Lemonade (LMND) reported a Q1 net loss late Tuesday of $0.86 per diluted share, wider its loss of $0.67 a year earlier.

Analysts polled by FactSet expected a loss of $0.94.

Revenue for the quarter ended March 31 was $151.2 million, up from $119.1 million a year earlier.

Analysts surveyed by FactSet expected $145.6 million.

For Q2, the company expects revenue of $157 million to $159 million. Analysts surveyed by FactSet expect $158.1 million.

For 2025, the company said it now expects revenue of $661 million to $663 million, compared with its prior guidance of between $655 million and $657 million. Analysts polled by FactSet expect $658.6 million.

Shares of the company were up nearly 9% in recent Tuesday premarket activity.