Serve Robotics Inc. (SERV)
NASDAQ: SERV · Real-Time Price · USD
2.320
-0.330 (-12.45%)
At close: Nov 5, 2026, 4:00 PM EST
2.519
+0.199 (8.57%)
After-hours: Nov 5, 2026, 7:57 PM EST
Serve Robotics Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | -206.63 | -101.36 | -39.19 | -24.81 | -21.86 | -21.67 |
Depreciation & Amortization | 22.55 | 5.73 | 0.31 | 1.86 | 0.39 | 0.04 |
Other Amortization | 1.55 | 2.48 | 1.68 | 1.81 | 0.01 | - |
Asset Writedown & Restructuring Costs | - | - | - | 1.47 | - | - |
Loss (Gain) From Sale of Investments | -1.91 | -1.07 | - | - | - | - |
Stock-Based Compensation | 40.91 | 21.25 | 14.56 | 0.54 | 0.2 | 0.01 |
Other Operating Activities | -6.16 | -4.7 | 0.22 | 1.82 | 0.27 | 11.04 |
Change in Accounts Receivable | -0.42 | -0.7 | -0.08 | 0.02 | -0.02 | - |
Change in Inventory | - | - | 0.47 | -0.16 | -0.15 | -0.46 |
Change in Accounts Payable | -8.99 | -2.02 | 0.87 | 1.89 | -0.17 | 0.34 |
Change in Unearned Revenue | -0.01 | -0.02 | 0.02 | - | - | - |
Change in Other Net Operating Assets | 5.95 | 0.16 | -0.39 | -0.42 | -0.06 | -0.01 |
Operating Cash Flow | -153.17 | -80.24 | -21.54 | -15.97 | -21.4 | -10.71 |
Operating Cash Flow Growth | - | - | - | - | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -24.23 | -37.33 | -10.25 | -0 | -3.64 | -0.16 |
Cash Acquisitions | -21.45 | -7.5 | - | - | - | - |
Sale (Purchase) of Intangibles | - | -0.41 | - | - | - | - |
Investment in Securities | -51.65 | -152.25 | - | - | - | - |
Other Investing Activities | 4.05 | -0.51 | -0.07 | - | -0.42 | -0.1 |
Investing Cash Flow | -93.26 | -198 | -10.32 | -0 | -4.06 | -0.26 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | - | 4.85 | 3.32 | - | - |
Long-Term Debt Issued | - | - | - | 0.75 | 6.96 | - |
Total Debt Issued | - | - | 4.85 | 4.07 | 6.96 | - |
Short-Term Debt Repaid | - | - | -0.07 | -0.45 | - | - |
Long-Term Debt Repaid | - | -0.19 | -3.03 | -3.46 | -0.63 | - |
Total Debt Repaid | - | -0.19 | -3.1 | -3.91 | -0.63 | - |
Net Debt Issued (Repaid) | - | -0.19 | 1.74 | 0.15 | 6.33 | - |
Issuance of Common Stock | 180.42 | 261.35 | 157.53 | 15.4 | 12.89 | 7.93 |
Repurchase of Common Stock | - | - | - | -0 | - | - |
Other Financing Activities | - | 0.05 | -4.15 | -2.29 | - | - |
Financing Cash Flow | 180.42 | 261.21 | 155.12 | 13.27 | 20.21 | 18.93 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -0.06 | 0 | - | - | - | - |
Miscellaneous Cash Flow Adjustments | - | -0 | - | - | - | 0 |
Net Cash Flow | -66.07 | -17.03 | 123.26 | -2.71 | -5.25 | 7.97 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -177.4 | -117.58 | -31.79 | -15.98 | -25.05 | -10.87 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -1784.86% | -4435.12% | -1753.67% | -7697.51% | -23231.28% | - |
Free Cash Flow Per Share | -2.24 | -1.89 | -0.87 | -1.13 | -3.63 | -1.55 |
Levered Free Cash Flow | -125.36 | -77.64 | -16.13 | -7.86 | -16.93 | - |
Unlevered Free Cash Flow | -125.36 | -77.64 | -16.58 | -8.26 | -16.54 | - |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 0.13 | 0.22 | 0.2 | 0.51 | 0.62 | - |
Change in Working Capital | -3.48 | -2.57 | 0.88 | 1.34 | -0.41 | -0.14 |