Q3财报超预期并上调业绩指引 Lemonade(LMND.US)涨超17%

Core Viewpoint - Lemonade's stock price surged over 17% to $68.87 following the release of its stronger-than-expected Q3 earnings report and the upward revision of its full-year and 2025 fiscal guidance [1] Financial Performance - The company reported a GAAP loss per share of $0.51, better than the market expectation of a $0.70 loss and significantly improved from a loss of $0.95 in the same period last year [2] - Q3 revenue reached $19.45 million, exceeding market expectations of $18.51 million and representing a 42% year-over-year growth [2] - As of September 30, the in-force premium reached $1.158 billion, surpassing the market consensus of $1.150 billion and showing substantial growth from $889 million in the same quarter last year [2] Customer Metrics - The number of customers increased by 24% year-over-year to 2.869 million, maintaining the growth rate from the previous quarter [2] - The average premium per customer rose to $403, up from $384 in the same period last year [2] Loss Ratios and Cash Flow - The net loss ratio improved from 69% in the previous quarter to 64%, significantly better than 81% in the same quarter last year [2] - The adjusted EBITDA loss for Q3 was $26 million, which was better than the market expectation of a $34.6 million loss and a significant reduction from a loss of $40.9 million in Q2 [2] - Adjusted free cash flow was $18 million, although lower than the same period last year, it still maintained a positive inflow [2] Future Guidance - The company raised its 2025 revenue guidance from $710 million to $732 million, with a midpoint of $730 million, which is notably higher than the market estimate of $714 million [1] - The adjusted EBITDA loss for 2025 is expected to narrow to between $127 million and $130 million, better than the previous guidance of $135 million to $140 million and the market estimate of $135 million [1] - For Q4, Lemonade anticipates an adjusted EBITDA loss between $13 million and $16 million, aligning closely with market expectations, and revenue is projected to be between $21.7 million and $22.2 million, above analyst estimates of $21.4 million [1]