Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
---|---|---|---|---|---|
Income Statement | |||||
Total Revenue | 1.48M | 1.81M | 207.54K | 107.82K | 0.00 |
Gross Profit | -5.14M | -75.16K | -1.52M | -1.04M | -42.47K |
EBITDA | -58.93M | -37.98M | -20.69M | -20.83M | -21.62M |
Net Income | -55.18M | -39.19M | -24.81M | -21.86M | -21.67M |
Balance Sheet | |||||
Total Assets | 214.31M | 139.60M | 2.80M | 8.54M | 8.66M |
Cash, Cash Equivalents and Short-Term Investments | 183.33M | 123.27M | 6.76K | 2.72M | 7.97M |
Total Debt | 2.58M | 2.34M | 4.37M | 7.48M | 0.00 |
Total Liabilities | 7.11M | 7.92M | 6.84M | 21.00M | 336.31K |
Stockholders Equity | 207.21M | 131.68M | -4.03M | -12.45M | 8.32M |
Cash Flow | |||||
Free Cash Flow | -56.10M | -31.79M | -15.98M | -25.05M | -10.87M |
Operating Cash Flow | -37.15M | -21.54M | -15.97M | -21.40M | -10.71M |
Investing Cash Flow | -91.45M | -10.32M | -4.91K | -4.06M | -258.73K |
Financing Cash Flow | 216.52M | 155.12M | 13.27M | 20.21M | 18.93M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
56 Neutral | $6.67B | -2.33 | -4.11% | 6.23% | 14.92% | 10.98% | |
55 Neutral | $614.99M | ― | -46.83% | ― | -2.66% | -28.60% | |
54 Neutral | $78.80M | ― | -61.47% | ― | 123.75% | 66.85% | |
48 Neutral | $50.92M | 30.96 | -3.73% | ― | -18.38% | -128.11% | |
45 Neutral | $16.50M | ― | -58.13% | ― | -80.89% | 50.92% | |
― | $133.89M | ― | ― | ― | ― | ||
― | $472.17M | ― | -26.25% | ― | ― | ― |
Serve Robotics Inc. announced the acquisition of Vayu Robotics, a pioneer in AI-based urban robot navigation, on August 18, 2025. This strategic move aims to enhance Serve’s capabilities in autonomous delivery by integrating Vayu’s AI foundation models and simulation-powered data engine, positioning Serve at the forefront of the robotics industry. The acquisition is expected to accelerate Serve’s roadmap, expand its autonomy training capabilities, and facilitate entry into new markets and use cases, ultimately improving operational efficiency and reducing delivery costs. Vinod Khosla, Vayu’s lead investor, will join Serve’s Advisory Board, further strengthening Serve’s industry positioning.
On August 7, 2025, Serve Robotics Inc. announced its financial results for the second quarter of 2025, highlighting a significant delivery volume growth of nearly 80% quarter over quarter and a 46% increase in revenue to $642 thousand. The company expanded into new markets, including Atlanta and Chicago, and maintained a strong liquidity position of $183 million. Serve Robotics also announced a new partnership with Little Caesars, emphasizing its strategic focus on becoming a preferred delivery partner for key merchants. The company plans to quadruple its fleet again in the latter half of 2025, projecting an annualized revenue run-rate of $60 to $80 million once its 2,000-robot fleet is fully deployed by 2026.
At the 2025 annual meeting of Serve Robotics Inc. held on June 12, 2025, stockholders voted on several key proposals. The election of two directors, Lily Sarafan and Olivier Vincent, to serve as Class II directors until 2028 was confirmed. Additionally, the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified. Furthermore, an amendment to the 2023 Equity Incentive Plan to increase the number of shares authorized for issuance was approved. These decisions reflect the company’s strategic direction and governance priorities.