Serve Robotics Inc. Common Stock (SERV)
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We found at least one documented issue that threatens the company itself — regardless of how the stock is currently valued.
Two existential findings carry this verdict: the annual and quarterly reports (10-K/10-Q) carry their own "Liquidity and Going Concern" note — $197.4 million in liquidity against roughly $61 million of quarterly outflow mathematically does not last twelve months — and the business destroys money already at the gross margin line (a gross margin around minus 580 percent, a $101.4 million net loss on $2.65 million in annual revenue). Whoever holds is betting that the robot fleet scales into a real business before the cash and the shareholders' patience run out; whoever buys is paying about 200 times revenue for that bet, financed by ongoing dilution. A clearly positive gross margin combined with a falling cash burn would be the trigger for a reassessment — check each quarterly report (10-Q) for exactly that. The decision is yours.
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Serve Robotics builds the little delivery robots that roll down U.S. sidewalks for Uber Eats and DoorDash — more than 2,000 of them, with Nvidia technology inside and Uber on the shareholder list. Our in-house stock scanner flags triple-digit revenue growth. The catch: the entire 2025 revenue was $2.65 million, against a $101 million loss. We read the annual report (10-K) and the latest quarterly report (10-Q) to separate the real robot future from the future fantasy in the price. Not investment advice — just the gap between robots that already roll and profits that do not yet exist.
Read the analysis
Stock Watch
This analysis is as of July 17, 2026. Stock Watch will tell you what's changed at SERV since then.
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Appears in These Scanners
This stock currently matches 11 of our scanner strategies — each hit links to the scanner.
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Trading Day
Key levels of the most recently completed trading day — not a live quote.
52-Week Range
Current price 4.80 $ — 3% of the range above the low.
Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 08/03/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
AI Rating
Sells AIServes Kerngeschäft ist eine KI-gestützte Robotik-Mobilitätsplattform: Laut 10-K/10-Q entsteht der Umsatz direkt aus den Diensten der autonomen Roboterflotte (Liefer-, Branding- und Erlebnisdienste), aus dem Zugang zur Flotten-Software einschließlich autonomer Fähigkeiten sowie aus der Monetarisierung der von den Robotern gesammelten Daten — KI-Produkte und -Dienste sind damit nachweislich die Umsatzquelle.
View the full file — quotes, sources, reviewed filings
„Serve has developed an advanced, AI-powered robotics mobility platform that integrates proprietary hardware, AI, computer vision, and cloud-based fleet management software to enable autonomous operation in complex, real-world environments."
Serve hat eine fortschrittliche, KI-gestützte Robotik-Mobilitätsplattform entwickelt, die proprietäre Hardware, KI, Computer Vision und cloudbasierte Flottenmanagement-Software integriert, um autonomen Betrieb in komplexen, realen Umgebungen zu ermöglichen.
„The Segment derives revenue from customers by providing (i) services via the Company’s robot fleet, including delivery, branding and experiential services, (ii) access to software developed for the robot fleet, including certain autonomous capabilities, and (iii) access to data collected by the robot fleet, including navigation-related data."
Das Segment erzielt Umsätze mit Kunden durch (i) Dienstleistungen über die Roboterflotte des Unternehmens, einschließlich Liefer-, Branding- und Erlebnisdiensten, (ii) Zugang zu für die Roboterflotte entwickelter Software, einschließlich bestimmter autonomer Fähigkeiten, und (iii) Zugang zu von der Roboterflotte gesammelten Daten, einschließlich navigationsbezogener Daten.
„AI empowers Serve robots to navigate outdoor and indoor environments and interact with their environment safely and efficiently. We use the latest AI methodologies to design, train and deploy a host of models on Serve robots."
KI befähigt die Serve-Roboter, in Außen- und Innenumgebungen zu navigieren und sicher und effizient mit ihrer Umgebung zu interagieren. Wir nutzen die neuesten KI-Methoden, um eine Vielzahl von Modellen für die Serve-Roboter zu entwerfen, zu trainieren und einzusetzen.
„The Segment derives revenue from customers by providing (i) services via the Company’s robot fleet, including indoor and outdoor delivery services, branding and experiential services, and (ii) access to software developed for the robot fleet, including certain autonomous capabilities."
Das Segment erzielt Umsätze mit Kunden durch (i) Dienstleistungen über die Roboterflotte des Unternehmens, einschließlich Innen- und Außen-Lieferdiensten sowie Branding- und Erlebnisdiensten, und (ii) Zugang zu für die Roboterflotte entwickelter Software, einschließlich bestimmter autonomer Fähigkeiten.
Filings Reviewed: 10-Q 2026-05-07 · 10-Q 2025-11-14 · 10-Q 2025-08-08 · 10-Q 2025-05-08 · 10-K 2026-03-12 · 10-K 2025-03-06
Rated on July 9, 2026 · How the Rating Is Built
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Analysts & Price Target
The price target sits 284.4% above the current price.
- Consensus
- Strong Sell
- Analyst Ratings
- 5
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | -2.22 | -2.30 – -2.13 | 26 | -89.3% | 2 |
| 12/31/2027 | -1.80 | -1.83 – -1.77 | 77 | 18.7% | 2 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Next Reporting Date
- Expected Earnings per Share
- -0.69 $
Expected date of the next quarterly or annual figures. Dates do shift occasionally — only the invitation issued by the company is binding.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
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· Total · per year
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The figures could not be loaded right now.
