Lemonade — Q3 2026 Earnings Summary

Lemonade reported third-quarter 2026 in-force premium of $1.55 billion, representing a 34% year-over-year increase and marking the twelfth consecutive quarter of accelerating growth. The company achieved a record gross profit of $118.1 million, up 48% from the prior year, while net loss narrowed to $43.7 million and adjusted EBITDA loss improved to $20.4 million. Customer count grew by 23% to over 3.5 million, and adjusted free cash flow reached $27 million, an improvement of $9 million year-over-year. Management reiterated its guidance to generate positive adjusted EBITDA in the fourth quarter of 2026, with expectations for the first full year of positive adjusted EBITDA in 2027.