The company now expects 2025 revenue to come between $727 million and $732 million, compared with the prior forecast of $710 million to $715 million.
Lemonade (LMND) stock surged over 30% in afternoon trading after the company raised its annual revenue forecast, driven by steady customer count and in-force premiums.
The firm now expects 2025 revenue to come between $727 million and $732 million, compared with the prior forecast of $710 million to $715 million.
Lemonade expects adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) loss to be between $127 million and $130 million, compared with the previous forecast of a loss of $135 million to $140 million.
President and Co-Founder Shai Wininger said during a post-earnings call that the company’s investment in automation has been paying off.
Wininger stated that, despite Lemonade’s relatively small size compared to the largest U.S. carriers, it achieved a superior level of efficiency, with a loss adjustment expense of 7% on average across all its products.
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