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Serve Robotics Inc. (SERV) stock

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NASDAQ: SERV Nasdaq Electronic Equipment & Instruments Next results ~November 5, 2026

D Fundamentals grade

Serve Robotics Inc. is a US-listed company in the electronic equipment & instruments industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: every model's value for Serve Robotics Inc. is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.

Price vs value

Under review: free cash flow after stock pay is not positive. We'll show the comparison once resolved.

Serve Robotics Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 7 selling0 purchases and 68 sales by directors and officers, last 12 monthsInsider trades
  • Funds126 adding, 83 cuttingOf 22 active managers that changed their stake, 10 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Serve Robotics files

Where Serve Robotics stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $8m, up 426.4% on a year earlier, faster than the 297.8% growth a quarter earlier. That growth ranks 1 of 41 among the electronic equipment & instruments companies we cover. Free-cash-flow margin rose to -2179.5% from -3790.5% a year earlier. Operating margin widened to -2476.8% from -4031.9%. The diluted share count is up 43.9% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 2 financial-health checks.

Our model value for Serve Robotics is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Serve Robotics Inc.'s trailing-twelve-month revenue grew 426.4% year on year, with a free-cash-flow margin of -2179.5%. Where it stands out: change in growth rate of +128.6pp ranks 1 of 53 electronic equipment & instruments companies we cover. Where it lags: gross margin of -370.1% ranks 48 of 48 electronic equipment & instruments companies we cover.

Current signal Revenue growth accelerating: TTM revenue growth rose to 426.4% (+128.6pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 426.4% over the last 12 months, against a median of 9.8% for electronic equipment & instruments companies we cover.
  • Growth speeding up. The growth rate is 128.6 points higher than a quarter earlier.
  • Margins widening. Operating margin is up 1555.1 points on a year ago.
  • Net cash. Cash exceeds long-term debt by $0.1bn.

Things to watch

  • Loss-making. Operating margin is -2476.8%: costs exceed revenue.
  • Burning cash. Free cash flow was -2179.5% of revenue over the last 12 months.
  • Heavy stock-based pay. Stock pay equals 449.4% of revenue, against a median of 3.0% for electronic equipment & instruments companies we cover: a real cost that cash-flow figures leave out.
  • Share dilution. Diluted shares rose 43.9% in a year.
  • High sales multiple. The shares trade at 23 times revenue while operating margins remain thin.
  • Volatile shares. Over the past year the shares showed annualised volatility of 80% and a beta of 3.5 against the S&P 500.

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
-$0.59 against an average estimate of -$0.59: beat by 0.0%
Revenue
$3m, up 404.4% on a year earlier
Share reaction
+3.4% in the first session after the results on October 5, 2026, against +1.2% for the S&P 500
Next report
November 5, 2026; average EPS estimate -$0.65

Serve Robotics' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-3.5%
  • 1 week-4.9%
  • 1 month-45.6%
  • This year-75.8%
  • 1 year-81.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$7.8M
Operating margin
-2476.8%
Net margin
-2315.8%
EPS (TTM, diluted)
$-2.48

Growth

Revenue growth
+426.4%
Change in growth rate
+128.6 pts
Share count change
+43.9%

Cash

Free cash flow (TTM)
-$170M
FCF margin
-2179.5%
Stock pay % of revenue
449.4%

Earnings

Last results
October 5, 2026
Next results (est.)
January 4, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Announcement
  3. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Serve Robotics Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: free cash flow after stock pay is not positive.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Serve Robotics Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.7%: the 10-year Treasury yield (4.9%) plus a beta of 1.06 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: This model is withheld pending its input or assumption review.
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: This model is withheld pending its input or assumption review.
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.0 ~$0.1–$0.5 Left out: out of range vs price (0.02x)
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Serve Robotics Inc. with Electronic Equipment & Instruments in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20242025Now
Share price$13.50$10.38$2.51
Market value$495m$647m$183m
+ Net debt (− = net cash)−$123m−$106m−$79m
Enterprise value$372m$540m$103m
Multiples
Price / sales n/mn/m23.4x
Price / earnings ———
Price / free cash flow ———
EV / EBITDA ———

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, after the close. Analysts expect revenue of $2m and EPS of −$0.65 (range −$0.65 to −$0.65) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$2.35 −101% $10m +266%
Next −$1.92 +19% $32m +227%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +6.1% on 90 days ago. In the last 30 days, 1 analyst raised Serve Robotics Inc.'s forecast and 2 cut it.

