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    Serve Robotics Inc. /DE/

    Company overview

    Market capitalization
    $384.11M
    Employees
    370
    Latest publication
    2026-09-29
    About Serve Robotics Inc. /DE/

    Serve Robotics Inc. designs, develops, and operates low-emission robots that serve people in public and commercial spaces for food delivery activity in the United States. It builds self-driving delivery robots. Serve Robotics Inc. was founded in 2017 and is headquartered in Redwood City, California.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USDQ1 20242024-03-31 · USDQ2 20232023-06-30 · USDQ1 20232023-03-31 · USDQ4 20222022-12-31 · USD
    Total Revenue3,238,000USD175,842USD221,555USD468,375USD946,711USD62,009USD40,252USD47,130USD
    Cost Of Revenue12,017,000USD831,884USD377,304USD326,013USD352,438USD391,367USD367,261USD427,228USD
    Gross Profit-8,779,000USD-656,042USD-155,749USD142,362USD594,273USD-329,358USD-327,009USD-380,098USD
    Research Development20,279,000USD6,820,691USD5,007,985USD5,787,906USD6,638,441USD2,125,685USD2,082,949USD4,290,513USD
    Selling And Marketing Expenses4,301,000USD90,675USD383,902USD165,612USD118,236USD83,136USD279,582USD126,859USD
    General And Administrative Expenses24,844,000USD———————
    Other Operating Expenses7,862,000USD———————
    Total Operating Expenses57,286,000USD12,920,693USD8,289,324USD8,698,049USD8,305,722USD3,772,288USD3,900,205USD6,068,067USD
    Operating Income-66,065,000USD-13,576,735USD-8,445,073USD-8,555,687USD-7,711,449USD-4,101,646USD-4,227,214USD-6,448,165USD
    Total Other Income Expense Net1,902,000USD457,240USD448,854USD-481,680USD-1,326,522USD-864,610USD-910,908USD-591,808USD
    Interest Income1,927,000USD—483,000USD296,000USD9,994USD———
    Interest Expense0USD—34,000USD260,120USD1,326,522USD496,862USD41,744USD587,302USD
    Income Before Tax-64,163,000USD-13,119,495USD-7,996,219USD-9,037,367USD-9,037,971USD-4,966,256USD-5,138,122USD-7,039,973USD
    Income Tax Expense-36,000USD——3USD-25,353USD869,164USD41,744USD—
    Net Income-64,127,000USD-13,119,495USD-7,996,219USD-9,037,367USD-9,037,971USD-4,966,256USD-5,138,122USD-7,039,973USD
    Selling General Administrative—5,202,043USD1,980,087USD1,873,320USD1,008,071USD970,819USD1,015,987USD1,171,473USD
    Net Interest Income—457,240USD448,854USD-260,120USD-1,326,522USD-496,862USD-41,744USD—
    Tax Provision—0USD0USD0USD0USD0USD0USD—
    Net Income From Continuing Ops—-13,119,495USD-7,996,219USD-9,037,367USD-9,037,971USD-4,966,256USD-5,138,122USD—
    Ebit—-13,119,495USD-7,996,219USD-8,777,247USD-7,701,455USD-4,469,394USD-5,096,378USD-6,452,671USD
    Ebitda—-12,846,343USD-7,987,159USD-8,767,670USD-7,683,532USD-4,003,755USD-4,630,738USD-6,105,053USD
    Depreciation And Amortization—273,152USD9,060USD9,577USD17,923USD465,639USD465,640USD347,618USD
    Reconciled Depreciation—273,152USD9,060USD9,577USD17,923USD465,639USD465,640USD—
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20212021-12-31 · USD
    Total Revenue0USD
    Cost Of Revenue42,469USD
    Gross Profit-42,469USD
    Research Development7,092,628USD
    Selling General Administrative2,465,570USD
    Selling And Marketing Expenses139,664USD
    Total Operating Expenses10,622,363USD
    Operating Income-10,622,363USD
    Interest Expense0USD
    Net Interest Income0USD
    Income Before Tax-21,665,518USD
    Income Tax Expense-194,089USD
    Tax Provision0USD
    Net Income-21,665,518USD
    Net Income From Continuing Ops-21,665,518USD
    Ebit-21,665,518USD
    Ebitda-21,623,049USD
