Serve Robotics (SERV) Financials

$6.34 -0.71 (-10.07%)

Closing price 05/5/2025 04:00 PM Eastern

Extended Trading

$6.20 -0.15 (-2.29%)

As of 07:53 AM Eastern

Annual Income Statements for Serve Robotics

This table shows Serve Robotics' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-22	-25	-39
Consolidated Net Income / (Loss)	-22	-25	-39
Net Income / (Loss) Continuing Operations	-22	-25	-39
Total Pre-Tax Income	-22	-25	-39
Total Operating Income	-21	-21	-38
Total Gross Profit	-1.04	-1.52	-0.08
Total Revenue	0.11	0.21	1.81
Operating Revenue	0.11	0.21	1.81
Total Cost of Revenue	1.15	1.73	1.89
Operating Cost of Revenue	1.15	1.73	1.89
Total Operating Expenses	20	19	38
Selling, General & Admin Expense	5.82	7.18	13
Marketing Expense	0.53	0.61	0.58
Research & Development Expense	14	9.95	24
Impairment Charge	0.00	1.47	0.00
Total Other Income / (Expense), net	-0.90	-4.09	-0.90
Interest & Investment Income	-	-2.26	-0.68
Other Income / (Expense), net	-0.27	-1.82	-0.22
Income Tax Expense	0.00	0.00	0.00
Basic Earnings per Share	($3.17)	($1.75)	($1.07)
Weighted Average Basic Shares Outstanding	6.90M	14.20M	36.66M
Diluted Earnings per Share	-	($1.75)	($1.07)
Weighted Average Diluted Shares Outstanding	-	14.20M	36.66M
Weighted Average Basic & Diluted Shares Outstanding	-	24.83M	56.92M

This table shows Serve Robotics' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-5.14	-4.97	-7.65	-7.06	-9.04	-9.04	-8.00	-13
Consolidated Net Income / (Loss)	-5.14	-4.97	-7.65	-7.06	-9.04	-9.04	-8.00	-13
Net Income / (Loss) Continuing Operations	-5.14	-4.97	-7.65	-7.06	-9.04	-9.04	-8.00	-13
Total Pre-Tax Income	-5.14	-4.97	-7.65	-7.06	-9.04	-9.04	-8.00	-13
Total Operating Income	-4.23	-4.10	-5.58	-6.82	-7.71	-8.56	-8.45	-14
Total Gross Profit	-0.33	-0.33	-0.51	-0.36	0.59	0.14	-0.16	-0.66
Total Revenue	0.04	0.06	0.06	0.04	0.95	0.47	0.22	0.18
Operating Revenue	0.04	0.06	0.06	0.04	0.95	0.47	0.22	0.18
Total Cost of Revenue	0.37	0.39	0.57	0.40	0.35	0.33	0.38	0.83
Operating Cost of Revenue	0.37	0.39	0.57	0.40	0.35	0.33	0.38	0.83
Total Operating Expenses	3.90	3.77	5.07	6.46	8.31	8.70	8.29	13
Selling, General & Admin Expense	1.54	1.56	1.99	2.10	1.55	2.74	2.90	6.19
Marketing Expense	0.28	0.08	0.12	0.12	0.12	0.17	0.38	-0.09
Research & Development Expense	2.08	2.13	2.96	2.78	6.64	5.79	5.01	6.82
Total Other Income / (Expense), net	-0.91	-0.86	-2.07	-0.24	-1.33	-0.48	0.45	0.46
Basic Earnings per Share	($0.77)	($0.74)	($0.41)	$0.17	($0.37)	($0.27)	($0.20)	($0.23)
Weighted Average Basic Shares Outstanding	6.71M	6.68M	18.53M	14.20M	24.56M	33.80M	40.59M	36.66M
Weighted Average Diluted Shares Outstanding	-	6.68M	18.53M	14.20M	37.08M	33.80M	40.59M	36.66M
Weighted Average Basic & Diluted Shares Outstanding	-	-	-	24.83M	37.08M	39.60M	44.30M	56.92M

