---
schema_version: "secwatch.filing_event.v1"
accession: "0001691421-23-000108"
form_type: "8-K"
ticker: "LMND"
cik: "0001691421"
company_name: "Lemonade, Inc."
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T02:52:41.690142+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Lemonade Q3 revenue $114.5M (+55% YoY); expects cash-flow positive by late 2025

## Summary
- Revenue $114.5M (+55% YoY); gross profit $21.9M (+170%); IFP $719M (+18%).
- Net loss $61.5M improved 33% YoY; Adjusted EBITDA loss $40.2M improved 39%.
- Gross loss ratio improved to 83% from 94% a year ago.
- Expects to turn cash-flow positive in late 2025 (sooner than prior outlook); Adjusted EBITDA profitable in 2026.
- California approved 51% rate increase for Car product (~50% of Car book in CA).

## SEC filing metadata
- accession: 0001691421-23-000108
- form_type: 8-K
- ticker: LMND
- cik: 0001691421
- company_name: Lemonade, Inc.
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1691421/000169142123000108/0001691421-23-000108-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1691421/000169142123000108/lmnd-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001691421-23-000108
- JSON: https://secwatch.observer/filing/0001691421-23-000108.json
- Plain text: https://secwatch.observer/filing/0001691421-23-000108.txt

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