Lime IPOs on Nasdaq; FY2025 revenue up 29% to $887M
Lime, the Uber-backed micromobility operator, went public on the Nasdaq on 1 July 2026 under the ticker LIME, pricing its IPO at $25 per share (the midpoint of its $24–$26 range). The company (formally Neutron Holdings) sold roughly 6.96 million shares, raising about $167m and implying a market capitalisation of around $1.6bn. Roughly $115m of proceeds are earmarked to repay its senior secured term loan.
- Revenue: $886.7m, up 29% year on year (from $686.6m in 2024 and $522.0m in 2023).
- Adjusted EBITDA: $218.1m, up 42% year on year.
- Operating income: $70.4m, positive for a second consecutive year.
- Net loss: $(59.3)m, widening from $(33.9)m in 2024 (driven by debt-related items, not operations).
- Free cash flow: positive $103.8m, a third consecutive year of positive FCF.
Operating KPIs (FY2025): around 19 million riders and 3.8 million monthly active users (up 21%) across roughly 230 cities in 29 countries; revenue per vehicle per day up 10%; the largest shared micromobility operator globally, nearly 3× the next largest by monthly active users. Uber, its largest outside shareholder, accounted for about 14% of 2025 revenue.
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