This table details how cash moves in and out of Serve Robotics' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-5.25	-2.71	123
Net Cash From Operating Activities	-21	-16	-22
Net Cash From Continuing Operating Activities	-21	-16	-22
Net Income / (Loss) Continuing Operations	-22	-25	-39
Consolidated Net Income / (Loss)	-22	-25	-39
Depreciation Expense	0.39	1.86	0.31
Amortization Expense	0.01	1.81	1.68
Non-Cash Adjustments To Reconcile Net Income	0.46	3.68	15
Changes in Operating Assets and Liabilities, net	-0.41	1.48	1.06
Net Cash From Investing Activities	-4.06	-0.00	-10
Net Cash From Continuing Investing Activities	-4.06	-0.00	-10
Purchase of Property, Plant & Equipment	-4.06	-0.00	-10
Net Cash From Financing Activities	20	13	155
Net Cash From Continuing Financing Activities	20	13	155
Repayment of Debt	-0.63	-2.20	-1.32
Repurchase of Common Equity	0.00	-0.00	0.00
Issuance of Debt	2.50	4.07	4.84
Issuance of Common Equity	13	10	131
Other Financing Activities, net	4.46	0.95	21
Cash Interest Paid	0.62	0.51	0.20
Cash Income Taxes Paid	0.00	0.00	0.00

This table details how cash moves in and out of Serve Robotics' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-1.85	-0.85	3.48	-3.50	0.42	28	22	72
Net Cash From Operating Activities	-3.71	-2.88	-5.70	-3.68	-4.08	-5.74	-5.46	-6.26
Net Cash From Continuing Operating Activities	-3.71	-2.88	-5.70	-3.68	-4.08	-5.74	-5.46	-6.26
Net Income / (Loss) Continuing Operations	-5.14	-4.97	-7.65	-7.06	-9.04	-9.04	-8.00	-13
Consolidated Net Income / (Loss)	-5.14	-4.97	-7.65	-7.06	-9.04	-9.04	-8.00	-13
Depreciation Expense	0.47	0.47	0.47	0.47	0.02	0.01	0.01	0.27
Non-Cash Adjustments To Reconcile Net Income	0.96	0.47	1.53	0.72	4.26	3.27	2.22	4.85
Changes in Operating Assets and Liabilities, net	-0.01	0.69	-0.40	1.21	-0.53	-0.45	0.30	1.73
Net Cash From Investing Activities	0.00	-	-0.00	-0.00	-0.00	-0.79	-4.60	-4.92
Net Cash From Continuing Investing Activities	0.00	-	-0.00	-0.00	-0.00	-0.79	-4.60	-4.92
Purchase of Property, Plant & Equipment	0.00	-	-0.00	-0.00	-0.00	-0.79	-4.60	-4.92
Net Cash From Financing Activities	1.86	2.03	9.19	0.18	4.50	35	32	84
Net Cash From Continuing Financing Activities	1.86	2.03	9.19	0.18	4.50	35	32	84
Issuance of Common Equity	2.67	-2.67	10	0.42	0.00	36	17	78
Other Financing Activities, net	0.00	4.35	-3.34	-0.06	0.01	4.11	11	5.94
Cash Interest Paid	0.04	0.04	0.18	0.25	0.04	0.01	0.01	0.14

This table presents Serve Robotics' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	8.54	2.80	140
Total Current Assets	3.44	1.46	125
Cash & Equivalents	2.72	0.01	123
Accounts Receivable	0.02	0.00	0.28
Inventories, net	0.62	0.77	0.31
Prepaid Expenses	0.08	0.68	1.40
Plant, Property, & Equipment, net	3.38	0.05	12
Total Noncurrent Assets	1.73	1.30	2.39
Other Noncurrent Operating Assets	1.73	1.30	2.39
Total Liabilities & Shareholders' Equity	8.54	2.80	140
Total Liabilities	21	6.84	7.92
Total Current Liabilities	3.90	6.24	6.81
Short-Term Debt	1.00	1.07	0.00
Accounts Payable	0.16	2.05	4.90
Accrued Expenses	0.04	0.26	0.65
Current Deferred Revenue	-	0.00	0.02
Other Current Liabilities	2.86	2.86	1.23
Total Noncurrent Liabilities	17	0.60	1.11
Long-Term Debt	1.21	0.23	0.00
Noncurrent Employee Benefit Liabilities	-	0.16	0.00
Other Noncurrent Operating Liabilities	16	0.21	1.11
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-12	-4.03	132
Total Preferred & Common Equity	-12	-4.03	132
Preferred Stock	0.00	0.00	0.00
Total Common Equity	-12	-4.03	132
Common Stock	31	64	239
Retained Earnings	-44	-68	-108
Other Equity Adjustments	-0.17	-0.17	0.00

