SERV Chart
About

Serve Robotics Inc. designs, develops, and operates low-emission robots that serve people in public 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 720.57M
Enterprise Value 513.47M Income -80.21M Sales 1.94M
Book/sh 4.19 Cash/sh 2.83 Dividend Yield —
Payout 0.00% Employees 120 IPO —
P/E — Forward P/E -5.45 PEG —
P/S 370.57 P/B 2.31 P/C —
EV/EBITDA -6.16 EV/Sales 264.06 Quick Ratio 16.61
Current Ratio 17.21 Debt/Eq 1.46 LT Debt/Eq —
EPS (ttm) -1.44 EPS next Y -1.77 EPS Growth —
Revenue Growth 209.50% Earnings 2026-03-05 ROA -29.83%
ROE -47.18% ROIC — Gross Margin 0.00%
Oper. Margin -50.68% Profit Margin 0.00% Shs Outstand 74.52M
Shs Float 62.00M Short Float 23.88% Short Ratio 2.06
Short Interest — 52W High 18.64 52W Low 4.66
Beta — Avg Volume 6.68M Volume 2.37M
Target Price $18.86 Recom None Prev Close $9.24
Price $9.67 Change 4.65%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$18.86
Mean price target
2. Current target
$9.67
Latest analyst target
3. DCF / Fair value
$-13.17
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$9.67
Low
$15.00
High
$26.00
Mean
$18.86

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-02 reit Northland Capital Markets Outperform → Outperform $26
2025-12-31 init Freedom Capital Markets — → 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
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 3432 32192 — Sale at price 9.38 per share. ARMENTA ANTHONY Officer — 2026-02-13 00:00:00 D
1 9259 94164 — Sale at price 10.17 per share. KASHANI ALI Chief Executive Officer — 2026-02-11 00:00:00 D
2 3558 36185 — Sale at price 10.17 per share. PARANG TOURAJ President — 2026-02-11 00:00:00 D
3 185 1881 — Sale at price 10.17 per share. READ BRIAN Chief Financial Officer — 2026-02-11 00:00:00 D
4 1375 13984 — Sale at price 10.17 per share. ABRAHAM EUAN Officer — 2026-02-11 00:00:00 D
5 688 6577 — Sale at price 9.56 per share. DUNN EVAN General Counsel — 2026-02-06 00:00:00 D
6 8101 83683 — Sale at price 10.33 per share. KASHANI ALI Chief Executive Officer — 2026-02-04 00:00:00 D
7 5998 61959 — Sale at price 10.33 per share. PARANG TOURAJ President — 2026-02-04 00:00:00 D
8 2700 27891 — Sale at price 10.33 per share. DUNN EVAN General Counsel — 2026-02-04 00:00:00 D
9 3223 33294 — Sale at price 10.33 per share. ARMENTA ANTHONY Officer — 2026-02-04 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.000.000.000.00
NormalizedEBITDA-37.76M-14.10M-20.56M-10.58M
TotalUnusualItems-221.56K-3.29M-265.74K-11.04M
TotalUnusualItemsExcludingGoodwill-221.56K-3.29M-265.74K-11.04M
NetIncomeFromContinuingOperationNetMinorityInterest-39.19M-24.81M-21.86M-21.67M
ReconciledDepreciation309.71K1.86M388.14K42.47K
ReconciledCostOfRevenue1.89M1.73M1.15M0.00
EBITDA-37.98M-17.39M-20.83M-21.62M
EBIT-38.29M-19.26M-21.22M-21.67M
NetInterestIncome-680.55K-2.26M-636.33K0.00
InterestExpense2.26M636.33K0.00
NormalizedIncome-38.97M-21.52M-21.59M-10.62M
NetIncomeFromContinuingAndDiscontinuedOperation-39.19M-24.81M-21.86M-21.67M
TotalExpenses40.10M19.47M21.06M10.62M
TotalOperatingIncomeAsReported-38.29M-20.73M-20.95M-10.62M
DilutedAverageShares36.66M36.94M36.94M24.72M
