Arabic version: إفصاحات لايم المالية تسلط الضوء على الديون وتكاليف التوسع

According to The Guardian, Lime’s first public financial documents show a rapidly expanding shared ebike and e-scooter business that has not yet turned profitable. The company’s parent, Neutron Holdings, debuted on Nasdaq on 1 July, raising US$167m from Uber and other investors, largely to reduce debt.

Lime reported US$887m in revenue for 2025 after revenue rose 30% annually since 2023. It operated an average fleet of 325,000 vehicles in 2025, up from 229,000 in 2023, and served 19 million riders across about 230 cities in 29 countries. Each vehicle generated an average of US$7.47 a day, while 28% of earnings came from bundles and subscriptions rather than standard pay-per-minute trips.

The company spent US$98m on new vehicles during 2025, estimating a bike or scooter costs about $1,300 and takes a year to pay for itself. It also recorded US$271m in back-end operating costs and held US$57m in reserve for estimated personal injury claims. Total operating expenses reached US$946m, exceeding revenue by US$59m.

Filings said Lime faced US$846m in debt repayments within the next year and could have been forced to shut down without additional funding. Uber, Lime’s largest shareholder, owns more than 23% of the business and has supported its debt. Bookings through Uber’s app generated US$126m, or more than 14%, of Lime’s 2025 revenue.

Gad Allon, a professor at the University of Pennsylvania’s Wharton School, said Lime appeared financially healthy but had expanded too quickly to fund itself. Chief executive Wayne Ting said adding vehicles in existing cities improves fleet density and reliability. Lime grew fleets in existing markets by 16% in 2025 and plans to test tandem riding, longer trips and new pricing plans.