---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-043177"
form_type: "8-K"
ticker: "SERV"
cik: "0001832483"
company_name: "Serve Robotics Inc. /DE/"
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T23:30:27.120508+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Serve Robotics Q1 revenue $0.95M, signs Magna licensing deal, completes $40M offering

## Summary
- Revenue of $0.95M, including $0.85M software service revenue from Magna; 124% sequential growth in delivery and branding revenue.
- Magna International partnership: long-term licensing agreement and exclusive contract manufacturing of Serve robots.
- Post-quarter-end, uplisted to Nasdaq with $40M gross equity offering; Uber and Nvidia participated.
- Operational metrics: daily supply hours +97% YoY to 300; daily active robots +70% YoY to 39.
- Cash increased from $0.43M (Mar 31) to $34.2M (Apr 30); shares outstanding rose to 37.1M from 24.6M.

## SEC filing metadata
- accession: 0001213900-24-043177
- form_type: 8-K
- ticker: SERV
- cik: 0001832483
- company_name: Serve Robotics Inc. /DE/
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1832483/000121390024043177/0001213900-24-043177-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1832483/000121390024043177/ea0206093-8k_server.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-043177
- JSON: https://secwatch.observer/filing/0001213900-24-043177.json
- Plain text: https://secwatch.observer/filing/0001213900-24-043177.txt

## Key facts
- Earnings Releases
  Serve Robotics Inc. /DE/ reported the three months ended March 31, 2024 results: revenue $0.95 million.
  - Period: the three months ended March 31, 2024
  - Revenue: $0.95 million
  - Result: reported results
  source text: Serve Robotics Announces First Quarter 2024 Results and Provides Corporate Update ● Revenue of $0.95 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1832483/000121390024043177/0001213900-24-043177-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.