Consensus EPS forecast Serve Robotics Inc., last 90 days
−$3.00 −$2.00 −$1.00 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$2.21 Current fiscal year, 60 days ago: −$2.11 Current fiscal year, 30 days ago: −$2.11 Current fiscal year, 7 days ago: −$2.11 Current fiscal year, Now: −$2.35 −$2.35 Next fiscal year, 90 days ago: −$1.80 Next fiscal year, 60 days ago: −$1.75 Next fiscal year, 30 days ago: −$1.75 Next fiscal year, 7 days ago: −$1.75 Next fiscal year, Now: −$1.92 −$1.92

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$2.21−$1.80
60 days ago −$2.11−$1.75
30 days ago −$2.11−$1.75
7 days ago −$2.11−$1.75
Now −$2.35−$1.92

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.59 −$0.59 0.0%
Mar 2026 −$0.51 −$0.50 +1.3%
Dec 2025 −$0.44 −$0.34 +22.1%
Sept 2025 −$0.26 −$0.40 −53.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

8 analysts, Oct 2026
Buy788%
Hold113%
Sell00%

Monthly trend

  1. Oct 2026718
  2. Sep 2026718

Counts of recommendations published by analysts covering Serve Robotics Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
37.5%
of tradable shares
Days to cover
10.17
at average volume
Short interest, 1 month
−3%
to October 15, 2026
Held by institutions
44%
of shares
Held by insiders
6.1%
of shares
Employees
370
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months −81.0%

$13.23 on October 31, 2025 to $2.51

ThenNowEffect
Revenue (last 12 months) $1m $8m +426.4%
P/S multiple n/m 23.4x −94.8%
Share count 51m 73m −30.5%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 20252026 to date
Return
SERV−23%−76%
Industry peers (median)−5%−15%
S&P 500+18%+11%
Months that ended higher
SERV58%27%
S&P 50075%46%
Largest fall from a high during the year
SERV−78%−84%
S&P 500−19%−9%

Worst fall since March 8, 2024: 92% from March 8, 2024 to June 26, 2024. Getting back needed a 1208% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$2.51 – $15.41
From 52-week high
−83.7%
vs 50-day average
−39.2%
vs 200-day average
−65.2%
Volatility (1 year)
80%
Beta vs S&P 500
3.50

