Lemonade reports Q1 EPS (47c), consensus (57c)

Reports Q1 revenue $258.0M, consensus $252.43M. The Company’s cash, cash equivalents, and investments totaled approximately $1.14B at March 31. The company said, “Our Q1 results were excellent, once again characterized by topline growth acceleration, healthy underwriting performance, and strong operating leverage. We steadily progress towards our first Adj. EBITDA positive quarter, which we continue to expect in Q4 2026. Here’s a look at the key metrics for Q1: Top Line: At $1.33B, In Force Premium grew 32% – extending our streak of IFP growth rate acceleration to ten consecutive quarters. Revenue grew faster still, by 71% to $258M, reflecting the impact of our recent reinsurance transition and higher premium retention.”