Serve Robotics Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1.48	1.81	0.21	0.11	-
Revenue Growth (YoY)	-2.68%	773.30%	92.49%	-	-
Cost of Revenue	6.62	1.89	1.73	1.15	-
Gross Profit	-5.14	-0.08	-1.52	-1.04	-
Selling, General & Admin	26.95	14.2	8.01	6.35	3.53
Research & Development	27.58	24.01	9.73	13.57	7.09
Operating Expenses	54.53	38.21	17.74	19.91	10.62
Operating Income	-59.67	-38.29	-19.26	-20.95	-10.62
Interest Expense	-	-0.68	-2.26	-0.64	-
Other Non Operating Income (Expenses)	0	-0.22	-1.82	-0.27	-11.04
EBT Excluding Unusual Items	-55.18	-39.19	-23.34	-21.86	-21.67
Asset Writedown	-	-	-1.47	-	-
Pretax Income	-55.18	-39.19	-24.81	-21.86	-21.67
Net Income	-55.18	-39.19	-24.81	-21.86	-21.67
Net Income to Common	-55.18	-39.19	-24.81	-21.86	-21.67
Shares Outstanding (Basic)	51	37	14	7	7
Shares Outstanding (Diluted)	51	37	14	7	7
Shares Change (YoY)	98.59%	158.09%	105.95%	-1.44%	-
EPS (Basic)	-1.09	-1.07	-1.75	-3.17	-3.10
EPS (Diluted)	-1.09	-1.07	-1.75	-3.17	-3.10
Free Cash Flow	-56.1	-31.79	-15.98	-25.05	-10.87
Free Cash Flow Per Share	-1.11	-0.87	-1.13	-3.63	-1.55
Gross Margin	-	-4.15%	-	-	-
Operating Margin	-4033.43%	-2112.51%	-9279.25%	-19433.54%	-
Profit Margin	-3729.96%	-2162.28%	-11955.83%	-20270.20%	-
Free Cash Flow Margin	-3791.91%	-1754.20%	-7697.51%	-23231.28%	-
EBITDA	-58.1	-37.98	-17.39	-20.56	-10.58
D&A For EBITDA	1.57	0.31	1.86	0.39	0.04
EBIT	-59.67	-38.29	-19.26	-20.95	-10.62
Advertising Expenses	-	0.39	0.18	0.13	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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