Filing Flows › Serve Robotics (SERV) › Q3 2025
Serve Robotics (SERV) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
Serve Robotics (SERV) reported revenue of $687K for the third quarter 2025 (Q3 2025), +209% from a year earlier and +7% from the quarter before.
Serve Robotics, Q3 2025: revenue $687K (+210% year over year), net loss $33.0M, operating cash flow −$25.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $687K | +7% | +209% |
| Operating profit | −$34.8M | — | — |
| Net earnings | −$33.0M | — | — |
| Operating cash flow | −$25.2M | — | — |
What changed
Revenue was $687K in Q3 2025, up 209% year over year and up 7% from the previous quarter. Software services was the largest line at 63% of revenue. Software services added $394K year over year (up 1010%), 85% of the total change.
Operating costs exceeded revenue by $34.8M, an operating margin of -5067.8%. Total costs grew 310% against revenue growth of 209%. The fastest-growing cost line was Cost of revenue (+1240%). The quarter ended with a net loss of $33.0M, wider than the previous quarter's $20.9M loss.
Operating cash flow was −$25.2M. Non-cash charges added back $2.1M of depreciation and amortization and $6.6M of share-based compensation. Capital expenditures of $11.3M exceeded it, leaving free cash flow of −$36.5M.
Questions
What was Serve Robotics' revenue in the third quarter 2025?
Serve Robotics (SERV) reported revenue of $687K for the third quarter 2025 (Q3 2025), +209% from a year earlier and +7% from the quarter before.
Source: Serve Robotics 10-Q on SEC EDGAR.