This table presents Serve Robotics' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024
Period end date	3/31/2024	6/30/2024	9/30/2024
Total Assets	4.25	33	61
Total Current Assets	3.03	31	55
Cash & Equivalents	0.43	29	51
Accounts Receivable	0.27	0.09	0.01
Inventories, net	0.74	0.71	0.33
Prepaid Expenses	0.63	1.12	3.45
Other Current Assets	0.97	0.18	0.18
Plant, Property, & Equipment, net	0.03	0.82	5.41
Total Noncurrent Assets	1.18	1.06	1.17
Other Noncurrent Operating Assets	1.18	1.06	1.17
Total Liabilities & Shareholders' Equity	4.25	33	61
Total Liabilities	13	4.30	5.29
Total Current Liabilities	13	4.27	5.15
Short-Term Debt	5.55	0.75	0.00
Accounts Payable	1.73	1.39	3.61
Accrued Expenses	1.15	0.05	0.06
Current Deferred Revenue	0.07	0.05	0.01
Other Current Liabilities	4.41	2.03	1.48
Total Noncurrent Liabilities	0.15	0.04	0.14
Long-Term Debt	0.00	0.00	0.00
Noncurrent Employee Benefit Liabilities	-	0.00	0.00
Other Noncurrent Operating Liabilities	0.15	0.04	0.14
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-8.81	28	56
Total Preferred & Common Equity	-8.81	28	56
Preferred Stock	0.00	0.00	0.00
Total Common Equity	-8.81	28	56
Common Stock	69	115	151
Retained Earnings	-77	-86	-94
Other Equity Adjustments	-0.17	0.00	0.00

