Serve Robotics (NASDAQ:SERV) Announces Earnings Results

Serve Robotics (NASDAQ:SERV) announced its quarterly earnings results on Wednesday. The company reported ($0.46) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.49) by $0.03, Zacks reports. The business had revenue of $0.88 million for the quarter, compared to analyst estimates of $0.77 million. Serve Robotics had a negative return on equity of 43.36% and a negative net margin of 3,821.98%.

Here are the key takeaways from Serve Robotics’ conference call:

• Serve activated a fleet of 2,000 robots across 20 cities (nearly 1,000 deployed in Q4) while maintaining a 99.8% delivery completion rate, which management frames as proof the technology works at scale.
• Q4 revenue was $0.9M (≈400% YoY) and full-year 2025 revenue was $2.7M, and management raised 2026 revenue guidance to approximately $26M, citing acquisitions and expanded deployments as drivers.
• Serve completed four strategic acquisitions (Phantom Auto, Vayu, Diligent Robotics, Weebo) to build a cross-domain data and autonomy platform that the company says strengthens its “flywheel” by adding indoor hospital data, connectivity, model-building, and partner channels.
• Despite top-line growth, GAAP operating expenses were $34.3M in Q4 and adjusted EBITDA was negative about $28M; management projects 2026 non‑GAAP operating expenses of $160M–$170M, signaling continued heavy spending and cash burn even with $260M in cash and marketable securities.
• Monetization is diversifying — advertising/branding grew 50% YoY in Q4, software/data revenue began in Q4 with ~70% of software recurring, and Diligent’s hospital contracts are expected to contribute roughly $7M in 2026 recurring revenue.

Serve Robotics Stock Performance

Shares of Serve Robotics stock opened at $9.60 on Friday. Serve Robotics has a fifty-two week low of $4.66 and a fifty-two week high of $18.64. The company has a fifty day moving average of $11.33 and a 200 day moving average of $11.64. The company has a market capitalization of $715.01 million, a P/E ratio of -6.04 and a beta of 0.90.

Analyst Upgrades and Downgrades

SERV has been the topic of a number of research reports. Oppenheimer initiated coverage on shares of Serve Robotics in a research report on Thursday, December 18th. They set an “outperform” rating and a $20.00 target price on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Serve Robotics in a research note on Monday, November 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Serve Robotics in a research report on Monday, December 29th. Northland Securities reiterated an “outperform” rating and set a $26.00 price target on shares of Serve Robotics in a report on Friday, January 2nd. Finally, LADENBURG THALM/SH SH upgraded shares of Serve Robotics to a “strong-buy” rating in a report on Thursday, December 18th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Serve Robotics currently has an average rating of “Buy” and a consensus target price of $18.80.

Insider Buying and Selling at Serve Robotics

In other news, COO Touraj Parang sold 3,922 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $9.72, for a total value of $38,121.84. Following the transaction, the chief operating officer owned 1,316,205 shares of the company’s stock, valued at $12,793,512.60. This represents a 0.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian Read sold 3,185 shares of Serve Robotics stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $10.33, for a total transaction of $32,901.05. Following the completion of the transaction, the chief financial officer directly owned 325,856 shares in the company, valued at approximately $3,366,092.48. The trade was a 0.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 97,040 shares of company stock worth $1,092,355 over the last 90 days. Company insiders own 5.50% of the company’s stock.

Institutional Trading of Serve Robotics

Institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its holdings in Serve Robotics by 280.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 297,138 shares of the company’s stock valued at $1,709,000 after buying an additional 219,018 shares in the last quarter. Creative Planning raised its position in Serve Robotics by 25.9% during the second quarter. Creative Planning now owns 12,923 shares of the company’s stock valued at $148,000 after acquiring an additional 2,655 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Serve Robotics by 294.3% in the second quarter. JPMorgan Chase & Co. now owns 29,905 shares of the company’s stock worth $342,000 after buying an additional 22,320 shares during the last quarter. Rhumbline Advisers acquired a new position in Serve Robotics in the second quarter valued at about $767,000. Finally, American Century Companies Inc. bought a new stake in shares of Serve Robotics during the second quarter worth approximately $122,000.

About Serve Robotics

Serve Robotics develops and operates autonomous sidewalk delivery robots designed to transform last-mile logistics for restaurants, retailers and grocery brands. By combining proprietary hardware, sensor suites and dispatch software, the company enables on-demand deliveries of food, beverages and consumer goods while minimizing reliance on traditional vehicle fleets.

The core Serve robot integrates four-wheeled mobility, LiDAR and vision cameras with AI-driven navigation algorithms to detect obstacles, traverse urban sidewalks and interact safely with pedestrians.