Serve Robotics Inc. /DE/ Financial Summary

Complete Filing Data

Serve Robotics Inc. /DE/ reported Stockholders Equity of $350.74 million for FY2025.

All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean Serve Robotics Inc. /DE/ did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.

Income Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021
Net Income *-$101.4M-$39.2M-$24.8M-$21.9M-$54.6K
Cost of Revenue *$18.0M$1.9M$1.7M$1.1M
Revenue *$2.7M$1.8M$207.5K$107.8K
Operating Income Loss-$112.8M-$38.3M-$20.7M-$21.0M-$54.6K
General And Administrative Expense$37.1M$10.1M$4.6M$3.8M$54.6K
Selling And Marketing Expense$2.9M$577.0K$605.2K$525.5K
Research And Development Expense$45.3M$24.3M$9.9M$13.6M
Operating Expenses$97.4M$38.2M$19.2M$19.9M
Gross Profit-$15.4M-$75.0K-$1.5M-$1.0M
Nonoperating Income Expense-$902.1K-$4.1M-$902.1K
Interest Expense$2.3M$636.3K
Income Tax Expense Benefit-$3.7M$0.00$0.00

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021Q4 2020
Net Income *-$33.0M-$20.9M-$13.2M-$8.0M-$9.0M-$9.0M-$7.6M-$5.0M-$5.1M-$5.4M-$5.3M-$3.9M-$14.7K-$14.3K-$16.2K-$18.1K
Cost of Revenue *$5.1M$3.5M$1.9M$378.0K$326.0K$352.4K$572.5K$391.4K$367.3K$341.5K
Revenue *$687.0K$642.0K$440.5K$222.0K$468.0K$946.7K$62.6K$62.0K$40.3K$33.3K
Operating Income Loss-$34.8M-$22.6M-$15.0M-$8.4M-$8.6M-$7.7M-$5.6M-$4.1M-$4.2M-$5.3M-$19.2K-$7.9K-$14.7K-$14.3K-$16.2K-$18.1K
General And Administrative Expense$13.2M$8.1M$4.7M$2.0M$1.9M$1.0M$1.4M$970.8K$1.0M$952.6K$19.2K$7.9K$14.7K$14.3K$16.2K$18.1K
Selling And Marketing Expense$883.0K$463.0K$238.9K$384.0K$166.0K$118.2K$118.8K$83.1K$279.6K$120.5K
Research And Development Expense$13.4M$9.1M$6.9M$5.0M$5.8M$6.6M$3.0M$2.1M$2.1M$3.3M
Operating Expenses$30.4M$19.8M$13.5M$8.3M$8.7M$8.3M$5.1M$3.8M$3.9M$5.0M
Gross Profit-$4.4M-$2.9M-$1.5M-$156.0K$142.0K$594.3K-$510.0K-$329.4K-$327.0K-$308.2K
Nonoperating Income Expense$1.8M$1.8M$1.8M$449.0K-$482.0K-$1.3M-$2.1M-$864.6K-$910.9K-$34.1K
Interest Expense$1.3M$1.5M$41.7K$34.1K
Income Tax Expense Benefit$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00

