SERV

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Serve Robotics Inc.

Sells to businessesTags from an AI model reading the company description.

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Key Metrics

Previous Close: $4.75
52-Week Range: $4.17 – $18.64
Market Cap: $400.16M
P/E (TTM): —
EPS (TTM): -2.47
Dividend Yield: 0.00%

Advanced Metrics

Price/Book: 1.13
PEG Ratio: —
Return on Equity: -64.55%
Return on Assets: -39.92%
Gross Margin: 0.00%
Operating Margin: -2027.95%
Profit Margin: 0.00%
Current Ratio: 12.83
Debt/Equity: 0.03
Total Debt: $9.70M
Free Cash Flow: $-90.13M
Revenue Growth: 404.40%
Earnings Growth: —
Enterprise Value: $174.26M

SERV Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$107.82K	$207.54K	$1.81M	$2.65M
Cost of Revenue	$1.15M	$1.73M	$1.89M	$18.03M
Gross Profit	-$1.04M	-$1.52M	-$75.00K	-$15.38M
Research & Development	$13.57M	$9.95M	$24.25M	$45.27M
Selling, General & Admin	$4.31M	$5.22M	$10.67M	$40.02M
Operating Expenses	$19.91M	$17.74M	$38.21M	$97.39M
Operating Income	-$20.95M	-$19.26M	-$38.29M	-$112.77M
EBITDA	-$20.83M	-$17.39M	-$36.92M	-$96.80M
Pretax Income	-$21.86M	-$24.81M	-$39.19M	-$105.02M
Income Tax	$0.00	$0.00	$0.00	-$3.66M
Net Income	-$21.86M	-$24.81M	-$39.19M	-$101.36M
Diluted EPS	-0.59	-0.67	-1.07	-1.63
Diluted Shares	36.94M	36.94M	36.66M	62.28M

SERV Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$2.72M	$6.76K	$123.27M	$106.24M
Receivables	$23.70K	$2.96K	$279.00K	$1.55M
Inventory	$618.26K	$774.35K	$310.00K	$0.00
Current Assets	$3.44M	$1.46M	$125.25M	$241.07M
Total Assets	$8.54M	$2.80M	$139.60M	$367.75M
Current Liabilities	$3.90M	$6.24M	$6.81M	$13.30M
Long-Term Debt	$1.21M	$230.93K	—	—
Total Debt	$7.48M	$4.37M	$2.34M	$5.25M
Total Liabilities	$21.00M	$6.84M	$7.92M	$17.01M
Retained Earnings	-$43.52M	-$68.33M	-$107.53M	-$208.89M
Shareholders' Equity	-$12.45M	-$4.03M	$131.68M	$350.74M
Working Capital	-$457.99K	-$4.78M	$118.44M	$227.78M
Net Debt	—	$1.29M	—	—

SERV Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$21.40M	-$15.97M	-$21.54M	-$80.24M
Capital Expenditure	-$3.64M	-$4.91K	-$10.25M	-$37.74M
Free Cash Flow	-$25.05M	-$15.98M	-$31.79M	-$117.98M
Depreciation & Amortisation	$388.14K	$1.86M	$310.00K	$8.21M
Stock-Based Compensation	$195.06K	$544.38K	$14.55M	$21.25M
Investing Cash Flow	-$4.06M	-$4.91K	-$10.32M	-$198.00M
Financing Cash Flow	$20.21M	$13.27M	$155.12M	$261.21M
Net Change in Cash	-$5.25M	-$2.71M	$123.26M	-$17.03M

SERV Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$440.00K	$642.00K	$687.00K	$882.00K	$2.98M	$3.24M
Cost of Revenue	$1.91M	$3.50M	$5.07M	$7.56M	$11.98M	$12.02M
Gross Profit	-$1.47M	-$2.86M	-$4.38M	-$6.67M	-$9.00M	-$8.78M
Research & Development	$6.88M	$9.12M	$13.41M	$15.85M	$19.04M	$20.28M
Selling, General & Admin	$4.99M	$8.54M	$14.04M	$12.45M	$16.79M	$29.14M
Operating Expenses	$13.54M	$19.79M	$30.44M	$33.63M	$42.78M	$57.29M
Operating Income	-$15.01M	-$22.64M	-$34.82M	-$40.30M	-$51.78M	-$66.06M
EBITDA	-$12.74M	-$20.03M	-$30.93M	-$33.10M	-$43.39M	-$57.59M
Pretax Income	-$13.22M	-$20.85M	-$33.02M	-$37.93M	-$49.65M	-$64.16M
Income Tax	$0.00	$0.00	$0.00	-$3.66M	-$648.00K	-$36.00K
Net Income	-$13.22M	-$20.85M	-$33.02M	-$34.27M	-$49.00M	-$64.13M
Diluted EPS	-0.23	-0.36	-0.54	-0.46	-0.65	-0.80
Diluted Shares	56.32M	57.51M	61.34M	73.83M	75.30M	80.31M

SERV Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$197.76M	$116.70M	$116.84M	$106.24M	$47.11M	$79.11M
Receivables	$1.10M	$1.14M	$1.49M	$1.55M	$5.60M	$5.49M
Inventory	$0.00	$0.00	$0.00	$0.00	—	—
Current Assets	$199.97M	$186.53M	$219.70M	$241.07M	$201.13M	$247.29M
Total Assets	$216.59M	$214.31M	$299.10M	$367.75M	$340.80M	$378.62M
Current Liabilities	$5.26M	$5.69M	$12.76M	$13.30M	$19.73M	$19.27M
Total Debt	$1.89M	$2.58M	$4.15M	$5.25M	$4.82M	$9.70M
Total Liabilities	$6.43M	$7.11M	$15.24M	$17.01M	$23.01M	$26.83M
Retained Earnings	-$120.74M	-$141.59M	-$174.61M	-$208.89M	-$257.89M	-$322.02M
Shareholders' Equity	$210.16M	$207.21M	$283.86M	$350.74M	$317.79M	$351.79M
Working Capital	$194.71M	$180.84M	$206.94M	$227.78M	$181.40M	$228.02M

SERV Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	-$9.46M	-$15.96M	-$25.18M	-$29.64M	-$41.42M	-$43.32M
Capital Expenditure	-$3.52M	-$6.41M	-$11.31M	-$16.50M	-$1.44M	-$973.00K
Free Cash Flow	-$12.98M	-$22.37M	-$36.49M	-$46.14M	-$42.87M	-$44.29M
Depreciation & Amortisation	$475.00K	$817.00K	$2.10M	$4.83M	$6.26M	$6.57M
Stock-Based Compensation	$3.88M	$4.40M	$6.64M	$6.33M	$7.35M	$14.69M
Investing Cash Flow	-$3.30M	-$78.63M	-$40.21M	-$75.86M	-$19.61M	-$8.10M
Financing Cash Flow	$87.26M	$13.54M	$65.47M	$94.95M	$1.91M	$83.41M
Net Change in Cash	$74.49M	-$81.06M	$82.00K	-$10.54M	-$59.13M	$32.00M

Market Snapshot

About

Serve Robotics Inc. develops and operates autonomous sidewalk delivery robots designed for last-mile delivery services. The company provides AI-powered robotic solutions that enable restaurants and retailers to offer cost-effective and sustainable delivery options. Serve Robotics focuses on urban environments where its robots navigate sidewalks to deliver food and goods.