Want to see SERV full AI Analyst Report?
Top Page
Serve Robotics Inc
(NASDAQ:SERV)
Select Model
Select Model
Rating:46Neutral
Price Target:
$4.50
▼(-6.44% Downside)
Action:Reiterated
Date:06/24/26
SERV scores low-to-mid primarily due to weak financial performance (deeply negative gross profit, large losses, and heavy cash burn) and bearish technicals (price below all key moving averages with negative MACD). The score is partially supported by balance-sheet strength (low leverage and sizable cash/liquidity) and constructive earnings-call guidance on revenue growth, but profitability and unit-economics improvement remain the key gating factors.
Positive Factors
Rapid revenue and fleet scale
Serve’s very strong top-line growth and rapid fleet scale (daily active robots ~812; fleet ~7x YoY) indicate tangible product-market fit in last-mile delivery. Durable scale gains expand addressable volume, create learning effects, and provide a foundation to improve utilization and unit economics over months.
Negative Factors
Severely negative gross margin
A deeply negative gross margin means core delivery operations currently lose material money per unit. Unless revenue per robot and utilization improve, this structural deficit will persist, undermining path to profitability and requiring sustained operational improvement or pricing changes to restore long-term viability.
Read all positive and negative factors
Positive Factors
Negative Factors
Rapid revenue and fleet scale
Serve’s very strong top-line growth and rapid fleet scale (daily active robots ~812; fleet ~7x YoY) indicate tangible product-market fit in last-mile delivery. Durable scale gains expand addressable volume, create learning effects, and provide a foundation to improve utilization and unit economics over months.
Read all positive factors
Serve Robotics Inc (SERV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$338.12M
Dividend YieldN/A
Average Volume (3M)3.80M
Price to Earnings (P/E)―
Beta (1Y)2.20
Revenue Growth297.71%
EPS Growth-96.36%
CountryUS
Employees380
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-2.01
Shares Outstanding77,373,300
10 Day Avg. Volume2,736,807
30 Day Avg. Volume3,803,877
Financial Highlights & Ratios
PEG Ratio-0.12
Price to Book (P/B)1.84
Price to Sales (P/S)243.87
P/FCF Ratio-5.50
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$20.52Price Target Upside326.61% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)-2.67
Revenue Forecast (FY)$25.63M
Serve Robotics Inc Business Overview & Revenue Model
Company Description
Serve Robotics Inc. specializes in the development, deployment, and operation of autonomous, environmentally conscious robots. These advanced robotic systems are designed to provide efficient food delivery services to people in public spaces, excl...
How the Company Makes Money
Serve Robotics primarily makes money by providing autonomous last‑mile delivery as a service, where its robots perform deliveries for customers (typically delivery platforms, merchants, or logistics partners) and revenue is earned through commerci...
Serve Robotics Inc Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Neutral
The call presents a mixed but constructive picture: the company delivered dramatic top-line growth and clear operational scale (large YoY and sequential revenue increases, rapid fleet expansion, positive software margins, recurring revenue growth and strong cash reserves). At the same time, Serve remains in an investment phase with substantial GAAP losses, a deeply negative gross margin driven by fleet economics, high operating expenses, and near-term moderation in deployment while the company focuses on converting capacity into revenue. Management reiterated $26M 2026 revenue guidance, emphasized roadmap to improve revenue per robot and margins, and highlighted strong safety and integration progress.Positive Updates
Strong Q1 Revenue Growth
Total Q1 revenue was approximately $3.0M, up ~578% year-over-year and ~238% sequentially (CEO described this as nearly 7x YoY and ~3.5x sequential).
Negative Updates
Large GAAP Net Loss and Continued Cash Burn
GAAP net loss was $49M (−$0.65 per share) and non-GAAP net loss was $38M (−$0.50 per share). Net cash used in operating activities was $41.4M in Q1.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Q1 Revenue Growth
Total Q1 revenue was approximately $3.0M, up ~578% year-over-year and ~238% sequentially (CEO described this as nearly 7x YoY and ~3.5x sequential).
