Serve Robotics Inc. (SERV) Financial Statements
Industry: General Industrial Machinery & Equipment (Other)
In fiscal 2025, Serve Robotics reported revenue of $2.7M, up 46.3% from $1.8M the year before. Net income was -$101.4M (a -3823.5% net margin), or -$1.63 per diluted share. Gross margin was -580.2% and operating margin was -4253.8%. Operating activities generated -$80.2M of cash, leaving -$117.6M of free cash flow. At fiscal year end, Serve Robotics held $367.8M in total assets against $17.0M in total liabilities, including $106.2M of cash and equivalents.
Open the full interactive Serve Robotics financials → Quarterly statements, key ratios, valuation history and price charts.
Serve Robotics Key Stats
| Share Price | $3.79 |
|---|---|
| Market Cap | $304.0M |
| Revenue YoY Growth | +46.3% |
| 52-Week Range | $3.79 – $17.51 |
| Shares Outstanding | 80.3 million (basic, 2026 Q2) |
Serve Robotics Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | — | — | $207,545 | $1.8M | $2.7M |
| Cost of Goods Sold | — | — | — | $1.9M | $18.0M |
| Gross Profit | — | — | -$1.5M | -$75,156 | -$15.4M |
| Operating Income | -$54,627 | -$51,354 | -$20.7M | -$38.3M | -$112.8M |
| Pre-Tax Income | -$54,627 | -$51,354 | -$24.8M | -$39.2M | -$105.0M |
| Income Tax | — | — | — | $0 | -$3.7M |
| Net Income | -$54,627 | -$51,354 | -$24.8M | -$39.2M | -$101.4M |
| Diluted EPS | -$0.01 | -$0.01 | -$1.75 | -$1.07 | -$1.63 |
Serve Robotics Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $687,000 | $881,535 | $3.0M | $3.2M |
| Net Income | -$33.0M | -$34.3M | -$49.0M | -$64.1M |
| Diluted EPS | -$0.54 | -$0.55 | -$0.65 | -$0.80 |
Serve Robotics Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | — | — | $6,756 | $123.3M | $106.2M |
| Current Assets | $271 | $457 | $1.5M | $125.3M | $241.1M |
| Total Assets | $271 | $457 | $2.8M | $139.6M | $367.8M |
| Current Liabilities | $72,460 | $124,000 | $6.2M | $6.8M | $13.3M |
| Total Long-Term Debt | — | — | $1.2M | — | — |
| Total Liabilities | $72,460 | $124,000 | $6.8M | $7.9M | $17.0M |
| Shareholders' Equity | -$72,189 | -$123,543 | -$4.0M | $131.7M | $350.7M |
Serve Robotics Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | -$51,627 | -$48,854 | -$16.0M | -$21.5M | -$80.2M |
| Cash From Investing | — | — | -$4,914 | -$10.3M | -$198.0M |
| Cash From Financing | $42,460 | $49,040 | $13.3M | $155.1M | $261.2M |
| Free Cash Flow | — | — | -$16.0M | -$31.8M | -$117.6M |
Figures from Serve Robotics' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Serve Robotics financials page for every line item.
Serve Robotics Company Profile
| Ticker | SERV |
|---|---|
| Exchange | Nasdaq |
| Industry | General Industrial Machinery & Equipment (Other) |
| Headquarters | San Carlos, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Emerging growth company |
| SEC CIK | 0001832483 |
Frequently Asked Questions
What was Serve Robotics' revenue in fiscal 2025?
Serve Robotics (SERV) reported revenue of $2.7M for fiscal 2025.
What is Serve Robotics' annual revenue history?
Serve Robotics' annual revenue by fiscal year: 2023: $207,545; 2024: $1.8M; 2025: $2.7M.
What was Serve Robotics' net income in fiscal 2025?
Serve Robotics reported net income of -$101.4M for fiscal 2025.
What was Serve Robotics' earnings per share (EPS) in fiscal 2025?
Serve Robotics' diluted EPS was -$1.63 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Serve Robotics generate in fiscal 2025?
Serve Robotics generated -$117.6M of free cash flow in fiscal 2025.
What was Serve Robotics' revenue last quarter?
In its most recent reported quarter (2026 Q2), Serve Robotics reported revenue of $3.2M.
How many shares of Serve Robotics are outstanding?
Serve Robotics reported a weighted average of 80.3 million basic shares outstanding in 2026 Q2.
What is Serve Robotics' market cap?
Based on its latest closing price, Serve Robotics (SERV) has a market capitalization of about $304.0M.
When does Serve Robotics' fiscal year end?
Serve Robotics' fiscal year end, as registered with the SEC, is December 31.
Where is Serve Robotics headquartered?
Serve Robotics lists its business address in San Carlos, California in its SEC filings.