Lime Announces Third Quarter 2026 Financial Results

What happened

Lime reported record third quarter 2026 revenue of $361 million, up 20% year-over-year. It exceeded $1 billion in trailing twelve-month revenue for the first time. Net income was $44 million, up 41% year-over-year, at a 12% margin.

Confirmed

Global impact / market context

Crossing $1 billion in trailing twelve-month revenue shows Lime's shared bike and scooter rentals are selling more broadly. But the company says spending on local markets and its LimePrime subscription will temporarily hurt near-term margins, meaning profit per sale could shrink while it chases loyalty and market share.

Analyst inference

Lime frames its choices as prioritizing long-term value over short-term metrics. Targeted market investments and LimePrime growth may pressure near-term margins, which means less profit per sale, even as adjusted EBITDA, a profit measure excluding certain costs, showed a 33% margin.

Analyst inference

What to watch

1. Lime updated its full year 2026 guidance, so watch whether the updated numbers keep the 20% revenue growth pace and the $44 million quarterly profit trend intact. Confirmed
2. Lime plans targeted market investments and faster LimePrime subscription growth. Watch whether these spending plans raise costs enough to pull near-term margins below the reported 12% net income margin and 33% adjusted EBITDA margin. Proposed
3. Watch the average operational fleet of 447,184 vehicles, which means the shared bikes and scooters available to rent. Faster fleet growth would signal more capital spending on vehicles and could lift revenue if each vehicle earns enough. Analyst inference

Evidence

• globenewswire.com