Lemonade, Inc. (NYSE:LMND) shares are trading higher premarket on Thursday after the company reported upbeat fourth quarter fiscal 2025 results.
The stock surged over 12%, with already high short interest — exceeding 21% of the tradable float — likely amplifying buying pressure.
The company reported a loss of 29 cents per share, outperforming the analyst consensus estimate of a 41-cent loss.
Sales of $228.1 million beat the analyst consensus estimate of $215.8 million.
Sales rose 53% year over year (Y/Y), led by higher gross earned premium, ceding commission income, and a reduced premium cession rate related to quota share reinsurance.
Adjusted gross profit increased 69% Y/Y to $112.0 million on higher revenue …