Serve Robotics Inc. /DE/
For the period ended Dec 31, 2025. Filed Mar 12, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 12, 2026
SERV$3.11-8.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Stockholders’ Equity (Deficit
| Common Stock · Additional Paid-in Capital · Subscription Receivable · Accumulated Other Comprehensive Income · Accumulated Deficit · Total Stockholders’ Equity (Deficit) | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount | |||||||||||||
| Balances at December 31, 2023 | 24,508,795 | $2 | $64,468 | $(170) | $— | $(68,334) | $(4,034) | ||||||
| Issuance of common stock pursuant to offering | 10,000,000 | 1 | 39,999 | — | — | — | 40,000 | ||||||
| Offering costs | — | — | (4,151) | — | — | — | (4,151) | ||||||
| Conversion of convertible note and derivative liability into common stock | 2,104,562 | — | 6,804 | — | — | — | 6,804 | ||||||
| Issuance of common stock under the Sales Agreement and Equity Distribution Agreement, net of offering costs | 5,698,992 | 1 | 77,595 | — | — | — | 77,596 | ||||||
| Restricted stock awards repurchased | (233,208) | — | — | — | — | — | — | ||||||
| Interest on recourse loan | — | — | — | 4 | — | — | 4 | ||||||
| Interest and forgiveness on recourse loans | — | — | — | 166 | — | — | 166 | ||||||
| Issuance of pre-funded warrants to purchase common stock in connection with private placement, net of issuance costs | 3,055,555 | — | 17,116 | — | — | — | 17,116 | ||||||
| Vested restricted stock units | 377,284 | — | — | — | — | — | — | ||||||
| Exercise of warrants | 5,264,799 | 1 | 22,448 | — | — | — | 22,449 | ||||||
| Exercise of options | 511,787 | — | 367 | — | — | — | 367 | ||||||
| Stock-based compensation | — | — | 14,555 | — | — | — | 14,555 | ||||||
| Net loss | — | — | — | — | — | (39,191) | (39,191) | ||||||
| Balances at December 31, 2024 | 51,288,566 | 5 | 239,201 | — | — | (107,525) | 131,681 | ||||||
| Issuance of common stock, net of offering costs | 10,460,525 | 1 | 170,772 | — | — | — | 170,773 | ||||||
| Issuance of common stock under the 2025 Equity Distribution Agreement, net of offering costs | 6,499,935 | 1 | 78,722 | — | — | — | 78,723 | ||||||
| Vayu Acquisition | 1,494,906 | — | 37,636 | — | — | — | 37,636 | ||||||
| Short-swing profit disgorgement | — | — | 48 | — | — | — | 48 | ||||||
| Vested restricted stock units | 2,437,895 | — | — | — | — | — | — | ||||||
| Exercise of warrants | 2,315,799 | — | 11,431 | — | — | — | 11,431 | ||||||
| Exercise of options | 237,323 | — | 423 | — | — | — | 423 | ||||||
| Stock-based compensation | — | — | 21,252 | — | — | — | 21,252 | ||||||
| Other comprehensive income (loss) | — | — | — | — | 138 | — | 138 | ||||||
| Net loss | — | — | — | — | — | (101,361) | (101,361) | ||||||
| Balances at December 31, 2025 | 74,734,949 | $7 | $559,485 | $— | $138 | $(208,886) | $350,744 | ||||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.