Filing Flows › Lemonade (LMND) › Q1 2026
Lemonade (LMND) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Lemonade (LMND) reported revenue of $258M for the first quarter 2026 (Q1 2026), +71% from a year earlier and +13% from the quarter before. Operating margin was -13.4%, net loss $35.8M (13.9% of revenue).
Lemonade, Q1 2026: revenue $258M (+71% year over year), operating margin -13.4%, net loss $35.8M, operating cash flow −$600K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $258M | +13% | +71% |
| Operating profit | −$34.6M | — | — |
| Net earnings | −$35.8M | — | — |
| Operating cash flow | −$600K | -103% | — |
What changed
Revenue was $258.0M in Q1 2026, up 71% year over year and up 13% from the previous quarter.
Operating costs exceeded revenue by $34.6M, an operating margin of -13.4%. Total costs grew 38% against revenue growth of 71%. The fastest-growing cost line was Sales & marketing (+53%). The quarter ended with a net loss of $35.8M, wider than the previous quarter's $21.7M loss.
Operating cash flow was −$600K. Non-cash charges added back $2.7M of depreciation and amortization and $21.2M of share-based compensation. Working capital and other items added $11.3M. Capital expenditures of $3.5M exceeded it, leaving free cash flow of −$4.1M.
Questions
What was Lemonade's revenue in the first quarter 2026?
Lemonade (LMND) reported revenue of $258M for the first quarter 2026 (Q1 2026), +71% from a year earlier and +13% from the quarter before.
Was Lemonade profitable in the first quarter 2026?
Operating loss was $34.6M (-13.4% of revenue) and net loss $35.8M.
Source: Lemonade 10-Q on SEC EDGAR.