Key Highlights

  • Lime (NASDAQ:LIME) traded at USD 19.33 intraday on November 4, 2026, down 24.13%, on about 423,020 shares with a market Capitalization near USD 1.26 billion.
  • Third quarter Revenue rose 20% to USD 360.6 million from USD 301.6 million, and Net Income was USD 43.7 million, according to the company release dated November 3, 2026.
  • Fourth quarter guidance calls for revenue of USD 240 million to USD 250 million and adjusted EBITDA of USD 43 million to USD 45 million.
  • Full-year 2026 guidance is revenue of USD 1.04 billion to USD 1.1 billion, adjusted EBITDA of USD 253 million to USD 255 million and capital spending of USD 172 million to USD 177 million.

What Moved Lime During Trading (down USD 6.15, 24.13%)

Lime (NASDAQ:LIME) traded at USD 19.33 during regular hours on November 4, 2026, which is 24.13% lower. The implied prior close is USD 25.48 (calculated as USD 19.33 divided by 0.7587), so the decline is about USD 6.15 per share. Lime released third quarter results on November 3, 2026 and held its call at 5:00 p.m. ET, so this is the first full session to price the report and the guidance. Intraday data showed about 423,020 shares traded and a relative Volume of 1.09. The shares priced at USD 25.00 in the June 2026 Nasdaq offering, so the stock now trades below that level, a gap that is simple arithmetic on two published prices.

Third Quarter Results Versus the Fourth Quarter Outlook

The company release reported third quarter revenue of USD 360.6 million, up 20% from USD 301.6 million, and net income of USD 43.7 million. Adjusted EBITDA was USD 118.4 million, a 32.8% Margin versus 35.4% a year earlier. Free Cash Flow was USD 90.6 million, and cash and equivalents were USD 417.7 million at September 30, 2026. The average operational fleet grew 26% to 447,184 vehicles. The concern is the next quarter: guidance of USD 240 million to USD 250 million in revenue and USD 43 million to USD 45 million in adjusted EBITDA implies about an 18% margin at the midpoints (calculated), against 32.8% in the third quarter. Management did not break the step down into seasonal and non-seasonal parts in the release.

Business Model, Offering Background and Risks

Lime describes itself as the largest global shared micromobility operator, with about 230 cities in 29 countries at December 31, 2025, and an Uber Partnership that places its vehicles in the Uber app. The prospectus reported 2025 revenue of USD 886.7 million and a net loss of USD 59.3 million, and the company has reported a net loss each year since inception. Nine month net income of USD 277.8 million includes a USD 272.1 million tax benefit, so it is not a clean read of operating profit. Management said investments may temporarily affect near-term margins. Fleet growth that outpaces revenue can pressure utilization, and an Uber lock-up that releases in stages over two years could add Supply later.

Where Things Stand

Lime (NASDAQ:LIME) is down 24.13% intraday on November 4, 2026 because the market is reacting to results and an outlook released on November 3, in which fourth quarter revenue and margins step down sharply from the third quarter. The report itself was solid on growth and cash flow, but management also said it is prioritizing long-term value over short-term metrics and that investments may temporarily affect margins. The next checkpoints are the fourth quarter results, evidence that utilization stabilizes as the fleet expands, and any change to the full-year guidance.