Filing Flows › Serve Robotics (SERV) › Q1 2026
Serve Robotics (SERV) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Serve Robotics (SERV) reported revenue of $3.0M for the first quarter 2026 (Q1 2026), +578% from a year earlier and +238% from the quarter before.
Serve Robotics, Q1 2026: revenue $3.0M (+578% year over year), net loss $49.0M, operating cash flow −$41.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.0M | +238% | +578% |
| Operating profit | −$51.8M | — | — |
| Net earnings | −$49.0M | — | — |
| Operating cash flow | −$41.4M | — | — |
What changed
Revenue was $3.0M in Q1 2026, up 578% year over year and up 238% from the previous quarter. Fleet services was the largest line at 66% of revenue. Fleet services added $1.7M year over year (up 828%), 69% of the total change.
Operating costs exceeded revenue by $51.8M, an operating margin of -1735.3%. Total costs grew 255% against revenue growth of 578%. The fastest-growing cost line was Sales & marketing (+684%). The quarter ended with a net loss of $49.0M, wider than the previous quarter's $34.3M loss.
Operating cash flow was −$41.4M. Non-cash charges added back $6.3M of depreciation and amortization and $7.4M of share-based compensation. Working capital and other items used $6.0M. Capital expenditures of $1.4M exceeded it, leaving free cash flow of −$42.9M.
Questions
What was Serve Robotics' revenue in the first quarter 2026?
Serve Robotics (SERV) reported revenue of $3.0M for the first quarter 2026 (Q1 2026), +578% from a year earlier and +238% from the quarter before.
Source: Serve Robotics 10-Q on SEC EDGAR.