Lime Files for IPO After $886.7 M Revenue Surge and Three Years of Positive Free Cash Flow

Lime, the Uber‑backed electric bike and scooter provider, submitted a U.S. IPO registration this week. The filing shows the company generated $886.7 million in revenue for 2025, up 29.1% from the prior year. It also recorded positive free cash flow—cash left after operating expenses and capital spending—for the third year in a row, a metric investors use to gauge financial health.

The company now operates in roughly 230 cities across 29 countries, making it one of the largest players in the global micromobility market. Lime plans to list under the ticker “LIME” on the Nasdaq, with Goldman Sachs, JPMorgan and Jefferies serving as lead underwriters. Proceeds are earmarked for expanding operations and reducing debt.

The filing arrives as U.S. IPO activity rebounds after a period of volatility. While sectors such as artificial intelligence and biotech have recently attracted capital, the micromobility space remains contested. Competitors have faced regulatory hurdles and high operating costs, prompting some to exit markets. Lime’s revenue growth and cash generation suggest it may be better positioned to weather these challenges.

Investors will watch whether Lime can sustain its growth trajectory while scaling its fleet of electric scooters and bikes. The company’s ability to convert revenue into consistent profitability will be a key test of the shared‑mobility model. Upcoming roadshows and the final pricing of the offering will reveal how the market values Lime’s growth story.

What to watch next: the pricing of Lime’s IPO, its debt‑reduction plan, and how the company navigates regulatory pressures as it expands into new cities.