"Revenue is climbing, it has positive free cash flow, and net losses narrowed after 2023, although there has been a slight uptick between 2024 and 2025. Uber, which invested in Lime several years ago, still plays an important role for the company. Lime said about 14.3% of its revenue came through its partnership with Uber, which allows customers to find and rent scooters and e-bikes through its app."
"Lime has about $1 billion in current liabilities, and about $675.8 million of that is due by the end of 2026. In all, about $846 million is due within 12 months. Lime does not have sufficient liquidity to pay that, according to its filing."
"Lime states it plainly in the S-1: If it can't go public and raise the necessary capital, or change its debt agreements, it may not be able to continue operating as a business."
Lime, an Uber-backed electric bike and scooter rental company, filed an S-1 registration statement for an initial public offering. Revenue is increasing and free cash flow is positive, while net losses narrowed after 2023, with a slight uptick between 2024 and 2025. Uber remains important, with about 14.3% of revenue coming from its partnership that enables customers to find and rent scooters and e-bikes through the Uber app. Despite signs of progress toward profitability, Lime has about $1 billion in current liabilities, including $675.8 million due by the end of 2026 and about $846 million due within 12 months. Lime states it lacks sufficient liquidity to pay these obligations and warns that failure to go public and raise capital or to change debt agreements could threaten continued operations.
Read at TechCrunch
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