Quarterly ResultApr 29, 2026, 06:08 AM
LMND Q1 Revenue +71% to $258M; Adj. EBITDA Loss ($17M)
AI Summary
Lemonade reported excellent first-quarter results, with revenue growing 71% to $258 million and In Force Premium increasing 32% to $1.33 billion. The company significantly improved its profitability, reducing its Adjusted EBITDA loss by 64% to ($17) million and achieving positive Adjusted Free Cash Flow of $17 million. Lemonade reiterated its expectation to achieve positive Adjusted EBITDA in Q4 2026, driven by strong growth in its Pet and Car insurance lines and AI-powered operational efficiency.
Key Highlights
- Q1 2026 In Force Premium grew 32% YoY to $1.33 billion.
- Q1 2026 Revenue increased 71% YoY to $258 million.
- Q1 2026 Adjusted EBITDA loss improved 64% YoY to ($17) million.
- Q1 2026 Net Loss improved 43% YoY to ($36) million.
- Q1 2026 Adjusted Free Cash Flow was $17 million, a $48 million improvement YoY.
- Pet insurance surpassed $500 million In Force Premium in Q2 2026.
- Car insurance In Force Premium grew 60% YoY with a 74% gross loss ratio.
- Reiterated expectation for positive Adjusted EBITDA in Q4 2026.