Serve Robotics Inc (SERV) AI Stock Analysis

• Market Cap: $764.20M
• Dividend Yield: N/A
• Average Volume (3M): 6.70M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.83
• Revenue Growth: 15.84%
• EPS Growth: -71.99%
• Country: US
• Employees: 120
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): -0.40
• Shares Outstanding: 74,483,480
• 10 Day Avg. Volume: 8,733,849
• 30 Day Avg. Volume: 6,701,348
• PEG Ratio: -0.21
• Price to Book (P/B): 3.76
• Price to Sales (P/S): 273.05
• P/FCF Ratio: -15.57
• Enterprise Value/Market Cap: 0.66
• Enterprise Value/Revenue: 260.75
• Enterprise Value/Gross Profit: -54.16
• Enterprise Value/Ebitda: -6.59
• 1Y Price Target: $20.00
• Price Target Upside: 94.93% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): -1.31
• Revenue Forecast (FY): $2.56M

• Rating: 60 Neutral
• Price Target: $14.00 ▲(36.45% Upside)

Serve Robotics Inc's overall score is driven by strong operational achievements and market momentum, despite ongoing profitability challenges. The earnings call provided positive guidance, but the negative P/E ratio and lack of dividend yield suggest caution.

Positive Factors

Revenue Growth

Strong revenue growth indicates successful market expansion and increased demand for Serve Robotics' services, supporting long-term business sustainability.

Strategic Partnerships

The partnership with DoorDash enhances Serve Robotics' market penetration and competitive positioning, providing a robust platform for future growth.

Fleet Expansion

The rapid expansion of the robot fleet demonstrates Serve Robotics' operational scalability and commitment to meeting growing delivery demands.

Negative Factors

Profitability Challenges

Persistent negative margins highlight ongoing profitability challenges, which could hinder long-term financial health and require strategic cost management.

High Operating Expenses

Rising operating expenses may pressure Serve Robotics' financial resources, necessitating improved efficiency to sustain growth and profitability.

Negative EBITDA

Negative EBITDA reflects ongoing operational inefficiencies, which could impact Serve Robotics' ability to generate positive cash flow and invest in growth.

Serve Robotics Inc Business Overview & Revenue Model

Company Description

Serve Robotics Inc (SERV) is a technology company specializing in autonomous delivery robots, primarily serving the food and beverage sector. The company focuses on creating last-mile delivery solutions that leverage robotics and artificial intelligence to enhance efficiency and convenience. With a commitment to sustainability and innovation, Serve Robotics aims to revolutionize urban logistics through its fleet of self-driving delivery robots that navigate sidewalks and public spaces.

How the Company Makes Money

Serve Robotics generates revenue through multiple streams, primarily by partnering with restaurants, grocery stores, and delivery platforms to provide autonomous delivery services. The company typically charges a fee per delivery, which can be structured as a flat rate or a percentage of the order value. Additionally, Serve Robotics may earn income from licensing its technology and software to other companies looking to implement similar delivery solutions. Strategic partnerships with major brands and integration with existing delivery networks further enhance their revenue potential, while ongoing maintenance and support services for their robotic systems contribute to long-term earnings.

Serve Robotics Inc Financial Statement Overview

Summary

Serve Robotics Inc is experiencing strong revenue growth, but profitability and cash flow management remain significant challenges. The company has low leverage, which is a positive aspect, but needs to address its negative margins and improve operational efficiency to enhance financial stability.

Income Statement

Serve Robotics Inc has shown a significant revenue growth rate of 31.42% TTM, indicating potential market expansion. However, the company is struggling with negative margins across the board, including a net profit margin of -37.29% and an EBIT margin of -37.75%, reflecting ongoing profitability challenges.

Balance Sheet

The company maintains a low debt-to-equity ratio of 0.012, suggesting minimal leverage risk. However, the negative return on equity of -36.47% TTM highlights inefficiencies in generating returns on shareholder investments, and the equity ratio is not favorable.

