Serve Robotics Inc. (SERV) Stock

Serve Robotics Inc. (SERV) is a Industrials stock trading at $4.74 (as of 2026-08-20), with a market capitalization of $410.99M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Serve Robotics Inc. designs, develops, and operates self-driving, low-emission delivery robots used for food delivery in public spaces across the United States. The company provides robotic delivery services to people in these public settings.

Understand Serve Robotics Inc.: how it makes money

Serve Robotics designs, develops, and operates low-emission self-driving delivery robots for food delivery in public spaces in the United States, and it generates revenue from its robot fleet and software (plus related fleet services and delivery and branding).

The profit model hinges on whether Serve can scale its deployed robot fleet while sustaining high delivery performance, and then convert that operating footprint into monetization across fleet and recurring software revenue (and related services).

Revenue by segment (latest quarter)
Fleet$0.0B
Software$0.0B
FleetSvc$0.0B
DelBrand$0.0B

Business quality (Weak): Operational metrics (robots deployed, restaurants served, completion rates, and recurring software mix) are available, but the financial segment revenue figures provided for the latest quarter are all 0.0B, and the reported gross and operating margins are deeply negative.

Bull case

  • Delivery performance is very high, with Average Delivery Completion Rate of 99.8 percent: This suggests the robot service is reaching completion targets in the reported period.
  • Recurring software appears to be a meaningful part of software revenue, with Recurring Software Revenue as a Percentage of Software Revenue at 70 percent: If maintained as the fleet grows, recurring software mix can support more stable revenue over time.

Bear case

  • In the latest reported quarter (2026-03-31), revenue is reported as 0.0B and all provided segment revenue categories are 0.0B: This makes it hard to validate that current operations are converting into revenue in the provided financial snapshot.
  • The latest quarter shows deeply negative gross_margin_pct (-301.6) and operating_margin_pct (-1735.3): The business is currently not showing profitable unit economics based on the financials provided.
Valuation — source: SEC EDGAR (first-party)
Price$4.74
Market Cap$410.99M
Price / Book1.17
Price / Sales41.54
FCF Yield-59.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$2.65M
Net Margin-3823.5%
Revenue Growth (YoY)46.3%
EPS Growth (YoY)52.3%
FCF Growth (YoY)269.8%
Financial Health — source: SEC EDGAR
Altman Z-Score11.60 (safe)
Valuation vs Sector & Industry
Sector P/E (Industrials)25.9
Industry P/E (Machinery)32.3
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock Fund Advisors ($51.18M)
Institutional Holders Tracked10
Company
SectorIndustrials
IndustryMachinery
CEOAli Kashani
Employees120
CountryUS
IPO Date2024-03-08

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SERV earnings history · SERV institutional & insider holders · SERV KPIs & operating metrics · SERV financials · SERV investor presentations & press releases · SERV SEC filings · SERV peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.