A360
Key Takeaways✦ Atlas AI
01
Lime filed for IPO on May 8, 2026.
02
Company reported $886.7M revenue in 2025.
03
Lime faces $846M debt due by end-2026.
Atlas AI
Lime, the Uber-backed micromobility company incorporated as Neutron Holdings, Inc., has filed for an initial public offering with the U.S. Securities and Exchange Commission, according to a filing dated May 8, 2026. The company said it intends to list on Nasdaq under the ticker symbol “LIME.”
The filing outlines a business that has reported rising revenue but continued net losses. Lime reported revenue of $521 million in 2023, $686.6 million in 2024, and $886.7 million in 2025. Net losses were $122.3 million in 2023, narrowed to $33.9 million in 2024, and widened to $59.3 million in 2025.
Lime also reported positive free cash flow over the past three years, reaching $104 million in 2025, nearly double the prior year’s figure.
At the same time, the company disclosed substantial liabilities and a need for additional financing. Lime reported about $1 billion in current liabilities, including roughly $846 million due by the end of 2026. It said it does not have sufficient liquidity to cover those obligations, citing $261 million in cash as of March 31, 2026.
In the filing, Lime said there is “substantial doubt” about its ability to continue as a going concern without raising funds through the IPO or other financing.
