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5h ago

Lime Files for Nasdaq IPO as Revenue Climbs and Cash Flow Stays Positive

The move will test whether investors still back shared micromobility despite recent operator failures.

A row of e-scooters on the first day of an e-scooter rental trial in the Kensington and Chelsea district of London, U.K., on Monday, June 7, 2021. Transport for London and London Councils started the trial on June 7, with operators Dott, Lime and TIER, according to an emailed statement. Photographer: Jason Alden/Bloomberg via Getty Images
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Overview

  • Lime, which filed Friday with the SEC, plans to list on Nasdaq under the ticker LIME with Goldman Sachs, J.P. Morgan and Jefferies as underwriters, and it has not disclosed deal terms.
  • The company says proceeds will fund day-to-day operations and pay down all outstanding debt, with room to buy complementary technology if opportunities arise.
  • Revenue rose to $886.7 million in 2025 from $686.6 million in 2024 and $521 million in 2023, and free cash flow stayed positive for a third straight year.
  • Lime is still losing money, reporting a net loss of $59.3 million in 2025 after a $33.9 million loss in 2024.
  • An exclusivity deal puts Lime rides inside the Uber app in most shared markets, and that channel produced about 14.3% of Lime’s 2025 revenue.