Lemonade shares have surged 249% over the past three years as the AI-powered insurer disrupts the traditional insurance market. The company now serves over 3.1 million customers, up 182% from five years ago, with in-force premiums soaring 429% and revenue growing 11-fold during that period. Lemonade operates a fully digital, direct-to-consumer model with no physical branches or agents, and 70% of its policyholders are under age 35. Management expects to achieve positive adjusted EBITDA for the first time in the fourth quarter of this year, though Wall Street analysts do not forecast positive earnings per share until 2028. The stock's massive run-up raises questions about whether it is too late to buy, pending clearer visibility into sustained profitability.
Lemonade IncCustomer growth to 3.1M, in-force premiums up 429%, revenue up 11x, and expected first positive adjusted EBITDA in Q4.
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