This table displays calculated financial ratios and metrics derived from Serve Robotics' official financial filings.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	0.00%	92.49%	773.30%
EBITDA Growth	0.00%	9.34%	-93.51%
EBIT Growth	0.00%	-6.27%	-70.78%
NOPAT Growth	0.00%	1.08%	-84.72%
Net Income Growth	0.00%	-13.54%	-57.94%
EPS Growth	0.00%	0.00%	38.86%
Operating Cash Flow Growth	0.00%	25.38%	-34.88%
Free Cash Flow Firm Growth	0.00%	0.00%	-53.52%
Invested Capital Growth	0.00%	78.85%	407.18%
Revenue Q/Q Growth	0.00%	0.00%	7.93%
EBITDA Q/Q Growth	0.00%	0.00%	-27.80%
EBIT Q/Q Growth	0.00%	0.00%	-21.27%
NOPAT Q/Q Growth	0.00%	0.00%	-21.42%
Net Income Q/Q Growth	0.00%	0.00%	-18.28%
EPS Q/Q Growth	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-13.65%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	59.90%
Profitability Metrics	-	-	-
Gross Margin	-965.14%	-733.68%	-4.15%
EBITDA Margin	-19,307.41%	-9,093.73%	-2,015.07%
Operating Margin	-19,433.54%	-9,987.04%	-2,112.51%
EBIT Margin	-19,680.02%	-10,864.78%	-2,124.74%
Profit (Net Income) Margin	-20,270.20%	-11,955.83%	-2,162.29%
Tax Burden Percent	100.00%	100.00%	100.00%
Interest Burden Percent	103.00%	110.04%	101.77%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	-944.53%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	-924.22%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	883.13%
Return on Equity (ROE)	175.51%	301.04%	-61.41%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	-451.08%
Operating Return on Assets (OROA)	-248.35%	-397.39%	-54.09%
Return on Assets (ROA)	-255.79%	-437.30%	-55.04%
Return on Common Equity (ROCE)	175.52%	301.05%	-61.41%
Return on Equity Simple (ROE_SIMPLE)	175.51%	615.21%	-29.76%
Net Operating Profit after Tax (NOPAT)	-15	-15	-27
NOPAT Margin	-13,603.48%	-6,990.93%	-1,478.76%
Net Nonoperating Expense Percent (NNEP)	-1,434.39%	2,598.65%	-20.31%
Return On Investment Capital (ROIC_SIMPLE)	-	531.00%	-20.35%
Cost of Revenue to Revenue	1,065.14%	833.68%	104.15%
SG&A Expenses to Revenue	5,399.04%	3,461.14%	738.31%
R&D to Revenue	12,581.98%	4,792.82%	1,338.22%
Operating Expenses to Revenue	18,468.40%	9,253.36%	2,108.37%
Earnings before Interest and Taxes (EBIT)	-21	-23	-39
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-21	-19	-37
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.00	0.00	4.54
Price to Tangible Book Value (P/TBV)	0.00	0.00	4.54
Price to Revenue (P/Rev)	370.99	192.73	329.95
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	56.42
Enterprise Value to Revenue (EV/Rev)	366.35	198.96	261.94
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	-0.18	-0.32	0.00
Long-Term Debt to Equity	-0.10	-0.06	0.00
Financial Leverage	0.04	-0.05	-0.96
Leverage Ratio	-0.69	-0.69	1.12
Compound Leverage Factor	-0.71	-0.76	1.14
Debt to Total Capital	-21.63%	-47.61%	0.00%
Short-Term Debt to Total Capital	-9.77%	-39.16%	0.00%
Long-Term Debt to Total Capital	-11.86%	-8.45%	0.00%
Preferred Equity to Total Capital	-0.01%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	121.64%	147.61%	100.00%
Debt to EBITDA	-0.11	-0.07	0.00
Net Debt to EBITDA	0.02	-0.07	0.00
Long-Term Debt to EBITDA	-0.06	-0.01	0.00
Debt to NOPAT	-0.15	-0.09	0.00
Net Debt to NOPAT	0.03	-0.09	0.00
Long-Term Debt to NOPAT	-0.08	-0.02	0.00
Altman Z-Score	-14.24	-59.10	44.35
Noncontrolling Interest Sharing Ratio	-0.01%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	0.88	0.23	18.40
Quick Ratio	0.70	0.00	18.15
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-25	-38
Operating Cash Flow to CapEx	-527.04%	-325,007.69%	-208.78%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	-33.63	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-40.02	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.01	0.04	0.03
Accounts Receivable Turnover	4.55	15.57	12.88
Inventory Turnover	1.86	2.48	3.48
Fixed Asset Turnover	0.03	0.12	0.30
Accounts Payable Turnover	7.09	1.56	0.54
Days Sales Outstanding (DSO)	80.22	23.44	28.33
Days Inventory Outstanding (DIO)	196.50	146.89	104.81
Days Payable Outstanding (DPO)	51.50	233.38	672.16
Cash Conversion Cycle (CCC)	225.22	-63.06	-539.01
Capital & Investment Metrics	-	-	-
Invested Capital	-13	-2.74	8.41
Invested Capital Turnover	-0.01	-0.03	0.64
Increase / (Decrease) in Invested Capital	0.00	10	11
Enterprise Value (EV)	39	41	475
Market Capitalization	40	40	598
Book Value per Share	($1.81)	($0.28)	$2.97
Tangible Book Value per Share	($1.81)	($0.28)	$2.97
Total Capital	-10	-2.73	132
Total Debt	2.21	1.30	0.00
Total Long-Term Debt	1.21	0.23	0.00
Net Debt	-0.50	1.29	-123
Capital Expenditures (CapEx)	4.06	0.00	10
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-2.17	-3.71	-4.82
Debt-free Net Working Capital (DFNWC)	0.54	-3.71	118
Net Working Capital (NWC)	-0.46	-4.78	118
Net Nonoperating Expense (NNE)	7.19	10	12
Net Nonoperating Obligations (NNO)	-0.50	1.29	-123
Total Depreciation and Amortization (D&A)	0.40	3.68	1.99
Debt-free, Cash-free Net Working Capital to Revenue	-2,016.07%	-1,788.99%	-266.03%
