017             $ 60.4
Convertible Preferred Stock              
Issuance of preferred stock (shares)         8,700,224    
Issuance of preferred stock, net of issuance costs         $ 119.8    
Exercise of Series A Preferred stock warrants (shares)             73,601
Exercise of Series A Preferred stock warrants             $ 0.6
Ending balance (shares) at Dec. 31, 2018             24,445,555
Ending balance at Dec. 31, 2018             $ 180.8
Beginning balance (shares) at Dec. 31, 2017 10,887,059            
Beginning balance at Dec. 31, 2017 $ 0.0 $ 8.5 $ (36.9) $ 0.0     (28.4)
Increase (Decrease) in Stockholders' Deficit [Roll Forward]              
Repayment of partial recourse loan and release of shares upon repayment (shares) 62,500            
Repayment of partial recourse loan and release of shares upon repayment   0.1         0.1
Exercise of stock options (shares) 34,125            
Stock-based compensation   2.1         2.1
Net loss     (52.9)       (52.9)
Ending balance (shares) at Dec. 31, 2018 10,983,684            
Ending balance at Dec. 31, 2018 $ 0.0 10.7 (89.8) 0.0     $ (79.1)
Convertible Preferred Stock              
Issuance of preferred stock (shares)         3,622 7,107,930  
Issuance of preferred stock, net of issuance costs         $ 0.0 $ 299.4  
Ending balance (shares) at Dec. 31, 2019         8,703,846 7,107,930 31,557,107
Ending balance at Dec. 31, 2019         $ 119.8 $ 299.4 $ 480.2
Increase (Decrease) in Stockholders' Deficit [Roll Forward]              
Repayment of partial recourse loan and release of shares upon repayment (shares) 105,487            
Repayment of partial recourse loan and release of shares upon repayment   0.2         0.2
Exercise of stock options (shares) 182,057            
Exercise of stock options   0.5         0.5
Stock-based compensation   4.3         4.3
Net loss     (108.5)       (108.5)
Other comprehensive income       0.1     $ 0.1
Ending balance (shares) at Dec. 31, 2019 11,271,228           11,271,228
Ending balance at Dec. 31, 2019 $ 0.0 15.7 (198.3) 0.1     $ (182.5)
Ending balance (shares) at Mar. 31, 2020             31,557,107
Ending balance at Mar. 31, 2020             $ 480.2
Increase (Decrease) in Stockholders' Deficit [Roll Forward]              
Contribution to the Lemonade Foundation (shares) 500,000            
Contribution to the Lemonade Foundation   12.2         12.2
Exercise of stock options (shares) 54,374            
Stock-based compensation   2.2         2.2
Net loss     (36.5)       (36.5)
Ending balance (shares) at Mar. 31, 2020 11,825,602            
Ending balance at Mar. 31, 2020 $ 0.0 30.1 (234.8) 0.1     $ (204.6)
Beginning balance (shares) at Dec. 31, 2019         8,703,846 7,107,930 31,557,107
Beginning balance at Dec. 31, 2019         $ 119.8 $ 299.4 $ 480.2
Ending balance (shares) at Sep. 30, 2020             0
Ending balance at Sep. 30, 2020             $ 0.0
Beginning balance (shares) at Dec. 31, 2019 11,271,228           11,271,228
Beginning balance at Dec. 31, 2019 $ 0.0 15.7 (198.3) 0.1     $ (182.5)
Increase (Decrease) in Stockholders' Deficit [Roll Forward]              
Net loss             (88.4)
Ending balance (shares) at Sep. 30, 2020 56,584,029            
Ending balance at Sep. 30, 2020 $ 0.0 855.0 (286.7) 0.7     $ 569.0
Beginning balance (shares) at Dec. 31, 2019         8,703,846 7,107,930 31,557,107
Beginning balance at Dec. 31, 2019         $ 119.8 $ 299.4 $ 480.2
Convertible Preferred Stock              
Conversion of Convertible Preferred Stock to common stock upon closing of initial public offering (shares)             (31,557,107)
Conversion of Convertible Preferred Stock to common stock upon closing of initial public offering             $ (480.2)
Ending balance (shares) at Dec. 31, 2020             0
Ending balance at Dec. 31, 2020             $ 0.0
Beginning balance (shares) at Dec. 31, 2019 11,271,228           11,271,228
Beginning balance at Dec. 31, 2019 $ 0.0 15.7 (198.3) 0.1     $ (182.5)
Increase (Decrease) in Stockholders' Deficit [Roll Forward]              
Conversion of convertible preferred stock to common stock upon closing of initial public offering (shares) 31,557,107            
Conversion of convertible preferred stock to common stock upon closing of initial public offering   480.2         480.2
Issuance of common stock upon closing of initial public offering (shares) 12,650,000            
Issuance of common stock upon closing of initial public offering, net of issuance costs and underwriting fees of $31.3 million   338.0         338.0
Contribution to the Lemonade Foundation (shares) 500,000            
Contribution to the Lemonade Foundation   12.2         12.2
Repayment of partial recourse loan and release of shares upon repayment (shares) 513,537            
Repayment of partial recourse loan and release of shares upon repayment   1.3         $ 1.3
Exercise of stock options (shares) 282,422           282,422
Exercise of stock options   1.8         $ 1.8
Stock-based compensation   10.6         10.6
Net loss     (122.3)       (122.3)
Other comprehensive income       1.7     $ 1.7
Ending balance (shares) at Dec. 31, 2020 56,774,294           56,774,294
