Lemonade (LMND) reported Q4 2025 revenue of USD 228.1 million (+53% YoY) on gross earned premium of USD 290.2 million (+28% YoY). In-force premium rose to USD 1.24 billion (+31% YoY), with customers at 2.98 million (+23% YoY) and premium per customer at USD 414 (+7% YoY). Gross profit increased to USD 110.6 million (+73% YoY) and gross profit margin was 48% (from 43% a year earlier). Net loss was USD 21.7 million, while adjusted EBITDA loss narrowed to USD 4.6 million; adjusted free cash flow was USD 36.7 million and cash flow from operations was USD 20.7 million. Cash, cash equivalents and investments totaled USD 1.12 billion at Dec. 31, 2025. The company highlighted 2025 growth led by Pet (in-force premium USD 439 million; 55% IFP growth; 70% trailing twelve-month gross loss ratio) and Europe (in-force premium USD 60 million; 150% IFP growth; 74% trailing twelve-month gross loss ratio), while Car ended 2025 with in-force premium of USD 187 million, 53% IFP growth and a 70% trailing twelve-month gross loss ratio. Lemonade also cited the launch of autonomous pricing for Tesla Full Self Driving (Supervised), with autonomously driven miles priced at 50% of the human-driven per-mile rate. For 2026, Lemonade guided to full-year in-force premium of USD 1.63 billion to USD 1.63 billion and adjusted EBITDA loss of USD 52 million to USD 48 million, and said it expects positive adjusted EBITDA for Q4 2026 and full-year adjusted EBITDA profitability in 2027. The company also announced an Investor Day in New York City in November 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lemonade Inc. published the original content used to generate this news brief on February 19, 2026, and is solely responsible for the information contained therein.