Debt-free Net Working Capital to Revenue	502.71%	-1,785.73%	6,534.94%
Net Working Capital to Revenue	-424.77%	-2,301.28%	6,534.94%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.00	($1.75)	($1.07)
Adjusted Weighted Average Basic Shares Outstanding	0.00	14.20M	36.66M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($1.07)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	24.83M	36.66M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	24.83M	56.92M
Normalized Net Operating Profit after Tax (NOPAT)	-15	-13	-27
Normalized NOPAT Margin	-13,603.48%	-6,495.47%	-1,478.76%
Pre Tax Income Margin	-20,270.20%	-11,955.83%	-2,162.29%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-33.35	0.00	0.00
NOPAT to Interest Expense	-23.05	0.00	0.00
EBIT Less CapEx to Interest Expense	-39.73	0.00	0.00
NOPAT Less CapEx to Interest Expense	-29.43	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.01%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Serve Robotics' official financial filings.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	0.00%	0.00%	2,251.96%	655.33%	254.12%	311.62%
EBITDA Growth	0.00%	0.00%	0.00%	0.00%	-40.07%	-134.47%	-57.77%	-148.25%
EBIT Growth	0.00%	0.00%	0.00%	0.00%	-51.31%	-96.39%	-37.04%	-99.04%
NOPAT Growth	0.00%	0.00%	0.00%	0.00%	-82.42%	-108.59%	-51.41%	-99.04%
Net Income Growth	0.00%	0.00%	0.00%	0.00%	-75.90%	-81.98%	-4.58%	-85.74%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	63.51%	51.22%	0.00%
Operating Cash Flow Growth	0.00%	0.00%	0.00%	0.00%	-9.83%	-99.59%	4.31%	-70.36%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	407.18%
Revenue Q/Q Growth	0.00%	54.05%	0.90%	-31.72%	0.00%	-50.53%	-52.70%	-20.63%
EBITDA Q/Q Growth	0.00%	23.47%	-51.00%	-0.22%	0.00%	-28.11%	-1.61%	-57.70%
EBIT Q/Q Growth	0.00%	12.30%	-37.88%	-10.68%	0.00%	-13.82%	3.78%	-60.77%
NOPAT Q/Q Growth	0.00%	2.97%	-35.99%	-22.29%	0.00%	-10.95%	1.29%	-60.77%
Net Income Q/Q Growth	0.00%	3.34%	-53.96%	7.62%	0.00%	0.01%	11.52%	-64.07%
EPS Q/Q Growth	0.00%	0.00%	44.59%	0.00%	0.00%	0.00%	25.93%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	22.53%	-98.28%	35.55%	0.00%	-40.79%	4.93%	-14.74%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-274.76%	-73.97%	-84.87%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	111.77%	1,113.33%	59.90%
Profitability Metrics	-	-	-	-	-	-	-	-
Gross Margin	-812.40%	-531.15%	-815.11%	-834.24%	62.77%	30.39%	-70.30%	-373.09%
EBITDA Margin	-11,494.43%	-5,710.54%	-8,546.20%	-12,544.46%	-684.55%	-1,772.63%	-3,807.64%	-7,565.65%
Operating Margin	-10,501.87%	-6,614.60%	-8,915.19%	-15,967.03%	-814.55%	-1,826.67%	-3,811.73%	-7,720.99%
EBIT Margin	-12,661.18%	-7,207.65%	-9,849.89%	-15,967.03%	-814.55%	-1,873.98%	-3,811.73%	-7,720.99%
Profit (Net Income) Margin	-12,764.89%	-8,008.93%	-12,220.85%	-16,534.53%	-954.67%	-1,929.52%	-3,609.14%	-7,460.96%
Tax Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Interest Burden Percent	100.82%	111.12%	124.07%	103.55%	117.20%	102.96%	94.69%	96.63%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	-8,964.83%	-1,703.02%	-3,452.15%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	-8,943.08%	-1,694.83%	-3,446.22%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	8,806.81%	1,536.06%	3,293.00%
Return on Equity (ROE)	0.00%	0.00%	0.00%	301.04%	326.06%	-158.02%	-166.95%	-159.15%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-451.08%
Operating Return on Assets (OROA)	0.00%	0.00%	0.00%	-584.01%	-213.60%	-86.95%	-104.14%	-196.54%
Return on Assets (ROA)	0.00%	0.00%	0.00%	-604.77%	-250.35%	-89.53%	-98.61%	-189.92%
Return on Common Equity (ROCE)	0.00%	0.00%	0.00%	301.05%	326.06%	-158.02%	-166.95%	-159.15%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	326.06%	-115.18%	-58.98%	0.00%
Net Operating Profit after Tax (NOPAT)	-2.96	-2.87	-3.90	-4.77	-5.40	-5.99	-5.91	-9.50
NOPAT Margin	-7,351.31%	-4,630.22%	-6,240.63%	-11,176.92%	-570.19%	-1,278.67%	-2,668.21%	-5,404.69%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	176.85%	142.13%	-21.75%	-8.19%	-5.93%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	174.74%	-	-	-	-7.22%
Cost of Revenue to Revenue	912.40%	631.15%	915.11%	934.24%	37.23%	69.61%	170.30%	473.09%
SG&A Expenses to Revenue	3,820.12%	2,521.36%	3,174.64%	4,906.66%	163.62%	585.97%	1,307.77%	3,520.59%
R&D to Revenue	5,174.77%	3,428.03%	4,735.57%	6,497.84%	701.21%	1,235.74%	2,260.38%	3,878.87%
Operating Expenses to Revenue	9,689.47%	6,083.45%	8,100.08%	15,132.79%	877.32%	1,857.07%	3,741.43%	7,347.90%
Earnings before Interest and Taxes (EBIT)	-5.10	-4.47	-6.16	-6.82	-7.71	-8.78	-8.45	-14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-4.63	-3.54	-5.35	-5.36	-6.48	-8.30	-8.44	-13
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	5.60	4.54
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	5.60	4.54
Price to Revenue (P/Rev)	0.00	0.00	0.00	192.73	0.00	0.00	187.46	329.95
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	50.15	56.42
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	198.96	0.00	0.00	157.15	261.94