Balance Sheet

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020
Stockholders Equity$350.7M$131.7M-$4.0M-$12.5M$8.3M-$17.6K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$106.2M$123.3M$7.0K$2.7M$8.0M$9.4K
Retained Earnings Accumulated Deficit-$208.9M-$107.5M-$68.3M-$43.5M-$72.7K-$18.1K
Liabilities Current$13.3M$6.8M$6.2M$3.9M$72.5K$27.0K
Liabilities And Stockholders Equity$367.8M$139.6M$2.8M$8.5M$271.00$9.4K
Liabilities$17.0M$7.9M$6.8M$21.0M$72.5K$27.0K
Common Stock Value$7.0K$5.0K$2.5K$683.00$500.00$500.00
Assets Current$241.1M$125.3M$1.5M$3.4M$271.00$9.4K
Assets$367.8M$139.6M$2.8M$8.5M$271.00$9.4K
Accounts Payable Current$5.0M$4.9M$2.1M$162.0K$7.5K$4.5K
Notes Payable Current$1.0M$65.0K$22.5K
Cash And Cash Equivalents At Carrying Value$106.2M$123.3M$6.8K$2.7M
Amortization Of Debt Discount Premium$0.00$1.7M$1.8M$13.6K
Repayments Of Notes Payable$0.00$1.3M$1.8M$250.0K
Property Plant And Equipment Net$47.0M$12.0M$48.4K$3.4M
Inventory Net$0.00$310.0K$774.3K$618.3K
Operating Lease Right Of Use Asset$5.4M$1.8M$782.4K$1.2M
Operating Lease Liability Noncurrent$3.5M$1.1M$211.2K$708.1K
Operating Lease Liability Current$1.8M$666.0K$497.0K$483.2K
Finance Lease Liability Current$0.00$564.0K$2.4M$2.2M
Accrued Liabilities Current$6.5M$655.0K$255.8K$37.4K
Accounts Receivable Net Current$851.0K$87.0K$3.0K$23.7K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect$186.00-$9.2K
Deposits Assets Noncurrent$578.2K$512.7K$512.7K
Stockholders Equity Note Subscriptions Receivable$0.00$169.6K$165.7K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect-$17.0M$123.3M-$9.2K
Repayments Of Related Party Debt$0.00$70.0K$449.0K
Long Term Notes Payable$0.00$230.9K$1.2M
Finance Lease Principal Payments$186.0K$1.8M$1.7M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021Q4 2020
Stockholders Equity$283.9M$207.2M$210.2M$56.2M$28.5M-$8.8M$2.4M-$22.4M-$17.5M-$5.1M$147.3K$5.4M-$62.8K-$48.1K-$33.8K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$116.8M$116.7M$197.8M$50.9M$28.8M$427.5K$3.5M$18.9K$866.5K$4.6M$2.7K$863.00$6.7K$9.9K$4.2K
Retained Earnings Accumulated Deficit-$174.6M-$141.6M-$120.7M-$94.4M-$86.4M-$77.4M-$61.3M-$153.4K-$135.5K-$113.2K-$99.8K-$80.6K-$63.3K-$48.6K-$34.3K
Liabilities Current$12.8M$5.7M$5.3M$5.2M$4.3M$12.8M$4.9M$162.1K$147.4K$113.9K$101.9K$80.9K$69.5K$58.0K$38.0K
Liabilities And Stockholders Equity$299.1M$214.3M$216.6M$61.5M$32.8M$4.2M$8.5M$9.2K$12.4K$1.3K$2.7K$863.00$6.7K$9.9K$4.2K
Liabilities$15.2M$7.1M$6.4M$5.3M$4.3M$13.1M$6.1M$162.1K$147.4K$113.9K$101.9K$80.9K$69.5K$58.0K$38.0K
Common Stock Value$7.0K$6.0K$5.7K$4.3K$3.7K$2.5K$2.4K$500.00$500.00$500.00$500.00$500.00$500.00$500.00$500.00
Assets Current$219.7M$186.5M$200.0M$54.9M$30.9M$3.0M$5.1M$9.2K$12.4K$1.3K$2.7K$863.00$6.7K$9.9K$4.2K
Assets$299.1M$214.3M$216.6M$61.5M$32.8M$4.2M$8.5M$9.2K$12.4K$1.3K$2.7K$863.00$6.7K$9.9K$4.2K
Accounts Payable Current$7.7M$2.5M$3.7M$3.6M$1.4M$1.7M$944.5K$10.6K$15.9K$10.0K$10.0K$6.0K$4.5K$3.0K$3.0K
Notes Payable Current$1.0M$1.0M$151.5K$131.5K$103.9K$91.9K$74.9K$65.0K$55.0K$35.0K
Cash And Cash Equivalents At Carrying Value$116.8M$116.7M$197.8M$50.9M$28.8M$6.7K$9.9K$4.2K$9.4K
Amortization Of Debt Discount Premium$0.00$1.2M$4.0K
Repayments Of Notes Payable$0.00$250.0K$250.0K
Property Plant And Equipment Net$30.1M$18.6M$14.3M$5.4M$819.2K$33.8K$2.0M
Inventory Net$0.00$0.00$0.00$327.4K$709.3K$736.5K$868.7K
Operating Lease Right Of Use Asset$4.0M$2.4M$1.9M$660.3K$552.1K$668.5K$894.1K
Operating Lease Liability Noncurrent$2.5M$1.4M$1.2M$135.2K$35.2K$105.6K$337.1K
Operating Lease Liability Current$1.7M$1.2M$712.6K$436.4K$413.8K$474.6K$518.9K
Finance Lease Liability Current$0.00$0.00$0.00$1.0M$1.6M$2.3M$2.1M
Accrued Liabilities Current$3.3M$2.0M$890.3K$55.4K$46.1K$1.2M$159.6K
Accounts Receivable Net Current$805.0K$656.0K$381.5K$13.1K$93.1K$266.0K$4.0K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect$420.7K-$1.8M$592.00
Deposits Assets Noncurrent$512.7K$512.7K$512.7K$512.7K
Stockholders Equity Note Subscriptions Receivable$0.00$0.00$165.6K$168.5K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect$74.5M$420.7K$592.00-$5.2K$9.4K
Repayments Of Related Party Debt$0.00$70.0K
Long Term Notes Payable$0.00$0.00$476.9K
Finance Lease Principal Payments$564.4K$28.0K

