Symbols / SERV Stock $8.35 -1.18% Serve Robotics Inc.

Industrials • Specialty Industrial Machinery • United States • NCM
SERV (Stock) Chart
About

Serve Robotics Inc. designs, develops, and operates low-emission robots that serve people in public and commercial spaces for food delivery activity in the United States. It builds self-driving delivery robots. Serve Robotics Inc. was founded in 2017 and is headquartered in Redwood City, California.

Fundamentals
Scroll to Statements
Sector Industrials Industry Specialty Industrial Mac Market Cap 632.01M
Enterprise Value 411.03M Income -101.36M Sales 2.65M
Book/sh 4.69 Cash/sh 3.09 Dividend Yield —
Payout 0.00% Employees 370 IPO —
P/E — Forward P/E -5.21 PEG —
P/S 238.41 P/B 1.78 P/C —
EV/EBITDA -3.89 EV/Sales 155.05 Quick Ratio 17.67
Current Ratio 18.13 Debt/Eq 1.50 LT Debt/Eq —
EPS (ttm) -1.63 EPS next Y -1.60 EPS Growth —
Revenue Growth 4.01% Earnings 2026-05-07 ROA -27.44%
ROE -42.02% ROIC — Gross Margin 0.00%
Oper. Margin -44.11% Profit Margin 0.00% Shs Outstand 75.69M
Shs Float 62.88M Short Float 26.10% Short Ratio 4.60
Short Interest — 52W High 18.64 52W Low 4.66
Beta 3.86 Avg Volume 5.30M Volume 1.88M
Target Price $19.00 Recom Strong_buy Prev Close $8.45
Price $8.35 Change -1.18%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$19.00
Mean price target
2. Current target
$8.35
Latest analyst target
3. DCF / Fair value
$-18.46
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$8.35
Low
$15.00
High
$26.00
Mean
$19.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-17 main Cantor Fitzgerald Overweight → Overweight $16
2026-01-02 reit Northland Capital Markets Outperform → Outperform $26
2025-12-31 init Freedom Capital Markets — → Buy $16
2025-12-30 init Freedom Broker — → Buy $16
2025-12-18 init Oppenheimer — → Outperform $20
2025-08-27 init Wedbush — → Outperform $15
2025-08-12 down Seaport Global Buy → Neutral —
2025-05-22 init Cantor Fitzgerald — → Overweight $17
2025-01-15 main Northland Capital Markets Outperform → Outperform $23
2024-10-28 init Ladenburg Thalmann — → Buy $16
News
RSS: Latest SERV news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-31 READ BRIAN Chief Financial Officer — 1,263 $8.03 $10,142
2026-03-13 ARMENTA ANTHONY Officer — 3,567 $9.82 $35,028
2026-03-10 READ BRIAN Chief Financial Officer — 203 $9.72 $1,973
2026-03-10 ABRAHAM EUAN Officer — 1,390 $9.72 $13,511
2026-03-10 KASHANI ALI Chief Executive Officer — 13,500 $9.72 $131,220
2026-03-10 PARANG TOURAJ President — 3,922 $9.72 $38,122
2026-03-06 DUNN EVAN General Counsel — 538 $9.44 $5,079
2026-03-03 READ BRIAN Chief Financial Officer — 1,268 $9.61 $12,185
2026-02-13 ARMENTA ANTHONY Officer — 3,432 $9.38 $32,192
2026-02-11 READ BRIAN Chief Financial Officer — 185 $10.17 $1,881
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
2.65
+46.22%
1.81
+773.55%
0.21
+92.49%
0.11
Operating Revenue
2.65
+46.22%
1.81
+773.55%
0.21
+92.49%
0.11
Cost Of Revenue
18.03
+855.14%
1.89
+9.12%
1.73
+50.66%
1.15
Reconciled Cost Of Revenue
18.03
+855.14%
1.89
+9.12%
1.73
+50.66%
1.15
Gross Profit
-15.38
-20409.33%
-0.07
+95.07%
-1.52
-46.33%
-1.04
Operating Expense
97.39
+154.85%
38.21
+115.46%
17.74
-10.93%
19.91
Research And Development
45.27
+86.63%
24.25
+143.84%
9.95
-26.67%
13.57
Selling General And Administration
40.02
+275.06%
10.67
