# Serve Robotics Inc. (SERV)

**Exchange:** NASDAQ  
**Sector:** Industrials  
**Market cap:** $448M  
**Price:** $7.19 (+3.01%)

> Serve Robotics Inc. is a technology company that designs, develops, and operates self-driving delivery robots for use in public and commercial spaces. Its primary focus is on autonomous, low-emission robots that handle last-mile delivery tasks, with an emphasis on food delivery in urban environments. The company’s robots are built on an AI-powered mobility platform that enables navigation on sidewalks and other shared public areas, aiming to provide an efficient, on-demand delivery option for restaurants, retailers, and logistics partners. Serve Robotics Inc. currently operates in the United States and integrates its robotic fleet with partner platforms to facilitate order fulfillment and delivery coordination. By focusing on automation, zero- or low-emission operation, and dense city routes, the company plays a role in the broader industrial and consumer services ecosystem, particularly within last-mile logistics and on-demand delivery. Founded in 2017 and headquartered in Redwood City, California, Serve Robotics Inc. positions itself at the intersection of robotics, artificial intelligence, and urban delivery infrastructure.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $3M | -$15M | -$113M | -$101M | — |
| 2024 | $2M | -$75,000 | -$38M | -$39M | — |
| 2023 | $207,545 | -$2M | -$21M | -$25M | — |
| 2022 | $107,819 | -$1M | -$21M | -$22M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $368M | $17M | $351M | $106M | — |
| 2024 | $140M | $8M | $132M | $123M | — |
| 2023 | $3M | $7M | -$4M | $6,756 | — |
| 2022 | $9M | $21M | -$12M | $3M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$80M | $37M | -$118M |
| 2024 | -$22M | $10M | -$32M |
| 2023 | -$16M | $4,914 | -$16M |
| 2022 | -$21M | $4M | -$25M |
| 2021 | -$51,627 | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/SERV)