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 7 down
typical move ±8.8%
After a week
2 up, 9 down
typical move ±15.7%
After a month
4 up, 6 down
typical move ±31.2%
Results releasedNext dayS&P 500 next day5 days21 days
October 5, 2026 +3.4% +1.2% −15.2% —
August 6, 2026 −10.2% +0.5% −12.7% −12.6%
May 7, 2026 −8.5% +0.5% −8.8% −20.6%
March 11, 2026 −0.7% −1.6% −2.5% −14.6%
November 12, 2025 −8.8% −1.6% −12.8% +17.4%
August 7, 2025 +0.3% +0.7% −2.5% +0.6%
May 8, 2025 +24.5% +0.6% +56.8% +109.8%
March 6, 2025 −10.3% −1.2% −15.2% −37.0%
November 7, 2024 −10.4% +1.2% −22.2% +18.7%
August 13, 2024 +1.4% +2.0% +0.2% −34.5%
May 15, 2024 −17.9% +1.0% −24.2% −46.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Serve Robotics Inc. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Serve Robotics Inc.
$0 $2M $4M $6M $8M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $212K Revenue (TTM), FY23 Q4: $207.5K Revenue (TTM), FY24 Q1: $1.1M Revenue (TTM), FY24 Q2: $1.5M Revenue (TTM), FY24 Q3: $1.7M Revenue (TTM), FY24 Q4: $1.8M Revenue (TTM), FY25 Q1: $1.3M Revenue (TTM), FY25 Q2: $1.5M Revenue (TTM), FY25 Q3: $1.9M Revenue (TTM), FY25 Q4: $2.7M Revenue (TTM), FY26 Q1: $5.2M Revenue (TTM), FY26 Q2: $7.8M $7.8M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $212K
FY23 Q4 $207.5K
FY24 Q1 $1.1M
FY24 Q2 $1.5M
FY24 Q3 $1.7M
FY24 Q4 $1.8M
FY25 Q1 $1.3M
FY25 Q2 $1.5M
FY25 Q3 $1.9M
FY25 Q4 $2.7M
FY26 Q1 $5.2M
FY26 Q2 $7.8M
Revenue growth, TTM YoY Serve Robotics Inc.
-200% 0% 200% 400% 600% 800% FY24 Q2 FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 Revenue growth, TTM YoY, FY24 Q2: 731.9% Revenue growth, TTM YoY, FY24 Q3: 692.3% Revenue growth, TTM YoY, FY24 Q4: 773.4% Revenue growth, TTM YoY, FY25 Q1: 17.2% Revenue growth, TTM YoY, FY25 Q2: -2.6% Revenue growth, TTM YoY, FY25 Q3: 15.8% Revenue growth, TTM YoY, FY25 Q4: 46.2% Revenue growth, TTM YoY, FY26 Q1: 297.8% Revenue growth, TTM YoY, FY26 Q2: 426.4% 426.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q2 731.9%
FY24 Q3 692.3%
FY24 Q4 773.4%
FY25 Q1 17.2%
FY25 Q2 -2.6%
FY25 Q3 15.8%
FY25 Q4 46.2%
FY26 Q1 297.8%
FY26 Q2 426.4%
Operating margin (TTM) Serve Robotics Inc.
-10000% -5000% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -9579.1% Operating margin (TTM), FY23 Q4: -9987.0% Operating margin (TTM), FY24 Q1: -2173.4% Operating margin (TTM), FY24 Q2: -1885.9% Operating margin (TTM), FY24 Q3: -1877.6% Operating margin (TTM), FY24 Q4: -2112.3% Operating margin (TTM), FY25 Q1: -3490.4% Operating margin (TTM), FY25 Q2: -4031.9% Operating margin (TTM), FY25 Q3: -4423.8% Operating margin (TTM), FY25 Q4: -4253.8% Operating margin (TTM), FY26 Q1: -2878.6% Operating margin (TTM), FY26 Q2: -2476.8% -2476.8%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -9579.1%
FY23 Q4 -9987.0%
FY24 Q1 -2173.4%
FY24 Q2 -1885.9%
FY24 Q3 -1877.6%
FY24 Q4 -2112.3%
FY25 Q1 -3490.4%
FY25 Q2 -4031.9%
FY25 Q3 -4423.8%
FY25 Q4 -4253.8%
FY26 Q1 -2878.6%
FY26 Q2 -2476.8%
FCF margin (TTM) Serve Robotics Inc.