+104.26%
5.22
+21.15%
4.31
Selling And Marketing Expense
2.90
+402.77%
0.58
-4.66%
0.61
+15.17%
0.53
General And Administrative Expense
37.12
+267.76%
10.09
+118.53%
4.62
+21.98%
3.79
Other Gand A
37.12
+267.76%
10.09
+118.53%
4.62
+21.98%
3.79
Other Operating Expenses
12.10
+267.92%
3.29
+28.23%
2.56
+26.04%
2.04
Total Expenses
115.42
+187.82%
40.10
+106.01%
19.47
-7.57%
21.06
Operating Income
-112.77
-194.52%
-38.29
-98.81%
-19.26
+8.09%
-20.95
Total Operating Income As Reported
-112.77
-194.52%
-38.29
-84.72%
-20.73
+1.08%
-20.95
EBITDA
-96.80
-162.18%
-36.92
-112.26%
-17.39
+16.49%
-20.83
Normalized EBITDA
-97.19
-164.83%
-36.70
-160.21%
-14.10
+31.42%
-20.56
Reconciled Depreciation
8.21
+2549.35%
0.31
-83.37%
1.86
+380.22%
0.39
EBIT
-105.01
-182.05%
-37.23
-93.33%
-19.26
+9.24%
-21.22
Total Unusual Items
0.39
+277.03%
-0.22
+93.25%
-3.29
-1138.30%
-0.27
Total Unusual Items Excluding Goodwill
0.39
+277.03%
-0.22
+93.25%
-3.29
-1138.30%
-0.27
Special Income Charges
—
0.00
+100.00%
-1.47
0.00
Impairment Of Capital Assets
—
0.00
-100.00%
1.47
0.00
Net Income
-101.36
-158.63%
-39.19
-57.94%
-24.81
-13.54%
-21.86
Pretax Income
-105.02
-167.96%
-39.19
-57.94%
-24.81
-13.54%
-21.86
Net Non Operating Interest Income Expense
7.27
+1168.82%
-0.68
+69.97%
-2.26
-255.86%
-0.64
Interest Expense Non Operating
0.00
-99.85%
1.96
-13.49%
2.26
+255.86%
0.64
Net Interest Income
7.27
+1168.82%
-0.68
+69.97%
-2.26
-255.86%
-0.64
Interest Expense
0.00
-99.85%
1.96
-13.49%
2.26
+255.86%
0.64
Interest Income Non Operating
7.27
+468.49%
1.28
—
—
Interest Income
7.27
+468.49%
1.28
—
—
Other Income Expense
0.48
+318.02%
-0.22
+93.25%
-3.29
-1138.30%
-0.27
Other Non Operating Income Expenses
0.09
—
—
—
Gain On Sale Of Security
0.39
+277.03%
-0.22
+87.81%
-1.82
-585.51%
-0.27
Tax Provision
-3.66
0.00
0.00
0.00
Tax Rate For Calcs
0.00
0.00
0.00
0.00
Tax Effect Of Unusual Items
0.01
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
-101.36
-158.63%
-39.19
-57.94%
-24.81
-13.54%
-21.86
Net Income From Continuing Operation Net Minority Interest
-101.36
-158.63%
-39.19
-57.94%
-24.81
-13.54%
-21.86
Net Income From Continuing And Discontinued Operation
-101.36
-158.63%
-39.19
-57.94%
-24.81
-13.54%
-21.86
Net Income Continuous Operations
-101.36
-158.63%
-39.19
-57.94%
-24.81
-13.54%
-21.86
Normalized Income
-101.74
-161.08%
-38.97
-81.06%
-21.52
+0.31%
-21.59
Net Income Common Stockholders
-101.36
-158.63%
-39.19
-57.94%
-24.81
-13.54%
-21.86
Diluted EPS
—
-1.07
-59.29%
-0.67
-13.54%
-0.59
Basic EPS
—
-1.07
-59.29%
-0.67
-13.54%
-0.59
Basic Average Shares
—
36.66
-0.76%
36.94
+0.00%
36.94
Diluted Average Shares
—
36.66
-0.76%
36.94
+0.00%
36.94
Diluted NI Availto Com Stockholders
-101.36
-158.63%
-39.19
-57.94%
-24.81
-13.54%
-21.86
Total Other Finance Cost
—
0.68
-69.95%
2.26
—
Line Item Trend 2025-12-31 2024-12-31
Total Assets
367.75
+163.43%
139.60
Current Assets
241.07
+92.47%
125.25
Cash Cash Equivalents And Short Term Investments
233.41
+89.35%
123.27
Cash And Cash Equivalents
106.24
-13.81%
123.27
Cash Financial
—
123.27
Other Short Term Investments
127.17
0.00
Receivables
1.55
+454.48%
0.28
Accounts Receivable
0.85
+878.16%
0.09
Other Receivables
0.70
+262.50%
0.19
Inventory
0.00
-100.00%
0.31
Prepaid Assets
6.04
+332.50%
1.40
Other Current Assets
0.08
—
Total Non Current Assets
