{"schema_version":"secwatch.filing_event.v1","accession":"0001691421-24-000054","form_type":"8-K","ticker":"LMND","cik":"0001691421","company_name":"Lemonade, Inc.","filed_at":"2024-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.624289+00:00","generated_at":"2026-06-03T04:33:24.263839+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Lemonade Q1 2024: revenue +25%, net loss narrows to $47M; pushes cash-flow breakeven to year-end 2024","bullets":["IFP $794M (+22% YoY), revenue $119M (+25%), gross profit $34.7M (+110%), gross loss ratio 79% (improved 8 pts YoY).","Net loss ($47.3M) vs ($65.8M) a year ago; adjusted EBITDA loss ($33.9M), improved 33% YoY.","Cash-flow breakeven target accelerated from H1 2025 to year-end 2024; expects positive cash flow by Q1 2025.","Customers 2.09M (+13%), premium per customer $379 (+8%), ADR 88% (+1 ppt). Headcount down 11% YoY.","Guidance: FY 2024 IFP $940-944M, revenue $511-515M, adj EBITDA loss ($155)-($151)M; Q2 IFP $839-841M, revenue $118-120M."],"urls":{"canonical":"https://secwatch.observer/filing/0001691421-24-000054","json":"https://secwatch.observer/filing/0001691421-24-000054.json","markdown":"https://secwatch.observer/filing/0001691421-24-000054.md","text":"https://secwatch.observer/filing/0001691421-24-000054.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1691421/000169142124000054/0001691421-24-000054-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1691421/000169142124000054/lmnd-20240430.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T04:33:24.263839+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"105ff0f38a286f8519dc1e0f433cca292b3fa50f","claim":"Lemonade, Inc. reported the three months ended March 31, 2024 results: revenue $119.1 million, net income ($47.3) million. Guidance raised.","evidence_excerpt":"increased by $33.7 million or 22% as compared to the first quarter of 2023, primarily due to the increase of IFP earned during the quarter. 8 Revenue First quarter revenue of $119.1 million increased by $23.9 million or 25% as compared to the first quarter of 2023, primarily due to the increase of gross earned premium, ceding commission income and net investment","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1691421/000169142124000054/0001691421-24-000054-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2024"},{"label":"Revenue","value":"$119.1 million"},{"label":"Net income","value":"($47.3) million"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}