Symbols / SERV Stock $9.22 -1.07% Serve Robotics Inc.

Industrials • Specialty Industrial Machinery • United States • NCM
SERV (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Industrials
Industry Specialty Industrial Machinery
CEO Dr. Ali Kashani Ph.D.
Exch · Country NCM · United States
Market Cap 697.86M
Enterprise Value 469.28M
Income -101.36M
Sales 2.65M
FCF (ttm) -77.64M
Book/sh 4.69
Cash/sh 3.09
Employees 370
Insider 10d —
IPO Mar 08, 2024
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E -5.75
PEG —
P/S 263.25
P/B 1.96
P/C —
EV/EBITDA -4.44
EV/Sales 177.02
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%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-07
Earnings (prior) 2026-03-11
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 62.86M
Insider Own 8.40%
Instit Own 40.13%
Short Float 29.17%
Short Ratio 6.09
Short Interest 21.20M
52W High 18.64
vs 52W High -50.54%
52W Low 5.87
vs 52W Low 57.07%
Beta 3.86
Impl. Vol. 1.05%
Rel Volume 0.63
Avg Volume 4.09M
Volume 2.57M
Target (mean) $18.25
Tgt Median $17.00
Tgt Low $13.00
Tgt High $26.00
# Analysts 8
Recom Strong_buy
Prev Close $9.32
Price $9.22
Change -1.07%
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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$18.25
Mean price target
2. Current target
$9.22
Latest analyst target
3. DCF / Fair value
$-18.46
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$9.22
Low
$13.00
High
$26.00
Mean
$18.25

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-20 init Guggenheim — → Buy $13
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
2026-04-08 READ BRIAN Chief Financial Officer — 200 $8.62 $1,724
2026-04-08 KASHANI ALI Chief Executive Officer — 14,541 $8.62 $125,343
2026-04-08 PARANG TOURAJ President — 3,861 $8.62 $33,282
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
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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