Filing Flows › Lemonade (LMND) › Q3 2026 › vs Q3 2025
Lemonade (LMND) Q3 2026 vs Q3 2025 (year over year)
Lemonade's revenue rose $142M (+73%) from $194M in Q3 2025 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 0.6% | 1.3% | -0.8 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $336M | $194M | $142M | +73% |
| Net loss | $43.7M | $37.5M | $6.2M | +17% |
| Costs & expenses | $380M | $232M | $148M | +64% |
| Operating costs | $379M | $231M | $148M | +64% |
| Income tax | $500K | $1.2M | −$700K | -58% |
| Research & development | $29.2M | $24.7M | $4.5M | +18% |
| Sales & marketing | $82.7M | $57.4M | $25.3M | +44% |
| General & admin | $50.8M | $35.0M | $15.8M | +45% |
| Other operating costs | $217M | $114M | $103M | +91% |
| Operating cash sources | $51.0M | $42.0M | $9.0M | +21% |
| Depreciation & amortization | $2.6M | $3.4M | −$800K | -24% |
| Share-based compensation | $23.2M | $17.1M | $6.1M | +36% |
| Working capital & other | $25.2M | $21.5M | $3.7M | +17% |
| Net loss absorbed | $43.7M | $37.5M | $6.2M | +17% |
| Operating cash flow | $7.3M | $4.5M | $2.8M | +62% |
| Free cash flow (OCF − capex) | $1.9M | $2.6M | −$700K | -27% |
| Capital expenditures | $5.4M | $1.9M | $3.5M | +184% |
Questions
How much did Lemonade's revenue grow year over year in Q3 2026?
Lemonade's revenue rose $142M (+73%) from $194M in Q3 2025 to $336M in Q3 2026.