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Serve Robotics SERV Operating Income

Discontinued — last reported Q2 '26

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Other financials

Income statement

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Revenue$3.2M+404%
Gross profit-$8.8M-207%
Net income-$64.1M-208%
EPS (diluted)-$0.80-122%

Balance sheet

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Cash & equivalents$79.1M-32.2%
Total debt$9.7M+277%
Total equity$351.8M+69.8%
Total assets$378.6M+76.7%

Cash flow

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Operating cash flow-$43.3M-171%
CapEx$973.0K-83.9%
Free cash flow-$44.3M-101%

Valuation

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Market cap$432.68M-30.7%
Enterprise value$363.27M-28.8%
P/S55.5×-366×

Profitability

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Gross margin-370.1%+26.0pp
Operating margin-2,476.8%-689pp
Net margin-2,315.8%-636pp
FCF margin-2,179.5%-650pp

Returns & leverage

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Return on equity-64.6%+39.3pp
Debt / equity0.0×
Current ratio12.8×-20.0×

Where this comes from

Reported directly by Serve Robotics in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Serve Robotics’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:46 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001832483-26-000035
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Operations7,8622,12414,8173,793
Sales and marketing4,3014636,174702
Total operating expenses57,28619,785100,06733,323
Loss from operations(66,065)(22,644)(117,847)(37,651)
Other income (expense):
Interest income1,9271,7944,0333,586
Interest expense(3)
Realized loss on foreign currency translation(4)(14)

Item 1. Financial Statements (Unaudited)

FAQ

What is Serve Robotics's operating income?
Serve Robotics (SERV) reported operating income of -$66.07M in Q2 2026.
How has Serve Robotics's operating income changed year-over-year?
Serve Robotics's operating income decreased by 191.8% year-over-year, from -$22.64M to -$66.07M.
What is the long-term trend for Serve Robotics's operating income?
Over 4 years (2021 to 2025), Serve Robotics's operating income has grown at a 574.1% compound annual growth rate (CAGR), from -$54.63K to -$112.77M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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