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BamBamInvest
@BamBamInvest
6Mo·

Lemonade Q2'25 result highlights 🚀👌

$LMND (+4,46 %)

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  • 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 comment:


🟡 "We achieved record sales and margin improvements. This is the strongest second quarter in Lemonade's history."

🟡 "We are on track to achieve our target of adjusted EBITDA profitability by mid-2026."


$BRO (-1,13 %)
$BRK.B (+0,71 %)
$BRK.A (+0,72 %)
$PGR (-1,29 %)
$ALV (-0,18 %)
$MUV2 (+0,77 %)
$CS (-0,85 %)
$HNR1 (+0,48 %)
$UNH (+1,01 %)
$ALL (-0,92 %)
$601318
$CB (-1,03 %)
$ZURN (+0,79 %)
$TLX (+2,32 %)
$HSX (-0,87 %)

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53 Commentaires
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BamBamInvest@BamBamInvest
6Mo
@Simpson the chart is improving 😉 earnings today 👌
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Tenbagger2024@Tenbagger2024
6Mo
@BamBamInvest
You had a good nose.
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BamBamInvest@BamBamInvest
6Mo
@Tenbagger2024 Only time will tell, I'm not looking for quick profits here, but since the reinsurance ratio alone has been reduced from 70% to 30%, I think it was already clear that things must be going well. Let's see if the rocket has now been sustainably ignited. ✌️
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Yasin21@Yasin21
6Mo
@BamBamInvest Wow, how do you get the idea to inform yourself about the quota? I wouldn't have dreamed of it😅
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BamBamInvest@BamBamInvest
6Mo
@Yasin21 well, you don't read up on it directly, you just read the company news in the respective forums. I simply read a lot and then form an opinion. If I like a company or business model, I keep a very close eye on it.
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~ S.@Semos25
6Mo
Wow
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BamBamInvest@BamBamInvest
6Mo
@Semos25 Let's see what happens when the Americans open, short rate also relatively high.
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Cai-pirinha@Cai-pirinha
6Mo
@BamBamInvest looks ok 😀
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BamBamInvest@BamBamInvest
6Mo
@Cai-pirinha yes is quite ok, hedged my $HIMS position today 😂
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Cai-pirinha@Cai-pirinha
6Mo
@BamBamInvest luckily i only went back in today 😀 and expanded lemonade by another 10 after your post. thanks!
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Cai-pirinha@Cai-pirinha
6Mo
@BamBamInvest now there's even more drive coming in... is running after all 😀
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~ S.@Semos25
6Mo
@BamBamInvest Guess who's late again with the entry. I read up on the company and read your article, but wanted to wait for the figures. 🤦‍♀️ And now the share is flying like there's no end. Congratulations, you had a good nose!
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Kai@Kai16081989
6Mo
Hims is also steep again 😂
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BamBamInvest@BamBamInvest
6Mo
@Semos25 That's why I buy when I really want to have a company in my portfolio and then add to it. (See $ELF at the time) I was aware that the share price would rise quickly when it picked up, so I wanted to increase the position before earnings. The reduction of the reinsurance from 70% to 30% was the decisive sign for me that things must be going well, the confidence is there and the AI-based training is working. But let's see how things continue.
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BamBamInvest@BamBamInvest
6Mo
@Kai16081989 I had somehow also suspected that the headwind without GLP 1 was clear 👍
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BamBamInvest@BamBamInvest
6Mo
@Cai-pirinha 🤣🚀 Let's see if it holds up, but I now expect prices to rise sustainably. 👌
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Voir toutes les 11 autres réponses
Kai@Kai16081989
6Mo
Only Novo continues to go down 🥸
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BamBamInvest@BamBamInvest
6Mo
@Kai16081989 Patience, they'll be back
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HyperX@AxoWallStreet
6Mo
You really seem to have a golden touch 😁
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Chris@Multibagger
6Mo
@GGHyperX well, actually, my entry was the decisive point, just like at $IREN. 😉😎😂
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BamBamInvest@BamBamInvest
6Mo
@GGHyperX I'm at least trying 🤣
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BamBamInvest@BamBamInvest
6Mo
@Multibagger that's always the price acceleration, but I had stocked up strongly before the figures because I had fomo and didn't want to miss the train. 🤣
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Chris@Multibagger
6Mo
@BamBamInvest I also increased my position by 50%. From 2 to 3% of my portfolio volume.
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BamBamInvest@BamBamInvest
6Mo
@Multibagger That's the way 👍. If they can scale up properly and roll out the products further in areas that are not at risk of natural disasters (because that's where they're going in the home sector) then things will take off. In the pet market alone, which is growing strongly until 2030, if they only maintain their market share here, this would be roughly the current valuation. I am extremely bullish, especially if the gross loss ratio continues to fall. The leverage is mainly in AI, as the core of the company is built on AI and not trying to implement AI like other companies. 💪
