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	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1.94	1.81	0.21	0.11	-
Revenue Growth (YoY)	15.76%	773.30%	92.49%	-	-
Cost of Revenue	11.31	1.89	1.73	1.15	-
Gross Profit	-9.36	-0.08	-1.52	-1.04	-
Selling, General & Admin	40.63	14.2	8.01	6.35	3.53
Research & Development	36.05	24.01	9.73	13.57	7.09
Operating Expenses	76.68	38.21	17.74	19.91	10.62
Operating Income	-86.04	-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	-80.29	-39.19	-23.34	-21.86	-21.67
Asset Writedown	-	-	-1.47	-	-
Pretax Income	-80.21	-39.19	-24.81	-21.86	-21.67
Net Income	-80.21	-39.19	-24.81	-21.86	-21.67
Net Income to Common	-80.21	-39.19	-24.81	-21.86	-21.67
Shares Outstanding (Basic)	56	37	14	7	7
Shares Outstanding (Diluted)	56	37	14	7	7
Shares Change (YoY)	78.38%	158.09%	105.95%	-1.44%	-
EPS (Basic)	-1.44	-1.07	-1.75	-3.17	-3.10
EPS (Diluted)	-1.44	-1.07	-1.75	-3.17	-3.10
Free Cash Flow	-82.55	-31.79	-15.98	-25.05	-10.87
Free Cash Flow Per Share	-1.49	-0.87	-1.13	-3.63	-1.55
Gross Margin	-	-4.15%	-	-	-
Operating Margin	-4425.03%	-2112.51%	-9279.25%	-19433.54%	-
Profit Margin	-4124.90%	-2162.28%	-11955.83%	-20270.20%	-
Free Cash Flow Margin	-4245.48%	-1754.20%	-7697.51%	-23231.28%	-
EBITDA	-83.31	-37.98	-17.39	-20.56	-10.58
D&A For EBITDA	2.73	0.31	1.86	0.39	0.04
EBIT	-86.04	-38.29	-19.26	-20.95	-10.62
Advertising Expenses	-	0.39	0.18	0.13	-

Updated Nov 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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