Overview
- Lemonade stock fell about 13.8% for the week after the insurer reported quarterly results.
- Revenue rose 71% to $258 million as in‑force premiums climbed 32% to $1.33 billion, and pet coverage surpassed $500 million in premiums.
- The loss ratio improved to 63% from 82% a year ago, gross profit more than doubled, and the net loss narrowed to $35.8 million.
- Despite the pullback, the shares are still up roughly 95% to 100% over the past year, though they have slipped from near $100 in late January to the upper‑$50s.
- Management is targeting positive EBITDA by the fourth quarter of 2026, a goal that bullish analysts back even as others warn about higher operating costs and the pace to profitability.