    Depreciation And Amortization42,469USD
    Reconciled Depreciation42,469USD
    Total Other Income Expense Net-11,043,155USD
    SourceLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Assets378,624,000USD340,804,000USD367,751,000USD299,099,000USD214,315,000USD216,594,616USD139,600,873USD61,465,361USD
    Cash And Equivalents79,112,000USD———————
    Long Term Investments5,001,000USD9,930,000USD26,344,000USD———0USD—
    Total Current Assets247,291,000USD201,131,000USD241,075,000USD219,699,000USD186,530,000USD199,970,314USD125,251,470USD54,886,155USD
    Other Current Assets219,000USD8,049,000USD6,119,000USD7,759,000USD2,543,000USD1,112,309USD1,396,874USD3,632,560USD
    Other Non Current Assets3,272,000USD———————
    Total Liabilities26,832,000USD———————
    Total Current Liabilities19,272,000USD19,735,000USD13,298,000USD12,763,000USD5,689,000USD5,257,787USD6,806,747USD5,154,761USD
    Other Current Liabilities9,430,000USD———————
    Total Stockholder Equity351,792,000USD317,790,000USD350,744,000USD283,858,000USD207,206,000USD210,163,668USD131,680,914USD56,175,419USD
    Total Equity Including Noncontrolling Interest351,792,000USD———————
    Deferred Revenue1,975,000USD———————
    Net Receivables2,883,000USD5,604,000USD1,547,000USD1,493,000USD656,000USD1,099,169USD278,448USD13,099USD
    Property Plant Equipment Net60,557,000USD61,847,000USD52,382,000USD34,078,000USD21,009,000USD16,206,895USD13,771,166USD6,066,547USD
    Goodwill27,998,000USD———————
    Intangible Assets34,505,000USD36,508,000USD31,313,000USD32,871,000USD1,429,000USD———
    Accounts Payable5,505,000USD5,704,000USD5,014,000USD7,748,000USD2,531,000USD3,654,931USD4,901,665USD3,606,754USD
    Short Term Debt2,362,000USD1,886,000USD1,800,000USD1,669,000USD1,155,000USD712,562USD1,230,519USD1,478,470USD
    Common Stock9,000USD7,000USD7,000USD7,000USD6,000USD5,682USD5,127USD4,283USD
    Retained Earnings-322,017,000USD-257,890,000USD-208,886,000USD-174,612,000USD-141,592,000USD-120,741,725USD-107,525,433USD-94,405,938USD
    Accumulated Other Comprehensive Income-32,000USD-61,000USD138,000USD65,000USD297,999USD——0USD
    Total Liab—23,014,000USD17,008,000USD15,241,000USD7,109,000USD6,430,948USD7,919,959USD5,289,942USD
    Other Current Liab—9,621,000USD6,482,000USD3,343,000USD2,003,000USD890,294USD654,466USD69,537USD
    Capital Stock—7,000USD7,000USD7,000USD6,000USD5,682USD5,127USD4,283USD
    Good Will—27,998,000USD15,530,000USD11,839,000USD4,588,000USD—0USD—
    Cash—47,114,000USD106,239,000USD116,839,000USD116,700,000USD197,758,836USD123,266,437USD50,913,133USD
    Cash And Short Term Investments—187,478,000USD233,409,000USD210,447,000USD183,331,000USD197,758,836USD123,266,437USD50,913,133USD
    Current Deferred Revenue—2,524,000USD2,000USD3,000USD10,000USD20,097USD20,097USD14,097USD
    Net Debt—-42,296,000USD-100,985,000USD-112,692,000USD-114,125,000USD-195,873,113USD-120,922,706USD-49,299,482USD
    Short Long Term Debt Total—4,818,000USD5,254,000USD4,147,000USD2,575,000USD1,885,723USD2,343,731USD1,613,651USD
    Short Term Investments—140,364,000USD127,170,000USD93,608,000USD66,631,000USD—0USD—
    Property Plant Equipment Gross—71,764,000USD58,847,000USD39,128,000USD24,917,000USD19,285,770USD16,375,410USD8,397,639USD
    Common Stock Shares Outstanding—76,014,674shares73,829,726shares58,472,679shares57,514,808shares36,658,834shares36,658,834shares40,586,781shares
    Non Current Assets Total—139,673,000USD126,676,000USD79,400,000USD27,785,000USD16,624,302USD14,349,403USD6,579,206USD
