Peters John Sheldon sold $169K of LMND

Lemonade (LMND) expects positive adjusted EBITDA in Q4, a first for the company. Q3 in-force premium grew 34% YoY to $1.55B, revenue up 73% to $336.1M. Car insurance is a key growth area but also a risk. Despite net losses, adjusted free cash flow was $27M in Q3.

Keefe Bruyette & Woods lowered its price target on Lemonade Inc. (NYSE:LMND) to $45 from $48, citing higher growth spending and operating expenses. The firm noted Lemonade's premium growth exceeds 30% and revenue grew nearly 70% in the last twelve months. Lemonade reported Q3 2026 earnings, exceeding expectations with revenue of $336.1 million and adjusted loss of $0.56 per share.

Lemonade (LMND) reported Q3 operating expenses rose 36% YoY, driven by higher sales and marketing, and administrative costs. Adjusted free cash flow was $27M, with $1.2B in cash. Lemonade Car's premium grew 63% YoY, and the company expects slower growth spending. Loss ratios varied by product, with pet insurance under pressure. The company plans to discuss AI initiatives at its investor day.

Lemonade (LMND) reported Q3 2026 results: $1.55B in-force premium (+34%), $336.1M revenue (+73%), $118.1M gross profit (+48%), and $20.4M adjusted EBITDA loss (improved from prior year). Customer base grew 23% to 3.5M, with premium per customer up 9% to $440. Gross loss ratio increased to 65% due to inflation and weather events. Management expects Q4 adjusted EBITDA to be positive and full-year revenue between $1.23B and $1.235B.

Lemonade Inc (LMND) reported Q3 2026 earnings, highlighting record premium growth and strategic advantages from AI agents. CEO Daniel Schreiber noted AI's potential to favor Lemonade over incumbents. CFO Tim Bixby discussed car insurance loss ratios, G&A expenses, and pet insurance trends. The company expects accelerated state rollouts and cross-sales growth, with no significant incremental customer acquisition costs for cross-sold products.

Lemonade reported 3Q 2026 revenue of $336.1M, up 73% YoY, with a widened net loss of $43.7M. Growth was driven by higher premiums and lower reinsurance costs, while customer count rose 23% YoY to 3.52M. Premium per customer increased 9% YoY to $440.