-6000% -4000% -2000% 0% FY24 Q2 FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 FCF margin (TTM), FY24 Q2: -1316.0% FCF margin (TTM), FY24 Q3: -1450.1% FCF margin (TTM), FY24 Q4: -1753.9% FCF margin (TTM), FY25 Q1: -3111.5% FCF margin (TTM), FY25 Q2: -3790.5% FCF margin (TTM), FY25 Q3: -4244.3% FCF margin (TTM), FY25 Q4: -4435.1% FCF margin (TTM), FY26 Q1: -2839.6% FCF margin (TTM), FY26 Q2: -2179.5% -2179.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q2 -1316.0%
FY24 Q3 -1450.1%
FY24 Q4 -1753.9%
FY25 Q1 -3111.5%
FY25 Q2 -3790.5%
FY25 Q3 -4244.3%
FY25 Q4 -4435.1%
FY26 Q1 -2839.6%
FY26 Q2 -2179.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 0 0 2 3 8
Gross profit −1 −2 −0 −15 −29
EBITDA −21 −19 −38 −105 −177
Operating income −21 −21 −38 −113 −193
Net income −22 −25 −39 −101 −180
Diluted EPS −$1.58 −$1.75 −$1.07 −$1.63 −$2.48
Growth (year on year)
Revenue — +92.5% +773.5% +46.2% +426.4%
Margins
Gross margin −965.1% −733.7% −4.1% −580.2% −370.1%
EBITDA margin <−999% <−999% <−999% <−999% <−999%
Operating margin <−999% <−999% <−999% <−999% <−999%
Net margin <−999% <−999% <−999% <−999% <−999%
Free-cash-flow margin <−999% <−999% <−999% <−999% <−999%
Cash flow
Cash from operations −21 −16 −22 −80 −140
Capital spending 4 0 10 37 30
Free cash flow −25 −16 −32 −118 −170
Stock-based pay 0 1 15 21 35
Free cash flow after stock pay −25 −17 −46 −139 −205
Balance sheet
Cash 3 0 123 106 79
Total debt 2 1 0 0 0
Net debt (negative = net cash) −1 1 −123 −106 −79
Diluted shares 14m 14m 37m 62m 73m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · June 30, 2026
What it owns · $379m
Short-term assets $247mLonger-term assets $131m
What it owes, and who funded it · $379m
Short-term liabilities $19mLonger-term liabilities $8mShareholders' equity $352m
  • Short-term assets cover short-term liabilities $247m of assets due within a year against $19m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $247m short-term assets against $8m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Serve Robotics Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+43.9%
year over year
R&D spending
880.3%
of revenue
Days sales outstanding
135 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in electronic equipment & instruments
Last 12 months unless stated SERV WFF MSAI VUZI WATT MVIS Median
Revenue, last 12 months $8m $7m $6m $6m $10m $5m $104m
Revenue growth, last 12 months 426.4% 61.9% 12.2% 6.8% 430.5% 90.9% 9.8%
Revenue growth, 3-year average 249.4% — — −27.0% 157.2% 32.6% 7.2%
Revenue growth, latest quarter 404.4% — 19.5% −14.1% 216.8% 895.9% 16.5%
Gross margin −370.1% 31.9% — −17.9% 26.6% −276.2% 38.5%
Operating margin <−999% −20.5% −147.8% −521.9% −82.6% <−999% −7.3%
Operating margin, 3-year average <−999% — −265.1% −847.9% <−999% <−999% −5.1%
Net margin <−999% −64.4% −141.7% −519.0% −76.4% <−999% −5.3%
Cash from operations / revenue <−999% −32.9% −129.5% −384.2% −150.0% <−999% −1.6%
Free-cash-flow margin <−999% −36.7% −146.6% −416.1% −153.1% <−999% −2.5%
Free-cash-flow margin, 3-year average <−999% — −206.7% −423.7% <−999% <−999% 3.7%
Stock pay / revenue 449.4% — 11.2% 49.0% 1.8% 37.8% 3.0%
Change in share count 43.9% 7.3% — 10.2% 63.2% 24.3% 1.9%

