Filing Flows › Serve Robotics (SERV) › Q2 2025
Serve Robotics (SERV) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Serve Robotics (SERV) reported revenue of $642K for the second quarter 2025 (Q2 2025), +37% from a year earlier and +46% from the quarter before.
Serve Robotics, Q2 2025: revenue $642K (+37% year over year), net loss $20.9M, operating cash flow −$16.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $642K | +46% | +37% |
| Operating profit | −$22.6M | — | — |
| Net earnings | −$20.9M | — | — |
| Operating cash flow | −$16.0M | — | — |
What changed
Revenue was $642K in Q2 2025, up 37% year over year and up 46% from the previous quarter. Fleet services was the largest line at 51% of revenue. Fleet services added $158K year over year (up 92%), 91% of the total change.
Operating costs exceeded revenue by $22.6M, an operating margin of -3527.1%. The fastest-growing cost line was General & admin (+331%). The quarter ended with a net loss of $20.9M, wider than the previous quarter's $13.2M loss.
Operating cash flow was −$16.0M. Non-cash charges added back $817K of depreciation and amortization and $4.4M of share-based compensation. Capital expenditures of $6.0M exceeded it, leaving free cash flow of −$22.0M.
Questions
What was Serve Robotics' revenue in the second quarter 2025?
Serve Robotics (SERV) reported revenue of $642K for the second quarter 2025 (Q2 2025), +37% from a year earlier and +46% from the quarter before.
Source: Serve Robotics 10-Q on SEC EDGAR.