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| Date | Value |
|---|---|
| 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 |