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Serve Robotics Inc
(NASDAQ:SERV)
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Rating:46Neutral
Price Target:
$5.00
▲(3.95% Upside)
Action:Reiterated
Date:08/17/26
SERV scores 46 primarily due to very weak profitability and significant cash burn that dominate the financial profile, despite a strengthened low-debt balance sheet. Technicals also remain pressured with the stock below major moving averages and negative MACD. The latest earnings call adds uncertainty from a major revenue guidance reduction and Uber-related utilization risk, partly offset by strong liquidity and diversification efforts.
Positive Factors
Diversified recurring revenue and hospital robotics
Recurring software, advertising and hospital contracts can reduce reliance on per-delivery volume. Hospital robotics adds a potentially higher-margin, multi-year revenue stream and broadens Serve’s exposure beyond consumer food delivery.
Negative Factors
Severe losses and sustained cash burn
Cash consumption remains disproportionate to revenue, while deeply negative gross margins show that current delivery economics are not yet self-funding. Unless scale materially improves unit costs, Serve may require continued financing despite its cash reserves.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified recurring revenue and hospital robotics
Recurring software, advertising and hospital contracts can reduce reliance on per-delivery volume. Hospital robotics adds a potentially higher-margin, multi-year revenue stream and broadens Serve’s exposure beyond consumer food delivery.
Read all positive factors
Serve Robotics Inc (SERV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$414.46M
Dividend YieldN/A
Average Volume (3M)3.80M
Price to Earnings (P/E)―
Beta (1Y)2.48
Revenue Growth426.47%
EPS Growth-114.75%
CountryUS
Employees375
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-2.45
Shares Outstanding86,707,504
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
$9.75Price Target Upside102.70% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)-2.73
Revenue Forecast (FY)$11.46M
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:Aug 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Negative
The call contained important strategic positives—diversified revenue mix, strong DoorDash growth, hospital robotics traction, product and autonomy investments, a 2,000-robot footprint and a strong cash position—but these were overshadowed by a material near-term revenue outlook deterioration driven by a reversal in Uber volume and a large guidance cut. Significant operating losses, steep negative gross margin, and the need to reallocate capacity create real near-term challenges even as management outlines credible product and partnership initiatives to address integration and utilization constraints.Positive Updates
Q2 Revenue Growth
Total Q2 revenue of $3.2M (up 9% sequentially and over 400% year-over-year), driven by growth in non-Uber channels and diversified revenue mix.
Negative Updates
Large Full-Year Revenue Guidance Reduction
Full-year 2026 revenue guidance lowered from $26M to $9–10M (a reduction of roughly ~63% at the midpoint) due primarily to removal of the expected Uber ramp.
Read all updates
Q2-2026 Updates
Positive
Negative
Q2 Revenue Growth
Total Q2 revenue of $3.2M (up 9% sequentially and over 400% year-over-year), driven by growth in non-Uber channels and diversified revenue mix.