Read all positive updates
Company Guidance
Serve reiterated full‑year 2026 revenue guidance of $26.0 million and maintained non‑GAAP operating expense guidance of $160–$170 million; in Q1 the company reported nearly $3.0 million of revenue (fleet ≈ $2.0M, software ≈ $1.0M), roughly 578% year‑over‑year and 238% sequential growth (Ali characterized this as ~7x YoY and ~3.5x sequential), and on a pro forma basis including Diligent revenue was +30% YoY and +28% sequential; roughly $1.4M of Q1 revenue was recurring (just under half of total), daily active robots averaged 812 (≈+48% seq) and daily supply hours averaged >10,000 (≈+54% seq) with the deployed fleet ~7x larger YoY (daily actives and supply hours up ~10x and ~13x YoY respectively), the company finished Q1 with $197.4M of cash and marketable securities, and flagged near‑term operational priorities (no additional sidewalk robot deployments in H1 beyond the ~2,000 in the fleet, slower Q2 growth as they focus on utilization/partner integrations) while reporting GAAP gross loss ≈$9M (gross margin −302%), GAAP operating expense $42.8M (non‑GAAP OPEX ≈$31.8M), GAAP net loss $49M (−$0.65/share), non‑GAAP net loss $38M (−$0.50/share), $41.4M net cash used in operations, $19.6M of investing outflows and ~$1.4M of capex.Serve Robotics Inc Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
66
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.19M | 2.65M | 1.81M | 207.54K | 107.82K | 0.00 |
| Gross Profit | -22.91M | -15.38M | -75.16K | -1.52M | -1.04M | -42.47K |
| EBITDA | -127.40M | -96.80M | -38.20M | -17.39M | -20.83M | -21.62M |
| Net Income | -137.15M | -101.36M | -39.19M | -24.81M | -21.86M | -21.67M |
Balance Sheet | ||||||
| Total Assets | 340.80M | 367.75M | 139.60M | 2.80M | 8.54M | 8.66M |
| Cash, Cash Equivalents and Short-Term Investments | 187.48M | 233.41M | 123.27M | 6.76K | 2.72M | 7.97M |
| Total Debt | 4.82M | 5.25M | 2.34M | 4.37M | 7.48M | 0.00 |
| Total Liabilities | 23.01M | 17.01M | 7.92M | 6.84M | 21.00M | 336.31K |
| Stockholders Equity | 317.79M | 350.74M | 131.68M | -4.03M | -12.45M | 8.32M |
Cash Flow | ||||||
| Free Cash Flow | -147.92M | -117.57M | -31.79M | -15.98M | -25.05M | -10.87M |
| Operating Cash Flow | -112.20M | -80.24M | -21.54M | -15.97M | -21.40M | -10.71M |
| Investing Cash Flow | -214.31M | -198.00M | -10.32M | -4.91K | -4.06M | -258.73K |
| Financing Cash Flow | 175.87M | 261.21M | 155.12M | 13.27M | 20.21M | 18.93M |
Serve Robotics Inc Technical Analysis
Negative
4.81
Price Trends
6.73
Negative
7.90
Negative
9.74
Negative
Market Momentum
-0.56
Positive
28.32
Positive
9.39
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 4.81 is below the 20-day moving average (MA) of 5.44, below the 50-day MA of 6.73, and below the 200-day MA of 9.74, indicating a bearish trend. The MACD of -0.56 indicates Positive momentum. The RSI at 28.32 is Positive, neither overbought nor oversold. The STOCH value of 9.39 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SERV.
Serve Robotics Inc Risk Analysis
Serve Robotics Inc disclosed 62 risk factors in its most recent earnings report. Serve Robotics Inc reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Serve Robotics Inc Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $24.31B | -876.60 | -1.11% | ― | 20.81% | 27.33% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | $14.34M | 1.96 | 7.86% | ― | 14.06% | -76.57% | |
58 Neutral | $43.31M | -12.84 | -14.58% | ― | -36.20% | -4349.51% | |
51 Neutral | $11.98B | -14.11 | -39.64% | ― | 400.00% | 1.19% | |
46 Neutral | $338.12M | -2.34 | -47.31% | ― | 297.71% | -96.36% |
* Industrials Sector Average
SERV
Serve Robotics Inc
4.81
-5.38
-52.80%
CVV
CVD Equipment
6.51
2.65
68.65%
GTEC
Greenland Technologies Holding
0.52
-1.18
-69.18%
SYM
Symbotic
42.94
-11.01
-20.41%
AUR
Aurora Innovation
6.24
0.43
7.40%
RR
Richtech Robotics Inc. Class B
1.44
-0.46
-24.21%
Serve Robotics Inc Corporate Events
Business Operations and StrategyExecutive/Board Changes
Serve Robotics Appoints New Independent Board Director
Positive
Jun 24, 2026
Serve Robotics Inc., a leading autonomous robotics company listed on Nasdaq, focuses on designing and operating delivery and service robots that work in complex human environments across the U.S. Since separating from Uber in 2021, it has scaled a...
Executive/Board ChangesShareholder Meetings
Serve Robotics Shareholders Elect Directors, Ratify Auditor
Positive
Jun 18, 2026
At Serve Robotics Inc.’s 2026 annual meeting of stockholders held on June 17, 2026, shareholders voted on the election of Class III directors and the ratification of the company’s independent auditor. A quorum was achieved, with approx...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Serve Robotics Completes Acquisition of Diligent Robotics Subsidiary
Positive
May 11, 2026
Serve Robotics Inc., a developer of autonomous robotic technologies, has strengthened its position in automation by acquiring Diligent Robotics, Inc., which now operates as a wholly owned subsidiary. The transaction, governed by a merger agreement...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Serve Robotics Reports Surging Q1 Growth and Expansion
Positive
May 7, 2026
Serve Robotics reported first-quarter 2026 results on May 7, 2026, highlighting a sharp acceleration in growth and scale as it integrates its sidewalk delivery and newly acquired healthcare robotics operations. Revenue for the quarter ended March ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.