Lime raises $167M in IPO after years of teasing a public debut

Amid the chaos, Lime has managed to improve its revenue over the last few years. It generated $521 million in 2023, $686.6 million in 2024, and $886.7 million last year. The company also trimmed its losses from $122.3 million in 2023, to just $33.9 million in 2024, though that figure edged back up in 2025 to $59.3 million.

That growth has come largely from Lime’s ability to scale globally. It now operates in 230 cities across 29 countries. But the company is also somewhat dependent on Uber, which owns 24% of Lime, and accounted for more than 14% of its revenue last year. (Uber allows people to book Lime rides through its app in some cities.)