Lemonade reports a $0.56 per share Q2 net loss and lowers in-force premium guidance, dragging shares down 9% in premarket trade.
Lemonade shares dropped 9.03% to $56.50 in premarket trading after the insurtech firm posted a second-quarter net loss of $0.56 per share, wider than the year-ago loss of $0.60 per share.
The company also issued softer-than-expected in-force premium guidance for 2026, disappointing investors who had anticipated stronger growth metrics following recent expansion efforts.
Trading volume surged as the stock extended losses, reflecting investor concern over profitability and revenue trajectory.