柠檬水公司2025年季度报告

FORM10-Q Commission File Number:001-39367 Lemonade, Inc. Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes x Noo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.o Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes o No x As of May5, 2025, the registrant had73,266,170shares of common stock, $0.00001 par value per share, outstanding. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q (the "Quarterly Report") contains forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section27A of theSecurities Act of 1933, as amended and Section21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. Allstatements other than statements of historical fact contained in this Quarterly Report, including without limitation statements regardingour future results of operations and financial position, our ability to expand our business, our ability to effectively manage the growthof our business, our ability to achieve profitability, our ability to attract, retain and expand our customer base, our ability to operateunder and maintain our business model, our ability to maintain and enhance our brand and reputation, the effects of seasonal trends onour results of operations, the impact of catastrophe events or natural disasters on our results of operations, our ability to attain greater In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expect,” “plan,”“anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential”, or “continue” or thenegative of these terms or other similar expressions. The forward-looking statements in this Quarterly Report are only predictions. Wehave based these forward-looking statements largely on our current expectations and projections about future events and financialtrends that we believe may affect our business, financial condition and results of operations. These forward-looking statements speak •We have a history of losses and we may not achieve or maintain profitability in the future. •Our success and ability to grow our business depend on retaining and expanding our customer base. If we fail to add newcustomers or retain current customers, our business, revenue, operating results and financial condition could be harmed.•The "Lemonade" brand may not become as widely known as incumbents' brands or the brand may become tarnished.•Denial of claims or our failure to accurately and timely pay claims could materially and adversely affect our business,financial condition, results of operations, and prospects.•Our future revenue growth and prospects depend on attaining greater value from each user.•Reinsurance may be unavailable at current levels and prices, which may limit our ability to write new business andimpact our capital needs. Furthermore, reinsurance subjects us to counterparty risk and may not be adequate to protect usagainst losses, which could have a material adverse effect on our results of operations and financial condition. •Our limited operating history makes it difficult to evaluate our current business performance, implementation of ourbusiness model, and our future prospects. •We may not be able to manage our growth effectively. •Our proprietary artificial intelligence algorithms may not operate properly or as we expect them to, which could cause usto write policies we should not write, price those policies inappropriately or overpay claims that are made by our •Intense competition in the segments of the insurance industry in which we operate could negatively affect our ability toattain or increase profitability. •Failure to maintain