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

Key Points

• Neutron reported quarterly EPS of $0.63, beating the $0.43 consensus estimate by $0.20. Revenue reached $361 million, up 20% year over year, and trailing-12-month revenue topped $1 billion for the first time.
• LimePrime subscribers took eight times as many trips as pay-as-you-go riders, had three times higher retention, and generated twice the adjusted gross profit.
• Competition and market expansion pressured revenue per vehicle, while the company’s decision not to match rivals’ pricing weighed on utilization and EBITDA. Neutron cut full-year adjusted EBITDA guidance to $253 million–$255 million and expects European competitive pressure to persist through 2026.

Neutron (NASDAQ:LIME - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate 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 Performance

NASDAQ LIME traded up $2.90 on Tuesday, hitting $25.48. The company's stock had a trading volume of 508,369 shares, compared to its average volume of 366,665. The firm has a market capitalization of $1.66 billion and a price-to-earnings ratio of -2,548.00. Neutron has a 52-week low of $22.07 and a 52-week high of $44.38. The firm's 50-day simple moving average is $30.65.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. William Blair started coverage on Neutron in a research report on Monday, July 27th. They set an "outperform" rating on the stock. Jefferies Financial Group set a $45.00 price objective on Neutron in a report on Monday, July 27th. Zacks Research upgraded Neutron to a "hold" rating in a research report on Tuesday, July 28th. The Goldman Sachs Group assumed coverage on Neutron in a report on Monday, July 27th. They set a "buy" rating and a $39.00 price objective on the stock. Finally, Citizens Jmp dropped their target price on Neutron from $45.00 to $33.00 and set a "market outperform" rating for the company in a research report on Monday, October 26th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.

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