Serve Robotics Inc.SERVEarnings & Financial Report
Ecovacs Robotics is a Chinese technology company. It is best known for developing in-home robotic appliances. The company was founded in 1998 by Qian Dongqi and is headquartered in Suzhou, China. According to Global Asia, Ecovacs Robotics had more than 60% of the Chinese market for robots by 2013. In 2023, Nikkei Asia had reported that the market capitalisation of Ecovacs Robotics has grown to near $6.38 billion, which is "roughly 5 times" that of the market capitalisation of rivalling US bas...
Revenue
$440.5K
Gross Profit
$-1.5M
Operating Profit
$-15.0M
Net Profit
$-13.2M
Gross Margin
-333.4%
Operating Margin
-3406.6%
Net Margin
-3000.5%
YoY Growth
-53.5%
EPS
$-0.23
Financial Flow
Serve Robotics Inc. Q1 2025 Financial Summary
Serve Robotics Inc. reported revenue of $440.5K (down 53.5% YoY) for Q1 2025, with a net profit of $-13.2M (down 46.2% YoY) (-3000.5% margin). Cost of goods sold was $1.9M, operating expenses totaled $13.5M.
Key Financial Metrics
| Total Revenue | $440.5K |
|---|---|
| Net Profit | $-13.2M |
| Gross Margin | -333.4% |
| Operating Margin | -3406.6% |
| Report Period | Q1 2025 |
Serve Robotics Inc. Annual Revenue by Year
Serve Robotics Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.7M).
| Year | Annual Revenue |
|---|---|
| 2025 | $2.7M |
| 2024 | $1.8M |
Serve Robotics Inc. Quarterly Revenue & Net Profit History
Serve Robotics Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $881.5K | +400.1% | $-34.3M | -3888.1% |
| Q3 2025 | $687.0K | +209.5% | $-33.0M | -4806.4% |
| Q2 2025 | $642.0K | +37.2% | $-20.9M | -3247.7% |
| Q1 2025 | $440.5K | -53.5% | $-13.2M | -3000.5% |
| Q4 2024 | $176.3K | — | $-13.1M | -7441.8% |
| Q3 2024 | $222.0K | +254.8% | $-8.0M | -3601.8% |
| Q2 2024 | $468.0K | +654.7% | $-9.0M | -1931.2% |
| Q1 2024 | $946.7K | +2252.0% | $-9.0M | -954.7% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $946711 | $468000 | $222000 | $176289 | $440465 | $642000 | $687000 | $881535 |
| YoY Growth | 2252.0% | 654.7% | 254.8% | N/A | -53.5% | 37.2% | 209.5% | 400.1% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $4.2M | $32.8M | $61.5M | $139.6M | $216.6M | $214.3M | $299.1M | $367.8M |
| Liabilities | $13.1M | $4.3M | $5.3M | $7.9M | $6.4M | $7.1M | $15.2M | $17.0M |
| Equity | $-8.8M | $28.5M | $56.2M | $131.7M | $210.2M | $207.2M | $283.9M | $350.7M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-4.1M | $-5.7M | $-5.5M | $-6.3M | $-9.5M | $-16.0M | $-25.2M | $-29.6M |