Lemonade Reports Strong Q3 2026 Growth and Projects First Positive Adjusted EBITDA Quarter
Lemonade, Inc. (LMND) reported significant top-line acceleration in its third quarter of 2026, with revenue climbing 73% to $336.1 million. The company's In-Force Premium (IFP) grew by 34% to $1,551 million, driven by customer expansion and higher premiums per customer. Notably, the company achieved its sixth consecutive quarter of positive adjusted free cash flow ($27.0 million). Management provided optimistic guidance for the fourth quarter, projecting an adjusted EBITDA between $5 million and $9 million, which would mark the company's first projected profitable quarter on that metric. While gross loss ratios were slightly elevated due to inflationary veterinary costs in pet insurance and weather events in Europe, Lemonade continues to see efficiency gains through its AI-driven 'Lemonade OS,' maintaining a healthy LTV to CAC ratio above 3:1.
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Topics: Adjusted EBITDA Customer Expansion Gross Profit In Force Premium Net Loss Revenue Growth
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