secwatch.observer — SEC 8-K summary
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Issuer:     Serve Robotics Inc. /DE/ (SERV)
CIK:        0001832483
Form:       8-K
Filed at:   2025-03-06T23:59:59+00:00
Accession:  0001832483-25-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Serve Robotics reports 2024 revenue of $1.8M (+773% YoY) with $123M cash, no debt
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- Full-year 2024 revenue $1.8M, up 773% YoY; Q4 revenue $176,000.
- Cash at year-end $123M; no debt; additional $80M raised in Jan 2025, total $259M since Jan 2024.
- Daily supply hours grew 94% YoY to 455 in Q4; daily active robots up 81% YoY.
- Third-gen robot designed with 2x speed, 2x range, 5x AI power at 65% lower cost vs prior gen; 75 units delivered Dec 2024.
- Expanded to 1,000+ restaurants and 300,000+ households; launched in Miami; on track for Dallas/Atlanta by Q2 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1832483/000183248325000009/0001832483-25-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1832483/000183248325000009/serv-20250306.htm
  HTML page:      https://secwatch.observer/filing/0001832483-25-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer