Serve Robotics (SERV) Research & Development (2022 - 2026)

Serve Robotics (SERV) reported Research & Development of $19.0 million for Q1 2026, up 176.7% on a YoY basis from $6.9 million in Q1 2025, and up 20.08% quarter-over-quarter from $15.9 million in Q4 2025.

Serve Robotics (SERV) Research & Development (2022 - 2026) Analysis & Trends

Serve Robotics has reported Research & Development for 5 years, with the latest figure at $19.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Research & Development rose 176.7% year-over-year to $19.0 million; the trailing twelve-month figure through Mar 2026 stood at $57.4 million (up 134.41% YoY), and the FY2025 full-year result was $45.3 million, up 86.63% from the prior year.
  • Research & Development for Q1 2026 stood at $19.0 million, up from $15.9 million in the prior quarter.
  • The five-year high for Research & Development was $19.0 million in Q1 2026, with the low at $2.1 million in Q1 2023.
  • Historically, Research & Development has averaged $7.1 million across 5 years, with a median of $5.8 million in 2024.
  • Annual changes were most pronounced in 2023 — Research & Development plunged 35.3% — and 2024, when it soared 218.7%.
  • Serve Robotics' Research & Development stood at $4.3 million in 2022, then slumped by 35.3% to $2.8 million in 2023, then surged by 145.73% to $6.8 million in 2024, then surged by 132.41% to $15.9 million in 2025, then advanced by 20.08% to $19.0 million in 2026.
  • The last three Research & Development figures came in at $19.0 million (Q1 2026), $15.9 million (Q4 2025), and $13.4 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 GE Vernova 251.14 Bn 242.11 Bn 1.78 Bn 304.00 Mn
2 Eaton 153.70 Bn 153.00 Bn 2.65 Bn 211.00 Mn
3 Parker-Hannifin 111.44 Bn 110.97 Bn 2.02 Bn -
4 Cummins 90.06 Bn 87.33 Bn 2.24 Bn 358.00 Mn
5 Emerson Electric 77.51 Bn 75.74 Bn 2.42 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 -
8 Rockwell Automation 50.08 Bn 49.71 Bn 1.13 Bn 180.00 Mn
9 Dover 28.99 Bn 27.35 Bn 798.14 Mn -
10 Serve Robotics 583.60 Mn 583.60 Mn -9.00 Mn 19.04 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 19.04 Mn
Dec 31, 2025 15.85 Mn
Sep 30, 2025 13.41 Mn
Jun 30, 2025 9.12 Mn
Mar 31, 2025 6.88 Mn
Dec 31, 2024 6.82 Mn
Sep 30, 2024 5.01 Mn
Jun 30, 2024 5.79 Mn
Mar 31, 2024 6.64 Mn
Dec 31, 2023 2.78 Mn
Sep 30, 2023 2.96 Mn
Jun 30, 2023 2.13 Mn
Mar 31, 2023 2.08 Mn
Dec 31, 2022 4.29 Mn
Sep 30, 2022 3.26 Mn