Every 10-Q that Lemonade, Inc. (LMND) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow LMND and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LMND filings page.
Lemonade, Inc. reported Q2 2026 total revenue of $294.4 million, up from $164.1 million a year earlier, driven mainly by higher net earned premium of $252.0 million. Net loss was $43.4 million (loss of $0.56 per share), while first‑half net loss was $79.2 million versus $106.3 million.
Cash, cash equivalents and restricted cash totaled $380.3 million at June 30, 2026, and net cash used in operating activities for the first half declined to $4.0 million from $41.7 million. Borrowings under growth‑financing agreements rose to $206.4 million. The company renewed key quota‑share and excess‑of‑loss reinsurance with slightly lower cession rates and higher catastrophe limits, increased captive quota‑share cessions, and signed a New Business Financing Agreement with Hannover Re to fund up to $250 million of future sales and marketing spend.
Lemonade, Inc. reported strong top-line growth but remained unprofitable for the quarter ended March 31, 2026. Total revenue rose to $258.0M, up from $151.2M a year earlier, driven mainly by higher net earned premium of $212.6M versus $104.3M and increased gross earned premium of $306.2M.
The company’s net loss improved to $35.8M from $62.4M, and net loss per share narrowed to $0.47 from $0.86. Customers grew to 3.14M, with in force premium reaching $1,333.2M and premium per customer rising to $424. Gross loss and net loss ratios declined to 62% and 63%, respectively, reflecting better underwriting outcomes.
Lemonade ended the quarter with $386.5M in cash, cash equivalents and restricted cash and $751.3M in investments. Borrowings under its growth-focused Customer Investment Agreement rose to $179.6M, generating interest expense of $6.2M. Adjusted EBITDA loss narrowed to $17.1M from $47.0M, while stock-based compensation increased to $21.2M.
Lemonade (LMND) reported Q3 2025 results with total revenue of $194.5 million, up from $136.6 million a year ago, as net earned premium rose to $140.0 million. The company’s net loss narrowed to $37.5 million from $67.7 million, and loss per share improved to $0.51 from $0.95.
Cash, cash equivalents and restricted cash were $355.5 million as of September 30, 2025, compared with $385.7 million at year-end 2024. Investments increased to $705.3 million. Borrowings under the customer investment financing agreement rose to $139.0 million. Shares outstanding were 74,731,027 as of November 4, 2025.
Lemonade recorded favorable prior-year reserve development of $18.9 million year-to-date and recognized wildfire-related net incurred loss of $19.9 million for January 2025 events, alongside a $6.9 million California FAIR Plan assessment. The quota-share reinsurance program was renewed effective July 1, 2025 at an approximately 20% cession rate, down from 55% in the prior period, with other terms similar.
Lemonade (LMND) delivered Q2-25 top-line growth but remains unprofitable. Total revenue rose 34% YoY to $164.1 million, driven by a 26% increase in net earned premium (to $112.5 million) and higher ceding-commission income. Loss and LAE grew more slowly, improving the loss ratio to ~69% (vs. ~79% a year ago). Sales & marketing spend jumped 62% to $59.6 million as the company pursues expansion. Net loss narrowed to $43.9 million (-$0.60 per share) from $57.2 million (-$0.81), while weighted shares rose 3.8% to 73.4 million.
Operating cash outflow was $41.7 million for H1-25, in line with H1-24, and cash/equivalents held steady at $386 million. Borrowings under the General Catalyst marketing-finance facility increased to $123.5 million (from $83.4 million), boosting leverage but providing growth capital. Stock-based compensation fell to $25.7 million (H1-24: $30.3 million). Book value declined to $527.1 million as the accumulated deficit widened to $1.41 billion.
The reinsurance program was renewed on 1 Jul 25 with a sharply lower cession rate (~20% vs. ~55%), increasing Lemonade’s retained risk from Q3 onward. Q2 results include $16.9 million of California wildfire losses and a $6.9 million FAIR Plan assessment, partially offset by an $11.7 million Employee Retention Credit refund. Termination of the Chewy warrant agreement removed 3.17 million potential shares and reversed $5.2 million of previously accrued expense.