Overview
- Lime filed an S-1 with the SEC to list on Nasdaq and said it may not be able to keep operating without raising new money or changing its debt terms.
- The filing reports about $1 billion in current liabilities, including roughly $846 million that comes due within the next 12 months.
- Revenue rose 29% to $886.7 million in 2025 and free cash flow stayed positive, yet the company still booked a $59.3 million net loss in 2025 and a $61.3 million loss in the first quarter of 2026.
- Reliance on a few channels and markets is high, with 14.3% of 2025 revenue flowing through Uber’s app and 22.2% of revenue coming from the U.K.
- Lime has not released the IPO’s price or size, and its risk section even cites city rules and potholes that can damage scooters as investors weigh whether the deal can cover the near-term cash gap.