---
schema_version: "secwatch.filing_event.v1"
accession: "0001691421-25-000062"
form_type: "8-K"
ticker: "LMND"
cik: "0001691421"
company_name: "Lemonade, Inc."
filed_at: "2025-05-06T23:59:59+00:00"
generated_at: "2026-05-22T12:46:54.974264+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lemonade Q1 2025: IFP crosses $1B (+27% YoY); Adj. EBITDA loss $47M in line with guidance

## Summary
- In Force Premium $1,008M (+27% YoY); revenue $151.2M (+27%).
- TTM gross loss ratio 73% (within target); Q1 loss ratio 78% due to California Wildfires (16 pts).
- Net loss $62.4M ($0.86/share); Adj. EBITDA loss $47M, includes ~$22M wildfire impact.
- FY2025 guidance: IFP growth 28% reiterated; Adj. EBITDA loss $140-135M; GEP raised to $1,028-1,031M.
- Lemonade Car had first quarter where sequential IFP growth outpaced rest of book; state coverage >40%.

## SEC filing metadata
- accession: 0001691421-25-000062
- form_type: 8-K
- ticker: LMND
- cik: 0001691421
- company_name: Lemonade, Inc.
- filed_at: 2025-05-06T23:59:59+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/1691421/000169142125000062/0001691421-25-000062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1691421/000169142125000062/lmnd-20250506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001691421-25-000062
- JSON: https://secwatch.observer/filing/0001691421-25-000062.json
- Plain text: https://secwatch.observer/filing/0001691421-25-000062.txt

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