InsiderClue
Stocks · Industrials · General Industrial Machinery & Equipment, NEC

Serve Robotics Inc. /DE/

SERV Clue Score55
United States Fiscal year ends December CIK 0001832483
$4.35 -2.25% Close, 9 Oct 2026
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Price $4.35 −75.40% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 7 Mar 2024. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2021Operating income−0.1Net income−0.1EPS, diluted−0.01Fiscal year 2022Revenue0.1Operating income−21.0Net income−21.9EPS, diluted−3.17Fiscal year 2023Revenue0.2 +92.5%Operating income−20.7Net income−24.8EPS, diluted−1.75Fiscal year 2024Revenue1.8 +773.5%Operating income−38.3Net income−39.2EPS, diluted−1.07Fiscal year 2025Revenue2.7 +46.2%Operating income−112.8Net income−101.4EPS, diluted−1.63
FY2021FY2022FY2023FY2024FY2025
Revenue n/a 0.1 0.2 1.8 2.7
Growth +92.5% +773.5% +46.2%
Operating income −0.1 −21.0 −20.7 −38.3 −112.8
Net income −0.1 −21.9 −24.8 −39.2 −101.4
Growth
EPS, diluted −0.01 −3.17 −1.75 −1.07 −1.63

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2021Fiscal year 2022Gross margin−965.1%Operating margin−19,433.5%Net margin−20,270.2%Free cash flow margin−23,231.3%Fiscal year 2023Gross margin−733.7%Operating margin−9,987.0%Net margin−11,955.8%Free cash flow margin−7,697.5%Fiscal year 2024Gross margin−4.1%Operating margin−2,111.9%Net margin−2,161.7%Free cash flow margin−1,753.7%Fiscal year 2025Gross margin−580.2%Operating margin−4,253.8%Net margin−3,823.5%Free cash flow margin−4,435.1%
FY2021FY2022FY2023FY2024FY2025
Gross margin n/a −965.1% −733.7% −4.1% −580.2%
Operating margin n/a −19,433.5% −9,987.0% −2,111.9% −4,253.8%
Net margin n/a −20,270.2% −11,955.8% −2,161.7% −3,823.5%
Free cash flow margin n/a −23,231.3% −7,697.5% −1,753.7% −4,435.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2021Operating cash flow−0.1Fiscal year 2022Operating cash flow−21.4Capital expenditure−3.6Free cash flow−25.0Fiscal year 2023Operating cash flow−16.0Capital expenditure−0.0Free cash flow−16.0Fiscal year 2024Operating cash flow−21.5Capital expenditure−10.3Free cash flow−31.8Fiscal year 2025Operating cash flow−80.2Capital expenditure−37.3Free cash flow−117.6
FY2021FY2022FY2023FY2024FY2025
Operating cash flow −0.1 −21.4 −16.0 −21.5 −80.2
Capital expenditure n/a −3.6 −0.0 −10.3 −37.3
Free cash flow n/a −25.0 −16.0 −31.8 −117.6
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2021Cash8.0Shareholders’ equity8.3Fiscal year 2022Cash2.7Shareholders’ equity−12.5Fiscal year 2023Cash0.0Shareholders’ equity−4.0Fiscal year 2024Cash123.3Shareholders’ equity131.7Fiscal year 2025Cash106.2Shareholders’ equity350.7
FY2021FY2022FY2023FY2024FY2025
Cash 8.0 2.7 0.0 123.3 106.2
Shareholders’ equity 8.3 −12.5 −4.0 131.7 350.7

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
n/a −965.1% −733.7% −4.1% −580.2%
n/a −19,433.5% −9,987.0% −2,111.9% −4,253.8%
n/a n/a n/a −2,161.7% −3,961.4%
n/a −20,270.2% −11,955.8% −2,161.7% −3,823.5%
n/a −23,231.3% −7,697.5% −1,753.7% −4,435.1%
Spending
n/a 12,582.0% 4,792.8% 1,337.8% 1,707.5%
n/a 3,511.6% 2,225.3% 556.7% 1,400.2%
n/a 3,380.6% 2.4% 565.5% 1,408.3%
Returns
−0.7% n/a n/a −29.8% −28.9%
−20,157.6% −255.8% −884.8% −28.1% −27.6%
Balance and payout
26,738.0% 245.7% 243.8% 5.7% 4.6%