Lemonade announced that longtime CFO Tim Bixby will step down to become a board member, with Senior Vice President Finance Nick Stead taking over as CFO from January 1, 2027. The leadership transition was disclosed alongside second-quarter 2026 results, which showed revenue rising to US$294.4 million from US$164.1 million a year earlier while net loss remained roughly flat. Management reaffirmed a path to positive adjusted EBITDA by the fourth quarter of 2026 and for the full year 2027, though cautious guidance tempered optimism about the pace toward profitability.
Lemonade IncCFO transition and cautious guidance on profitability temper optimism despite strong revenue growth.