Lime files for IPO, citing growing revenue and liquidity risks
Micromobility company Lime filed for an IPO on May 8, 2026, seeking public capital despite growing revenues and significant debt obligations.
Atlas Newsdesk ·
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.