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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 (Loss)
Beginning balance (in shares) at Dec. 31, 2019 31,557,107        
Beginning balance at Dec. 31, 2019 $ 480.2        
Increase (Decrease) in Temporary Equity [Roll Forward]          
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 (in shares) at Dec. 31, 2020 0        
Ending balance at Dec. 31, 2020 $ 0.0        
Beginning balance (in shares) at Dec. 31, 2019   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]          
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   480.2    
Issuance of common stock (in shares)   12,650,000      
Issuance of common stock 338.0   338.0    
Contribution to the Lemonade Foundation (in shares)   500,000      
Contribution to the Lemonade Foundation 12.2   12.2    
Release of shares upon repayment (in shares)   513,537      
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 (loss) 1.7       1.7
Ending balance (in shares) at Dec. 31, 2020   56,774,294      
Ending balance at Dec. 31, 2020 $ 541.0 $ 0.0 859.8 (320.6) 1.8
Ending balance (in 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 (in shares)   4,018,647      
Issuance of common stock 640.3   640.3    
Exercise of stock options (in shares)   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 (loss) $ (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)
Ending balance (in shares) at Dec. 31, 2022 0        
Ending balance at Dec. 31, 2022 $ 0.0        
Increase (Decrease) in Stockholders' Deficit [Roll Forward]          
Issuance of common stock from acquisition of Metromile (Note 5) (in shares)   6,901,934      
Issuance of common stock from acquisition of Metromile (Note 5) $ 137.7   137.7    
Exercise of stock options (in shares) 448,368 712,100      
Exercise of stock options $ 3.6   3.6    
Stock-based compensation 59.3   59.3    
Net loss (297.8)     (297.8)  
Other comprehensive income (loss) $ (24.2)       (24.2)
Ending balance (in shares) at Dec. 31, 2022 69,275,030 69,275,030      
Ending balance at Dec. 31, 2022 $ 866.8 $ 0.0 $ 1,754.1 $ (859.7) $ (27.6)