Lemonade Jumps on Q4 Beat, Above-Consensus Q1 Outlook

Overview

• Lemonade reported Q4 revenue of $228.1 million, up 53.3% year over year and above the $217.6 million consensus.
• Adjusted EPS showed a loss of $0.29, beating analyst expectations for a $0.39 loss.
• Net premiums earned reached $179.5 million, a 77.4% increase from a year earlier and ahead of the $165.8 million estimate.
• The company remained unprofitable on a pre-tax basis, posting a $20.6 million loss for the quarter for a -9% margin.
• Guidance for Q1 2026 revenue came in at $246–$251 million with a midpoint above forecasts, and shares rose more than 17% pre-market before trading up 11.1% to $73.05 as market cap hovered near $4.91 billion.