Neutron Holdings (LIME) Reports Q3 2026 Revenue Growth and $1 Billion Trailing 12-Month Milestone
Neutron Holdings (LIME) reported strong third-quarter 2026 financial results, highlighted by revenue of $361 million—a 20% year-over-year increase that reached the high end of management's guidance. The company achieved a significant milestone as its trailing 12-month revenue exceeded $1 billion for the first time. Net income rose 41% to $44 million, supported by a 26% expansion in its operational fleet, which now averages over 447,000 vehicles. Despite top-line success, the company faced margin headwinds due to heightened competitive intensity and lower fleet utilization in European markets. This resulted in a slight decline in Revenue per Vehicle per Day (RVD) and an Adjusted EBITDA margin of 33%, down from 35% the previous year. Management warned that short-term competitive pressures in Europe are expected to persist through the remainder of fiscal year 2026, potentially impacting near-term margins.
Topics: EBITDA Fleet Expansion Net Income Revenue Growth User Growth
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