The Japanese funding large is not a celebration in curiosity within the Israeli digital insurance coverage firm.
Japanese funding large SoftBank just lately is not a celebration in curiosity in Israeli digital insurance coverage firm Lemonade (NYSE: LMND), which over the weekend reported its shareholders on the finish of the third quarter of 2025. The report exhibits that SoftBank continued decreasing its holdings in Lemonade and throughout the third quarter offered 40% of its shares.
Because the finish of 2024, SoftBank’s holding within the digital insurance coverage firm has declined by about 67%. On the finish of the third quarter, SoftBank held about 3.6 million Lemonade shares, which is about 4.8% of Lemonade’s share fairness. Consequently, it’s not a celebration in curiosity within the firm. SoftBank invested in Lemonade when it was a personal firm, and on the time of its preliminary public providing (IPO) in New York in 2020, it held over 25% of the corporate’s shares.
Lemonade share worth fell 6% final week, after the corporate’s inventory reached a greater than 4-year peak firstly of the week. Lemonade, managed by cofounders Daniel Schreiber (CEO) and Shai Wininger (president), has a market cap of $5.268 billion. The inventory’s peak got here after the corporate revealed better-than-expected monetary outcomes for the third quarter, by which income grew 42.4% to $195 million, GAAP internet loss narrowed 44.6% to $37.5 million, and adjusted EBITDA was unfavorable at $25.6 million, an enchancment of 47.8% in contrast with the corresponding quarter.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on November 16, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
Lemonade cofounders Daniel Screiber and Shai Wininger