Lemonade revenue jumps to $294.4 million

• Lemonade (NYSE:LMND) reported Q2 2026 revenue of $294.4 million, exceeding analyst expectations while its loss matched forecasts.
• Customer count increased 23% to 3.31 million, while in-force premium grew 32% to $1.43 billion.
• Lemonade expects Q3 2026 revenue of $323 million–$326 million and full-year revenue of $1.21 billion–$1.22 billion.

Lemonade (NYSE:LMND) reported second quarter 2026 revenue of $294.4 million, above market expectations, while recording a loss of $0.56 per share.

Revenue exceeded forecasts of about $289 million–$290.88 million, while the company’s customer base increased 23% year over year to 3.31 million.

Lemonade reported in-force premium of $1.43 billion, up 32%, while its adjusted EBITDA loss narrowed to $18.7 million from $40.9 million in the prior-year period.

The company’s Q2 results showed continued customer growth and improved adjusted EBITDA performance, while Lemonade continued investing in its insurance platform and product expansion.

Lemonade expects third quarter 2026 revenue of $323 million–$326 million and full-year 2026 revenue of $1.21 billion–$1.22 billion.