BasicAverageShares36.66M36.94M36.94M24.72M
DilutedEPS-1.07-0.67-0.59-0.88
BasicEPS-1.07-0.67-0.59-0.88
DilutedNIAvailtoComStockholders-39.19M-24.81M-21.86M-21.67M
NetIncomeCommonStockholders-39.19M-24.81M-21.86M-21.67M
NetIncome-39.19M-24.81M-21.86M-21.67M
NetIncomeIncludingNoncontrollingInterests-39.19M-24.81M-21.86M-21.67M
NetIncomeContinuousOperations-39.19M-24.81M-21.86M-21.67M
TaxProvision0.000.000.000.00
PretaxIncome-39.19M-24.81M-21.86M-21.67M
OtherIncomeExpense-221.56K-3.29M-265.74K-11.04M
SpecialIncomeCharges0.00-1.47M0.00
ImpairmentOfCapitalAssets0.001.47M0.00
GainOnSaleOfSecurity-221.56K-1.82M-265.74K-11.04M
NetNonOperatingInterestIncomeExpense-680.55K-2.26M-636.33K0.00
TotalOtherFinanceCost680.55K2.26M
InterestExpenseNonOperating2.26M636.33K0.00
OperatingIncome-38.29M-19.26M-20.95M-10.62M
OperatingExpense38.21M17.74M19.91M10.62M
OtherOperatingExpenses3.29M2.56M2.04M924.50K
ResearchAndDevelopment24.26M9.95M13.57M7.09M
SellingGeneralAndAdministration10.67M5.22M4.31M2.61M
SellingAndMarketingExpense577.08K605.21K525.49K139.66K
GeneralAndAdministrativeExpense10.09M4.62M3.79M2.47M
OtherGandA10.09M4.62M3.79M2.47M
GrossProfit-75.16K-1.52M-1.04M0.00
CostOfRevenue1.89M1.73M1.15M0.00
TotalRevenue1.81M207.54K107.82K0.00
OperatingRevenue1.81M207.54K107.82K0.00
Line Item2024-12-31
TreasurySharesNumber108.01K
OrdinarySharesNumber51.29M36.94M36.94M36.94M
ShareIssued51.40M36.94M36.94M36.94M
NetDebt1.29M
TotalDebt2.34M4.37M7.48M0.00
TangibleBookValue131.68M-4.03M-12.45M8.32M
InvestedCapital131.68M-2.73M-10.24M8.32M
WorkingCapital118.44M-4.78M-457.99K8.10M
NetTangibleAssets131.68M-4.03M-12.45M8.32M
CapitalLeaseObligations2.34M3.07M5.27M0.00
CommonStockEquity131.68M-4.03M-12.45M8.32M
PreferredStockEquity798.00772.00
TotalCapitalization131.68M-3.80M-11.24M8.32M
TotalEquityGrossMinorityInterest131.68M-4.03M-12.45M8.32M
StockholdersEquity131.68M-4.03M-12.45M8.32M
OtherEquityInterest-169.62K-165.72K
RetainedEarnings-107.53M-68.33M-43.52M-21.67M
AdditionalPaidInCapital239.20M64.47M31.23M29.98M
CapitalStock5.13K2.45K1.48K1.48K
CommonStock5.13K2.45K683.00711.00
PreferredStock0.000.00798.00772.00
TotalLiabilitiesNetMinorityInterest7.92M6.84M21.00M336.31K
TotalNonCurrentLiabilitiesNetMinorityInterest1.11M600.73K17.10M0.00
OtherNonCurrentLiabilities158.62K162.75K
DerivativeProductLiabilities0.0013.15M0.00
LongTermDebtAndCapitalLeaseObligation1.11M442.11K3.79M0.00
LongTermCapitalLeaseObligation1.11M211.18K2.57M0.00
LongTermDebt230.93K1.21M
CurrentLiabilities6.81M6.24M3.90M336.31K
CurrentDeferredLiabilities20.10K0.00
CurrentDeferredRevenue20.10K0.00
CurrentDebtAndCapitalLeaseObligation1.23M3.93M3.70M
CurrentCapitalLeaseObligation1.23M2.86M2.70M0.00
CurrentDebt1.07M1.00M
OtherCurrentBorrowings1.00M1.00M
CurrentNotesPayable0.0070.00K0.00
PayablesAndAccruedExpenses5.56M2.31M199.47K336.31K
CurrentAccruedExpenses654.47K255.85K37.43K0.00
Payables4.90M2.05M162.03K336.31K
AccountsPayable4.90M2.05M162.03K336.31K
TotalAssets139.60M2.80M8.54M8.66M
TotalNonCurrentAssets14.35M1.34M5.11M216.26K
NonCurrentPrepaidAssets578.24K512.66K512.66K96.65K
NetPPE13.77M830.86K4.59M119.62K
AccumulatedDepreciation-2.60M-2.29M-430.61K-42.47K
GrossPPE16.38M3.13M5.02M162.09K
