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MARKETS / NASDAQ / SERV
NASDAQ · GENERAL INDUSTRIAL MACHINERY & EQUIPMENT, NEC

Serve Robotics Inc. SERV

5 fiscal years on record · USD · FY2025 reported · SEC filings only
$2.7M
▲ 46.2% YoY
$-101.4M
$-117.6M
In brief

What this company does

We are engaged in developing technologies intended to enable sustainable, autonomous robotic solutions for public and commercial spaces. Our activities include the design, engineering, deployment, and operation of low-emission robotic systems built on our proprietary AI-enabled mobility platform. While food delivery remains our primary commercial application, we are expanding our platform into adjacent markets, customer segments, and operating environments where autonomous mobility can address labor constraints, improve service levels, and reduce emissions. Our core technology originated in 2017 as a specialized project within Postmates Inc. (“Postmates”), an on-demand delivery company in the United States. Serve Operating Co. is our direct, wholly-owned subsidiary and holds all material assets and conducts all business activities and operations of Serve.

Written from the business description in Serve Robotics Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 12 March 2026. Every sentence was checked against that document before publication.

Growth
USD 2.7M
Revenue, FY2025 · full 5-year series below
Revenue $M Net income $M
FY2025 · Revenue 2.7 · Net income -101.4
-40M-80M20212022202320242025
Compound annual growth
+190.8%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−3824 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -4253.8% · Net -3823.5%
-5000%-10000%-15000%20212022202320242025
ROE
FY2025 · ROE -42.0%
-20%-40%-60%20212022202320242025
Gross margin-580.2%
Operating margin-4253.8%
Net margin-3823.5%
Return on assets-40.0%
EBITDAUSD -104.6M

Each USD of equity lost 42 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -117.6
-40M-80M20212022202320242025

Total assetsUSD 367.8M
EquityUSD 350.7M
CashUSD 106.2M
Current ratio18.13×

Equity funds 95% of total assets.

The 5-year record
5 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021
Revenue $B0.00.00.00.0·
Operating income $B−0.1−0.0−0.0−0.0−0.0
EBITDA $B−0.1−0.0−0.0−0.0·
Income tax $B−0.00.00.0··
Net income $B−0.1−0.0−0.0−0.0−0.0
Free cash flow $B−0.1−0.0−0.0−0.0·
EPS, diluted $−1.63−1.07−1.75−3.17−0.01
Dividend / sh $·····
Payout %·····
ROE %−42.0−61.4··−0.7
Shares out B0.070.050.020.010.01

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 24 reconciliationsAUDITED

Reconciled in 5 of 19 fiscal years. 71 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityGeneral Industrial Machinery & Equipment, NEC
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2021

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