Read all positive updates
Company Guidance
Serve materially revised 2026 guidance, cutting full‑year revenue guidance from $26.0M to $9–10M after Q2 revenue of $3.2M (up 9% sequentially from $3.0M and over 400% YoY), while saying revenue should still grow roughly 3.5x year‑over‑year on the revised plan; Q2 software revenue was nearly $1M and recurring revenue exceeded 50% of total. Management blamed lower robot utilization in the Uber partnership and is reallocating capacity to higher‑utilization channels (DoorDash grew nearly 50% sequentially and ~50% between June and July), new marketplace partners, merchant products and hospital robotics. Key financials: gross loss ~$8.8M (gross margin −271%); GAAP operating expenses $57.3M (non‑GAAP ~$40.4M); GAAP net loss $64M (−$0.80/share) and non‑GAAP net loss $47.1M (−$0.59/share); capex in Q2 ~$1M (plus ~$3.6M tariff refunds). Liquidity and operating scale: >$240M cash and marketable securities, ~2,000 robots in 40+ cities; management cut planned 2026 capex from ≈$25M to $15–17M and lowered 2026 non‑GAAP OpEx guidance from ~$160–170M to ~$140–150M.Serve Robotics Inc Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.79M | 2.65M | 1.81M | 207.54K | 107.82K | 0.00 |
| Gross Profit | -28.83M | -15.38M | -75.16K | -1.52M | -1.04M | -42.47K |
| EBITDA | -164.96M | -96.80M | -38.20M | -17.39M | -20.83M | -21.62M |
| Net Income | -180.43M | -101.36M | -39.19M | -24.81M | -21.86M | -21.67M |
Balance Sheet | ||||||
| Total Assets | 378.62M | 367.75M | 139.60M | 2.80M | 8.54M | 8.66M |
| Cash, Cash Equivalents and Short-Term Investments | 235.41M | 233.41M | 123.27M | 6.76K | 2.72M | 7.97M |
| Total Debt | 9.70M | 5.25M | 2.34M | 4.37M | 7.48M | 0.00 |
| Total Liabilities | 26.83M | 17.01M | 7.92M | 6.84M | 21.00M | 336.31K |
| Stockholders Equity | 351.79M | 350.74M | 131.68M | -4.03M | -12.45M | 8.32M |
Cash Flow | ||||||
| Free Cash Flow | -170.21M | -117.57M | -31.79M | -15.98M | -25.05M | -10.87M |
| Operating Cash Flow | -139.55M | -80.24M | -21.54M | -15.97M | -21.40M | -10.71M |
| Investing Cash Flow | -143.78M | -198.00M | -10.32M | -4.91K | -4.06M | -258.73K |
| Financing Cash Flow | 245.74M | 261.21M | 155.12M | 13.27M | 20.21M | 18.93M |
Serve Robotics Inc Technical Analysis
Negative
4.81
Price Trends
5.69
Negative
7.25
Negative
9.03
Negative
Market Momentum
-0.28
Negative
40.12
Neutral
27.11
Neutral
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 4.98, below the 50-day MA of 5.69, and below the 200-day MA of 9.03, indicating a bearish trend. The MACD of -0.28 indicates Negative momentum. The RSI at 40.12 is Neutral, neither overbought nor oversold. The STOCH value of 27.11 is Neutral, 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 68 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 |
|---|---|---|---|---|---|---|---|
88 Outperform | $23.63M | 1.61 | 7.86% | ― | 25.87% | -0.36% | |
69 Neutral | $25.41B | 432.78 | 2.21% | ― | 19.98% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | $51.72M | 4.98 | 36.49% | ― | -44.36% | -845.20% | |
49 Neutral | $12.42B | -13.02 | -43.12% | ― | 400.00% | 1.19% | |
46 Neutral | $414.46M | -1.93 | -55.34% | ― | 426.47% | -114.75% |
* Industrials Sector Average
SERV
Serve Robotics Inc
4.74
-4.51
-48.76%
CVV
CVD Equipment
7.15
4.35
155.36%
GTEC
Greenland Technologies Holding
0.96
-0.33
-25.43%
SYM
Symbotic
41.46
-2.44
-5.56%
AUR
Aurora Innovation
6.12
0.27
4.62%
RR
Richtech Robotics Inc. Class B
1.60
-0.39
-19.60%
Serve Robotics Inc Corporate Events
Business Operations and StrategyProduct-Related Announcements
Serve Robotics Expands Autonomous Delivery and Hospital Robots
Positive
Aug 17, 2026
Serve Robotics Inc., a U.S.-based autonomous sidewalk delivery specialist, has grown its national footprint to eight major markets, supporting more than 4,000 restaurants and expanding into hospital service robots through its Diligent Robotics uni...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Serve Robotics trims 2026 outlook amid strong growth
Negative
Aug 6, 2026
Serve Robotics Inc., a U.S.-based autonomy and robotics specialist, operates a large fleet of autonomous sidewalk and indoor service robots that support restaurant, grocery and healthcare customers. Since its spin-off from Uber in 2021 and its 202...
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...
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.