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CONSOLIDATED STATEMENTS OF CHANGES IN CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY (DEFICIT) - USD ($)
$ in Millions
Total
Series C Preferred Stock
Series D Preferred Stock
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, net of issuance costs (in shares)   3,622 7,107,930        
Issuance of preferred stock, net of issuance costs     $ 299.4        
Ending balance (shares) at Dec. 31, 2019 31,557,107 8,703,846 7,107,930        
Ending balance at Dec. 31, 2019 $ 480.2 $ 119.8 $ 299.4        
Beginning balance (in 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]              
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 (in 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 (in shares) at Dec. 31, 2019       11,271,228      
Ending balance at Dec. 31, 2019 $ (182.5)     $ 0.0 15.7 (198.3) 0.1
Convertible Preferred Stock              
Conversion of Convertible Preferred Stock to common stock upon closing of initial public offering (in 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            
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 (in shares)       12,650,000      
Issuance of common stock upon closing of Follow-on Offering, net of underwriting discounts and commissions and offering costs of $22.8 million 338.0       338.0    
Contribution to the Lemonade Foundation (in 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 (in shares)       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 (in shares) at Dec. 31, 2020 56,774,294     56,774,294      
Ending balance at Dec. 31, 2020 $ 541.0     $ 0.0 859.8 (320.6) 1.8
Ending balance (shares) at Dec. 31, 2021 0            
Ending balance at Dec. 31, 2021 $ 0.0            
Increase (Decrease) in Stockholders' Deficit [Roll Forward]              
Issuance of common stock upon closing of initial public offering (in shares)       4,018,647      
Issuance of common stock upon closing of Follow-on Offering, net of underwriting discounts and commissions and offering costs of $22.8 million $ 640.3       640.3    
Exercise of stock options (in shares) 848,992     868,055      
Exercise of stock options $ 9.3       9.3    
Stock-based compensation 44.1       44.1    
Net loss (241.3)         (241.3)  
Other comprehensive income $ (5.2)           (5.2)
Ending balance (in shares) at Dec. 31, 2021 61,660,996     61,660,996      
Ending balance at Dec. 31, 2021 $ 988.2     $ 0.0 $ 1,553.5 $ (561.9) $ (3.4)