126.68
+782.82%
14.35
Net PPE
52.38
+280.38%
13.77
Gross PPE
58.85
+259.37%
16.38
Accumulated Depreciation
-6.46
-148.27%
-2.60
Properties
0.00
0.00
Machinery Furniture Equipment
0.38
+12.95%
0.33
Construction In Progress
3.36
-57.10%
7.83
Other Properties
54.70
+565.71%
8.22
Leases
0.41
0.00
Goodwill And Other Intangible Assets
46.84
0.00
Goodwill
15.53
0.00
Other Intangible Assets
31.31
—
Investments And Advances
26.34
0.00
Non Current Prepaid Assets
—
0.58
Other Non Current Assets
1.11
+91.52%
0.58
Total Liabilities Net Minority Interest
17.01
+114.73%
7.92
Current Liabilities
13.30
+95.36%
6.81
Payables And Accrued Expenses
11.50
+106.87%
5.56
Payables
5.01
+2.28%
4.90
Accounts Payable
5.01
+2.28%
4.90
Current Accrued Expenses
6.48
+889.62%
0.66
Current Debt And Capital Lease Obligation
1.80
+46.34%
1.23
Current Debt
—
—
Other Current Borrowings
—
—
Current Capital Lease Obligation
1.80
+46.34%
1.23
Current Deferred Liabilities
0.00
-90.00%
0.02
Current Deferred Revenue
0.00
-90.00%
0.02
Total Non Current Liabilities Net Minority Interest
3.71
+233.24%
1.11
Long Term Debt And Capital Lease Obligation
3.45
+210.33%
1.11
Long Term Debt
—
—
Long Term Capital Lease Obligation
3.45
+210.33%
1.11
Non Current Deferred Liabilities
0.26
0.00
Non Current Deferred Taxes Liabilities
0.26
0.00
Other Non Current Liabilities
—
—
Stockholders Equity
350.74
+166.36%
131.68
Common Stock Equity
350.74
+166.36%
131.68
Capital Stock
0.01
+40.00%
0.01
Common Stock
0.01
+40.00%
0.01
Preferred Stock
0.00
0.00
Share Issued
74.78
+45.50%
51.40
Ordinary Shares Number
74.73
+45.71%
51.29
Treasury Shares Number
0.05
-56.64%
0.11
Additional Paid In Capital
559.49
+133.90%
239.20
Retained Earnings
-208.89
-94.27%
-107.53
Gains Losses Not Affecting Retained Earnings
0.14
0.00
Other Equity Adjustments
0.14
—
Total Equity Gross Minority Interest
350.74
+166.36%
131.68
Total Capitalization
350.74
+166.36%
131.68
Working Capital
227.78
+92.31%
118.44
Invested Capital
350.74
+166.36%
131.68
Total Debt
5.25
+124.24%
2.34
Net Debt
—
—
Capital Lease Obligations
5.25
+124.24%
2.34
Net Tangible Assets
303.90
+130.79%
131.68
Tangible Book Value
303.90
+130.79%
131.68
Available For Sale Securities
26.34
—
Current Notes Payable
—
0.00
Derivative Product Liabilities
—
—
Investmentin Financial Assets
26.34
0.00
Other Equity Interest
—
—
Preferred Stock Equity
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-80.24
-272.48%
-21.54
-34.88%
-15.97
+25.38%
-21.40
Cash Flow From Continuing Operating Activities
-80.24
-272.48%
-21.54
-34.88%
-15.97
+25.38%
-21.40
Net Income From Continuing Operations
-101.36
-158.63%
-39.19
-57.94%
-24.81
-13.54%
-21.86
Depreciation Amortization Depletion
8.21
+2549.35%
0.31
-83.37%
1.86
+380.22%
0.39
Depreciation
—
0.31
-83.38%
1.86
+380.22%
0.39
Depreciation And Amortization
8.21
+2549.35%
0.31
-83.37%
1.86
+380.22%
0.39
Other Non Cash Items
—
1.68
-7.19%
1.81
+13193.39%
0.01
Stock Based Compensation
21.25
+46.01%
14.55
+2573.71%
0.54
+179.09%
0.20
Asset Impairment Charge
—
0.00
-100.00%
1.47
0.00
Deferred Tax
-4.70
0.00
—
—
Deferred Income Tax
-4.70
0.00
—
—
Operating Gains Losses
—
0.22
-87.81%
1.82
+585.51%
0.27
Gain Loss On Investment Securities
—
0.22
-87.81%
1.82
+585.51%
0.27
Change In Working Capital
-2.57
-390.61%
0.88
-33.83%
1.34
+425.69%
-0.41
Change In Receivables
