SERV · XBRL financial data
Serve Robotics financial statements, every fiscal year
The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (SERV's year ends in late December)
| In thousands of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | †Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue | — | — | 108 | 208 | — | — |
| Revenue from contracts with customers | — | — | — | 208 | 1,812 | 2,651 |
| Cost of revenue | — | — | 1,148 | 1,730 | — | — |
| Cost of goods and services sold | — | — | — | 1,730 | 1,888 | 18,033 |
| Gross profit | — | — | (1,041) | (1,523) | (75) | (15,382) |
| Research and development | — | — | 13,566 | 9,947 | 24,255 | 45,267 |
| General and administrative | — | 55 | 51 | 4,618 | 10,093 | 37,118 |
| Total operating expenses | — | — | 19,912 | 19,205 | 38,214 | 97,387 |
| Operating income (loss) | — | (55) | (51) | (20,728) | (38,289) | (112,769) |
| Interest income | — | — | — | — | 1,279 | 7,271 |
| Interest expense | — | — | 636 | 2,264 | 1,959 | 3 |
| Other income (expense) | — | — | — | — | 0 | 91 |
| Income tax expense (benefit) | — | — | — | 0 | 0 | (3,656) |
| Net income (loss) | — | (55) | (51) | (24,814) | (39,191) | (101,361) |
| Earnings per share, basic‡ USD per share | — | (0.01) | (0.01) | (1.75) | (1.07) | (1.63) |
| Earnings per share, diluted‡ USD per share | — | (0.01) | (0.01) | (1.75) | (1.07) | (1.63) |
| Weighted average shares, basic‡ thousands of shares | — | 6,223 | 6,223 | 14,204 | 36,659 | 62,284 |
| Weighted average shares, diluted‡ thousands of shares | — | 6,223 | 6,223 | 14,204 | 36,659 | 62,284 |
- ‡ Per-share figures and share counts are adjusted for the 1.2445550715619167-for-1 stock split (September 2023); filings made before it reported them unadjusted.
- † Share count changed about 4x in the period ending 2023-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Balance sheet
CSVFiscal years (SERV's year ends in late December)
| In thousands of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | †Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 9 | 0 | 2,716 | 7 | 123,266 | 106,239 |
| Marketable securities | — | — | — | — | 0 | 127,170 |
| Marketable securities, non-current | — | — | — | — | 0 | 26,344 |
| Accounts receivable | — | — | 24 | 3 | 87 | 851 |
| Inventory | — | — | 618 | 774 | 310 | 0 |
| Total current assets | 9 | 0 | 0 | 1,461 | 125,251 | 241,075 |
| Property and equipment, net | — | — | 3,376 | 48 | 11,963 | 47,013 |
| Right-of-use asset | — | — | 1,216 | 782 | 1,808 | 5,369 |
| Goodwill | — | — | — | — | 0 | 15,530 |
| Total assets | 9 | 0 | 0 | 2,805 | 139,601 | 367,751 |
| Accounts payable | 5 | 8 | 10 | 2,051 | 4,902 | 5,014 |
| Accrued liabilities | — | — | 37 | 256 | 654 | 6,482 |
| Total current liabilities | 27 | 72 | 124 | 6,237 | 6,807 | 13,298 |
| Lease liability, non-current | — | — | 708 | 211 | 1,113 | 3,454 |
| Total liabilities | 27 | 72 | 124 | 6,838 | 7,920 | 17,007 |
| Accumulated deficit | (18) | (73) | (124) | (68,334) | (107,525) | (208,886) |
| Total stockholders' equity | (18) | (72) | (124) | (4,033) | 131,681 | 350,744 |
| Total liabilities and equity | 9 | 0 | 0 | 2,805 | 139,601 | 367,751 |
| Common shares outstanding (cover page)‡ thousands of shares | 6,223 | 6,223 | 6,223 | 24,833 | 56,918 | 75,690 |
- ‡ Per-share figures and share counts are adjusted for the 1.2445550715619167-for-1 stock split (September 2023); filings made before it reported them unadjusted.
- † Share count changed about 4x in the period ending 2023-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Cash flows
CSVFiscal years (SERV's year ends in late December)
| In thousands of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | †Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | — | (55) | (51) | (24,814) | (39,191) | (101,361) |
| Stock-based compensation | — | — | 195 | 544 | 14,555 | 21,252 |
| Depreciation and amortization | — | — | — | — | 310 | 8,213 |
| Net cash from operating activities | — | (52) | (49) | (15,971) | (21,542) | (80,241) |
| Purchases of property and equipment | — | — | 3,645 | 5 | 10,252 | 37,334 |
| Net cash from investing activities | — | — | (4,061) | (5) | (10,318) | (197,999) |
| Proceeds from issuing common stock | — | — | — | 10,445 | 0 | 170,773 |
| Proceeds from issuing equity | — | — | 12,885 | 2,667 | — | — |
| Net cash from financing activities | — | 42 | 49 | 13,267 | 155,120 | 261,212 |
| Net change in cash | — | (9) | — | — | 123,260 | (17,028) |
- † Share count changed about 4x in the period ending 2023-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Compare with peers
SIC 3569 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 3569 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($K) | Revenue, quarter ($K) | Operating cash flow, quarter ($K) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Serve Robotics | 79,112 | 3,238 | (43,316)* | 86.7M | 5.4 quarters | 10-QJun 30, 2026 |
| Graham | 26,953 | 71,342 | (12,650) | 11.7M | 2.1 quarters | 10-QJun 30, 2026 |
| Gorman Rupp | 59,302 | 193,254 | 52,448* | 26.4M | — | 10-QSep 30, 2026 |
| Churchill Capital Corp XI | 1,253 | not reported | (158)* | not reported | 7.9 quarters | 10-QJun 30, 2026 |
| CECO Environmental | 61,066 | 0* | (19,326)* | 58.6M | 3.2 quarters | 10-QJun 30, 2026 |
| Symbotic | 1,746,446 | 720,838 | (147,297)* | 603.9M | 11.9 quarters | 10-QJun 27, 2026 |
| Ouster | 88,899 | 59,325 | (29,349)* | 73.0M | 20.9 quarters | 10-QSep 30, 2026 |
| Richtech Robotics | 301,962 | 1,373 | (1,541)* | not reported | 220.4 quarters | 10-QJun 30, 2026 |
| Twin Disc | 26,728 | 88,745 | 11,532 | 14.5M | — | 10-QSep 25, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.