Lemonade, Inc. (NYSE:LMND) shares fell Wednesday after the company reported first-quarter fiscal 2026 results.
Lemonade Earnings Snapshot
The company reported a loss of 47 cents per share, narrower than the analyst consensus estimate of a 58-cent loss.
Revenue of $258.0 million beat the consensus estimate of $251.5 million.
Revenue rose 71% year over year, driven by higher gross earned premiums and improved premium retention.
Adjusted gross profit increased 119% year over year to $100.8 million, reflecting higher revenue and an improved net loss ratio.
Adjusted EBITDA loss narrowed to $17.1 million from …