Filing Flows › Lemonade (LMND) › Q3 2026
Lemonade (LMND) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Lemonade (LMND) reported revenue of $336M for the third quarter 2026 (Q3 2026), +73% from a year earlier and +14% from the quarter before. Operating margin was -12.9%, net loss $43.7M (13.0% of revenue).
Lemonade, Q3 2026: revenue $336M (+73% year over year), operating margin -12.9%, net loss $43.7M, operating cash flow $7.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $336M | +14% | +73% |
| Operating profit | −$43.2M | — | — |
| Net earnings | −$43.7M | — | — |
| Operating cash flow | $7.3M | — | +62% |
| Free cash flow | $1.9M | — | -27% |
What changed
Revenue was $336.1M in Q3 2026, up 73% year over year and up 14% from the previous quarter.
Operating costs exceeded revenue by $43.2M, an operating margin of -12.9%. Total costs grew 64% against revenue growth of 73%. The fastest-growing cost line was Other operating costs (+91%). The quarter ended with a net loss of $43.7M, wider than the previous quarter's $43.4M loss.
Operating cash flow was $7.3M (up 62% year over year). Non-cash charges added back $2.6M of depreciation and amortization and $23.2M of share-based compensation. Working capital and other items added $25.2M. Capital expenditures of $5.4M left free cash flow of $1.9M.
Questions
What was Lemonade's revenue in the third quarter 2026?
Lemonade (LMND) reported revenue of $336M for the third quarter 2026 (Q3 2026), +73% from a year earlier and +14% from the quarter before.
Was Lemonade profitable in the third quarter 2026?
Operating loss was $43.2M (-12.9% of revenue) and net loss $43.7M.
Source: Lemonade 10-Q on SEC EDGAR.