Serve Robotics Balance Sheet

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
Cash & Equivalents	116.84	123.27	0.01	2.72	7.97
Cash & Short-Term Investments	210.45	123.27	0.01	2.72	7.97
Cash Growth	313.34%	1824447.62%	-99.75%	-65.91%	-
Accounts Receivable	0.81	0.09	0	0.02	-
Other Receivables	0.69	0.19	-	-	-
Receivables	1.49	0.28	0	0.02	-
Inventory	-	0.31	0.77	0.62	0.46
Prepaid Expenses	7.63	1.4	0.68	0.08	-
Other Current Assets	0.13	-	-	-	0.01
Total Current Assets	219.7	125.25	1.46	3.44	8.44
Property, Plant & Equipment	34.08	13.77	0.83	4.59	0.12
Other Long-Term Assets	0.61	0.58	0.51	0.51	0.1
Total Assets	299.1	139.6	2.8	8.54	8.66
Accounts Payable	7.75	4.9	2.05	0.16	0.34
Accrued Expenses	3.34	0.65	0.26	0.04	-
Short-Term Debt	-	-	0.07	-	-
Current Portion of Long-Term Debt	-	-	1	1	-
Current Portion of Leases	1.67	1.23	2.86	2.7	-
Current Unearned Revenue	0	0.02	-	-	-
Total Current Liabilities	12.76	6.81	6.24	3.9	0.34
Long-Term Debt	-	-	0.23	1.21	-
Long-Term Leases	2.48	1.11	0.21	2.57	-
Other Long-Term Liabilities	-	-	0.16	13.31	-
Total Liabilities	15.24	7.92	6.84	21	0.34
Common Stock	0.01	0.01	0	0	0
Additional Paid-In Capital	458.4	239.2	64.47	31.23	29.99
Retained Earnings	-174.61	-107.53	-68.33	-43.52	-21.67
Comprehensive Income & Other	0.07	-	-0.17	-0.17	0
Total Common Equity	283.86	131.68	-4.03	-12.45	8.32
Shareholders' Equity	283.86	131.68	-4.03	-12.45	8.32
Total Liabilities & Equity	299.1	139.6	2.8	8.54	8.66
Total Debt	4.15	2.34	4.37	7.48	-
Net Cash (Debt)	206.3	120.92	-4.37	-4.77	7.97
Net Cash Per Share	3.71	3.30	-0.31	-0.69	1.14
Filing Date Shares Outstanding	74.43	56.81	24.51	8.5	7
Total Common Shares Outstanding	67.71	51.18	24.51	8.5	7
Working Capital	206.94	118.44	-4.78	-0.46	8.1
Book Value Per Share	4.19	2.57	-0.16	-1.47	1.19
Tangible Book Value	239.15	131.68	-4.03	-12.45	8.32
Tangible Book Value Per Share	3.53	2.57	-0.16	-1.47	1.19
Machinery	29.25	6.74	2.34	3.81	0.16
Construction In Progress	5.79	7.83	-	-	-

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

SEC Filings: 10-K · 10-Q