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Profile & Fundamentals
Serve Robotics (SERV.NASDAQ) Profile & Fundamentals
Review Serve Robotics reported earnings, valuation, balance sheet and ownership, with source tables and separate AI assessments.
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Company and Market Context
Serve Robotics: Company Profile & Ownership
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 based in San Carlos, California.
Company profile record
Serve Robotics Inc. Common Stock
Common Stock · Industrials · Industrial Machinery & Supplies & Components
Company
- Company / asset
- Serve Robotics Inc. Common Stock
- Security type
- Common Stock
- Sector
- Industrials
- Industry
- Industrial Machinery & Supplies & Components
- HQ
- 🇺🇸 United States
- Head office
- 1360 Bayport Avenue, San Carlos, CA, United States, 94070
Leadership & scale
- Chief executive
- Dr. Ali Kashani Ph.D.
- CEO year born
- 1985
- Full-time employees
- 370
- Fiscal year end
- December
- IPO date
- 2024-03-07
Fundamentals snapshot
- Market Cap
- USD 270.4M
- P/E
- --
- Revenue (Q3 26)
- USD 2.8M
- Profit (Q3 26)
- USD -59.2M
- Dividend Yield
- --
- Revenue (FY 25)
- USD 2.7M
- Shares in public float
- 83.8M
- Insider ownership
- 6.1%
Reporting & identifiers
- Symbol
- SERV.NASDAQ
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US81758H1068
- Asset ID
- equity_ef7c9957-bef7-59ee-ae9e-8438347c031e
Serve Robotics: Ownership
Shares Outstanding
Latest: 86.9M | Max: 86.9M | Min: 5.0M
Latest reported ownership snapshot
Float Shares
96.40%
83.8M latest reported shares
Insider Ownership
6.10%
Latest reported insider stake
Short Float
0.37%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2020-01-01 | 5,000,000 |
| 2021-01-01 | 5,000,000 |
| 2022-01-01 | 36,940,900 |
| 2023-01-01 | 36,940,900 |
| 2024-01-01 | 36,658,800 |
| 2025-01-01 | 73,829,700 |
| 2026-01-01 | 86,934,400 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 6,040,854 | 6.97% | 2026-06-30 |
| Vanguard Capital Management, LLC | 2,931,905 | 3.38% | 2026-06-30 |
| State Street Corp | 2,456,658 | 2.83% | 2026-06-30 |
| Vanguard MStar Total Stk Mkt Idx Invest | 2,163,769 | 2.47% | 2026-09-30 |
| iShares Russell 2000 ETF | 1,865,129 | 2.13% | 2026-10-30 |
| Robo Global® Robotics&Automation ETF | 1,834,280 | 2.09% | 2026-10-30 |
| Geode Capital Management, LLC | 1,755,095 | 2.02% | 2026-06-30 |
| L&G ROBO Global Rbtc and Atmtn ETF | 1,588,053 | 1.81% | 2026-10-30 |
| Susquehanna International Group, LLP | 1,541,027 | 1.78% | 2026-06-30 |
| Exchange Traded Concepts, LLC | 1,522,616 | 1.76% | 2026-06-30 |
| Legal & General Group PLC | 1,371,454 | 1.58% | 2026-06-30 |
| First Trust Advisors L.P. | 1,167,709 | 1.35% | 2026-06-30 |
| Stt Strt®SPDR®S&PKenshoNwEcosComposETF | 939,427 | 1.07% | 2026-10-30 |
| Morgan Stanley - Brokerage Accounts | 857,318 | 0.99% | 2026-06-30 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 815,926 | 0.94% | 2026-06-30 |
Serve Robotics: Earnings, Profitability & Valuation
Latest Financials Filed On
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
The headline numbers show rapid sales growth that conceals alarming operational cash destruction. While second-quarter 2026 revenue rose to $3.24 million, pushing trailing twelve-month revenue to $7.79 million, trailing net losses exploded to $180 million. The company is spending heavily on engineering and field operations to support minimal sales, resulting in over twenty dollars of cash burned for every single dollar collected from deliveries. This gap widened sharply after management slashed full-year 2026 revenue guidance from $26 million to between $9 million and $10 million due to falling delivery orders from its primary platform partner. Growing order volume currently deepens financial losses rather than creating business scale.
The headline numbers show rapid sales growth that conceals alarming operational cash destruction. While second-quarter 2026 revenue rose to $3.24 million, pushing trailing twelve-month revenue to $7.79 million, trailing net losses exploded to $180 million. The company is spending heavily on engineering and field operations to support minimal sales, resulting in over twenty dollars of cash burned for every single dollar collected from deliveries. This gap widened sharply after management slashed full-year 2026 revenue guidance from $26 million to between $9 million and $10 million due to falling delivery orders from its primary platform partner. Growing order volume currently deepens financial losses rather than creating business scale.
Revenue, Net Income, and Free Cash Flow
Latest: USD 2.7M | Max: USD 2.7M | Min: USD -117.6M
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: --
No history available.
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability remains severely broken across every financial measure. Gross margins sit deep in negative territory, worse than negative 250%, because paying remote human workers to supervise robots, retrieve stuck machines, and replace batteries costs far more than the delivery fees charged to restaurants. Operating margins remain deeply submerged below negative 300%. These losses are structural rather than temporary. Sidewalk rovers cannot cut costs until computers can steer them without human intervention. While high-margin advertising and hospital contracts offer slight relief, the delivery business continues to lose substantial money on every drop-off.
Profitability remains severely broken across every financial measure. Gross margins sit deep in negative territory, worse than negative 250%, because paying remote human workers to supervise robots, retrieve stuck machines, and replace batteries costs far more than the delivery fees charged to restaurants. Operating margins remain deeply submerged below negative 300%. These losses are structural rather than temporary. Sidewalk rovers cannot cut costs until computers can steer them without human intervention. While high-margin advertising and hospital contracts offer slight relief, the delivery business continues to lose substantial money on every drop-off.
Profitability Margins
Latest: <-100.0% | Max: -4.1% | Min: <-100.0%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
-580.2%
Gross profit / revenue
Operating Margin
-4253.8%
Operating income / revenue
Net Margin
-3823.5%
Net income / revenue
FCF Margin
-4435.1%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2021-12-31 | 0 | -21,665,518 | -10,871,535 |
| 2022-12-31 | 107,819 | -21,855,127 | -25,047,736 |
| 2023-12-31 | 207,545 | -24,813,736 | -15,975,792 |
| 2024-12-31 | 1,812,483 | -39,191,052 | -31,794,638 |
| 2025-12-31 | 2,651,000 | -101,361,000 | -117,574,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
No reported records are available in this preview.
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2021-12-31 | Not reported | Not reported | Not reported | Not reported |
| 2022-12-31 | -965.14 | -19,433.54 | -20,270.2 | -23,231.28 |
| 2023-12-31 | -733.68 | -9,987.04 | -11,955.83 | -7,697.51 |
| 2024-12-31 | -4.15 | -2,112.51 | -2,162.29 | -1,754.2 |
| 2025-12-31 | -580.23 | -4,253.83 | -3,823.5 | -4,435.08 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Snapshot retrieved 2026-11-10.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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