---
schema_version: "secwatch.filing_event.v1"
accession: "0001691421-24-000128"
form_type: "8-K"
ticker: "LMND"
cik: "0001691421"
company_name: "Lemonade, Inc."
filed_at: "2024-10-30T23:59:59+00:00"
generated_at: "2026-05-30T08:21:07.501408+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lemonade Q3 NCF positive $48M, IFP +24% to $889M, loss ratio improves 10pts to 73%

## Summary
- Revenue $136.6M (+19% YoY); gross profit $37.5M (+71% YoY) on higher premium and lower loss ratio.
- Gross loss ratio 73% (down 10pts YoY); TTM gross loss ratio 77% (down 11pts), 5th consecutive sequential improvement.
- Net cash flow positive $48M; operating cash flow $16M. Reiterates sustainable NCF positivity exiting 2024.
- Net loss $68M (+10% YoY); Adj EBITDA loss $49M (+22% YoY) driven by 3x increase in growth spend.
- Customer count up 17% to 2.3M; premium per customer $384 (+6%); ADR 87% (+2pts); headcount down 7% YoY.

## SEC filing metadata
- accession: 0001691421-24-000128
- form_type: 8-K
- ticker: LMND
- cik: 0001691421
- company_name: Lemonade, Inc.
- filed_at: 2024-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1691421/000169142124000128/0001691421-24-000128-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1691421/000169142124000128/lmnd-20241030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001691421-24-000128
- JSON: https://secwatch.observer/filing/0001691421-24-000128.json
- Plain text: https://secwatch.observer/filing/0001691421-24-000128.txt

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