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Uber-Backed Lime Files For IPO After 29% Revenue Growth In FY25 - Citizens Financial Group (NYSE:CFG), Ev
The filing shows $886.7 million in revenue last year, but Lime is still not consistently profitable.
- Lime filed for an initial public offering on Nasdaq on Friday, with the Uber-backed scooter and e-bike company submitting documents to the SEC without disclosing offering terms.
- After at least five years of preparation, CEO Wayne Ting noted in 2023 that Lime possessed the economics and profitability needed to go public, a milestone the Uber-backed startup has pursued methodically.
- Lime reported $886.7 million in revenue last year, demonstrating growth despite net losses of $59.3 million in 2025, down from $122.3 million in 2023 according to SEC filings.
- Lime's partnership with Uber generated about 14.3% of revenue last year, while the company integrated Jump, Uber's electric bike division acquired for around $200 million in 2018.
- Operating in 230 cities and 29 countries, Lime reported free cash flow of $104 million in 2025, nearly double the prior year, positioning the company for sustained growth as a public entity.
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Total News Sources16
Leaning Left3Leaning Right1Center6Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 30%
C 60%
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