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

Neutron (NASDAQ:LIME) announced its quarterly earnings results on Tuesday. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.20, Zacks reports. The business had revenue of $360.63 million during the quarter, compared to analysts’ expectations of $349.30 million. During the same period in the previous year, the business earned $1.01 EPS. The business’s revenue was up 19.6% compared to the same quarter last year.

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 down $0.59 during mid-day trading on Thursday, hitting $17.80. 573,245 shares of the company’s stock were exchanged, compared to its average volume of 390,489. Neutron has a one year low of $17.22 and a one year high of $44.38. The company has a fifty day moving average price of $29.85. The stock has a market cap of $1.16 billion and a P/E ratio of -1,776.00.

Trending Headlines about Neutron

Here are the key news stories impacting Neutron this week:

• Positive Sentiment: Third-quarter revenue reached a record $361 million, up about 20% year over year, and trailing-12-month revenue topped $1 billion for the first time. EPS was $0.63; that exceeded one cited consensus estimate of $0.43, although another report cited expectations of $0.66–$0.68. Lime third-quarter 2026 financial results
• Positive Sentiment: Despite reducing their targets, JPMorgan and Citizens JMP retained bullish ratings—“overweight” and “market outperform,” respectively—implying substantial upside from the share price cited in the reports. JPMorgan rating Citizens JMP rating
• Neutral Sentiment: Lime forecast fourth-quarter revenue of $240 million–$250 million and reiterated full-year revenue guidance of $1.04 billion–$1.1 billion. The company cited stepped-up investment in Europe, which could support growth but may weigh on near-term results. Lime revenue outlook
• Negative Sentiment: EPS declined from $1.01 a year earlier to $0.63, and some cited analyst expectations were above the reported result. This, along with the Q4 outlook and investment spending, may have disappointed investors despite revenue growth.
• Negative Sentiment: Several law firms announced investigations into potential securities-law violations following the company’s November 3 disclosures. These are allegations under investigation, not findings of wrongdoing, but add uncertainty. Investigation notice
• Negative Sentiment: Analysts cut price targets, including JPMorgan’s reduction from $38 to $33 and Citizens JMP’s from $33 to $27, signaling a more cautious near-term view even as both kept positive ratings.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on LIME shares. Zacks Research raised shares of Neutron to a “hold” rating in a research report on Tuesday, July 28th. The Goldman Sachs Group restated a “buy” rating and issued a $37.00 price objective on shares of Neutron in a report on Wednesday. KeyCorp raised their target price on shares of Neutron from $33.00 to $37.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Weiss Ratings initiated coverage on shares of Neutron in a research note on Friday, September 25th. They set a “hold (c)” rating on the stock. Finally, Needham & Company LLC cut their target price on shares of Neutron from $36.00 to $29.00 and set a “buy” rating on the stock in a research note on Wednesday. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $34.00.

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.