    Non Current Liabilities Total—3,279,000USD3,710,000USD2,478,000USD1,420,000USD1,173,161USD1,113,212USD135,181USD
    Non Currrent Assets Other—13,320,000USD27,451,000USD612,000USD759,000USD417,407USD578,237USD512,659USD
    Net Working Capital—181,396,000USD227,777,000USD206,936,000USD180,841,000USD194,712,527USD118,444,723USD49,731,394USD
    Unclassified Non Current Assets—-9,930,000USD-26,344,000USD—————
    Unclassified Non Current Liabilities—3,279,000USD3,710,000USD2,478,000USD1,420,000USD1,173,161USD1,113,212USD—
    Unclassified Equity—575,727,000USD559,478,000USD458,391,000USD348,488,001USD330,894,029USD239,196,093USD150,572,791USD
    Inventory——0USD0USD0USD309,711USD309,711USD327,363USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USD
    Total Assets367,751,000USD139,600,873USD2,804,549USD8,544,071USD8,656,709USD
    Intangible Assets31,313,000USD————
    Other Current Assets6,119,000USD1,396,874USD676,969USD81,339USD11,163USD
    Total Liab17,008,000USD7,919,959USD6,837,955USD20,996,217USD336,314USD
    Total Stockholder Equity350,744,000USD131,680,914USD-4,033,406USD-12,452,146USD8,320,395USD
    Other Current Liab6,482,000USD654,466USD255,849USD37,434USD-336,314USD
    Common Stock7,000USD5,127USD2,450USD683USD89USD
    Capital Stock7,000USD5,127USD2,450USD1,481USD1,483USD
    Retained Earnings-208,886,000USD-107,525,433USD-68,334,381USD-43,520,645USD-21,665,518USD
    Good Will15,530,000USD0USD———
    Cash106,239,000USD123,266,437USD6,756USD2,715,719USD7,965,861USD
    Cash And Short Term Investments233,409,000USD123,266,437USD6,756USD2,715,719USD7,965,861USD
    Total Current Assets241,075,000USD125,251,470USD1,461,029USD3,439,017USD8,440,446USD
    Total Current Liabilities13,298,000USD6,806,747USD6,237,224USD3,897,002USD336,314USD
    Current Deferred Revenue2,000USD20,097USD———
    Net Debt-100,985,000USD-120,922,706USD4,366,128USD4,767,538USD-7,965,861USD
    Short Term Debt1,800,000USD1,230,519USD3,930,770USD3,697,534USD—
    Short Long Term Debt Total5,254,000USD2,343,731USD4,372,884USD7,483,257USD—
    Long Term Investments26,344,000USD0USD———
    Short Term Investments127,170,000USD0USD———
    Net Receivables1,547,000USD278,448USD2,955USD23,697USD0USD
    Inventory0USD309,711USD774,349USD618,262USD463,422USD
    Accounts Payable5,014,000USD4,901,665USD2,050,605USD162,034USD336,314USD
    Property Plant Equipment Net52,382,000USD13,771,166USD830,861USD4,592,395USD119,616USD
    Property Plant Equipment Gross58,847,000USD16,375,410USD3,125,393USD5,023,003USD162,085USD
    Accumulated Other Comprehensive Income138,000USD———1USD
    Common Stock Shares Outstanding62,284,449shares36,658,834shares36,940,918shares36,940,918shares36,940,918shares
    Non Current Assets Total126,676,000USD14,349,403USD1,343,520USD5,105,054USD216,263USD
    Non Current Liabilities Total3,710,000USD1,113,212USD600,731USD17,099,215USD0USD
    Non Currrent Assets Other27,451,000USD578,237USD343,043USD346,940USD96,647USD
    Net Working Capital227,777,000USD118,444,723USD-4,776,195USD-457,985USD8,104,132USD
    Unclassified Non Current Assets-26,344,000USD————
    Unclassified Non Current Liabilities3,710,000USD1,113,212USD—15,721,868USD—
    Unclassified Equity559,478,000USD239,196,093USD64,296,075USD31,066,335USD29,984,340USD
    Short Long Term Debt——1,070,000USD1,000,000USD—
    Long Term Debt——230,933USD1,214,600USD—
    Non Current Liabilities Other——158,617USD162,747USD—
    Unclassified Current Liabilities——-1,070,000USD——
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Net Income-49,004,000USD-34,273,000USD-33,020,000USD-20,851,708USD-13,216,292USD-13,119,495USD-7,996,219USD-9,037,367USD