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	-0.32	-0.63	0.03	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	-0.06	0.00	0.00	0.00	0.00
Financial Leverage	0.00	0.00	0.00	-0.32	-0.58	-0.98	-0.91	-0.96
Leverage Ratio	0.00	0.00	0.00	-0.69	-0.48	1.15	1.09	1.12
Compound Leverage Factor	0.00	0.00	0.00	-0.71	-0.57	1.19	1.04	1.08
Debt to Total Capital	0.00%	0.00%	0.00%	-47.61%	-170.40%	2.57%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	-39.16%	-170.40%	2.57%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	-8.45%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	0.00%	0.00%	147.61%	270.40%	97.43%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	-0.07	-0.27	-0.03	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	-0.07	-0.25	1.10	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	-0.01	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	-0.09	-0.33	-0.04	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	-0.09	-0.30	1.40	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	-0.02	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	0.00	0.00	-40.60	0.00	0.00	34.10	44.94
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.00	0.00	0.23	0.24	7.24	10.65	18.40
Quick Ratio	0.00	0.00	0.00	0.00	0.05	6.77	9.88	18.15
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.00	0.00	0.00	-1.71	-6.42	-11	-21
Operating Cash Flow to CapEx	0.00%	0.00%	-228,806.38%	-151,859.98%	-122,107.19%	-722.26%	-118.77%	-127.21%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	-1.29	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	-88.96	0.00	0.00	0.00	-3.07	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-88.96	0.00	0.00	0.00	-3.08	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.00	0.04	0.26	0.05	0.03	0.03
Accounts Receivable Turnover	0.00	0.00	0.00	15.57	4.19	16.32	128.21	12.88
Inventory Turnover	0.00	0.00	0.00	2.48	2.33	2.33	4.44	3.48
Fixed Asset Turnover	0.00	0.00	0.00	0.12	32.92	1.86	0.31	0.30
Accounts Payable Turnover	0.00	0.00	0.00	1.56	0.99	1.19	0.40	0.54
Days Sales Outstanding (DSO)	0.00	0.00	0.00	23.44	87.16	22.36	2.85	28.33
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	146.89	156.72	156.90	82.13	104.81
Days Payable Outstanding (DPO)	0.00	0.00	0.00	233.38	367.05	306.93	904.88	672.16
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	-63.06	-123.17	-127.68	-819.90	-539.01
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	0.00	0.00	0.00	-2.74	-3.68	0.43	5.26	8.41
Invested Capital Turnover	0.00	0.00	0.00	-0.08	-0.60	7.01	0.64	0.64
Increase / (Decrease) in Invested Capital	0.00	0.00	0.00	0.00	-3.68	0.43	5.26	11
Enterprise Value (EV)	0.00	0.00	0.00	41	0.00	0.00	264	475
Market Capitalization	40	40	40	40	0.00	0.00	315	598
Book Value per Share	$0.00	$0.00	$0.00	($0.28)	($0.36)	$0.84	$1.42	$2.97
Tangible Book Value per Share	$0.00	$0.00	$0.00	($0.28)	($0.36)	$0.84	$1.42	$2.97
Total Capital	0.00	0.00	0.00	-2.73	-3.26	29	56	132
Total Debt	0.00	0.00	0.00	1.30	5.55	0.75	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.23	0.00	0.00	0.00	0.00
Net Debt	0.00	0.00	0.00	1.29	5.12	-28	-51	-123
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.79	4.60	4.92
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	0.00	0.00	-3.71	-4.64	-1.42	-1.18	-4.82
Debt-free Net Working Capital (DFNWC)	0.00	0.00	0.00	-3.71	-4.21	27	50	118
Net Working Capital (NWC)	0.00	0.00	0.00	-4.78	-9.76	27	50	118
Net Nonoperating Expense (NNE)	2.18	2.10	3.74	2.29	3.64	3.05	2.08	3.62
Net Nonoperating Obligations (NNO)	0.00	0.00	0.00	1.29	5.12	-28	-51	-123
Total Depreciation and Amortization (D&A)	0.47	0.93	0.82	1.46	1.23	0.47	0.01	0.27
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	-1,788.99%	-416.42%	-93.08%	-70.37%	-266.03%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	-1,785.73%	-378.04%	1,799.89%	2,961.33%	6,534.94%
Net Working Capital to Revenue	0.00%	0.00%	0.00%	-2,301.28%	-876.19%	1,750.56%	2,961.33%	6,534.94%
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.17	($0.37)	($0.27)	($0.20)	($0.23)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	14.20M	24.56M	33.80M	40.59M	36.66M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	($0.27)	($0.20)	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	14.20M	37.08M	33.80M	40.59M	36.66M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	24.83M	37.08M	39.60M	44.30M	56.92M
Normalized Net Operating Profit after Tax (NOPAT)	-2.96	-2.87	-3.90	-4.77	-5.40	-5.99	-5.91	-9.50
Normalized NOPAT Margin	-7,351.31%	-4,630.22%	-6,240.63%	-11,176.92%	-570.19%	-1,278.67%	-2,668.21%	-5,404.69%
Pre Tax Income Margin	-12,764.89%	-8,008.93%	-12,220.85%	-16,534.53%	-954.67%	-1,929.52%	-3,609.14%	-7,460.96%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-122.09	0.00	0.00	0.00	-5.81	0.00	0.00	0.00
NOPAT to Interest Expense	-70.89	0.00	0.00	0.00	-4.07	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-122.09	0.00	0.00	0.00	-5.82	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-70.89	0.00	0.00	0.00	-4.07	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	1.08%	0.00%	0.00%