Cash Flow

Despite a positive free cash flow growth rate of 47.15% TTM, Serve Robotics Inc faces challenges with negative operating cash flow and a high free cash flow to net income ratio of 1.51, indicating cash flow management issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.94M	1.81M	207.54K	107.82K	0.00
Gross Profit	-9.36M	-75.16K	-1.52M	-1.04M	0.00
EBITDA	-76.99M	-37.98M	-17.39M	-20.83M	-21.62M
Net Income	-80.21M	-39.19M	-24.81M	-21.86M	-21.67M
Balance Sheet
Total Assets	299.51M	139.60M	2.80M	8.54M	8.66M
Cash, Cash Equivalents and Short-Term Investments	210.45M	123.27M	6.76K	2.72M	7.97M
Total Debt	4.15M	2.34M	4.37M	7.48M	0.00
Total Liabilities	15.24M	7.92M	6.84M	21.00M	336.31K
Stockholders Equity	284.27M	131.68M	-4.03M	-12.45M	8.32M
Cash Flow
Free Cash Flow	-82.96M	-31.79M	-15.98M	-25.05M	-10.87M
Operating Cash Flow	-56.86M	-21.54M	-15.97M	-21.40M	-10.71M
Investing Cash Flow	-127.07M	-10.32M	-4.91K	-4.06M	-258.73K
Financing Cash Flow	249.80M	155.12M	13.27M	20.21M	18.93M

Serve Robotics Inc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 10.26
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SERV, the sentiment is Negative. The current price of 10.26 is below the 20-day moving average (MA) of 11.08, below the 50-day MA of 11.95, and below the 200-day MA of 10.32, indicating a bearish trend. The MACD of -0.18 indicates Positive momentum. The RSI at 43.86 is Neutral, neither overbought nor oversold. The STOCH value of 9.79 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SERV.

Serve Robotics Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SYM	70 Outperform	$35.39B	-378.69	-8.09%	―	24.80%	-31.37%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
GTEC	63 Neutral	$17.92M	1.05	21.29%	―	-1.36%	―
SERV	60 Neutral	$764.20M	-6.87	-47.18%	―	15.84%	-71.99%
AUR	55 Neutral	$8.05B	-9.24	-37.27%	―	―	5.46%
CVV	47 Neutral	$20.67M	-109.96	-0.73%	―	19.84%	95.71%

Serve Robotics Inc Corporate Events

Serve Robotics Reports Strong Q3 Results and Expansion

On November 12, 2025, Serve Robotics Inc. announced its third-quarter financial results, highlighting a 66% increase in delivery volume and a 209% rise in revenue compared to the same period in 2024. The company also expanded its market presence by launching in Chicago and forming a strategic partnership with DoorDash. Serve ended the quarter with a strong liquidity position and raised $100 million through a direct share offering, positioning itself for significant growth, including a projected 10x revenue increase in 2026.

Serve Robotics Inc Announces $100M Stock Offering

On October 10, 2025, Serve Robotics Inc. announced a securities purchase agreement with institutional investors to sell 6,250,000 shares of common stock through a registered direct offering, expected to generate approximately $100 million in gross proceeds. The offering, set to close on October 14, 2025, aims to fund general corporate purposes, including working capital and capital expenditures, and involves Northland Securities as the exclusive placement agent.

Serve Robotics Partners with DoorDash for Robot Deliveries

On October 9, 2025, Serve Robotics Inc. announced a strategic partnership with DoorDash to expand the use of its autonomous delivery robots on the DoorDash platform, starting in Los Angeles with plans to extend to other cities. This collaboration is part of DoorDash’s strategy to integrate various delivery methods, including robots, to meet growing demand while reducing emissions and traffic, and it positions Serve Robotics to increase its delivery volume and market reach.

Serve Robotics Deploys 1,000th Autonomous Delivery Robot

On October 6, 2025, Serve Robotics Inc. announced the deployment of its 1,000th third-generation autonomous delivery robot, marking a significant milestone in its operations. The company remains on track to achieve its goal of deploying 2,000 robots by the end of 2025, which underscores its commitment to expanding its presence in the delivery sector and enhancing its market positioning.