5 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $3M | -$101M | -580.2% | -4253.8% | -$118M | — | $106M |
| 2024 | $2M | -$39M | -4.1% | -2111.9% | -$32M | — | $123M |
| 2023 | $207545 | -$25M | -733.7% | -9987.0% | -$16M | — | $6756 |
| 2022 | — | -$22M | — | — | -$25M | — | $3M |
| 2021 | — | -$54627 | — | — | — | — | — |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $3M | -$49M | -301.6% | -1735.3% | -$43M | — | $47M |
| Dec '25 | $882000 | -$34M | -756.8% | -4569.4% | -$46M | — | $106M |
| Sep '25 | $687000 | -$33M | -637.4% | -5067.8% | -$37M | — | $117M |
| Jun '25 | $642000 | -$21M | -445.3% | -3527.1% | -$22M | — | $117M |
| Mar '25 | $440000 | -$13M | -333.9% | -3410.5% | -$13M | — | $198M |
| Dec '24 | $176000 | -$13M | -372.7% | -7714.2% | -$11M | — | $123M |
| Sep '24 | $222000 | -$8M | -70.3% | -3804.1% | -$10M | — | $51M |
| Jun '24 | $468000 | -$9M | 30.3% | -1828.2% | -$7M | — | $29M |
| Mar '24 | $946711 | -$9M | 62.8% | -814.6% | -$4M | — | — |
| Dec '23 | $42719 | -$7M | -834.2% | -15967.0% | -$4M | — | $6756 |
| Sep '23 | $62565 | -$8M | -815.1% | -8915.2% | -$6M | — | — |
| Jun '23 | $62009 | -$5M | -531.1% | -6614.6% | — | — | — |
| Mar '23 | — | -$5M | — | — | — | — | — |
| Dec '22 | — | -$7M | — | — | -$8M | — | $3M |
| Sep '22 | — | -$5M | — | — | — | — | — |
| Jun '22 | — | -$5M | — | — | — | — | — |
| Mar '22 | — | -$7888 | — | — | — | — | — |
| Dec '21 | — | -$9406 | — | — | — | — | — |
| Sep '21 | — | -$14720 | — | — | — | — | $6677 |
| Jun '21 | — | -$14284 | — | — | — | — | $9917 |
How the market has priced SERV against its own fundamentals since 2024-04 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 4 years, Serve Robotics Inc. /De/'s revenue has grown 257.4% per year. These are computed facts, not advice.
As of FY2025, Serve Robotics Inc. /De/ reported — of total debt against $106M of cash; operating income covered interest expense -37589.7×.
In FY2025, gross margin was -580.2%, operating margin -4253.8%, and net margin -3823.5%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.