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Side-by-side financial comparison of Serve Robotics Inc. (SERV) and TherapeuticsMD, Inc. (TXMD). Click either name above to swap in a different company.

TherapeuticsMD, Inc. is the larger business by last-quarter revenue ($893.0K vs $881.5K, roughly 1.0× Serve Robotics Inc.). On growth, Serve Robotics Inc. posted the faster year-over-year revenue change (400.1% vs 33.9%). Over the past eight quarters, TherapeuticsMD, Inc.'s revenue compounded faster (68.9% CAGR vs -3.5%).

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...

Nektar Therapeutics is an American biopharmaceutical company. The company was founded in 1990 and is based in San Francisco, California. The company develops new drug candidates by applying its proprietary PEGylation and advanced polymer conjugate technologies to modify chemical structure of substances, which improves drug characteristics like retention and solubility. It is a technology supplier to a number of pharmaceutical companies including Affymax, Amgen, Merck, Pfizer and UCB Pharma, e...

SERV vs TXMD — Head-to-Head

Bigger by revenue
TXMD
TXMD
1.0× larger
TXMD
$893.0K
$881.5K
SERV
Growing faster (revenue YoY)
SERV
SERV
+366.2% gap
SERV
400.1%
33.9%
TXMD
Faster 2-yr revenue CAGR
TXMD
TXMD
Annualised
TXMD
68.9%
-3.5%
SERV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SERV
SERV
TXMD
TXMD
Revenue
$881.5K
$893.0K
Net Profit
$-34.3M
Gross Margin
-757.3%
Operating Margin
-4572.1%
Net Margin
-3888.1%
Revenue YoY
400.1%
33.9%
Net Profit YoY
-161.3%
-345.6%
EPS (diluted)
$-0.50

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
SERV
SERV
TXMD
TXMD
Q4 25
$881.5K
$893.0K
Q3 25
$687.0K
$784.0K
Q2 25
$642.0K
$952.0K
Q1 25
$440.5K
$393.0K
Q4 24
$176.3K
$667.0K
Q3 24
$222.0K
$547.0K
Q2 24
$468.0K
$234.0K
Q1 24
$946.7K
$313.0K
Net Profit
SERV
SERV
TXMD
TXMD
Q4 25
$-34.3M
Q3 25
$-33.0M
$152.0K
Q2 25
$-20.9M
$551.0K
Q1 25
$-13.2M
$-653.0K
Q4 24
$-13.1M
Q3 24
$-8.0M
$-609.0K
Q2 24
$-9.0M
$-1.1M
Q1 24
$-9.0M
$-734.0K
Gross Margin
SERV
SERV
TXMD
TXMD
Q4 25
-757.3%
Q3 25
-637.4%
Q2 25
-445.3%
Q1 25
-333.4%
Q4 24
-371.7%
Q3 24
-70.3%
Q2 24
30.3%
Q1 24
62.8%
Operating Margin
SERV
SERV
TXMD
TXMD
Q4 25
-4572.1%
Q3 25
-5067.8%
-109.9%
Q2 25
-3527.1%
-73.0%
Q1 25
-3406.6%
-221.6%
Q4 24
-7701.3%
Q3 24
-3804.1%
-207.3%
Q2 24
-1828.2%
-1191.9%
Q1 24
-814.6%
-364.9%
Net Margin
SERV
SERV
TXMD
TXMD
Q4 25
-3888.1%
Q3 25
-4806.4%
19.4%
Q2 25
-3247.7%
57.9%
Q1 25
-3000.5%
-166.2%
Q4 24
-7441.8%
Q3 24
-3601.8%
-111.3%
Q2 24
-1931.2%
-465.8%
Q1 24
-954.7%
-234.5%
EPS (diluted)
SERV
SERV
TXMD
TXMD
Q4 25
$-0.50
Q3 25
$-0.54
$0.01
Q2 25
$-0.36
$0.05
Q1 25
$-0.23
$-0.06
Q4 24
$-0.23
Q3 24
$-0.20
$-0.05
Q2 24
$-0.27
$-0.09
Q1 24
$-0.37
$-0.06

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
SERV
SERV
TXMD
TXMD
Cash + ST InvestmentsLiquidity on hand
$106.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$350.7M
$26.9M
Total Assets
$367.8M
$37.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SERV
SERV
TXMD
TXMD
Q4 25
$106.2M
Q3 25
$116.8M
Q2 25
$116.7M
Q1 25
$197.8M
$5.7M
Q4 24
$123.3M
$5.1M
Q3 24
$50.9M
Q2 24
$28.8M
Q1 24
Stockholders' Equity
SERV
SERV
TXMD
TXMD
Q4 25
$350.7M
$26.9M
Q3 25
$283.9M
$27.4M
Q2 25
$207.2M
$27.3M
Q1 25
$210.2M
$26.7M
Q4 24
$131.7M
$27.4M
Q3 24
$56.2M
$27.1M
Q2 24
$28.5M
$27.7M
Q1 24
$-8.8M
$28.7M
Total Assets
SERV
SERV
TXMD
TXMD
Q4 25
$367.8M
$37.7M
Q3 25
$299.1M
$38.7M
Q2 25
$214.3M
$38.5M
Q1 25
$216.6M
$38.2M
Q4 24
$139.6M
$38.8M
Q3 24
$61.5M
Q2 24
$32.8M
$40.1M
Q1 24
$4.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
SERV
SERV
TXMD
TXMD
Operating Cash FlowLast quarter
$-29.6M
$2.5M
Free Cash FlowOCF − Capex
$-46.1M
FCF MarginFCF / Revenue
-5234.4%
Capex IntensityCapex / Revenue
1872.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-117.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SERV
SERV
TXMD
TXMD
Q4 25
$-29.6M
$2.5M
Q3 25
$-25.2M
$999.0K
Q2 25
$-16.0M
$381.0K
Q1 25
$-9.5M
$699.0K
Q4 24
$-6.3M
$1.2M
Q3 24
$-5.5M
$-71.0K
Q2 24
$-5.7M
$1.5M
Q1 24
$-4.1M
$-229.0K
Free Cash Flow
SERV
SERV
TXMD
TXMD
Q4 25
$-46.1M
Q3 25
$-36.5M
Q2 25
$-22.0M
Q1 25
$-12.9M
Q4 24
$-11.1M
Q3 24
$-10.1M
Q2 24
$-6.5M
Q1 24
$-4.1M
FCF Margin
SERV
SERV
TXMD
TXMD
Q4 25
-5234.4%
Q3 25
-5314.1%
Q2 25
-3426.8%
Q1 25
-2934.1%
Q4 24
-6307.8%
Q3 24
-4529.7%
Q2 24
-1396.6%
Q1 24
-431.1%
Capex Intensity
SERV
SERV
TXMD
TXMD
Q4 25
1872.1%
Q3 25
1649.6%
Q2 25
940.4%
Q1 25
785.7%
Q4 24
2755.1%
Q3 24
2070.7%
Q2 24
169.8%
Q1 24
0.4%
Cash Conversion
SERV
SERV
TXMD
TXMD
Q4 25
Q3 25
6.57×
Q2 25
0.69×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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