Serve Robotics Inc. (SERV)

Serve Robotics Income Statement

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

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

Updated Mar 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q