Lemonade, Inc. (LMND) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: April 30, 2026

Risk Assessment Details

Potential Dilution: 4.85% of current shares
Recent Dilution: 7.85% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
76M
Potential Supply
3.7M
Additional shares possible
Splits
None
Past 2 years

Summary

LMND currently has 76.3M outstanding shares. with limited dilution risk as only 3.7M additional shares (4.9%) are authorized for issuance. The company has minimally diluted shareholders by 7.85% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 30, 2026

10-Q filing | 76.3M shares outstanding

76M 3.7M
Jan 27, 2026

8-K filing: Lemonade, Inc. issued 7,846,646 warrants with an exercise price of $218.51 in connection with the merger agreement with Metromile, Inc.

74M 3.7M
Nov 05, 2025

10-Q filing | 74.2M shares outstanding

74M 3.7M
Aug 05, 2025

10-Q filing | 73.4M shares outstanding

73M 3.7M
May 06, 2025

10-Q filing | 72.9M shares outstanding

73M 3.7M
Feb 26, 2025

10-K filing | 71.0M shares outstanding

71M 3.7M
Oct 31, 2024

10-Q filing | 71.1M shares outstanding

71M 3.7M
Jul 31, 2024

10-Q filing | 70.7M shares outstanding

71M 3.7M
May 01, 2024

10-Q filing | 70.3M shares outstanding

70M 3.7M
Feb 28, 2024

10-K filing | 69.7M shares outstanding

70M 3.7M
Nov 03, 2023

10-Q filing | 69.8M shares outstanding

70M 3.7M
Aug 04, 2023

10-Q filing | 69.5M shares outstanding

70M 3.7M
May 05, 2023

10-Q filing | 69.3M shares outstanding

69M 3.7M
Mar 03, 2023

10-K filing | 64.9M shares outstanding

65M 3.7M
Nov 30, 2022

S-3 filing: The offering price of the shares of common stock underlying the warrants offered hereby is determined by reference to the exercise price of the warrants of $218.51 per share.

67M 3.7M
Nov 09, 2022

10-Q filing | 66.9M shares outstanding

67M 3.7M
Oct 20, 2022

8-K filing: Lemonade, Inc. issued a warrant to Chewy Insurance Services, LLC to purchase up to 3,352,025 shares of common stock with an exercise price of $0.01 per share, vesting over five years subject to performance requirements.

69M 3.7M
Aug 09, 2022

10-Q filing | 68.9M shares outstanding

69M 3.7M
May 10, 2022

10-Q filing | 61.7M shares outstanding

62M 3.7M
Mar 01, 2022

10-K filing | 61.2M shares outstanding

61M 3.7M
Nov 09, 2021

10-Q filing | 61.6M shares outstanding

62M 3.7M
Aug 11, 2021

10-Q filing | 61.4M shares outstanding

61M 3.7M
May 12, 2021

10-Q filing | 60.2M shares outstanding

60M 3.7M
Mar 08, 2021

10-K filing | 61.3M shares outstanding

61M 3.7M
Nov 12, 2020

10-Q filing | 56.6M shares outstanding

57M 3.7M
Aug 12, 2020

10-Q filing | 56.6M shares outstanding

57M 3.7M
Jul 01, 2020

S-1/A filing: This S-1/A filing describes the dividend and voting rights of common stock holders, potential dilution, and Baillie Gifford's interest in purchasing up to $100 million in shares at the initial public offering price of $27.00 per share.

55M 3.7M
Jun 30, 2020

S-1/A filing: This S-1/A filing discusses dividend rights, voting rights, and the initial public offering of common stock at $24.50 per share, with entities affiliated with Baillie Gifford indicating an interest in purchasing up to $100 million in shares.

55M 4.1M
Jun 25, 2020

S-1/A filing: This S-1/A filing discusses dividend and voting rights, potential dilution, and Baillie Gifford's interest in purchasing up to $100 million in common stock at the initial public offering price of $24.50 per share.

44M 4.1M
Jun 15, 2020

S-1/A filing: This S-1/A filing relates to a proposed offering of common stock by Lemonade, Inc., with Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC acting as representatives of the underwriters.

N/A 0
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