Serve Robotics Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	2.65	1.81	0.21	0.11
Revenue Growth (YoY)	46.22%	773.55%	92.49%	-
Cost of Revenue	18.03	1.89	1.73	1.15
Gross Profit	-15.38	-0.08	-1.52	-1.04
Selling, General & Admin	52.12	13.96	7.79	6.35
Research & Development	45.27	24.26	9.95	13.57
Other Operating Expenses	-	-	1.47	-
Total Operating Expenses	97.39	38.21	19.2	19.91
Operating Income	-112.77	-38.29	-20.73	-20.95
Interest Income	7.27	1.28	-	-
Interest Expense	-0	-1.96	-	-
Other Non-Operating Income (Expense)	0.48	-0.22	-4.09	-0.9
Total Non-Operating Income (Expense)	7.75	-0.9	-4.09	-0.9
Pretax Income	-105.02	-39.19	-24.81	-21.86
Net Income	-101.36	-39.19	-24.81	-21.86
Net Income to Common	-101.36	-39.19	-24.81	-21.86
Shares Outstanding (Basic)	62	37	14	7
Shares Outstanding (Diluted)	62	37	14	7
Shares Change (YoY)	69.90%	158.09%	105.95%	-
EPS (Basic)	-1.63	-1.07	-1.75	-3.17
EPS (Diluted)	-1.63	-1.07	-1.75	-3.17
Shares Outstanding	74.73	51.29	-	-
Free Cash Flow	-117.58	-31.79	-15.98	-25.05
Free Cash Flow Per Share	-1.89	-0.87	-1.12	-3.63
Gross Margin	-580.23%	-4.14%	-733.68%	-965.14%
Operating Margin	-4253.83%	-2111.91%	-9987.04%	-19433.50%
Profit Margin	-3823.50%	-2161.67%	-11955.80%	-20270.20%
FCF Margin	-4435.12%	-1753.67%	-7697.51%	-23231.30%
EBITDA	-104.56	-37.98	-18.86	-20.56
EBITDA Margin	-3944.02%	-2094.82%	-9088.96%	-19073.60%
EBIT	-112.77	-38.29	-20.73	-20.95
EBIT Margin	-4253.83%	-2111.91%	-9987.04%	-19433.50%

Updated Mar 11, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q