Lemonade Q2 revenue rises 79% to $294.4 million; net loss narrows to $43.4 million
Lemonade reported second-quarter 2026 results, with revenue up 79% to $294.4 million and gross profit up 76% to $113.2 million. Net loss was $43.4 million, or $0.56 per share, compared with $43.9 million, or $0.60 per share, a year earlier. The company also gave third-quarter and full-year 2026 guidance and said it still expects positive Adjusted EBITDA in the fourth quarter.
Key points
- Revenue rose to $294.4 million from $164.1 million in Q2 2025; in force premium grew 32% to $1.43 billion
- Net loss was $43.4 million ($0.56 per share) versus $43.9 million ($0.60 per share) in Q2 2025
- Adjusted EBITDA loss narrowed to $18.7 million from $40.9 million; full-year 2026 Adjusted EBITDA loss guidance is $51 million to $47 million
- Full-year 2026 revenue guidance is $1,214 million to $1,220 million; company expects Q4 2026 Adjusted EBITDA of about $8 million
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 28, 2026.
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