Lemonade said it expects to post its first-ever quarter of positive adjusted EBITDA in the fourth quarter of 2026, projecting about $8 million. The company narrowed its second-quarter adjusted EBITDA loss to $19 million from $41 million a year earlier, and guided to a $20 million to $23 million loss in the third quarter before turning positive in Q4. Revenue jumped 79% to $294 million in Q2, while in-force premiums rose 32.4% to $1.4 billion, marking the 11th straight quarterly increase. Lemonade also reported its best-ever loss adjustment expense ratio of 5%, roughly half the 9% industry average, which it attributed to its AI-driven claims processing. For the full year, the company projects revenue of about $1.2 billion, up 63% from $738 million in 2025, and a net loss of $47 million to $51 million, with positive adjusted EBITDA expected for all of 2027.
Lemonade IncCompany guides to first-ever positive adjusted EBITDA in Q4 2026 and reports strong Q2 results with revenue up 79%.
