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Neutron Holdings (LIME) investor relations material
Neutron Holdings Registration filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Company overview and business model
Operates the largest global shared micromobility platform, offering e-scooter and e-bike rentals in ~230 cities across 29 countries as of December 31, 2025.
Vertically integrated model with proprietary hardware, software, data analytics, and government relations expertise.
Revenue generated primarily from pay-as-you-go rides and subscription products (LimePass, LimePrime); 72% of 2025 revenue from pay-as-you-go, 28% from subscriptions.
Strategic partnerships, notably with Uber, provide access to a global user base and accounted for 14–16% of annual revenue in recent years.
Focus on sustainable, carbon-free urban transportation, with a mission to make transportation shared, affordable, and carbon-free.
Financial performance and metrics
2025 revenue: $886.7M (29% YoY growth); 2024: $686.6M; 2023: $522.0M.
2025 gross profit: $345.4M (23% YoY growth); adjusted gross profit: $467.2M (27% YoY growth).
Net losses: $59.3M in 2025, $33.9M in 2024, $122.4M in 2023.
Adjusted EBITDA: $218.1M in 2025 (42% YoY growth); $153.4M in 2024; $99.8M in 2023.
Q1 2026 revenue: $170.2M (32% YoY growth); net loss: $61.3M.
As of March 31, 2026: $261.3M in cash and cash equivalents; $845.8M in debt due within 12 months, raising substantial doubt about going concern absent IPO proceeds.
Use of proceeds and capital allocation
Net proceeds will be used to repay all outstanding indebtedness under the Senior Secured Term Loan, with remaining funds for general corporate purposes, working capital, operating expenses, and capital expenditures.
May use a portion of proceeds for strategic acquisitions or investments in complementary technologies, assets, or IP.
Management will have broad discretion in the use of proceeds.
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