Serve Robotics acquires Diligent Robotics; Diligent posts $22.7M net loss on $9M revenue in 2025

Serve Robotics Inc. /DE/

Diligent 2025 revenue $9.0M, net loss $22.7M, gross loss $1.4M; accumulated deficit $112.8M.
Diligent had $1.1M cash, $17.5M total liabilities, $110.2M stockholders' deficit at Dec 31, 2025.
Auditors raised substantial doubt about Diligent as going concern, alleviated by the Serve acquisition.
Acquisition closed Jan 27, 2026; financial statements and pro forma combined data filed as exhibits.
Diligent's flagship product Moxi automates hospital tasks; key customer concentration at 12% of revenue.

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