11:27 AM EST, 11/05/2025 (MT Newswires) -- (Updates with the latest stock price movement in the headline and the first paragraph.)

Lemonade (LMND) shares rose more than 26% in recent Wednesday trading after the company posted better-than-expected Q3 revenue and higher full-year revenue guidance.

The company reported a Q3 net loss Wednesday of $0.51 per diluted share, narrowing from a loss of $0.95 a year earlier.

Four analysts polled by FactSet expected a loss of $0.75.

Revenue for the quarter ended Sept. 30 was $194.5 million, up from $136.6 million a year earlier.

Analysts surveyed by FactSet expected $184.9 million.

For Q4, the company expects revenue of $217 million to $222 million. Analysts are looking for $214 million.

For 2025, Lemonade now expects revenue of $727 million to $732 million. Analysts are looking for $714.3 million.

The company previously projected full-year revenue at $710 million to $715 million.

Price: 74.05, Change: +15.39, Percent Change: +26.23