Ending balance at Dec. 31, 2020 $ 0.0 859.8 (320.6) 1.8     $ 541.0
Beginning balance (shares) at Mar. 31, 2020             31,557,107
Beginning balance at Mar. 31, 2020             $ 480.2
Ending balance (shares) at Jun. 30, 2020             31,557,107
Ending balance at Jun. 30, 2020             $ 480.2
Beginning balance (shares) at Mar. 31, 2020 11,825,602            
Beginning balance at Mar. 31, 2020 $ 0.0 30.1 (234.8) 0.1     (204.6)
Increase (Decrease) in Stockholders' Deficit [Roll Forward]              
Exercise of stock options (shares) 30,562            
Exercise of stock options   0.1         0.1
Stock-based compensation   2.4         2.4
Net loss     (21.0)       (21.0)
Other comprehensive income       0.2     0.2
Ending balance (shares) at Jun. 30, 2020 12,369,701            
Ending balance at Jun. 30, 2020 $ 0.0 33.9 (255.8) 0.3     $ (221.6)
Convertible Preferred Stock              
Conversion of Convertible Preferred Stock to common stock upon closing of initial public offering (shares)             (31,557,107)
Conversion of Convertible Preferred Stock to common stock upon closing of initial public offering             $ (480.2)
Ending balance (shares) at Sep. 30, 2020             0
Ending balance at Sep. 30, 2020             $ 0.0
Increase (Decrease) in Stockholders' Deficit [Roll Forward]              
Conversion of convertible preferred stock to common stock upon closing of initial public offering (shares) 31,557,107            
Conversion of convertible preferred stock to common stock upon closing of initial public offering   480.2         480.2
Issuance of common stock upon closing of initial public offering (shares) 12,650,000            
Issuance of common stock upon closing of initial public offering, net of issuance costs and underwriting fees of $31.3 million   338.0         338.0
Exercise of stock options (shares) 7,221            
Exercise of stock options   0.2         0.2
Stock-based compensation   2.7         2.7
Net loss     (30.9)       (30.9)
Other comprehensive income       0.4     0.4
Ending balance (shares) at Sep. 30, 2020 56,584,029            
Ending balance at Sep. 30, 2020 $ 0.0 855.0 (286.7) 0.7     $ 569.0
Beginning balance (shares) at Dec. 31, 2020             0
Beginning balance at Dec. 31, 2020             $ 0.0
Ending balance (shares) at Mar. 31, 2021             0
Ending balance at Mar. 31, 2021             $ 0.0
Beginning balance (shares) at Dec. 31, 2020 56,774,294           56,774,294
Beginning balance at Dec. 31, 2020 $ 0.0 859.8 (320.6) 1.8     $ 541.0
Increase (Decrease) in Stockholders' Deficit [Roll Forward]              
Issuance of common stock upon closing of initial public offering (shares) 4,018,647            
Issuance of common stock upon closing of initial public offering, net of issuance costs and underwriting fees of $31.3 million   640.3         640.3
Exercise of stock options (shares) 577,162            
Exercise of stock options   6.1         6.1
Stock-based compensation   6.1         6.1
Net loss     (49.0)       (49.0)
Other comprehensive income       (0.8)     (0.8)
Ending balance (shares) at Mar. 31, 2021 61,370,103            
Ending balance at Mar. 31, 2021 $ 0.0 1,512.3 (369.6) 1.0     $ 1,143.7
Beginning balance (shares) at Dec. 31, 2020             0
Beginning balance at Dec. 31, 2020             $ 0.0
Ending balance (shares) at Sep. 30, 2021             0
Ending balance at Sep. 30, 2021             $ 0.0
Beginning balance (shares) at Dec. 31, 2020 56,774,294           56,774,294
Beginning balance at Dec. 31, 2020 $ 0.0 859.8 (320.6) 1.8     $ 541.0
Increase (Decrease) in Stockholders' Deficit [Roll Forward]              
Exercise of stock options (shares)             810,575
Net loss             $ (171.0)
Ending balance (shares) at Sep. 30, 2021 61,615,624           61,615,624
Ending balance at Sep. 30, 2021 $ 0.0 1,539.5 (491.6) 0.1     $ 1,048.0
Beginning balance (shares) at Mar. 31, 2021             0
Beginning balance at Mar. 31, 2021             $ 0.0
Ending balance (shares) at Jun. 30, 2021             0
Ending balance at Jun. 30, 2021             $ 0.0
Beginning balance (shares) at Mar. 31, 2021 61,370,103            
Beginning balance at Mar. 31, 2021 $ 0.0 1,512.3 (369.6) 1.0     1,143.7
Increase (Decrease) in Stockholders' Deficit [Roll Forward]              
Exercise of stock options (shares) 162,024            
Exercise of stock options   1.7         1.7
Stock-based compensation   11.9         11.9
Net loss     (55.6)       (55.6)
Other comprehensive income       (0.1)     (0.1)
Ending balance (shares) at Jun. 30, 2021 61,532,127            
Ending balance at Jun. 30, 2021 $ 0.0 1,525.9 (425.2) 0.9     $ 1,101.6
Ending balance (shares) at Sep. 30, 2021             0
Ending balance at Sep. 30, 2021             $ 0.0
Increase (Decrease) in Stockholders' Deficit [Roll Forward]              
Exercise of stock options (shares) 83,497            
Exercise of stock options   0.9         0.9
Stock-based compensation   12.7         12.7
Net loss     (66.4)       (66.4)
Other comprehensive income       (0.8)     $ (0.8)
Ending balance (shares) at Sep. 30, 2021 61,615,624           61,615,624
Ending balance at Sep. 30, 2021 $ 0.0 $ 1,539.5 $ (491.6) $ 0.1     $ 1,048.0