Filing Flows › Serve Robotics (SERV) › Q1 2025
Serve Robotics (SERV) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Serve Robotics (SERV) reported revenue of $440K for the first quarter 2025 (Q1 2025), -54% from a year earlier and +150% from the quarter before.
Serve Robotics, Q1 2025: revenue $440K (-54% year over year), net loss $13.2M, operating cash flow −$9.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $440K | +150% | -54% |
| Operating profit | −$15.0M | — | — |
| Net earnings | −$13.2M | — | — |
| Operating cash flow | −$9.5M | — | — |
What changed
Revenue was $440K in Q1 2025, down 54% year over year and up 150% from the previous quarter. Software services was the largest line at 52% of revenue. Software services lost $622K year over year (down 73%), 123% of the total change.
Operating costs exceeded revenue by $15.0M, an operating margin of -3410.5%. The fastest-growing cost line was General & admin (+371%). The quarter ended with a net loss of $13.2M, wider than the previous quarter's $13.1M loss.
Operating cash flow was −$9.5M. Non-cash charges added back $475K of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items used $600K. Capital expenditures of $3.5M exceeded it, leaving free cash flow of −$12.9M.
Questions
What was Serve Robotics' revenue in the first quarter 2025?
Serve Robotics (SERV) reported revenue of $440K for the first quarter 2025 (Q1 2025), -54% from a year earlier and +150% from the quarter before.
Source: Serve Robotics 10-Q on SEC EDGAR.