Filing Flows › Lemonade (LMND) › Q3 2026 › vs Q2 2026
Lemonade (LMND) Q3 2026 vs Q2 2026 (quarter over quarter)
Lemonade's revenue rose $41.7M (+14%) from $294M in Q2 2026 to $336M in Q3 2026.
Lemonade, Q3 2026: revenue $336M (+73% year over year), operating margin -12.9%, net loss $43.7M, operating cash flow $7.3M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 0.6% | -2.7% | +3.3 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $336M | $294M | $41.7M | +14% |
| Net loss | $43.7M | $43.4M | $300K | +0.7% |
| Costs & expenses | $380M | $338M | $42.0M | +12% |
| Operating costs | $379M | $336M | $43.1M | +13% |
| Income tax | $500K | $1.6M | −$1.1M | -69% |
| Research & development | $29.2M | $30.0M | −$800K | -3% |
| Sales & marketing | $82.7M | $77.7M | $5.0M | +6% |
| General & admin | $50.8M | $47.8M | $3.0M | +6% |
| Other operating costs | $217M | $181M | $35.9M | +20% |
| Operating cash sources | $51.0M | $40.0M | $11.0M | +27% |
| Depreciation & amortization | $2.6M | $2.4M | $200K | +8% |
| Share-based compensation | $23.2M | $24.5M | −$1.3M | -5% |
| Working capital & other | $25.2M | $13.1M | $12.1M | +92% |
| Net loss absorbed | $43.7M | $43.4M | $300K | +0.7% |
| Operating cash flow | $7.3M | −$3.4M | $10.7M | — |
| Free cash flow (OCF − capex) | $1.9M | −$8.0M | $9.9M | — |
| Capital expenditures | $5.4M | $4.6M | $800K | +17% |
Questions
How much did Lemonade's revenue grow quarter over quarter in Q3 2026?
Lemonade's revenue rose $41.7M (+14%) from $294M in Q2 2026 to $336M in Q3 2026.