Serve Robotics Inc. /DE/
For the period ended Mar 31, 2026. Filed May 7, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 7, 2026
SERV$3.11-8.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(In thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net loss | $(49,004) | $(13,217) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation | 7,353 | 3,879 |
| Depreciation & amortization | 6,258 | 475 |
| Deferred income taxes | (648) | — |
| Accretion of discount on available-for-sale securities | (418) | — |
| Changes in operating assets and liabilities, net of effects of businesses acquired: | ||
| Accounts receivable, net | (2,225) | (295) |
| Prepaid expenses | (1,257) | 285 |
| Other receivables | (966) | (526) |
| Other current assets | (58) | — |
| Accounts payable | (1,103) | (267) |
| Accrued liabilities | 673 | 236 |
| Deferred revenue | 598 | (20) |
| Operating lease liabilities | (625) | (13) |
| Net cash used in operating activities | (41,422) | (9,463) |
| Cash flows from investing activities: | ||
| Proceeds from maturities and sales of marketable securities | 60,287 | — |
| Purchases of marketable securities | (57,011) | — |
| Acquisitions, net of cash acquired | (21,447) | — |
| Purchases of property and equipment | (1,444) | (3,461) |
| Security deposits | — | 356 |
| Capitalized implementation costs | — | (56) |
| Other investments activities | — | (139) |
| Net cash used in investing activities | (19,615) | (3,300) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of common stock under the 2025 Equity Distribution Agreement, net of offering costs | 1,506 | — |
| Proceeds from exercise of options | 406 | 138 |
| Proceeds from issuance of common, net of offering costs | — | 75,847 |
| Proceeds from exercise of warrants | — | 11,787 |
| Repayments of financing lease liability | — | (564) |
| Proceeds from short-swing profit disgorgement | — | 48 |
| Net cash provided by financing activities | 1,912 | 87,256 |
| Effect of exchange rate changes on cash and cash equivalents | — | — |
| Net change in cash and cash equivalents | (59,125) | 74,493 |
| Cash and cash equivalents at beginning of period | 106,239 | 123,266 |
| Cash and cash equivalents at end of period | $47,114 | $197,759 |
| Supplemental disclosure of cash flow information: | ||
|---|---|---|
| Cash paid for interest | $92 | $36 |
| Cash paid for income taxes | $— | $— |
| Supplemental disclosure of non-cash investing and financing activities: | ||
| Non-cash consideration for acquisitions | $6,984 | $— |
| Purchases of property and equipment, accrued but not paid | $1,188 | $912 |
| Operating lease right-of-use assets obtained for lease obligations | $57 | $325 |
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