Lime, also known as Neutron Holdings, has officially submitted its filing for an initial public offering (IPO) with the Securities and Exchange Commission. The company, recognized for its electric scooters and bicycles, aims to leverage its substantial revenue growth as it transitions to a publicly traded entity.
In 2023, Lime generated $521 million in revenue, with projections indicating increases to $686.6 million in 2024 and $886.7 million in 2025. Despite this growth, the company reported a net loss of $59.3 million for 2025 and incurred an additional $61.3 million in losses during the first quarter of 2026. As of late 2025, Lime operated in around 230 cities across 29 countries.
CEO Wayne Ting highlighted in the filing that Lime had surpassed one billion trips by the end of 2025. However, the filing also warns potential investors about the risks associated with its ongoing financial losses and the uncertain path to profitability, especially in light of competitors like Bird, which faced bankruptcy following its public offering.