Cash Flow Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021
Net Cash Provided By Used In Operating Activities-$80.2M-$21.5M-$16.0M-$21.4M-$51.6K
Net Cash Provided By Used In Financing Activities$261.2M$155.1M$13.3M$20.2M$42.5K
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition$21.3M$14.6M$544.4K$195.1K
Increase Decrease In Accounts Payable-$2.0M$872.0K$1.9M-$174.3K
Share Based Compensation$21.3M$14.6M$544.4K$195.1K
Increase Decrease In Inventories$0.00-$465.0K$156.1K$154.8K
Increase Decrease In Operating Lease Liability-$1.4M$46.0K-$49.7K-$24.6K
Increase Decrease In Accrued Liabilities$6.7M$477.0K$228.0K$37.4K
Payments To Acquire Property Plant And Equipment$37.3M$10.3M$4.9K$3.6M
Net Cash Provided By Used In Investing Activities-$198.0M-$10.3M-$4.9K-$4.1M
Increase Decrease In Accounts Receivable$697.0K$84.0K-$20.7K$23.7K
Increase Decrease In Prepaid Expense$4.6M$720.0K$595.6K$81.3K
Proceeds From Other Equity$77.6M$0.00$49.0K$42.5K
Proceeds From Convertible Debt$0.00$4.8M$2.8M
Increase Decrease In Accounts Payable And Accrued Liabilities$2.5K$3.0K
Proceeds From Issuance Or Sale Of Equity$2.7M$12.9M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q1 2022Q1 2021Q4 2020
Net Cash Provided By Used In Operating Activities-$9.5M-$4.1M-$3.7M-$9.4K-$17.7K-$13.1K
Net Cash Provided By Used In Financing Activities$87.3M$4.5M$1.9M$10.0K$12.5K$22.5K
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition$6.6M$4.4M$3.9M$2.2M$3.5M$4.3M$103.4K$106.9K$93.9K
Increase Decrease In Accounts Payable-$266.7K-$325.5K$64.2K-$1.5K
Share Based Compensation$3.9M$4.3M$93.9K
Increase Decrease In Inventories$0.00-$37.8K$4.7K
Increase Decrease In Operating Lease Liability-$13.4K-$13.9K-$11.1K
Increase Decrease In Accrued Liabilities$235.8K-$82.2K-$30.2K
Payments To Acquire Property Plant And Equipment$3.5M$3.3K
Net Cash Provided By Used In Investing Activities-$3.3M-$3.3K
Increase Decrease In Accounts Receivable$294.7K$263.1K-$8.6K
Increase Decrease In Prepaid Expense-$284.6K-$47.4K$33.6K
Proceeds From Other Equity$17.5K$10.0K$12.5K$22.5K
Proceeds From Convertible Debt$0.00$4.8M
Increase Decrease In Accounts Payable And Accrued Liabilities$5.9K-$1.5K-$1.5K$4.5K
Proceeds From Issuance Or Sale Of Equity$2.7M

