Lemonade surges after beating Q2 expectations and raising 2025 outlook

Insurtech company Lemonade reported better-than-expected results for the second quarter of 2025 and raised its full-year revenue forecast. The Israeli company's shares jumped by around 30% on Wall Street.

Lemonade ended the second quarter with revenue of $164 million, representing 35% growth year-over-year and coming in $3 million above analysts’ expectations.

The bottom line also delivered a significant surprise: the company posted a loss of 60 cents per share, beating expectations by 20 cents.

Lemonade continued improving its loss ratio (claims paid as a percentage of revenue), which declined to 67%, a notable improvement from 88% just two years ago.

These results extend the positive trend from the previous quarter, prompting the company to raise its annual revenue guidance to $710–$715 million, up from a prior forecast of approximately $660 million. For the third quarter, Lemonade expects revenue between $182 million and $186 million. By year-end, total premiums are projected to exceed $1.2 billion.