---
schema_version: "secwatch.filing_event.v1"
accession: "0001691421-23-000051"
form_type: "8-K"
ticker: "LMND"
cik: "0001691421"
company_name: "Lemonade, Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:14:25.031470+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lemonade Q1 net loss improves to $65.8M, guides 2023 EBITDA loss lower to ($205)-($200)M

## Summary
- Q1 net loss $65.8M ($0.95/sh), improved 12% YoY; revenue $95.2M (+115% YoY) on strong premium growth.
- In Force Premium $653.3M (+56% YoY); gross loss ratio 87% (down from 90% YoY); ADR all-time high 87% (+5pp).
- Adjusted EBITDA loss $50.8M, improved 11% from $57.4M loss in Q1 2022.
- FY 2023 guidance raised: IFP $700-705M (from $695-700M); Adj EBITDA loss ($205)-($200)M (from ($245)-($240)M).
- Q2 2023 guidance: IFP $665-668M, revenue $96-98M, Adj EBITDA loss ($58)-($55)M.

## SEC filing metadata
- accession: 0001691421-23-000051
- form_type: 8-K
- ticker: LMND
- cik: 0001691421
- company_name: Lemonade, Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1691421/000169142123000051/0001691421-23-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1691421/000169142123000051/lmnd-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001691421-23-000051
- JSON: https://secwatch.observer/filing/0001691421-23-000051.json
- Plain text: https://secwatch.observer/filing/0001691421-23-000051.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.