Median of all 53 companies we cover in electronic equipment & instruments. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

53 electronic equipment & instruments companies
Measure Company Peer median Rank
Revenue growth Growth 426.4% 9.8% 2 of 53
Change in growth rate Growth +128.6pp +2.3pp 1 of 53
Gross margin Profitability -370.1% 39.7% 48 of 48
Operating margin Profitability -2476.8% -7.3% 52 of 53
Net margin Profitability -2315.8% -5.3% 52 of 53
Free-cash-flow margin Cash generation -2179.5% -2.1% 51 of 52
Stock pay as % of revenue Cash generation 449.4% 3.0% 48 of 49
Change in share count Balance sheet 43.9% 1.9% 42 of 46
Days sales outstanding Balance sheet 135 days 68 days 47 of 52

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Fleet Services $1.6M 61.2% ▲ 158.7%
Software Services $1M 38.8% ▼ 13.2%

From Serve Robotics Inc.'s 10-K filed March 12, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$213M
Institutions reporting
194
Shares held vs prior quarter
▲ 3.8%
Positions opened / closed
50 / 50

Top buyers and sellers, Q2 2026: 126 institutions bought and 83 sold ; the biggest buyer was Blackrock, Inc (+1.2M shares) and the biggest seller Ameriprise Financial Inc (−786K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $39.7M 6.0M 18.6% ▲ 24.5%
Vanguard Capital Management LLC $19.3M 2.9M 9.0% ▲ 5.8%
State Street Corp $16.2M 2.5M 7.6% ▲ 90.7%
Geode Capital Management, LLC $11.6M 1.8M 5.4% ▲ 13.5%
Susquehanna International Group, LLP $10.1M 1.5M 4.8% ▲ 84.6%
Exchange Traded Concepts, LLC $10M 1.5M 4.7% ▼ 4.7%
Legal & General Group PLC $8.4M 1.4M 3.9% ▲ 23.8%
First Trust Advisors LP $7.7M 1.2M 3.6% ▲ 21.8%
Morgan Stanley $5.6M 857K 2.6% ▲ 24.8%
Mirae Asset Global Etfs Holdings Ltd. $5.3M 816K 2.5% ▲ 1.9%
Captrust Financial Advisors $5.2M 788K 2.4% ▲ 3.6%
UBS Group AG $4.6M 695K 2.1% ▲ 44.3%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Serve Robotics Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $4.2M 68 trades by 7 insiders · 4% under pre-set plans
Net ▼ $4.2M net selling
Insider Date Trade Shares Price Value
Read Brian Chief Financial Officer August 19, 2026 Sell 9,700 $4.80 $46,560
Kashani Ali Chief Executive Officer August 18, 2026 Sell 45,158 $4.56 $205,920
Parang Touraj President & COO August 18, 2026 Sell 18,183 $4.53 $82,369
Parang Touraj President & COO August 18, 2026 Sell 19,810 $4.56 $90,334
Read Brian Chief Financial Officer August 18, 2026 Sell 6,129 $4.56 $27,948
Read Brian Chief Financial Officer August 17, 2026 Sell 25,240 $5.24 $132,258
Goldberg David Michael Director June 16, 2026 Sell pre-set plan 10,600 $7.20 $76,320
Kashani Ali Chief Executive Officer June 10, 2026 Sell 15,885 $7.24 $115,007
Parang Touraj President & COO June 10, 2026 Sell 4,219 $7.24 $30,546
Read Brian Chief Financial Officer June 10, 2026 Sell 1,496 $7.24 $10,831
Kashani Ali Chief Executive Officer May 7, 2026 Sell 14,644 $9.26 $135,603
Parang Touraj President & COO May 7, 2026 Sell 3,888 $9.26 $36,003

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around January 4, 2027 estimated from the company's past filing pattern, not announced

  • October 5, 2026
  • August 6, 2026
  • May 7, 2026
  • March 11, 2026
  • November 12, 2025
  • August 7, 2025

Recent SEC filings

Data status

When each part of this page on Serve Robotics Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Serve Robotics Inc. in brief

What does Serve Robotics Inc. do?
Serve Robotics Inc. is a US-listed company in the electronic equipment & instruments industry. Its financial year ends in December.
What is Serve Robotics Inc.'s stock ticker?
Serve Robotics Inc. trades under the ticker SERV on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Serve Robotics Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Serve Robotics Inc. reported revenue of $7.8M, 426.4% higher than a year earlier, according to its SEC filings.
What is Serve Robotics Inc.'s free cash flow?
Serve Robotics Inc.'s free-cash-flow margin is -2179.5% of revenue over the trailing twelve months, ranking 51 of the 52 electronic equipment & instruments companies we cover.
Who are Serve Robotics Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Serve Robotics Inc.'s market cap?
On November 2, 2026, Serve Robotics Inc.'s market capitalisation was about $183M and net debt of -$79.1M. Market figures come from third-party market data and may be delayed.
Who are Serve Robotics Inc.'s competitors?
In our Electronic Equipment & Instruments peer group, the companies closest to Serve Robotics Inc. are WF Holding Ltd, Multisensor AI Holdings, Inc., Vuzix Corp, Energous Corp and Microvision, Inc. The side-by-side comparison below sets their revenue, margins and growth against Serve Robotics Inc.'s.
Are insiders buying or selling Serve Robotics Inc. stock?
Over the last 12 months, Serve Robotics Inc.'s directors and officers reported 0 open-market purchases and 68 sales on Form 4. The insider trading page charts every trade.
When is Serve Robotics Inc.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Serve Robotics Inc. announces its own schedule.