Lemonade, Inc. (LMND) · Nov 4, 2026 · Earnings

Lemonade earnings beat as revenue guidance rises, losses linger

Beat — Revenue $336.1M vs ~$329M consensus; EPS $(0.56) vs ~$0.59 loss consensus

Lemonade’s Q3 earnings beat consensus and lifted 2026 revenue and GEP guidance, but higher claims costs and spending kept GAAP losses elevated.

Lemonade is scaling an AI-native insurance platform through faster geographic expansion, broader Car availability, and new distribution opportunities while pursuing its first positive Adjusted EBITDA quarter in Q4 2026. The quarter advances that growth-and-profitability story, but not cleanly.

The quarter beat the published bar. Revenue reached $336.1 million and diluted EPS was $(0.56), ahead of pre-filing published expectations of roughly $329 million and $(0.59), respectively. Lemonade also delivered $1.55 billion of IFP, up 34%, while customers grew 23% to 3.52 million.

Metric	Q3 2026	Q3 2025	Consensus
Revenue (Financial Highlights)	$336.1M (+73%)	$194.5M	~$329M
Diluted EPS (Income Statement)	$(0.56)	$(0.51)	~$(0.59)
Adjusted EBITDA (Financial Highlights)	$(20.4M)	$(25.6M)
Gross loss ratio (Insurance Supplement)	65%	62%
Gross profit margin (Key Metrics)	35%	41%

Guidance moved higher where it matters for near-term revenue. Lemonade reiterated its $1.632–$1.639 billion FY26 IFP target, but raised FY26 GEP guidance to $1.382–$1.386 billion from the prior $1.369–$1.373 billion range and revenue guidance to $1.231–$1.235 billion from $1.197–$1.203 billion. It also maintained the expected first positive Adjusted EBITDA quarter in Q4. 〔0〕

The growth engine is working, but underwriting economics softened. Adjusted gross profit increased 49% to $120.5 million, and the ratio of adjusted gross profit to GEP improved to 33% from 29% a year earlier. However, the gross loss ratio rose to 65% from 62%, while gross profit margin fell to 35% from 41%. The deterioration was particularly visible in Pet, Car, and Europe, with Europe’s gross loss ratio reaching 104%. That makes the stronger revenue figure less clean than the headline growth rate suggests.

Profitability is improving on an adjusted basis, but spending remains the bridge. Adjusted EBITDA loss narrowed to $20.4 million from $25.6 million, and operating cash flow turned positive at $7.3 million. But net loss widened to $43.7 million from $37.5 million, helped by higher stock-based compensation and interest expense, while growth spend rose $24.5 million year over year.

The next proof point is whether growth converts into durable margins. Lemonade ended the quarter with $1.2 billion of cash and investments and continued expanding Renters and Car availability, but the higher loss ratio means the Q4 profitability target depends on marketing efficiency and expense leverage arriving without further underwriting slippage. 〔1〕

Bottom line: This was a modest beat with higher revenue guidance, strengthening Lemonade’s growth story. The result is not a clean acceleration toward profitability because claims costs and customer-acquisition spending both moved higher, leaving execution—not demand—as the key issue for the next leg of the story.

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Investor Day, November 17, 2026

Original filing on SEC EDGAR

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AllSight · BlackBerry Q2 FY27

Revenue $163.3M vs ~$144M expected; adjusted basic EPS $0.07 vs ~$0.04 consensus — a real upside surprise.Income statement
QNX revenue +27% to $80.3M; segment EBITDA $29.0M from $20.5M. “Record performance… core automotive.”Segment — QNX
Licensing jumped to $22.1M from $6.6M — it amplified the beat, but it's less recurring than QNX, so the quality sits in QNX.Segment — Licensing
FY27 guide lifted to $616–636M rev / $141–158M EBITDA, above the prior $594–621M / $119–139M framework.Guidance
QNX growth, margins, cash and a raised outlook all beat. But licensing amplified it and Secure Comms is flat — net retention 91% from 93%.Segment — Secure Comms

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Events/ANDE/8-K · Earnings

8-K · Item 2.02 · Earnings

The Andersons — a record Renewables quarter that beat profit expectations

Filed Aug 3, 2026ANDE · NASDAQ

AllSight readBeatPriced in▲ 1.8% since filed · reaction agrees

adj. EPS $2.15 vs ~$1.48 consensus

This filing tests whether The Andersons' sharp profit increase reflects broad operating improvement or a one-off renewable-fuels boost. It also separates strong adjusted earnings and cash generation from the quarter's legal and impairment charges.

The quarter was substantially stronger than both last year and the published earnings expectation. Adjusted EPS reached $2.15, versus $0.24 a year earlier and above the published consensus of about $1.48; reported EPS was $1.65. Adjusted EBITDA more than doubled to $140 million, while sales slipped modestly — the improvement came from margins and operating performance rather than higher revenue. Financial Highlights · Statements of Operations

Q2 ($M, exc. per-share)	Q2 2026	Q2 2025	YoY
Sales & merchandising revenue	3,097.7	3,135.9	−1%
Net income (attributable)	56.6	7.9	+48.7
Diluted EPS	1.65	0.23	+1.42
Adjusted EPS	2.15	0.24	+1.91
Adjusted EBITDA	140.3	65.2	+75.1
Agribusiness adj. pretax	20.3	16.8	+3.5
Renewables adj. pretax	88.4	9.6	+78.8
Cash from operations	487.9	299.3	+188.6
Cash from ops (pre-WC)	112.9	42.9	+70.1

Renewables drove nearly all of the upside — the operating backdrop was strong, but the result also benefited materially from tax credits. Renewables' adjusted pretax income rose to $88 million on record production, stronger ethanol margins and merchandising gains. It also received $24 million of 45Z producer tax credits, so this was not solely a repeatable plant-margin improvement; the company did cite healthy export and domestic ethanol demand as supportive. Renewables — Record Q2 · Segment Data

Agribusiness improved, but it was a supporting contributor rather than the main earnings engine. Adjusted pretax income increased to $20 million as fertilizer margins improved and merchandising benefited from commodity-price volatility, despite lower fertilizer volumes. Agribusiness — Improved Q2 · Segment Data

Cash generation improved and funding capacity is comfortable, while reported earnings still absorbed meaningful non-core costs. Operating cash flow was $488 million ($113 million before working-capital changes); capital spending was $76 million. Adjusted EPS excludes $0.50 of legal-settlement, impairment and transaction items, so the $2.15 adjusted result runs ahead of the $1.65 reported. Leverage stays below the <2.5× debt-to-EBITDA target; no new quantified full-year outlook was given. Cash & Liquidity · Adjusted Net Income

Community sentiment · 612 votes

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Lemonade earnings beat as revenue guidance rises, losses linger

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