Lemonade Posts Record Q4: IFP Reaches $1.24 Billion, Revenue Jumps 53% in Ninth Straight Acceleration

Overview

• Company reported record gross profit of $111 million, up 73% year over year, reflecting improving unit economics.
• Adjusted EBITDA loss narrowed to $5 million with $37 million in positive adjusted free cash flow.
• Leaders emphasized non-GAAP metrics—adjusted EBITDA, adjusted free cash flow, and adjusted gross profit—and provided reconciliations and KPI definitions in a shareholder letter.
• Management projected roughly 60% revenue growth in 2026 and targeted positive adjusted EBITDA in Q4 2026 with full-year positivity in 2027.
• The call included standard cautions that forward-looking statements may change and that the company assumes no obligation to update them.