🔹 Revenue: $164.1M (Est. $161.4M) 🟢; UP +46% YoY
🔹 EPS: -$0.60 (Est. -$0.80) 🟢
🔹 In-Force Premium: $840M; UP +22% YoY
Customer & Premium Metrics
🔹 Premium per Customer: $394; UP +11% YoY
🔹 Total Customers: 2.1M; UP +10% YoY
🔹 Policies in Force: 2.13M
🔹 Annual Dollar Retention (ADR): 87%
Other Q2 Metrics:
🔹 Gross Profit: $41.3M; UP +91% YoY
🔹 Adj EBITDA: -$30.4M
🔹 Net Loss: $41.6M
🔹 Gross Loss Ratio: 77% (vs. 94% YoY)
🔹 Cash & Investments: $888M
🔹 Net Cash Used in Operating Activities: -$29.8M
CEO Commentary
🔸 “We delivered record revenues and margin improvements. This is the strongest Q2 in Lemonade’s history.”
🔸 “We are on track to hit our target of Adjusted EBITDA profitability by mid-2026.”