Serve Robotics Inc. has recently released its 10-Q report, providing a detailed look into the company's financial condition and operations. Serve Robotics Inc. designs, develops, and operates low-emission robots for food delivery activities in the United States. The company specializes in building self-driving delivery robots and was founded in 2017, with its headquarters in Redwood City, California.
In the 10-Q report, Serve Robotics Inc. disclosed its financial position as of September 30, 2025. The company reported total assets of $299,099, a substantial increase from $139,601 reported at the end of 2024. This growth is attributed to a significant rise in cash and cash equivalents, which amounted to $116,839, up from $123,266 at the end of 2024. Additionally, the company reported short-term marketable securities worth $93,608.
Serve Robotics Inc. also provided insights into its financial performance. The company reported revenues of $687 for the three months ended September 30, 2025, compared to $222 for the same period in 2024. For the nine months ended September 30, 2025, the company reported revenues of $1,769, marking an increase from $1,637 for the same period in 2024. However, the company also reported a net loss of $33,020 for the three months ended September 30, 2025, and a net loss of $67,088 for the nine months ended September 30, 2025.
Furthermore, Serve Robotics Inc. disclosed its changes in stockholders' equity, showing an increase in total stockholders' equity from $131,681 at the end of 2024 to $283,858 as of September 30, 2025. This increase is mainly attributed to the issuance of common stock and warrants, as well as stock-based compensation.
The company's cash flow from operating activities showed a net cash used of $50,601 for the nine months ended September 30, 2025. Serve Robotics Inc. also reported net cash provided by financing activities amounting to $166,262, reflecting the proceeds from the issuance of common stock and warrants.
Serve Robotics Inc. provided a comprehensive overview of its financial condition and operations in the 10-Q report, offering valuable insights into its performance and strategic initiatives. Following these announcements, the company's shares moved -10.03%, and are now trading at a price of $9.42. Check out the company's full 10-Q submission here.