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BamBamInvest@BamBamInvest
6Mo
@Multibagger A company with 80% growth (800,000 customers) with falling operating costs, a rare experience 👌🚀
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Chris@Multibagger
6Mo
@BamBamInvest yes, these pearls must be found!😂😎
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BamBamInvest@BamBamInvest
6Mo
@Multibagger Exactly, especially if Wall Street sees it differently, these are the opportunities you have to take advantage of. Let's see how sustainable it is now 👍
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Kai@Kai16081989
6Mo
Ok, that's wild today :)
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BamBamInvest@BamBamInvest
6Mo
@Kai16081989 seems so, some short positions are likely to be covered. 🤣
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Silas W.@DynasticGrind
6Mo
Wait a minute... This isn't a lemonade stand at all?!
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Bud@Pari_e_dispari
6Mo
@BamBamInvest Thank you for your analysis! I only came across Lemonade through you and I share your view on the company! I recently had a discussion with a friend who is an insurance broker about whether reinsurers are still necessary in the AI age. If not, primary insurers would benefit greatly from it
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BamBamInvest@BamBamInvest
6Mo
@equity_expert_599 I'm very happy to hear that! ☺️ Really an exciting company ✌️ Insurers could benefit greatly from digitization and those insurers that have been built digitally and with AI at their core could benefit even more from having a uniform system. Many insurers have to integrate so much different software from outside and do not want to move away from their old system, furthermore many do not want to become dependent on an outside company and then try to program their software themselves. That's what makes $LMND so exciting, you can't simply replicate it and it's almost impossible to switch to a large, entrenched company 👌
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Bud@Pari_e_dispari
6Mo
@BamBamInvest That's true, but I recently added an allianz to my portfolio so that I can use it for two purposes. I've read a few articles that AI is already deciding claims there too. Nevertheless, I agree that it is easier for a Lemonade with AI-focused processes to win new customers and improve margins than to completely change its old business processes.
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Cash B.@Lumimyrsky
6Mo
geil
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Dan@DanDoDan
6Mo
@BamBamInvest Thank you also for your detailed analysis recently, which prompted me to look into the company in the first place. However, I see the share as a long-term investment in my portfolio.
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BamBamInvest@BamBamInvest
6Mo
@DanDoDan With pleasure, I'm delighted! I always find it exciting when you deal with companies and can then pass this added value on to other people. Above all, several people are then also informed about it and you may come to an exchange or current news are then also shared to stay on the ball should something change. That's why my portfolio tends to be smaller, so that I can follow the companies better. If you have 20 companies and more, it becomes increasingly difficult. ☺️
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PaulPK@PaulPK
6Mo
Not yet on the radar - what exactly do they do and why can't anyone else do it?
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BamBamInvest@BamBamInvest
6Mo
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PaulPK@PaulPK
6Mo
@BamBamInvest very exciting - but easy to copy? I could build such a bot to handle insurance claims... everything else is pure math and reinsurance. Wouldn't be an investment case for me. Replicable var, catchable no own patented tech . Why are you in ?
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PaulPK@PaulPK
6Mo
@BamBamInvest but the sector is exciting
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BamBamInvest@BamBamInvest
6Mo
@PaulPK It's not that easy to copy, as you have to build the company itself from the ground up and an existing insurer cannot implement this transformation with x different systems. The system also needs to be trained, which takes years. You also cannot roll this out simultaneously for every line of business and for every federal state, as the quotation has to be made differently for each risk. First mover advantage etc. A traditional insurer has a number of different programs and systems and is usually so large and entrenched that it cannot implement this and does not want to take the risk that it will not work. The business model is also not so easy to copy and not every shareholder will like the fact that you donate part of your profits/income to charity. At least that's the superficial summary. If you're interested in the company, take a closer look and you'll see what I mean.
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BamBamInvest@BamBamInvest
6Mo
@PaulPK Take a look at the TAM, you can expand relatively quickly and don't really need staff in the various countries. An existing insurer will not simply start laying off 5,000 employees that it no longer needs.
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