Lime Posts 29% Revenue Surge and Three‑Year Cash Flow Turnaround Ahead of Nasdaq Debut

*TL;DR Lime reported $886.7 million in 2025 revenue, a 29.1% YoY rise, and three consecutive years of positive free cash flow, paving the way for a Nasdaq listing under LIME with Goldman Sachs, JPMorgan and Jefferies as underwriters.*

Context\ The micromobility sector has struggled to prove profitability, with many rivals exiting or remaining private. Investor appetite for transportation tech has revived, reflected in a broader rebound of U.S. IPO activity across AI, biotech and defense. Lime, backed by Uber Technologies, operates electric bikes and scooters in roughly 230 cities across 29 countries, making it one of the largest players in the space.

Key Facts\ - 2025 revenue reached $886.7 million, a 29.1% increase from 2024.\ - The company generated positive free cash flow for the third straight year, indicating that operating cash after capital expenditures now exceeds cash outflows.\ - Lime will list on Nasdaq under the ticker LIME. The underwriting syndicate includes Goldman Sachs, JPMorgan Chase and Jefferies.\ - Proceeds are earmarked for expanding operations and reducing debt, a common use of IPO capital to strengthen balance sheets.

What It Means\ The revenue jump signals that Lime’s expansion strategy—adding fleets, extending contracts with municipalities and leveraging Uber’s logistics network—is gaining traction. Consistent free cash flow suggests the company has moved beyond the cash‑burn phase typical of early‑stage mobility firms, improving its financial resilience.

For investors, the filing offers a benchmark against peers such as Bird and Spin, which have yet to demonstrate sustained cash‑flow positivity. Lime’s ability to scale while maintaining cash generation could set a new profitability standard in micromobility, potentially influencing valuation multiples for future listings.

The Nasdaq debut will test market confidence in shared electric transport as a long‑term growth engine. Analysts will watch the pricing range, initial trading price and post‑IPO share performance to gauge appetite. The next data point will be the final prospectus, which should reveal the offering size and implied market capitalization, allowing a direct comparison with sector peers.

*Watch for Lime’s pricing details and early trading dynamics to assess whether the market rewards its cash‑flow turnaround.*