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Serve Robotics SERV Change in fair value of derivative liability

Change in fair value of derivative liability at other companies

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Other financials

Income statement

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Revenue$3.0M+578%
Gross profit-$9.0M-513%
Operating income-$51.8M-245%
Net income-$49.0M-271%
EPS (diluted)-$0.65-183%

Balance sheet

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Cash & equivalents$47.1M-76.2%
Total debt$4.8M+155%
Total equity$317.8M+51.2%
Total assets$340.8M+57.3%

Cash flow

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Operating cash flow-$41.4M-338%
CapEx$1.4M-58.3%
Free cash flow-$42.9M-232%

Valuation

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Market cap$502.03M-15.7%
Enterprise value$459.74M+15.1%
P/S96.6×-359×

Profitability

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Gross margin-441.1%-1,077pp
Operating margin-2,878.6%-429pp
Net margin-2,640%-449pp
FCF margin-2,839.6%-228pp

Returns & leverage

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Return on equity-52%
Debt / equity0.0×
Current ratio10.2×-27.8×

Where this comes from

Reported directly by Serve Robotics in its filing.

Tagged under the XBRL concept patr:FairValueAdjustmentOfDerivativeLiability.

The official record: Serve Robotics’s 10-K, filed March 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Serve Robotics's change in fair value of derivative liability?
Serve Robotics (SERV) reported change in fair value of derivative liability of $0 in Q4 2025.
How has Serve Robotics's change in fair value of derivative liability changed year-over-year?
Serve Robotics's change in fair value of derivative liability decreased by 100.0% year-over-year, from $55.5K to $0.
What does change in fair value of derivative liability mean?
This reflects the non-cash gain or loss resulting from changes in the fair market value of derivative financial instruments held by the company. Because these adjustments are driven by market volatility rather than core operational performance, they are added back or subtracted from net income to determine cash flow. It highlights the impact of financial risk management activities on the company's reported earnings.