Lemonade posts $336 million Q3 revenue, narrows loss
Key points
- Lemonade (NYSE:LMND) reported third-quarter 2026 revenue of $336.1 million, up from $194.5 million a year earlier, and a GAAP loss of $0.56 per share.
- The quarterly loss was narrower than the expected $0.58 per share, while revenue exceeded the $322.5 million consensus estimate.
- Lemonade forecasts fourth-quarter revenue of $342 million–$346 million and adjusted EBITDA of $5 million–$9 million, potentially marking its first positive adjusted EBITDA quarter.
Lemonade (NYSE:LMND) reported third-quarter 2026 revenue of $336.1 million, up from $194.5 million a year earlier, while its GAAP net loss reached $43.7 million, or $0.56 per share.
Revenue exceeded the analyst consensus estimate of $322.5 million, while the loss per share was narrower than the expected $0.58 but wider than the $0.51 loss reported in the prior-year quarter.
The company’s shareholder letter reported that gross profit increased 48% to $118.1 million, while in-force premium rose 34% to $1.55 billion and its customer base expanded 23% to 3.52 million.
The gross loss ratio increased to 65% from 62% a year earlier, while adjusted EBITDA loss narrowed to $20.4 million from $25.6 million.
The company forecast fourth-quarter revenue of $342 million–$346 million and full-year revenue of $1.231 billion–$1.235 billion.
Lemonade provides digital renters, homeowners, car, pet and life insurance through an online platform serving customers across the United States and Europe.
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