Lemonade Q3 revenue beats estimates on premium growth
LMND•Lemonade's Q3 revenue rose 73% year over year to $336 million, beating estimates of $322.74 million, while its $20 million adjusted EBITDA loss slightly missed expectations. The company raised its 2026 revenue guidance to $1.231 billion-$1.235 billion.
1. Revenue and premiums grow
Lemonade reported Q3 revenue of $336 million, up 73% year over year and above analyst estimates of $322.74 million. In-force premium rose 34% to $1.55 billion, driven by a 23% increase in customers and a 9% rise in premium per customer.
2. Loss and outlook
The company posted a $44 million net loss and an adjusted EBITDA loss of $20 million, slightly wider than the $19.09 million loss analysts expected. Lemonade expects Q4 2026 revenue of $342 million to $346 million and raised its full-year 2026 revenue guidance to $1.231 billion to $1.235 billion.
