Lemonade, Inc. reported third-quarter financial results for the period ended September 30, 2026. Total revenue increased 73% year-over-year to $336.1 million, driven by a 34% rise in In Force Premium to $1.55 billion and strong customer growth of 23%. Gross profit reached a record $118.1 million, up 48%, while the net loss narrowed to $43.7 million from $37.5 million in the prior year period. Adjusted EBITDA loss improved to ($20.4) million compared to ($25.6) million previously. The company raised its full-year Gross Earned Premium and Revenue guidance, reiterating expectations for positive Adjusted EBITDA in Q4 2026 and a first full year of profitability in FY 2027. Lemonade operates an AI-powered digital insurance platform offering renters, homeowners, pet, car, and life coverage.
