
Breaking!! 🚨 Largest shared micromobility company @limebike is going public and just filed their S1. 🚀 Here is everything you need to know: 👉Revenue grew 29% to $886.7m in 2025, up from $686.6m in 2024 and $522m in 2023. 👉Net loss widened to $59.3m in 2025, vs $33.9m in 2024 👉Geography split (2025 revenue): - United States: 32% of total (~$284m) - United Kingdom: 22% (~$195m) - France: 10% (~$89m) - Rest of world: 36% 👉Gross profit hit $345.4m in 2025 (39% margin), up from $281m in 2024 👉Adjusted EBITDA reached $218.1m (+42% YoY), with Q1 2026 already up 250% YoY to $7.5m. 👉Operating income turned positive at $70.4m in 2025 vs the $24.6m loss in 2023. 👉19 million riders served globally in 2025, across 230 cities in 29 countries. 👉Globally, Lime is nearly 3× the size of the next largest operator by monthly active users 👉E-scooters + e-bikes operated under an exclusive distribution partnership with Uber, which drove ~14% of total revenue in 2025. 👉Marketing spend: just ~2% of revenue. 👉116% operational fleet retention rate in 2025 👉Accumulated deficit stands at $806m. Working capital is negative $529m. 👉4.3B+ shares in outstanding options and 2.1B+ RSU shares vest at IPO or thereafter. 👉Cash in the bank: $261.3m 👉Senior Secured Term Loan: $114.2m classified as current (due within 12 months). The IPO proceeds are earmarked specifically to repay this in full. 👉2020 Notes outstanding: $209.6m (includes the $85m @Uber Note + $85m Investor Notes plus accrued interest). These convert to equity at IPO and so, not a cash obligation. 👉2021 Notes outstanding: $682.9m will also convert to equity at IPO, not repaid in cash. 👉Total debt converting at IPO: ~$892m, which is a massive equity dilution event for incoming shareholders. This is a massive milestone for the industry and one which we've been waiting for. Current debt level is concerning, but if the IPO is successful, most of the debt on the books will either convert or be repaid. ~30% growth at this scale is incredible! We've also seen similar growth numbers at @voitechnology. Market is still massive and current companies including Lime haven't covered enough. imo, there is much more room for growth. I'm hoping that the filing will be well received and that they have a successful IPO. If they do, every company in this segment will reap the rewards and may be many more will go public. Congrats @wayneting and the entire Lime team 👏























