How does Serve Robotics (SERV) make money?

Serve Robotics (SERV) generates revenue primarily from Fleet Services, which accounted for 64.8% of total revenue in TTM through Q1 2026. The company reported $5.19M in revenue and converted -2640.2% of it into net profit, equivalent to roughly −$137.15M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Serve Robotics (SERV)?

Serve Robotics (SERV) reported a gross profit margin of -441.1% in TTM through Q1 2026, equivalent to −$22.91M in gross profit on $5.19M in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Serve Robotics (SERV)?

Serve Robotics (SERV) reported an operating profit margin of -2878.9% in TTM through Q1 2026, equivalent to −$149.55M in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Serve Robotics (SERV)?

Serve Robotics (SERV) reported a net profit margin of -2640.2% in TTM through Q1 2026, equivalent to −$137.15M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Serve Robotics (SERV) profitable?

Serve Robotics (SERV) reported a net loss of $137.15M for TTM through Q1 2026, a net profit margin of -2640.2%. Combined operating expenses, interest, and income taxes exceeded revenue, so the period closed in the red on a reported basis.

How much does Serve Robotics (SERV) invest in research and development?

Serve Robotics (SERV) invested $57.42M in research and development during TTM through Q1 2026, roughly 1105.5% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does Serve Robotics (SERV) spend on capital expenditures?

Serve Robotics (SERV) spent $35.72M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 687.7% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Serve Robotics (SERV) generate?

Serve Robotics (SERV) generated −$147.92M in free cash flow during TTM through Q1 2026, a free-cash-flow margin of -2847.6%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What are the main business segments of Serve Robotics (SERV)?

Serve Robotics (SERV) reports revenue across 2 reportable product segments, led by Fleet Services at 64.8% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Serve Robotics Makes Money: 2026 Visual Revenue Map

Serve Robotics (SERV) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 7, 2026).

Serve Robotics discloses geographic revenue only in annual filings. to view the full breakdown.

Serve Robotics (SERV) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Serve Robotics (SERV) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Fleet Services	$3.37M	64.8%
Software Services	$1.83M	35.2%
Total	$5.19M	100%

Fleet Services$3.37M
Software Services$1.83M
Total$5.19M

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Serve Robotics (SERV) reports revenue across 2 operating segments; the largest segment was Fleet Services at 64.8%, followed by Software Services (35.2%).

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