Neutron Holdings, Inc. — Form 8-K
Filed August 4, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 48/100
What the filing says
Neutron Holdings (Lime) reported Q2 2026 revenue of $304M (+24% YoY) with net income of $295M (including $298M tax benefit from deferred tax asset release post-IPO). Adjusted EBITDA was $84M (28% margin). Fleet grew 22% YoY to 407,707 vehicles. Post-IPO, company paid off all long-term debt (~$868M in 2021 and 2020 convertible notes eliminated) and acquired Neuron Mobility's Canadian operations. FY2026 guidance: revenue $1.04-1.10B, Adjusted EBITDA $265-285M.
Why this rating
Strong organic growth (24% revenue, 22% fleet) and profitability (28% Adj. EBITDA margin) post-IPO. IPO de-leveraged balance sheet substantially. However, Q2 net income dominated by one-time $298M tax benefit; underlying GAAP loss. For ~$1B revenue company, $304M quarterly run-rate is material but growth rate moderate. Negative FCF (-$83M H1) concerning despite OpEx growth investments.
Extracted items
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