Neutron Holdings' Nasdaq Debut Clears $846 Million Lime Debt as Revenue Reaches $887 Million
Updated
Updated · The Guardian · Jul 23
Neutron Holdings' Nasdaq Debut Clears $846 Million Lime Debt as Revenue Reaches $887 Million
2 articles · Updated · The Guardian · Jul 23
Summary
$846 million in near-term debt was wiped out or repaid after Lime parent Neutron Holdings listed on Nasdaq on July 1, removing a funding crunch the company said could have forced a shutdown.
$887 million in 2025 revenue still was not enough to cover Lime's $946 million in operating expenses, leaving the scooter and e-bike operator with a $59 million operating loss and a warning it may never turn a profit.
325,000 vehicles across about 230 cities drove 30% annual revenue growth since 2023, but the expansion is capital-heavy: Lime spent $98 million on new vehicles in 2025, with each unit costing about $1,300.
19 million riders used Lime in 2025, and Uber remains central to the model—owning more than 23% of the company and generating $126 million, or more than 14%, of revenue through app bookings.
Lime says improving free cash flow and denser fleets in existing cities can support growth, but analysts say its outlook still depends heavily on regulator support and continued alignment with Uber.