Lime Posts Record Q2 Revenue of $304M and Guides Q3 to $340M–$360M

summarizeSummary

Lime posted record Q2 revenue of $304M (+24% YoY) and guided Q3 revenue to $340M–$360M, with full-year Adjusted EBITDA of $265M–$285M. The company also paid down all long-term debt and acquired Neuron Mobility's Canadian operations.

check_boxKey Events · Earnings and Guidance · LIME

• Record Q2 Revenue of $304M

  Revenue grew 24% year-over-year to $304 million, driven by a 22% increase in average operational fleet to 407,707 vehicles.

• Strong Profitability Metrics

  Adjusted EBITDA reached $84 million, a 28% margin, while net income of $295 million included a one-time tax benefit from releasing a valuation allowance.

• Upbeat Q3 and Full-Year Guidance

  Q3 revenue is expected between $340 million and $360 million, with Adjusted EBITDA of $120 million to $130 million. Full-year revenue is guided to $1.04 billion to $1.10 billion, with Adjusted EBITDA of $265 million to $285 million.

• Balance Sheet Strengthened

  IPO proceeds were used to pay down all outstanding long-term debt, and the company acquired Neuron Mobility's Canadian operations, expanding its footprint.

auto_awesomeAnalysis · LIME · Technology

In its first quarter as a public company, Lime delivered a standout performance with record revenue of $304 million, up 24% year-over-year, and issued strong guidance for Q3 and full-year 2026. A 22% expansion in the average operational fleet helped drive the top line, while a one-time tax benefit pushed net income to $295 million. Underlying profitability also improved, with Adjusted EBITDA reaching $84 million—a 28% margin. The company deployed IPO proceeds to retire all long-term debt and, subsequent to quarter end, expanded into Canada through the acquisition of Neuron Mobility's operations. The guidance implies accelerating growth and margin expansion, reinforcing the investment thesis.