secwatch.observer — SEC 8-K summary
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Issuer:     Lemonade, Inc. (LMND)
CIK:        0001691421
Form:       8-K
Filed at:   2026-02-19T23:59:59+00:00
Accession:  0001691421-26-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lemonade Q4 2025: IFP $1.24B (+31%), revenue $228M (+53%), Adj. EBITDA loss narrows to $5M; guides FY26 IFP growth 32%
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- Q4 2025 revenue $228M (+53% YoY); GAAP net loss $22M improves 28%; gross profit $111M (+73%) with gross loss ratio 52%.
- In Force Premium $1.237B (+31%); total customers 2.98M (+23%); premium per customer $414 (+7%).
- Adjusted EBITDA loss $5M, improving $19M YoY; Adj. free cash flow $37M, operating cash flow $21M.
- FY 2026 guidance: IFP growth 32% (up 200bps from prior view); Adj. EBITDA loss ($52M)-($48M) (>50% improvement); expects positive Adj. EBITDA in Q4 2026.
- Segment highlights: Pet IFP $439M (+55%), Europe IFP $60M (+150%), Car IFP $187M (+53%) with loss ratio improvements of 1pt, 16pts, 23pts respectively.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1691421/000169142126000006/0001691421-26-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1691421/000169142126000006/lmnd-20260219.htm
  HTML page:      https://secwatch.observer/filing/0001691421-26-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer