Private company

LIMEADE, INC

LIMEADE, INC is an American prepackaged software services company, incorporated in Washington.¹ It is headquartered in Bellevue, Washington.¹

Last updated Oct 20, 2026.

Overview

IndustryServices-Prepackaged Software¹
HeadquartersBellevue, Washington¹
Incorporated inWA²
Business address10885 Ne 4Th Street, Suite 400, Bellevue, Wa 98004²
Filer category, Emerging growth company²

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

69.3%Gross margin³

-25.3%Operating margin³

-23.6%Net margin³

1.5%Revenue growth, 2022³

-129.0%Return on equity³

-$6.7MFree cash flow³

Where the money goes

Where each dollar of revenue went, fiscal 2022

Cost of revenueResearch and developmentOther costs

Cost of revenue31¢$17.2M
Research and development39¢$22.1M
Other costs30¢$16.7M
Income tax0¢$38.0K

Out of $56.0M in revenue.³ The company lost money this year.

Financial statements

Revenue³$56.0M in 2022+1% since 2021

Gross profit³$38.8M in 2022−3% since 2021

Operating income³-$14.2M in 2022+45% since 2021

Net income³-$13.2M in 2022+33% since 2021

Fiscal year	2021	2022
Revenue	$55.2M³	$56.0M³
Cost of revenue	$15.0M³	$17.2M³
Gross profit	$40.2M³	$38.8M³
Research and development	$20.4M³	$22.1M³
Operating expenses	$50.0M³	$53.0M³
Operating income	-$9.8M³	-$14.2M³
Income before tax	-$9.9M³	-$13.2M³
Income tax	$25.0K³	$38.0K³
Net income	-$10.0M³	-$13.2M³
Earnings per share	-$0.04³	-$0.05³
Earnings per share (diluted)	-$0.04³	-$0.05³
Shares (weighted, basic)	250.4M shares³	255.4M shares³
Shares (weighted, diluted)	250.4M shares³	255.4M shares³

Total assets³$49.4M in 2022−8% since 2021

Total liabilities³$39.1M in 2022+20% since 2021

Shareholders’ equity³$10.3M in 2022−63% since 2020

Cash³$2.6M in 2022−92% since 2020

Fiscal year	2020	2021	2022
Cash	$31.5M³	$13.9M³	$2.6M³
Receivables		$8.7M³	$10.9M³
Current assets		$28.4M³	$20.2M³
Property, plant and equipment		$441.0K³	$413.0K³
Goodwill		$8.6M³	$8.6M³
Intangible assets		$3.9M³	$2.8M³
Total assets		$53.5M³	$49.4M³
Current liabilities		$30.5M³	$39.0M³
Total liabilities		$32.7M³	$39.1M³
Retained earnings		-$49.4M³	-$62.6M³
Shareholders’ equity	$27.9M³	$20.9M³	$10.3M³
Shares outstanding		253.6M shares³	257.2M shares³

Cash from operations³-$6.4M in 2022+24% since 2021

Capital spending³$285.0K in 2022+57% since 2021

Free cash flow³-$6.7M in 2022+25% since 2021

Fiscal year	2021	2022
Cash from operations	-$5.2M³	-$6.4M³
Depreciation and amortization	$2.1M³	$3.0M³
Stock-based compensation	$1.9M³	$2.4M³
Capital spending	$181.0K³	$285.0K³
Free cash flow	-$5.4M	-$6.7M
Cash from investing	-$12.9M³	-$7.6M³
Cash from financing	$601.0K³	$2.5M³

Compare LIMEADE, INC with another company

Corporate structure

LIMEADE, INC sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of LIMEADE, INC

Henry B. Albrecht Filed SC 13G/A on LIMEADE, INC, latest Aug 9, 2023 (2 filings since Feb 14, 2023)

LIMEADE, INC Bellevue, Washington

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What LIMEADE, INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Item	Latest	A year before	Change
Property and equipment, before depreciation	$3.3M³ Dec 31, 2022	$3.0M³ Dec 31, 2021	+8.5%
Accumulated depreciation	$2.9M³ Dec 31, 2022	$2.6M³ Dec 31, 2021	+11.0%
Property and equipment, net	$413.0K³ Dec 31, 2022	$441.0K³ Dec 31, 2021	−6.3%
Operating-lease assets (leased space)	$1.2M³ Dec 31, 2022	$2.6M³ Dec 31, 2021	−53.1%

Investments

Item	Latest	A year before	Change
Cash and cash equivalents	$2.6M³ Dec 31, 2022	$13.9M³ Dec 31, 2021	−81.6%

Intangibles and goodwill

Item	Latest	A year before	Change
Goodwill	$8.6M³ Dec 31, 2022	$8.6M³ Dec 31, 2021	0%
Intangible assets, net (excluding goodwill)	$2.8M³ Dec 31, 2022	$3.9M³ Dec 31, 2021	−27.9%
Finite-lived intangibles, gross	$5.5M³ Dec 31, 2022	$5.5M³ Dec 31, 2021	0%
Accumulated amortization	$2.6M³ Dec 31, 2022	$1.6M³ Dec 31, 2021	+70.6%
Finite-lived intangibles, net	$2.8M³ Dec 31, 2022	$3.9M³ Dec 31, 2021	−27.9%

Leadership

Who has led LIMEADE, INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

Henry B. Albrecht2022–2023

2025

Chief executive officerHenry B. Albrecht Oct 3, 2022 to Aug 9, 2023⁶

Board members and other officers (13)

VP Finance & ControllerPaul Crick Aug 9, 2023 to Aug 9, 2023⁷
Chief People OfficerElizabeth K. Carver Oct 3, 2022 to Aug 9, 2023⁸
CPO and CTOLawrence W. Colagiovanni Oct 3, 2022 to Oct 3, 2022⁹
Chief Growth OfficerMitchael L. Risner Oct 3, 2022 to Oct 3, 2022¹⁰
Chief Marketing OfficerPatricia A. Fletcher Oct 3, 2022 to Aug 9, 2023¹¹
VP Legal & Corp. Sec'ySarah Stephens Visbeek Oct 3, 2022 to Aug 9, 2023¹²
Chief Finance OfficerTodd Spartz Oct 3, 2022 to Oct 3, 2022¹³
Board memberDevendra Billimoria V. Oct 3, 2022 to Aug 9, 2023¹⁴
Board memberElizabeth A. Bastoni Oct 3, 2022 to Oct 3, 2022¹⁵
Board memberHenry B. Albrecht Oct 3, 2022 to Aug 9, 2023⁶
Board memberLisa C. Maccallum Oct 3, 2022 to Oct 3, 2022¹⁶
Board memberMia Mends Oct 3, 2022 to Oct 3, 2022¹⁷
Board memberSteven J. Hamerslag Oct 3, 2022 to Aug 9, 2023¹⁸

Former names

LIMEADE INCJul 12, 2007 to Nov 5, 2014²
Jet City Jet IncOct 31, 2006 to Oct 31, 2006²

Timeline

Aug 9, 20238-K Ended a material agreement; Completed an acquisition or sale; Change to shareholders' rights¹⁹
Aug 8, 20238-K Shareholder vote; Other events²⁰
Aug 4, 20238-K Regulation FD disclosure²¹
Jul 5, 20238-K Regulation FD disclosure²²
Jun 21, 20238-K Shareholder vote²³
Jun 9, 20238-K Entered a material agreement; Executive or director change²⁴
May 15, 20238-K Results of operations²⁵
May 1, 20238-K Executive or director change²⁶
Apr 18, 20238-K Regulation FD disclosure²⁷
Apr 6, 20238-K Regulation FD disclosure²⁸
Mar 14, 20238-K Regulation FD disclosure²⁹
Feb 28, 20238-K Results of operations; Regulation FD disclosure³⁰
Oct 3, 2022New chief executive Henry B. Albrecht becomes CEO⁶

Calendar

When it reported results

May 15, 2023Reported quarterly or annual results²⁵
Feb 28, 2023Reported quarterly or annual results³⁰
Nov 14, 2022Reported quarterly or annual results³¹

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

60 filings to the SEC since October 2021: 1 annual reports, 2 quarterly reports, 18 major events, 23 insider forms, 2 large holders, 14 other. The latest 20:

The 60 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Henry B. AlbrechtSC 13G/A, 2 filings Feb 14, 2023 to Aug 9, 2023³²

SEC filer profile

How LIMEADE, INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

Name on EDGARLIMEADE, INC¹
CIK0001381507
Employer ID (EIN)06-1771116¹
Filer status<br>emerging growth company¹
Incorporated inWashington¹
Fiscal year endsDecember 31¹
Industry code (SIC)7372 Services-Prepackaged Software¹
Business address10885 Ne 4Th Street, Suite 400, Bellevue, WA 98004¹
Phone888-830-9830¹
Shares outstanding259,048,362 as of May 9, 2023⁴
Public float$68.8M as of Jun 30, 2022³
On EDGAR sinceOct 31, 2006¹
Filings68 in all: 8-K (18), 3 (15), 4 (8), D (3), 10-12G/A (2), 10-Q (2), D/A (2), DEFA14A (2)¹
All 22 form types
REGDEX (2), UPLOAD (2), 10-12G (1), 10-K (1), 15-12G (1), CORRESP (1), DEF 14A (1), DEFM14A (1), PREM14A (1), REGDEX/A (1), S-8 (1), S-8 POS (1), SC 13G (1), SC 13G/A (1)
Latest filingsAnnual report (10-K) Feb 28, 2023
Quarterly report (10-Q) May 15, 2023
Proxy statement (DEF 14A) May 1, 2023
Latest 8-K (8-K) Aug 9, 2023

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARLIMEADE, INC filings on SEC EDGAR
2
SEC EDGARLIMEADE, INC filings on SEC EDGAR
3
SEC EDGARLIMEADE, INC 10-K for fiscal 2022
4
SEC EDGARLIMEADE, INC 10-Q for fiscal 2022
5
SEC EDGARLIMEADE, INC 10-Q for fiscal 2022
6
SEC EDGARHenry B. Albrecht, Chief executive officer
7
SEC EDGARPaul Crick, VP Finance & Controller
8
SEC EDGARElizabeth K. Carver, Chief People Officer
9
SEC EDGARLawrence W. Colagiovanni, CPO and CTO
10
SEC EDGARMitchael L. Risner, Chief Growth Officer
11
SEC EDGARPatricia A. Fletcher, Chief Marketing Officer
12
SEC EDGARSarah Stephens Visbeek, VP Legal & Corp. Sec'y
13
SEC EDGARTodd Spartz, Chief Finance Officer
14
SEC EDGARDevendra Billimoria V., Board member
15
SEC EDGARElizabeth A. Bastoni, Board member
16
SEC EDGARLisa C. Maccallum, Board member
17
SEC EDGARMia Mends, Board member
18
SEC EDGARSteven J. Hamerslag, Board member
19
SEC EDGAREnded a material agreement; Completed an acquisition or sale; Change to shareholders' rights
20
SEC EDGARShareholder vote; Other events
21
SEC EDGARRegulation FD disclosure
22
SEC EDGARRegulation FD disclosure
23
SEC EDGARShareholder vote
24
SEC EDGAREntered a material agreement; Executive or director change
25
SEC EDGARResults of operations
26
SEC EDGARExecutive or director change
27
SEC EDGARRegulation FD disclosure
28
SEC EDGARRegulation FD disclosure
29
SEC EDGARRegulation FD disclosure
30
SEC EDGARResults of operations; Regulation FD disclosure
31
SEC EDGARLIMEADE, INC 8-K, Item 2.02 (results of operations)
32
SEC EDGARHenry B. Albrecht SC 13G/A on LIMEADE, INC