Filing Flows › Lemonade (LMND) › Q2 2026
Lemonade (LMND) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Lemonade (LMND) reported revenue of $294M for the second quarter 2026 (Q2 2026), +79% from a year earlier and +14% from the quarter before. Operating margin was -14.2%, net loss $43.4M (14.7% of revenue).
Lemonade, Q2 2026: revenue $294M (+79% year over year), operating margin -14.2%, net loss $43.4M, operating cash flow −$3.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $294M | +14% | +79% |
| Operating profit | −$41.8M | — | — |
| Net earnings | −$43.4M | — | — |
| Operating cash flow | −$3.4M | — | -162% |
What changed
Revenue was $294.4M in Q2 2026, up 79% year over year and up 14% from the previous quarter.
Operating costs exceeded revenue by $41.8M, an operating margin of -14.2%. Total costs grew 63% against revenue growth of 79%. The fastest-growing cost line was General & admin (+85%). The quarter ended with a net loss of $43.4M, wider than the previous quarter's $35.8M loss.
Operating cash flow was −$3.4M. Non-cash charges added back $2.4M of depreciation and amortization and $24.5M of share-based compensation. Working capital and other items added $13.1M. Capital expenditures of $4.6M exceeded it, leaving free cash flow of −$8.0M.
Questions
What was Lemonade's revenue in the second quarter 2026?
Lemonade (LMND) reported revenue of $294M for the second quarter 2026 (Q2 2026), +79% from a year earlier and +14% from the quarter before.
Was Lemonade profitable in the second quarter 2026?
Operating loss was $41.8M (-14.2% of revenue) and net loss $43.4M.
Source: Lemonade 10-Q on SEC EDGAR.