Lemonade Inc. ($LMND) reported a third-quarter revenue of $136.6 million, an increase of $22.1 million or 19% compared to the same period in 2023. This growth was attributed to higher gross earned premiums, ceding commission income, and net investment income. The company's gross profit for the quarter was reported at $37.5 million. Following the earnings announcement, shares of Lemonade surged nearly 30%, indicating strong market interest and potential for short squeezes as investors reacted positively to the financial results.