    Depreciation6,258,000USD4,826,000USD2,095,000USD817,368USD474,632USD273,152USD9,060USD9,577USD
    Stock Based Compensation7,353,000USD6,333,000USD6,642,000USD4,397,633USD3,879,367USD4,624,446USD2,195,011USD3,480,037USD
    Other Non Cash Items-418,000USD-525,000USD-150,000USD-398,000USD—0USD-58USD4,162,716USD
    Change To Account Receivables-3,191,000USD19,000USD-432,000USD38,721USD-820,721USD-85,349USD80,033USD-7,102USD
    Change In Working Capital-4,963,000USD-1,298,000USD-742,000USD71,521USD-600,521USD1,958,489USD333,569USD-876,788USD
    Total Cash From Operating Activities-41,422,000USD-29,639,000USD-25,175,000USD-15,963,186USD-9,462,814USD-6,263,408USD-5,458,579USD-5,741,862USD
    Capital Expenditures-1,444,000USD-16,503,000USD-11,738,000USD-6,037,087USD-3,460,913USD-4,858,010USD-4,596,077USD-794,978USD
    Free Cash Flow-42,866,000USD-46,142,000USD-36,913,000USD-22,000,273USD-12,923,727USD-11,121,418USD-10,054,656USD-6,536,840USD
    Investments3,276,000USD-58,967,000USD-40,210,000USD-78,633,917USD-3,300,083USD-4,923,588USD-4,596,077USD-794,982USD
    Total Cashflows From Investing Activities-19,615,000USD-75,855,000USD-40,210,000USD-78,633,917USD-3,300,083USD-4,923,588USD-4,596,077USD-794,982USD
    Net Borrowings0USD0USD0USD378,383USD-564,383USD-460,244USD-1,325,000USD—
    Total Cash From Financing Activities1,912,000USD94,950,000USD65,467,000USD13,539,704USD87,255,296USD83,540,300USD32,187,755USD34,889,396USD
    Issuance Of Capital Stock1,506,000USD94,882,000USD65,246,000USD13,521,059USD75,846,941USD77,595,993USD136USD35,849,136USD
    Change In Cash-59,125,000USD-10,600,000USD139,000USD-81,058,836USD74,492,399USD72,353,304USD22,133,099USD28,352,552USD
    Begin Period Cash Flow106,239,000USD116,839,000USD116,700,000USD197,758,836USD123,266,437USD50,913,133USD28,780,034USD427,482USD
    End Period Cash Flow47,114,000USD106,239,000USD116,839,000USD116,700,000USD197,758,836USD123,266,437USD50,913,133USD28,780,034USD
    Other Cashflows From Financing Activities1,912,000USD261,212,000USD-13,000USD-34,970USD11,972,738USD6,404,551USD33,512,886USD8,832USD
    Unclassified Investing Cash Flow-21,447,000USD-75,844,941USD11,363,000USD6,691,917USD3,300,083USD4,923,588USD4,596,077USD—
    Unclassified Financing Cash Flow-1,506,000USD-261,144,000USD——————
    Change To Inventory—0USD0USD0USD17,652USD17,652USD381,926USD27,246USD
    Other Cashflows From Investing Activities—75,459,941USD375,000USD-654,830USD160,830USD-65,578USD——
    Unclassified Operating Cash Flow—-4,702,000USD—————-3,480,037USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USD
    Net Income-101,361,000USD-39,191,052USD-24,813,736USD-21,855,127USD-21,665,518USD
    Depreciation8,213,000USD309,712USD3,675,722USD388,139USD42,469USD
    Stock Based Compensation21,252,000USD14,554,926USD544,375USD195,056USD8,714USD
    Other Non Cash Items-1,073,000USD1,899,502USD5,175,372USD279,344USD11,043,155USD
    Change To Account Receivables-1,195,000USD-275,493USD20,742USD-23,697USD0USD
    Change To Inventory0USD464,638USD-156,087USD-154,840USD-463,422USD
    Change In Working Capital-2,569,000USD884,683USD-552,611USD-410,198USD-138,270USD
    Total Cash From Operating Activities-80,240,000USD-21,542,229USD-15,970,878USD-21,402,786USD-10,709,450USD
    Capital Expenditures-37,334,000USD-10,252,409USD-4,914USD-3,644,950USD-162,085USD
    Free Cash Flow-117,574,000USD-31,794,638USD-15,975,792USD-25,047,736USD-10,871,535USD
    Investments-152,252,000USD-10,317,987USD-4,914USD-4,060,962USD-258,732USD
