XML 16 R5.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY (DEFICIT) - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Accumulated Other Comprehensive Income
Beginning balance (shares) at Dec. 31, 2018 24,445,555        
Beginning balance at Dec. 31, 2018 $ 180.8        
Convertible Preferred Stock          
Issuance of preferred stock (shares) 3,622        
Ending balance (shares) at Mar. 31, 2019 24,449,177        
Ending balance at Mar. 31, 2019 $ 180.8        
Beginning balance (shares) at Dec. 31, 2018   10,983,684      
Beginning balance at Dec. 31, 2018 (79.1) $ 0.0 $ 10.7 $ (89.8) $ 0.0
Increase (Decrease) in Stockholders' Deficit [Roll Forward]          
Exercise of stock options (shares)   3,125      
Stock-based compensation 0.4   0.4    
Net loss (21.6)     (21.6)  
Other comprehensive income 0.0       0.0
Ending balance (shares) at Mar. 31, 2019   10,986,809      
Ending balance at Mar. 31, 2019 $ (100.3) $ 0.0 11.1 (111.4) 0.0
Beginning balance (shares) at Dec. 31, 2018 24,445,555        
Beginning balance at Dec. 31, 2018 $ 180.8        
Ending balance (shares) at Sep. 30, 2019 31,557,107        
Ending balance at Sep. 30, 2019 $ 480.2        
Beginning balance (shares) at Dec. 31, 2018   10,983,684      
Beginning balance at Dec. 31, 2018 (79.1) $ 0.0 10.7 (89.8) 0.0
Increase (Decrease) in Stockholders' Deficit [Roll Forward]          
Net loss (75.8)        
Ending balance (shares) at Sep. 30, 2019   11,263,261      
Ending balance at Sep. 30, 2019 $ (152.2) $ 0.0 13.5 (165.6) (0.1)
Beginning balance (shares) at Mar. 31, 2019 24,449,177        
Beginning balance at Mar. 31, 2019 $ 180.8        
Convertible Preferred Stock          
Issuance of preferred stock (shares) 4,146,294        
Issuance of preferred stock, net of issuance costs $ 174.4        
Ending balance (shares) at Jun. 30, 2019 28,595,471,000,000        
Ending balance at Jun. 30, 2019 $ 355.2        
Beginning balance (shares) at Mar. 31, 2019   10,986,809      
Beginning balance at Mar. 31, 2019 (100.3) $ 0.0 11.1 (111.4) 0.0
Increase (Decrease) in Stockholders' Deficit [Roll Forward]          
Exercise of stock options (shares)   97,625      
Exercise of stock options 0.3   0.3    
Stock-based compensation 0.4   0.4    
Net loss (23.1)     (23.1)  
Other comprehensive income 0.0       0.0
Ending balance (shares) at Jun. 30, 2019   11,084,434      
Ending balance at Jun. 30, 2019 $ (122.7) $ 0.0 11.8 (134.5) 0.0
Convertible Preferred Stock          
Issuance of preferred stock (shares) 2,961,636        
Issuance of preferred stock, net of issuance costs $ 125.0        
Ending balance (shares) at Sep. 30, 2019 31,557,107        
Ending balance at Sep. 30, 2019 $ 480.2        
Increase (Decrease) in Stockholders' Deficit [Roll Forward]          
Exercise of stock options (shares)   73,340      
Exercise of stock options 0.1   0.1    
Release of shares upon repayment of partial recourse loan (shares)   105,487      
Release of shares upon repayment of partial recourse loan 0.1   0.1    
Stock-based compensation 1.5   1.5    
Net loss (31.1)     (31.1)  
Other comprehensive income (0.1)       (0.1)
Ending balance (shares) at Sep. 30, 2019   11,263,261      
Ending balance at Sep. 30, 2019 $ (152.2) $ 0.0 13.5 (165.6) (0.1)
Beginning balance (shares) at Dec. 31, 2019 31,557,107        
Beginning balance at Dec. 31, 2019 $ 480.2        
Ending balance (shares) at Mar. 31, 2020 31,557,107        
Ending balance at Mar. 31, 2020 $ 480.2        
Beginning balance (shares) at Dec. 31, 2019 11,271,228 11,271,228      
Beginning balance at Dec. 31, 2019 $ (182.5) $ 0.0 15.7 (198.3) 0.1
Increase (Decrease) in Stockholders' Deficit [Roll Forward]          
Exercise of stock options (shares)   54,374      
Stock-based compensation 2.2   2.2    
Contribution to the Lemonade Foundation (shares)   500,000      
Contribution to the Lemonade Foundation 12.2   12.2    
Net loss (36.5)     (36.5)  
Other comprehensive income 0.0       0.0
Ending balance (shares) at Mar. 31, 2020   11,825,602      
Ending balance at Mar. 31, 2020 $ (204.6) $ 0.0 30.1 (234.8) 0.1
Beginning balance (shares) at Dec. 31, 2019 31,557,107        
Beginning balance at Dec. 31, 2019 $ 480.2        
Convertible Preferred Stock          
Conversion of Convertible Preferred Stock to common stock upon closing of initial public offering (shares) (31,557,107)        
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 $ (182.5) $ 0.0 15.7 (198.3) 0.1
Increase (Decrease) in Stockholders' Deficit [Roll Forward]          
Exercise of stock options (shares) 92,157        
Net loss $ (88.4)        
Ending balance (shares) at Sep. 30, 2020 56,584,029 56,584,029      
Ending balance at Sep. 30, 2020 $ 569.0 $ 0.0 855.0 (286.7) 0.7
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 (204.6) $ 0.0 30.1 (234.8) 0.1
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    
Release of shares upon repayment (shares)   513,537      
Release of shares upon repayment 1.3   1.3    
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 $ (221.6) $ 0.0 33.9 (255.8) 0.3
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 $28.9 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 56,584,029      
Ending balance at Sep. 30, 2020 $ 569.0 $ 0.0 $ 855.0 $ (286.7) $ 0.7