Filing Flows › Serve Robotics (SERV) › Q4 2025
Serve Robotics (SERV) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 12, 2026
Serve Robotics (SERV) reported revenue of $882K for the fourth quarter 2025 (Q4 2025), +401% from a year earlier and +28% from the quarter before.
Serve Robotics, Q4 2025: revenue $882K (+401% year over year), net loss $34.3M, operating cash flow −$29.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $882K | +28% | +401% |
| Operating profit | −$40.3M | — | — |
| Net earnings | −$34.3M | — | — |
| Operating cash flow | −$29.6M | — | — |
What changed
Revenue was $882K in Q4 2025, up 401% year over year and up 28% from the previous quarter.
Operating costs exceeded revenue by $40.3M, an operating margin of -4569.4%. Total costs grew 199% against revenue growth of 401%. The fastest-growing cost line was Cost of revenue (+808%). The quarter ended with a net loss of $34.3M, wider than the previous quarter's $33.0M loss.
Operating cash flow was −$29.6M. Non-cash charges added back $4.8M of depreciation and amortization and $6.3M of share-based compensation. Working capital and other items used $6.5M. Capital expenditures of $16.5M exceeded it, leaving free cash flow of −$46.1M.
Questions
What was Serve Robotics' revenue in the fourth quarter 2025?
Serve Robotics (SERV) reported revenue of $882K for the fourth quarter 2025 (Q4 2025), +401% from a year earlier and +28% from the quarter before.
Source: Serve Robotics 10-K on SEC EDGAR.