Neutron (NASDAQ:LIME) Releases Quarterly Earnings Results, Beats Estimates By $0.20 EPS

Neutron (NASDAQ:LIME) issued its quarterly earnings results on Tuesday. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.20, Zacks reports.

Here are the key takeaways from Neutron’s conference call:

• Revenue reached $361 million in Q3, up 20% year over year, while trailing-12-month revenue surpassed $1 billion for the first time. Adjusted EBITDA was $118 million, net income was $44 million, and free cash flow was $91 million.
• LimePrime adoption is showing strong early economics: subscribers took eight times as many trips as pay-as-you-go riders, had retention rates three times higher than non-subscribers, and generated twice the adjusted gross profit.
• Revenue per vehicle per day declined 4.8% year over year to $8.77, primarily because of newer-market expansion and heightened competition in parts of Europe. The company’s decision not to match competitors’ aggressive pricing reduced utilization and caused Q3 adjusted EBITDA to fall short of expectations.
• Lime expects European competitive pressure to continue through the remainder of 2026 and plans to increase Q4 spending on fleet reliability, compliance, and technology. Q4 adjusted EBITDA is forecast at $43 million-$45 million, an approximately 18% margin, while full-year EBITDA guidance was reduced to $253 million-$255 million.
• The company continues to expand its operational fleet, which grew 26% year over year to 447,000 vehicles, with notable growth opportunities in Australia, Canada, and existing markets. Lime also ended the quarter with $453 million in cash and no long-term debt.

Neutron Stock Up 12.8%

NASDAQ:LIME traded up $2.90 on Tuesday, reaching $25.48. 508,369 shares of the stock traded hands, compared to its average volume of 366,665. The firm has a market capitalization of $1.66 billion and a P/E ratio of -2,548.00. Neutron has a 12 month low of $22.07 and a 12 month high of $44.38. The stock’s fifty day moving average is $30.65.

Analyst Upgrades and Downgrades

LIME has been the subject of several recent research reports. William Blair started coverage on shares of Neutron in a report on Monday, July 27th. They set an “outperform” rating for the company. The Goldman Sachs Group started coverage on Neutron in a research note on Monday, July 27th. They issued a “buy” rating and a $39.00 price target on the stock. JPMorgan Chase & Co. started coverage on Neutron in a research report on Monday, July 27th. They set an “overweight” rating and a $35.00 price objective for the company. KeyCorp lifted their price objective on Neutron from $33.00 to $37.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Finally, Zacks Research raised Neutron to a “hold” rating in a report on Tuesday, July 28th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Neutron has an average rating of “Moderate Buy” and an average price target of $37.14.

About Neutron

Lime is the largest global shared micromobility business. We are on a mission to build a future where transportation is shared, affordable, and carbon-free. Lime provides convenient and reliable short-term rentals of e-scooters and e-bikes at an affordable price. As of December 31, 2025, we operated in approximately 230 cities(1) across 29 countries(2). In 2025, we delivered a seamless rider experience to approximately 19 million riders. Our market leadership and scale have made Lime a widely recognized brand — valued by riders for our availability and trusted by cities for our operating track record.