-1.20
-332.97%
-0.28
-1430.63%
0.02
+187.53%
-0.02
Changes In Account Receivables
-0.70
-729.76%
-0.08
-504.98%
0.02
+187.53%
-0.02
Change In Inventory
0.00
-100.00%
0.47
+397.91%
-0.16
-0.81%
-0.15
Change In Prepaid Assets
-4.63
-543.61%
-0.72
-20.88%
-0.60
-632.28%
-0.08
Change In Payables And Accrued Expense
4.69
+247.74%
1.35
-36.27%
2.12
+1646.72%
-0.14
Change In Accrued Expense
6.71
+1306.29%
0.48
+109.19%
0.23
+509.13%
0.04
Change In Payable
-2.02
-331.31%
0.87
-53.83%
1.89
+1183.65%
-0.17
Change In Account Payable
-2.02
-331.31%
0.87
-53.83%
1.89
+1183.65%
-0.17
Change In Other Working Capital
-0.02
-190.00%
0.02
—
—
Change In Other Current Assets
—
—
0.00
-100.00%
0.01
Change In Other Current Liabilities
-1.41
-3171.74%
0.05
+192.64%
-0.05
-101.52%
-0.02
Investing Cash Flow
-198.00
-1818.97%
-10.32
-209871.51%
-0.00
+99.88%
-4.06
Cash Flow From Continuing Investing Activities
-198.00
-1818.97%
-10.32
-209871.51%
-0.00
+99.88%
-4.06
Net PPE Purchase And Sale
-37.33
-264.16%
-10.25
-208528.41%
-0.00
+99.87%
-3.64
Purchase Of PPE
-37.33
-264.16%
-10.25
-208528.41%
-0.00
+99.87%
-3.64
Capital Expenditure
-37.74
-268.11%
-10.25
-208528.41%
-0.00
+99.87%
-3.64
Capital Expenditure Reported
-0.41
0.00
—
—
Net Investment Purchase And Sale
-152.25
0.00
—
—
Purchase Of Investment
-203.75
0.00
—
—
Sale Of Investment
51.50
0.00
—
—
Net Business Purchase And Sale
-7.50
0.00
—
—
Purchase Of Business
-7.50
0.00
—
—
Net Other Investing Changes
-0.51
-666.67%
-0.07
—
-0.42
Financing Cash Flow
261.21
+68.39%
155.12
+1069.23%
13.27
-34.37%
20.21
Cash Flow From Continuing Financing Activities
261.21
+68.39%
155.12
+1069.23%
13.27
-34.37%
20.21
Net Issuance Payments Of Debt
-0.19
-110.67%
1.74
+1025.30%
0.15
-97.55%
6.33
Issuance Of Debt
0.00
-100.00%
4.84
+19.12%
4.07
-41.53%
6.96
Repayment Of Debt
-0.19
+94.00%
-3.10
+20.72%
-3.91
-522.49%
-0.63
Long Term Debt Issuance
0.00
-100.00%
4.84
+19.12%
4.07
-41.53%
6.96
Long Term Debt Payments
-0.19
+89.56%
-1.78
+54.45%
-3.91
-522.49%
-0.63
Net Long Term Debt Issuance
-0.19
-106.07%
3.06
+1877.51%
0.15
-97.55%
6.33
Short Term Debt Issuance
—
—
0.52
0.00
Short Term Debt Payments
0.00
+100.00%
-1.32
-193.99%
-0.45
0.00
Net Short Term Debt Issuance
0.00
+100.00%
-1.32
-1985.71%
0.07
0.00
Net Common Stock Issuance
249.50
+119.93%
113.44
+986.12%
10.44
0.00
Proceeds From Stock Option Exercised
11.85
-70.31%
39.93
+1331066766.67%
-0.00
-100.00%
12.89
Net Other Financing Charges
0.05
—
2.67
-79.30%
12.89
Changes In Cash
-17.03
-113.81%
123.26
+4650.04%
-2.71
+48.40%
-5.25
Effect Of Exchange Rate Changes
0.00
0.00
—
—
Beginning Cash Position
123.27
+1760842.86%
0.01
-99.74%
2.72
-65.91%
7.97
End Cash Position
106.24
-13.81%
123.27
+1824441.15%
0.01
-99.75%
2.72
Free Cash Flow
-117.98
-271.07%
-31.79
-99.01%
-15.98
+36.22%
-25.05
Interest Paid Supplemental Data
0.22
+10.34%
0.20
-59.98%
0.51
-18.55%
0.62
Income Tax Paid Supplemental Data
0.00
0.00
0.00
0.00
Amortization Of Securities
-1.07
0.00
—
—
Common Stock Issuance
249.50
+119.93%
113.44
+986.12%
10.44
0.00
Issuance Of Capital Stock
249.50
+119.93%
113.44
+986.12%
10.44
+944.50%
1.00
Net Preferred Stock Issuance
—
—
0.00
-100.00%
1.00
Preferred Stock Issuance
—
—
0.00
-100.00%
1.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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