Serve Robotics Inc.

NasdaqCM:SERV Stock Report

Market Cap: US$740.3m

Serve Robotics Future Growth

Future criteria checks 2/6

Serve Robotics's earnings are forecast to decline at 5.1% per annum while its annual revenue is expected to grow at 46.6% per year. EPS is expected to grow by 3.8% per annum. Return on equity is forecast to be -43.6% in 3 years.

Key information

-5.1%

Earnings growth rate

3.82%

EPS growth rate

Hospitality earnings growth18.0%
Revenue growth rate46.6%
Future return on equity-43.60%
Analyst coverage

Good

Last updated20 Apr 2026

Recent future growth updates

Recent updates

Seeking Alpha • Mar 16

Serve Robotics: The Robots Are Scaling, The Economics Aren't

Summary Serve Robotics expanded robot deployments and partnerships, but monetization and utilization lag significantly behind operational growth. SERV reported $2.7M in 2025 revenue and guided for $26M in 2026, yet operating losses and cash burn continue to accelerate. Despite ambitious revenue targets and acquisitions, SERV's revenue per robot is declining, and full fleet utilization remains a distant goal. I maintain a Hold rating due to persistent losses, dilution risk, and unresolved questions about the business model's long-term economics. Read the full article on Seeking Alpha
Seeking Alpha • Apr 29

Serve Robotics: Too Early To Invest, But Some Investors Might Like To Keep An Eye On It

Summary Serve Robotics has significantly pulled back in price after peak hype from a few months ago. I believe that SERV's business model is challenging to scale and risky, but the company has responsibly raised a large amount of funds, maintaining a strong cash balance. Despite significant operating losses and modest revenue, SERV's aggressive robot deployment plan with Uber Eats could drive substantial revenue growth if executed flawlessly. SERV is not yet a solid investment, but may be a worthwhile speculative gamble due to its strong cash balance and potential for hype-driven price increases. Read the full article on Seeking Alpha
Seeking Alpha • Mar 19

Serve Robotics: Intriguing After The Reset

Summary Serve Robotics faces significant expansion challenges, aiming to grow from 50 to 2,000 delivery robots by year-end, with revenues lagging behind expectations. SERV stock has dropped to $7, presenting a more appealing entry point, despite anticipated volatility and potential revenue disappointments in the short term. The company raised $80 million, boosting its cash reserves to over $200 million, but must improve robot productivity and manage escalating costs. Investors should consider buying shares now, but be prepared for a bumpy ride as Serve Robotics scales operations and strives to meet aggressive financial targets. Read the full article on Seeking Alpha
Seeking Alpha • Dec 12

Serve Robotics: Let The Robots Cool Off

Summary Serve Robotics Inc. plans to deploy 2,000 delivery robots by the end of 2025, but faces significant risks in scaling from 75 robots in Q3. The company only has a small revenue base of $0.2 million in the last quarter, with a goal of growing to $60+ million by 2026. The stock trades at 10x the 2026 revenue target, posing downside risks if the company fails to ramp up as expected. Investors should consider buying on dips, as the current market price may be overestimating Serve Robotics' ability to execute flawlessly. Read the full article on Seeking Alpha
Seeking Alpha • Sep 27

Serve Robotics: Dilution Likely, Stay Clear

Summary Serve Robotics faces significant challenges in scaling operations and achieving profitability due to unproven technology, high costs, and intense competition. Uber and Nvidia's investments are superficial and do not indicate meaningful support or confidence in Serve Robotics' success. The company's current unit economics are unfavorable, with high manufacturing costs and low productivity undermining the business model's viability. Serve Robotics' reliance on equity dilution for funding, coupled with uncertain commercial uptake, makes it a highly speculative and risky investment. Read the full article on Seeking Alpha
Seeking Alpha • Jul 20

Serve Robotics Served Up A Big Nothingburger

Summary Serve Robotics stock surged 187.1% after NVIDIA disclosed an ownership stake. NVIDIA acquired shares through a series of transactions, not a recent purchase. Serve Robotics' food delivery robots could have great potential, but financials show significant losses and cash flow issues. Add on top of this the prospect of meaningful shareholder dilution just to get to market, and there are better opportunities that can be had. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NasdaqCM:SERV - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2028133-161-178-1094
12/31/202776-165-183-1277
12/31/202626-188-188-1517
12/31/20253-101-118-80N/A
9/30/20252-80-83-57N/A
6/30/20251-55-57-37N/A
3/31/20251-43-41-27N/A
12/31/20242-39-32-22N/A
9/30/20242-33-24-19N/A
6/30/20242-33-20-19N/A
3/31/20241-29-16-16N/A
12/31/20230-25-16-16N/A
9/30/20230-25-20-17N/A
6/30/20230-23-18-14N/A
3/31/20230-23-23-20N/A
12/31/20220-22-25-21N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SERV is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: SERV is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: SERV is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: SERV's revenue (46.6% per year) is forecast to grow faster than the US market (11.4% per year).

High Growth Revenue: SERV's revenue (46.6% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SERV is forecast to be unprofitable in 3 years.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 17:43
End of Day Share Price 2026/05/07 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

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Analyst Sources

Serve Robotics Inc. is covered by 8 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Rommel DionisioAegis Capital Corporation
Andres Sheppard-SlingerCantor Fitzgerald & Co.
Dmitriy PozdnyakovFreedom Broker