Lime Files for IPO Disclosing $886.7 Million Revenue in 2025 While Remaining Unprofitable

Lime filed for an initial public offering with the Securities and Exchange Commission on Friday, May 8, 2026. The micromobility company, officially known as Neutron Holdings, had teased ambitions of going public back in 2021. Founded in 2017, Lime quickly won backing from major companies like Uber.

The company offers short-term rentals of its bright green scooters and bicycles that appear on streets in cities around the world. Lime earned $521 million in revenue in 2023. 7 million in 2025, according to figures in its SEC filing.

As of the end of 2025, Lime operated in approximately 230 cities across 29 countries. Wayne Ting, CEO of Lime, noted in the letter from the CEO accompanying the IPO filing that the company had surpassed one billion trips in 2025. The company remains unprofitable.

3 million in the first quarter of 2026. Engadget reported that the IPO filing may help Lime address its ongoing losses. The filing indicated that buying Lime's common stock could open investors up to risk factors, including its history of net losses and the potential for not being able to achieve or maintain profitability in the future.

Lime's competitors have tried and failed to achieve profitability. Bird went public and then filed for bankruptcy in 2023. The electric scooter rental company Lime has filed for IPO, marking a significant step for the startup that began operations eight years earlier.

Its revenue trajectory shows consistent expansion even as it works to reach sustained profitability after years of investment in global operations.