Lemonade (LMND) Soars 29% on Higher Growth Outlook

We recently published 10 Stocks With Surprising Gains Amid Market Meltdown. Lemonade, Inc. (NYSE:LMND) is one of the best-performing stocks on Tuesday.

Lemonade soared by 29.54 percent on Tuesday to close at $47.93 apiece as investors cheered a higher growth outlook for full-year 2025 despite posting a mixed earnings performance in the past quarters of the year.

In a letter to its shareholders, Lemonade, Inc. (NYSE:LMND) said it was raising its full-year revenue guidance to $710 million to $715 million, versus the $661 million to $663 million previously.

Outlook for adjusted EBITDA loss was maintained at a range of $135 million to $140 million.

For the third quarter, Lemonade, Inc. (NYSE:LMND) targets to rake in between $183 million and $186 million in revenues and post adjusted EBITDA loss of $34 million to $37 million.

In the second quarter of the year, Lemonade, Inc. (NYSE:LMND) narrowed its net loss by 23 percent to $43.9 million from $57.2 million in the same period last year, as total revenues grew 34 percent to $164.1 million from $122 million year-on-year.

Source: Pexels

In the first half, net loss widened by 1.7 percent to $106.3 million from $104.5 million, while revenues grew by 31 percent to $315.3 million from $241.1 million year-on-year.