Serve Robotics Inc 2026年季度报告

FORM10-Q (Mark One)QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2026 Or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to __________ COMMISSION FILE NUMBER 001-42023 SERVE ROBOTICS INC.(Exact name of registrant as specified in its charter) Delaware85-3844872 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) YesNo As of May5, 2026, the registrant had 77,373,296 shares of its common stock, par value $0.0001 per share, outstanding. SERVE ROBOTICS INC.TABLE OF CONTENTS Page # PART I - FINANCIAL INFORMATIONItem 1.Financial Statements (Unaudited)Condensed Consolidated Balance Sheets2Condensed Consolidated Statements of Operations and Comprehensive Loss3Condensed Consolidated Statements of Changes in Stockholders’ Equity (Deficit)4Condensed Consolidated Statements of Cash Flows5Notes to Unaudited Condensed Consolidated Financial Statements6Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations37Item 3.Quantitative and Qualitative Disclosures About Market Risk44Item 4.Controls and Procedures44PART II - OTHER INFORMATIONItem 1.Legal Proceedings46Item 1A.Risk Factors46Item 2.Unregistered Sales of Equity Securities and Use of Proceeds46Item 3.Defaults Upon Senior Securities46Item 4.Mine Safety Disclosures46Item 5.Other Information46Item 6.Exhibits29Signatures48 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains “forward-looking statements” within the meaning of the Private Securities LitigationReform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the SecuritiesExchange Act of 1934, as amended (the “Exchange Act”). All statements other than statements of historical facts contained in thisQuarterly Report on Form 10-Q, including statements regarding our future results of operations or financial condition, businessstrategy and plans, and objectives of management for future operations, are forward-looking statements. In some cases, you canidentify forward-looking statements by terms such as “may,” “will,” “should,” “could,” “would,” “expect,” “intend,” “seek,” “plan,”“anticipate,” “believe,” “estimate,” “project,” “predict,” “potential,” “might,” “forecast,” “continue,” or the negative of those terms,and similar expressions and comparable terminology intended to reference future periods. Forward-looking statements include, but arenot limited to, statements about: •our status as an early-stage company with minimal revenue, a history of losses, and a limited operating history, which maymake it difficult to evaluate the future of our business and prospects;•our ability to execute our business strategy to expand our addressable market and effectively manage our growth;•our use of artificial intelligence (“AI”) and machine learning technologies, which introduces new risks and uncertaintiesrelated to accuracy, bias, intellectual property, and regulatory scrutiny;•a significant portion of our revenue being concentrated with a small number of customers;•our ability to commercialize our products at a large scale efficiently and effectively;•our substantial reliance on relationships with suppliers and service providers for the parts and components in our robots, aswell as for the manufacture of our robots;•our ability to attract and retain highly qualified personnel, including engineers, rob