Frequently Asked Questions About Serve Robotics' Financials

When does Serve Robotics's financial year end?

According to the most recent income statement we have on file, Serve Robotics' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Serve Robotics' net income changed over the last 2 years?

Serve Robotics' net income appears to be on an upward trend, with a most recent value of -$39.19 million in 2024, rising from -$21.86 million in 2022. The previous period was -$24.81 million in 2023. See where experts think Serve Robotics is headed by visiting Serve Robotics' forecast page.

What is Serve Robotics's operating income?

Serve Robotics's total operating income in 2024 was -$38.29 million, based on the following breakdown:

Total Gross Profit: -$75.16 thousand
Total Operating Expenses: $38.21 million

How has Serve Robotics revenue changed over the last 2 years?

Over the last 2 years, Serve Robotics' total revenue changed from $107.82 thousand in 2022 to $1.81 million in 2024, a change of 1,581.0%.

How much debt does Serve Robotics have?

Serve Robotics' total liabilities were at $7.92 million at the end of 2024, a 15.8% increase from 2023, and a 62.3% decrease since 2022.

How much cash does Serve Robotics have?

In the past 2 years, Serve Robotics' cash and equivalents has ranged from $6.76 thousand in 2023 to $123.27 million in 2024, and is currently $123.27 million as of their latest financial filing in 2024.

How has Serve Robotics' book value per share changed over the last 2 years?

Over the last 2 years, Serve Robotics' book value per share changed from -1.81 in 2022 to 2.97 in 2024, a change of -264.6%.

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This page (NASDAQ:SERV) was last updated on 5/6/2025 by MarketBeat.com Staff

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Serve Robotics (SERV) Financials

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Serve Robotics (SERV) Financials

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