Source: fundamental data
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | -0.36 | – | 0 | 309.30 | -7,454.00 | -6 | -11 |
| 2025: Q1 | -0.36 | – | 0 | -53.50 | -3,003.60 | -10 | -13 |
| 2025: Q2 | -0.36 | – | 1 | 37.20 | -3,247.70 | -16 | -22 |
| 2025: Q3 | -0.56 | – | 1 | 209.50 | -4,806.70 | -25 | -37 |
| 2025: Q4 | -0.46 | – | 1 | 401.10 | -3,885.80 | -30 | -46 |
| 2026: Q1 | -0.64 | – | 3 | 578.20 | -1,642.20 | -41 | -43 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Annual Figures
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2021 | 0 | -11 | -22 | -0.59 | -11 | 8 | 9 |
| 2022 | 0 | -21 | -22 | -0.59 | -21 | -12 | 9 |
| 2023 | 0 | -21 | -25 | -0.67 | -16 | -4 | 3 |
| 2024 | 2 | -38 | -39 | -1.07 | -22 | 132 | 140 |
| 2025 | 3 | -113 | -101 | -1.63 | -80 | 351 | 368 |
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Assessment: Opportunities & Risks
A real technology lead: level 4 autonomy on sidewalks since 2022, more than 2,000 robots in the field, dozens of pending patent applications. Uber as shareholder and platform partner, DoorDash as the second platform, Nvidia and Ouster technology built in. A large target market with tailwinds from labor costs and driver shortages.
Daily active robots rose from 73 to 812, supply hours from 648 to 10,295 (Q1 2025 → Q1 2026). But 40 percent of the reported revenue jump to $3.0 million was acquired (Diligent); pro forma only about 24 percent growth, and only 812 of more than 2,000 robots are active daily.
Practically pre-commercial: $2.65 million in 2025 annual revenue, a gross margin around minus 580 percent, a net loss of $101.4 million (2024: $39.2 million). Another $49.0 million of loss in Q1 2026 alone; accumulated deficit of $257.9 million. Every dollar of revenue destroys a multiple in costs.
Liquidity of $197.4 million (03/31/2026), but roughly $61 million of quarterly outflow — mathematically less than twelve months at the Q1 pace. Share count up 48 percent in 15 months (51.3 → 76.0 million), an ATM program of up to $150 million, 20 insider sales and no purchase.
Roughly $534 million in market value against $2.65 million in revenue = about 200 times annual revenue; even annualized still around 45. Net of liquidity, the market pays a good $337 million for a business with $2.65 million in revenue and a $101 million loss. Almost all of it is future fantasy.
Serve Robotics is both at once: a fascinating, real robotics technology with Uber and Nvidia in its corner — and a practically pre-commercial business that sells less in a year than a burger joint and destroys a multiple in costs on every dollar of revenue. The "triple-digit revenue growth" from the scanner comes off a tiny base, was 40 percent acquired and faces eight weakness scanners; the valuation of roughly 200 times revenue is almost entirely a bet on the robot future. Not investment advice.
- Of the Q1 2026 revenue ($3.0 million), $1.2 million came from Diligent Robotics, acquired on January 27, 2026; pro forma, revenue grew only about 24 percent instead of the reported 578 percent. Diligent alone contributed $5.9 million of loss.
- No formal going-concern qualification, but a dedicated "Liquidity and Going Concern" note in both the annual report (10-K) and the quarterly report (10-Q); the company points to possible spending cuts and new capital measures.
- Uber is verifiably a shareholder (2.43 percent, 03/31/2026); a current Nvidia stake no longer appears in the holder lists of the profile data — Nvidia and Ouster are named in the 10-K as key suppliers (GPUs and lidar, respectively).
About the Company
Serve Robotics Inc. entwirft, entwickelt und betreibt emissionsarme Roboter, die Menschen in öffentlichen und gewerblichen Räumen für die Essenslieferung in den USA bedienen.
| CEO Insider Trades (12 Mo.) | selling own stock |
|---|---|
| Employees | 370 |
| Headquarters | Redwood City, CA |
| Address | 730 Broadway, 94063 Redwood City, United States |
| Phone | 818 860 1352 |
| Website | serverobotics.com |
| IPO Date | 7. Mar 2024 |
| ISIN | US81758H1068 |
| Stock Split | 1493:1000 on 10/01/2018 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Ali Kashani Ph.D. | Co-Founder, Chairman, CEO, Treasurer & Secretary | 1985 |
| Touraj Parang J.D. | President, COO & Director | 1973 |
| Brian Read | Chief Financial Officer | 1990 |
| MJ Burk Chun | Co-Founder and VP of Product & Design | 1978 |
| Dmitry Demeshchuk | Co-Founder & VP of Software | 1989 |
| Evan Dunn | General Counsel | – |
| Steve Webb | Senior Vice President of Marketing & Communications | – |
| Euan Abraham | Chief Hardware & Manufacturing Officer | 1977 |
| Prahar Shah | Chief Revenue Officer | 1985 |
| Anthony Armenta | Chief Software & Data Officer | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Chart
Interactive price chart (TradingView).
Data as of: July 31, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.