Is lime a good business?

Lime, the shared micromobility giant, has announced its first profitable year. This achievement is significant as it stands out in an industry that has faced challenges in achieving even break-even, let alone turning a profit.

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The company reported full-year profitability on both an adjusted and unadjusted EBITDA basis. This means that Lime has been able to generate earnings before interest, taxes, depreciation, and amortization, both with and without adjustments, which is a positive sign for its financial health.

Lime's success is particularly notable given the struggles of its peers in the micromobility sector. Many companies in this industry have faced difficulties in maintaining financial stability, with many struggling to even cover their costs.

With this profitability milestone, Lime is now testing the waters for an initial public offering (IPO). An IPO would allow the company to raise capital by selling shares to the public, which could be used to fuel further growth and expansion.