    Total Cashflows From Investing Activities-197,999,000USD-10,317,987USD-4,914USD-4,060,962USD-258,732USD
    Net Borrowings-186,000USD1,742,667USD154,892USD6,327,328USD0USD
    Total Cash From Financing Activities261,212,000USD155,119,897USD13,266,829USD20,213,606USD18,934,043USD
    Issuance Of Capital Stock249,496,000USD113,445,129USD10,444,987USD999,999USD11,004,398USD
    Change In Cash-17,027,000USD123,259,681USD-2,708,963USD-5,250,142USD7,965,861USD
    Begin Period Cash Flow123,266,000USD6,756USD2,715,719USD7,965,861USD0USD
    End Period Cash Flow106,239,000USD123,266,437USD6,756USD2,715,719USD7,965,861USD
    Other Cashflows From Investing Activities-911,000USD-65,578USD—-416,012USD-96,647USD
    Other Cashflows From Financing Activities48,000USD39,932,101USD15,980,350USD999,999USD18,929,643USD
    Unclassified Operating Cash Flow-4,702,000USD————
    Unclassified Investing Cash Flow-7,502,000USD10,317,987USD—4,060,962USD—
    Unclassified Financing Cash Flow11,854,000USD—-2,868,410USD11,886,280USD-10,999,998USD
    Sale Purchase Of Stock——-3USD——
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    Q2 2026Quarterly · 2026-06-30ProductFleet Services2,305,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30ProductSoftware Services933,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31ProductFleet Services1,958,000USD0001832483-26-000019
    Q1 2026Quarterly · 2026-03-31ProductSoftware Services1,026,000USD0001832483-26-000019
    FY 2025Yearly · 2025-12-31ProductFleet Services1,622,000USD0001832483-26-000010
    FY 2025Yearly · 2025-12-31ProductSoftware Services1,029,000USD0001832483-26-000010
    Q3 2025Quarterly · 2025-09-30ProductFleet Services254,000USD0001832483-25-000112
    Q3 2025Quarterly · 2025-09-30ProductSoftware Services433,000USD0001832483-25-000112
    Q2 2025Quarterly · 2025-06-30ProductFleet Services330,000USD0001832483-25-000089
    Q2 2025Quarterly · 2025-06-30ProductSoftware Services312,000USD0001832483-25-000089
    Q1 2025Quarterly · 2025-03-31ProductFleet Services211,000USD0001832483-26-000019
    Q1 2025Quarterly · 2025-03-31ProductSoftware Services229,000USD0001832483-26-000019
    FY 2024Yearly · 2024-12-31ProductBranding Fees294,400USD0001832483-25-000010
    FY 2024Yearly · 2024-12-31ProductDelivery Services332,180USD0001832483-25-000010
    FY 2024Yearly · 2024-12-31ProductOther Revenue0USD0001832483-25-000010
    FY 2024Yearly · 2024-12-31ProductSoftware Services1,185,903USD0001832483-25-000010
    Q3 2024Quarterly · 2024-09-30ProductBranding Fees70,500USD0001832483-24-000029
    Q3 2024Quarterly · 2024-09-30ProductDelivery Services112,288USD0001832483-24-000029
    Q3 2024Quarterly · 2024-09-30ProductSoftware Services38,767USD0001832483-24-000029
    Q2 2024Quarterly · 2024-06-30ProductBranding Fees96,800USD0001832483-24-000016
    Q2 2024Quarterly · 2024-06-30ProductDelivery Services75,540USD0001832483-24-000016
    Q2 2024Quarterly · 2024-06-30ProductSoftware Services296,035USD0001832483-24-000016
    Q1 2024Quarterly · 2024-03-31ProductFleet Services95,610USD0001832483-25-000038
    Q1 2024Quarterly · 2024-03-31ProductSoftware Services851,101USD0001832483-25-000038
    FY 2023Yearly · 2023-12-31ProductBranding Fees45,250USD0001832483-25-000010
    FY 2023Yearly · 2023-12-31ProductDelivery Services146,462USD0001832483-25-000010
    FY 2023Yearly · 2023-12-31ProductOther Revenue15,833USD0001832483-25-000010
    FY 2023Yearly · 2023-12-31ProductSoftware Services0USD0001832483-25-000010

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.