LMNDLemonade, Inc.
Lemonade, Inc. (LMND) sells digital insurance products, including renters and autonomous car insurance, targeting tech-savvy consumers with streamlined, app-based coverage. The next catalyst is Oct 15, 2026 — 2026 Hurricane Season Catastrophe, which will test the company’s ability to manage claims and maintain profitability amid natural disaster exposure.
- Lemonade’s revenue grew 40.2% YoY to $911M in 2026, but net income remained negative at -$152.5M.
- Free cash flow (TTM) was -$105.8M, and net margin (TTM) was -16.7%, reflecting ongoing investment in growth.
- The company’s equity stands at $533.6M, with a diluted EPS of -0.56, indicating continued pressure on shareholder returns.
The Read
4% after meeting earnings expectations with positive cash flow and customer growth in early 2026 but fell 8%.
The schedule
- Thu15Oct
The hurricane season will test Lemonade's reinsurance exposure and ability to manage catastrophe losses, which could impact P&L and cash flow.
- Tue3Nov
This earnings report will test Lemonade's ability to deliver on its AI-driven underwriting and reinsurance strategies, particularly in light of recent hurricane season impacts and AI product rollouts. The outcome will be critical for P&L, product mix, and cash flow visibility.
- Tue17Nov
This investor event will provide insight into Lemonade's strategic direction, including AI product development and reinsurance strategy, which could influence market sentiment.
- Tue17Nov
The shareholder letter will outline Lemonade's strategic priorities for the next quarter, including AI product launches and reinsurance strategy, which could influence market sentiment.
- Tue2Feb
This earnings report will test Lemonade's ability to deliver on its AI-driven underwriting and reinsurance strategies, particularly in light of recent hurricane season impacts and AI product rollouts. The outcome will be critical for P&L, product mix, and cash flow visibility.
- Tue4May
- Tue3Aug
This earnings report will test Lemonade's ability to deliver on its AI-driven underwriting and reinsurance strategies, particularly in light of recent hurricane season impacts and AI product rollouts. The outcome will be critical for P&L, product mix, and cash flow visibility.
Past
- Tue15Sep
Actual outcome: Bear · $45.20 at outcome
LMND's stock fell 5.1% following the Fall Reinsurance Renewals & Pricing event, closing below the bear floor of $48.00. The results showed a miss on earnings and weaker-than-expected guidance, signaling pressure on margins and demand. These factors led to a sell-off as investors reacted to the lack of positive catalysts and concerns over the company's financial outlook.
- Tue15Sep
Actual outcome: Bear · $48.61 at outcome
The stock fell materially below the bear floor following the event, indicating a negative price reaction. The Fall Reinsurance Renewals & Pricing Update likely signaled underperformance in reinsurance renewals and pricing pressures, leading to investor concerns about the company's ability to maintain profitability and growth.
- Thu10Sep
Actual outcome: Bear · $47.87 at outcome
The stock fell 3.5% following the Mid-2026 AI Underwriting & Product Roadmap Update, closing below the bear floor of $51.50. The event likely signaled underperformance in AI underwriting and product development, raising concerns about execution and strategic direction, which pressured the stock lower.
- Tue4Aug
Actual outcome: Bear · $51.84 at outcome
Lemonade reported in-line Q2 EPS of -$0.56 alongside strong 79% revenue growth, but its full-year In-Force Premium outlook missed Wall Street's aggressive estimates. The softer guidance, combined with valuation concerns and the announcement of a CFO transition, disappointed investors and drove the stock down 4.2% toward the bear floor.
- Tue24Feb
Actual outcome: Bull · $55.04 at outcome
Lemonade met analyst expectations with an EPS of -$0.33 and achieved a major milestone by posting its first-ever quarter of positive cash flow. The company also reported reaching 3 million customers, accelerating in-force premium growth for the ninth consecutive quarter, and a declining loss ratio. The stock reacted positively because this tangible progress in cash generation and underwriting margins directly addressed previous investor concerns regarding the AI-powered insurer's path to profitability.