Lemonade beats market expectations and raises annual revenue guidance

Lemonade reported third-quarter results with revenue of $336 million, above analyst estimates. The company raises its annual revenue guidance to $1.231-1.235 billion and expects its first positive adjusted EBITDA in the fourth quarter.

Digital insurance company Lemonade published third-quarter 2026 results that beat analyst expectations. The company's quarterly revenue reached $336 million, a 72.8% increase year-over-year. Net loss per share was $0.56, $0.02 better than market forecasts. Following the results, the company raised its annual revenue guidance to $1.231-1.235 billion. Lemonade expects to achieve its first positive adjusted EBITDA in the fourth quarter, in the range of $5-9 million. In the first three quarters, revenue totaled $889 million, and net loss narrowed by 14.5% to $123 million. The company had over 3.5 million customers at quarter-end. Lemonade will hold an Investor Day in New York on November 17. The company's stock is rising in pre-market trading on Wall Street.