ConstructionInProgress7.83M0.00
OtherProperties8.22M2.87M4.78M
MachineryFurnitureEquipment332.31K250.66K245.75K162.09K
CurrentAssets125.25M1.46M3.44M8.44M
OtherCurrentAssets11.16K
PrepaidAssets1.40M676.97K81.34K0.00
Inventory309.71K774.35K618.26K463.42K
Receivables278.45K2.96K23.70K0.00
OtherReceivables191.64K
AccountsReceivable86.81K2.96K23.70K0.00
CashCashEquivalentsAndShortTermInvestments123.27M6.76K2.72M7.97M
CashAndCashEquivalents123.27M6.76K2.72M7.97M
CashFinancial123.27M6.76K2.72M7.97M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-31.79M-15.98M-25.05M-10.87M
RepaymentOfDebt-3.10M-3.91M-628.52K0.00
IssuanceOfDebt4.84M4.07M6.96M0.00
IssuanceOfCapitalStock113.45M10.44M1000.00K11.00M
CapitalExpenditure-10.25M-4.91K-3.64M-162.09K
InterestPaidSupplementalData202.78K507.19K622.73K0.00
IncomeTaxPaidSupplementalData0.000.000.000.00
EndCashPosition123.27M6.76K2.72M7.97M
BeginningCashPosition6.76K2.72M7.97M0.00
ChangesInCash123.26M-2.71M-5.25M7.97M
FinancingCashFlow155.12M13.27M20.21M18.93M
CashFlowFromContinuingFinancingActivities155.12M13.27M20.21M18.93M
NetOtherFinancingCharges2.67M12.89M7.92M
ProceedsFromStockOptionExercised39.93M-3.0012.89M7.93M
NetPreferredStockIssuance0.001000.00K11.00M
PreferredStockIssuance0.001000.00K11.00M
NetCommonStockIssuance113.45M10.44M0.004.40K
CommonStockIssuance113.45M10.44M0.004.40K
NetIssuancePaymentsOfDebt1.74M154.89K6.33M0.00
NetShortTermDebtIssuance70.00K0.00
ShortTermDebtPayments-449.00K0.00
ShortTermDebtIssuance519.00K0.00
NetLongTermDebtIssuance1.74M154.89K6.33M0.00
LongTermDebtPayments-3.10M-3.91M-628.52K0.00
LongTermDebtIssuance4.84M4.07M6.96M0.00
InvestingCashFlow-10.32M-4.91K-4.06M-258.73K
CashFlowFromContinuingInvestingActivities-10.32M-4.91K-4.06M-258.73K
NetOtherInvestingChanges-65.58K-416.01K-96.65K
NetPPEPurchaseAndSale-10.25M-4.91K-3.64M-162.09K
PurchaseOfPPE-10.25M-4.91K-3.64M-162.09K
OperatingCashFlow-21.54M-15.97M-21.40M-10.71M
CashFlowFromContinuingOperatingActivities-21.54M-15.97M-21.40M-10.71M
ChangeInWorkingCapital884.68K1.34M-410.20K-138.27K
ChangeInOtherWorkingCapital20.10K
ChangeInOtherCurrentLiabilities45.94K-49.66K-24.64K0.00
ChangeInOtherCurrentAssets0.0011.16K-11.16K
ChangeInPayablesAndAccruedExpense1.35M2.12M-136.84K336.31K
ChangeInAccruedExpense477.16K228.02K37.43K0.00
ChangeInPayable872.25K1.89M-174.28K336.31K
ChangeInAccountPayable872.25K1.89M-174.28K336.31K
ChangeInPrepaidAssets-719.90K-595.63K-81.34K0.00
ChangeInInventory464.64K-156.09K-154.84K-463.42K
ChangeInReceivables-275.49K20.74K-23.70K0.00
ChangesInAccountReceivables-83.85K20.74K-23.70K0.00
OtherNonCashItems1.68M1.81M13.60K
StockBasedCompensation14.55M544.38K195.06K8.71K
AssetImpairmentCharge0.001.47M0.00
DepreciationAmortizationDepletion309.71K1.86M388.14K42.47K
DepreciationAndAmortization309.71K1.86M388.14K42.47K
Depreciation309.71K1.86M388.14K42.47K
OperatingGainsLosses221.56K1.82M265.74K11.04M
GainLossOnInvestmentSecurities221.56K1.82M265.74K11.04M
NetIncomeFromContinuingOperations-39.19M-24.81M-21.86M-21.67M
SEC Filings

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

Public Trades for SERV
Date User Asset Broker Type Position Size Entry Price Patterns