Serve Robotics (SERV) Operating Expenses (2021 - 2026)

Serve Robotics (SERV) reported Operating Expenses of $42.8 million for Q1 2026, up 216.03% on a YoY basis from $13.5 million in Q1 2025, and up 27.22% quarter-over-quarter from $33.6 million in Q4 2025.

Serve Robotics (SERV) Operating Expenses (2021 - 2026) Analysis & Trends

Serve Robotics has reported Operating Expenses for 6 years, with the latest figure at $42.8 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 216.03% year-over-year to $42.8 million; the trailing twelve-month figure through Mar 2026 stood at $126.6 million (up 191.47% YoY), and the FY2025 full-year result was $97.4 million, up 154.85% from the prior year.
  • Operating Expenses for Q1 2026 stood at $42.8 million, up from $33.6 million in the prior quarter.
  • The five-year high for Operating Expenses was $42.8 million in Q1 2026, with the low at $7888.0 in Q1 2022.
  • Historically, Operating Expenses has averaged $12.3 million across 5 years, with a median of $8.3 million in 2024.
  • The largest YoY upside for Operating Expenses was 63866.76% in 2022 against a maximum downside of 51.36% in 2022.
  • Serve Robotics' Operating Expenses stood at $6.0 million in 2022, then gained by 7.44% to $6.5 million in 2023, then soared by 99.87% to $12.9 million in 2024, then surged by 160.25% to $33.6 million in 2025, then rose by 27.22% to $42.8 million in 2026.
  • The last three Operating Expenses figures came in at $42.8 million (Q1 2026), $33.6 million (Q4 2025), and $30.4 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 GE Vernova 251.14 Bn 242.11 Bn 1.78 Bn 1.60 Bn
2 Eaton 153.70 Bn 153.00 Bn 2.65 Bn 1.48 Bn
3 Parker-Hannifin 111.44 Bn 110.97 Bn 2.02 Bn 884.00 Mn
4 Cummins 90.06 Bn 87.33 Bn 2.24 Bn 1.20 Bn
5 Emerson Electric 77.51 Bn 75.74 Bn 2.42 Bn 1.32 Bn
6 Illinois Tool Works 72.86 Bn 72.03 Bn 1.76 Bn -
7 Ametek 51.86 Bn 51.38 Bn 717.56 Mn 1.41 Bn
8 Rockwell Automation 50.08 Bn 49.71 Bn 1.13 Bn 658.00 Mn
9 Dover 28.99 Bn 27.35 Bn 798.14 Mn 492.23 Mn
10 Serve Robotics 583.60 Mn 583.60 Mn -9.00 Mn 42.78 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 42.78 Mn
Dec 31, 2025 33.63 Mn
Sep 30, 2025 30.44 Mn
Jun 30, 2025 19.79 Mn
Mar 31, 2025 13.54 Mn
Dec 31, 2024 12.92 Mn
Sep 30, 2024 8.29 Mn
Jun 30, 2024 8.70 Mn
Mar 31, 2024 8.31 Mn
Dec 31, 2023 6.46 Mn
Sep 30, 2023 5.07 Mn
Jun 30, 2023 3.77 Mn
Mar 31, 2023 3.90 Mn
Dec 31, 2022 6.02 Mn
Sep 30, 2022 5.02 Mn
Jun 30, 2022 19,190.00
Mar 31, 2022 7,888.00
Dec 31, 2021 9,406.00
Sep 30, 2021 14,720.00
Jun 30, 2021 14,284.00