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Serve Robotics Inc. designs, develops, and operates low-emission robots that serve people in public and commercial spaces for food delivery activity in the United States. It builds self-driving delivery robots. Serve Robotics Inc. was founded in 2017 and is headquartered in Redwood City, California.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $3M | $-97M | $-101M | $-118M | -28.9% | 46.2% | 158.6% |
| 2024 | $2M | $-37M | $-39M | $-32M | -29.8% | 773.5% | 57.9% |
| 2023 | $0M | $-17M | $-25M | $-16M | 615.2% | 92.5% | 13.5% |
| 2022 | $0M | $-21M | $-22M | $-25M | 175.5% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 2.65 |
| Operating Revenue | 2.65 |
| Cost Of Revenue | 18.03 |
| Gross Profit | -15.38 |
| Operating Expense | 97.39 |
| Research And Development | 45.27 |
| Selling General And Administration | 40.02 |
| Total Expenses | 115.42 |
| Operating Income | -112.77 |
| Total Operating Income As Reported | -112.77 |
| EBITDA | -96.80 |
| Normalized EBITDA | -97.19 |
| EBIT | -105.01 |
| Interest Income | 7.27 |
| Interest Expense | 0 |
| Net Interest Income | 7.27 |
| Other Non Operating Income Expenses | 0.09 |
| Other Income Expense | 0.48 |
| Interest Income Non Operating | 7.27 |
| Interest Expense Non Operating | 0 |
| Net Non Operating Interest Income Expense | 7.27 |
| Pretax Income | -105.02 |
| Tax Provision | -3.66 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | 0.01 |
| Net Income Continuous Operations | -101.36 |
| Net Income From Continuing And Discontinued Operation | -101.36 |
| Net Income From Continuing Operation Net Minority Interest | -101.36 |
| Net Income | -101.36 |
| Net Income Common Stockholders | -101.36 |
| Net Income Including Noncontrolling Interests | -101.36 |
| Normalized Income | -101.74 |
| Diluted NI Availto Com Stockholders | -101.36 |
| Basic Average Shares | - |
| Diluted Average Shares | - |
| Reconciled Depreciation | 8.21 |
| Reconciled Cost Of Revenue | 18.03 |
| Total Unusual Items | 0.39 |
| Total Unusual Items Excluding Goodwill | 0.39 |
| Special Income Charges | - |
| Impairment Of Capital Assets | - |
| Gain On Sale Of Security | 0.39 |
| General And Administrative Expense | 37.12 |
| Other Gand A | 37.12 |
| Total Other Finance Cost | - |
| Other Operating Expenses | 12.10 |
| Selling And Marketing Expense | 2.90 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Serve Robotics Inc.this co. | SERV | $716M | -7.06 | 2.04 | -28.9% | -6.35 |
| Spire Global, Inc. | SPIR | $776M | 15.12 | 6.87 | 45.4% | 9.09 |
| Falcon's Beyond Global, Inc. | FBYD | $746M | 219.98 | 62.55 | 28.4% | 75.88 |
| Janus International Group, Inc. | JBI | $690M | 12.83 | 1.21 | 9.4% | 6.58 |
| Park Aerospace Corp. | PKE | $687M |
| - |
| - |
| - |
| - |
| - |
| 60.97 |
| 5.29 |
| 8.7% |
| 39.66 |
| Himalaya Shipping Ltd. | HSHP | $677M | 38.28 | 4.19 | 10.9% | 13.57 |
| Smith & Wesson Brands, Inc. | SWBI | $675M | 50.28 | 1.81 | 3.6% | 13.72 |
| Safe Bulkers, Inc. | SB | $652M | 16.90 | 0.78 | 4.6% | 8.16 |
| Ardmore Shipping Corporation | ASC | $652M | 15.89 | 1.03 | 6.5% | 9.11 |
| Peer Median | - | 27.59 | 3.00 | 9.0% | 11.34 | |