Per-Share & Share Counts

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020
Diluted EPS *-$1.63-$1.07-$1.75-$3.17-$0.01
Weighted Average Number Of Diluted Shares Outstanding62.3M36.7M14.2M6.9M5.0M
Earnings Per Share Basic$-1.63$-1.07$-1.75$-3.17$-0.01
Weighted Average Number Of Shares Outstanding Basic62.3M36.7M14.2M6.9M5.0M
Common Stock Par Or Stated Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00
Common Stock Shares Authorized300.0M300.0M300.0M300.0M50.0M50.0M
Preferred Stock Par Or Stated Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00
Common Stock Shares Outstanding74.7M51.3M24.5M6.8M5.0M5.0M
Common Stock Shares Issued74.8M51.4M24.8M7.2M5.0M5.0M
Preferred Stock Shares Authorized10.0M10.0M10.0M10.0M10.0M10.0M
Preferred Stock Shares Issued0.000.000.00257.6K0.00

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021Q4 2020
Diluted EPS *-$0.54-$0.36-$0.23-$0.20-$0.27-$0.37-$0.41-$0.74-$0.77-$0.78$0.00$0.00$0.00$0.00$0.00$0.00
Weighted Average Number Of Diluted Shares Outstanding61.3M57.5M56.3M40.6M33.8M24.6M18.5M6.7M6.7M6.9M5.0M5.0M5.0M5.0M5.0M
Earnings Per Share Basic$-0.54$-0.36$-0.23$-0.20$-0.27$-0.37$-0.41$-0.74$-0.77$-0.78$0.00$0.00$0.00$0.00$0.00
Weighted Average Number Of Shares Outstanding Basic61.3M57.5M56.3M40.6M33.8M24.6M18.5M6.7M6.7M6.9M5.0M5.0M5.0M5.0M
Common Stock Par Or Stated Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Common Stock Shares Authorized300.0M300.0M300.0M300.0M300.0M300.0M300.0M50.0M50.0M50.0M50.0M50.0M50.0M50.0M50.0M
Preferred Stock Par Or Stated Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Common Stock Shares Outstanding67.8M59.3M56.8M42.8M36.5M24.6M24.4M5.0M5.0M5.0M5.0M5.0M5.0M5.0M5.0M
Common Stock Shares Issued67.8M59.4M57.0M43.0M36.6M25.0M24.7M5.0M5.0M5.0M5.0M5.0M5.0M5.0M5.0M
Preferred Stock Shares Authorized10.0M10.0M10.0M10.0M10.0M10.0M10.0M10.0M10.0M10.0M10.0M10.0M10.0M10.0M10.0M
Preferred Stock Shares Issued0.000.000.000.000.00

Other Metrics

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022
Other Cost And Expense Operating$12.1M$3.3M$2.6M$2.0M
Depreciation$309.7K$1.9M$388.1K
Interest Paid Net$224.0K$203.0K$507.2K$622.7K
Prepaid Expense Current$6.0M$1.4M$677.0K$81.3K
Additional Paid In Capital$559.5M$239.2M$64.5M$31.2M
Fair Value Adjustment Of Warrants$0.00$1.7M
Interest On Recourse Loan$0.00$3.9K
Stock Issued During Period Value Restricted Stock Award Gross$9.8K$161.5K
Stock Issued During Period Value New Issues$40.0M$77.6M$1,000.0K
Unrealized Gain Loss On Derivatives$0.00-$222.0K-$149.0K

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q1 2022Q4 2020
Other Cost And Expense Operating$3.0M$2.1M$1.7M$917.0K$871.0K$541.0K$558.1K$592.6K$521.7K$681.4K
Depreciation$474.6K$9.1K$9.6K$17.9K$465.6K$465.6K$465.6K
Interest Paid Net$36.3K$35.9K$40.6K
Prepaid Expense Current$7.6M$2.1M$1.1M$3.5M$1.1M$629.6K$750.1K
Additional Paid In Capital$458.4M$348.5M$330.9M$150.6M$114.9M$68.7M$63.8M
Fair Value Adjustment Of Warrants$0.00$0.00$435.8K$367.7K$869.2K
Interest On Recourse Loan$0.00$4.0K$1.2K
Stock Issued During Period Value Restricted Stock Award Gross$3.1K$2.1K$2.2K
Stock Issued During Period Value New Issues$65.2M$13.5M$75.8M$40.0M$1,000.0K$500.00
Unrealized Gain Loss On Derivatives$0.00$0.00$0.00-$222.0K-$149.0K$0.00

Most recent annual filing with the SEC: March 12, 2026

Data sourced from SEC EDGAR public filings as of August 4, 2026.