One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Serve Robotics Inc.
SERV · NCM · Industrials · Integrated Freight & Logistics
Current price
$3.11
52-week range
$2.25 - $16.08
Market cap
$272.32M
Balance sheet
Healthy
-37,589.67x Concerning
Net cash $188.53M. Interest coverage shows how many times profit covers the interest bill.
What stands out
1 Reward
1 Risk
1 rewards · 1 risks
- Reward Revenue grew 274.9% last year.
- Risk Return on equity was -70.2% last year — the company lost money on shareholders' equity.
What this company does
Serve Robotics Inc.
Serve Robotics makes self-driving robots for delivering food in places like restaurants and stores across the United States. They make their money by having businesses use these robots to deliver food to customers. This matters because it's a new way to get food to people, potentially making deliveries faster and cheaper.
How the company got here
Serve Robotics Inc. started in 2017, born out of the research labs at the University of Southern California's Robotics and Autonomous Systems Center. The company's initial focus was on developing autonomous vehicles for various applications. A key turning point was the decision to pivot specifically towards last-mile delivery robots, aiming to solve the 'final leg' of getting goods from a store or restaurant to a customer's doorstep. This strategic shift allowed them to concentrate their efforts on a rapidly growing market need.
What it actually does
Serve Robotics designs and operates a fleet of small, self-driving robots designed for delivery in urban environments. Think of them as miniature autonomous vehicles, but instead of carrying people, they carry food, groceries, or other small packages. These robots navigate sidewalks and pedestrian areas, aiming to provide a more efficient and eco-friendly way to get items from businesses to consumers. They are essentially building the infrastructure for automated, local deliveries.
Food Delivery Robots
This is the core business for Serve Robotics, focusing on delivering food from restaurants and other eateries directly to customers. The robots are equipped with sensors and AI to navigate safely, avoiding obstacles and adhering to traffic rules. Customers typically order through a partner app, and the robot picks up the prepared food from the restaurant and brings it to a designated drop-off point. This segment aims to reduce delivery times and costs compared to traditional human-driven delivery services, especially for short distances.
What management is betting on now
Serve Robotics is focused on expanding its operational footprint and forging new partnerships with businesses that can utilize its delivery services. A key priority is scaling up the number of robots in operation and increasing the efficiency of their delivery routes. Management believes that by proving the reliability and cost-effectiveness of their autonomous delivery solution, they can capture a significant share of the growing market for last-mile logistics. They are also likely investing in further technological advancements to improve robot capabilities and safety.
Price history
How the share price has moved
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Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q4
$-11.12M
FY2025 Q1
$-12.92M
FY2025 Q2
$-22.00M
FY2025 Q3
$-36.51M
FY2025 Q4
$-46.14M
FY2026 Q1
$-42.87M
FY2026 Q2
$-44.29M
FY2026 Q3
$-44.10M
Revenue
$2.83M
Net income
$-59.23M
Diluted EPS
-0.68
Operating cash flow
$-38.79M
Free cash flow
$-44.10M
Fetching…
Sources
Revenue
$3.24M
Net income
$-64.13M
Diluted EPS
-0.80
Operating cash flow
$-43.32M
Free cash flow
$-44.29M
Fetching…
Sources
Revenue
$2.98M
Net income
$-49.00M
Diluted EPS
-0.65
Operating cash flow
$-41.42M
Free cash flow
$-42.87M
Fetching…
Sources
Revenue
$881.53K
Net income
$-34.27M
Diluted EPS
-0.50
Operating cash flow
$-29.64M
Free cash flow
$-46.14M
Fetching…
Sources
Revenue
$687.00K
Net income
$-33.02M
Diluted EPS
-0.54
Operating cash flow
$-25.18M
Free cash flow
$-36.51M
Fetching…
Sources
Revenue
$642.00K
Net income
$-20.85M
Diluted EPS
-0.36
Operating cash flow
$-15.96M
Free cash flow
$-22.00M
Fetching…
Sources
Revenue
$440.46K
Net income
$-13.22M
Diluted EPS
-0.23
Operating cash flow
$-9.46M
Free cash flow
$-12.92M
Fetching…
Sources
Revenue
$175.84K
Net income
$-13.12M
Diluted EPS
-0.23
Operating cash flow
$-6.26M
Free cash flow
$-11.12M
Fetching…
Sources
Is it cheap or expensive?
Fair value — vs current price $3.11
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $188.5M - more cash than debt. Interest coverage -37589.7x.
Net debt
$-188.53M
Interest coverage
-37,589.67x
Serve Robotics Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 4 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
SERV
BASELINE
Serve Robotics Inc.
Total debt $9.47M Interest coverage -37,589.67x This is the baseline the peer rows are being compared against.
Total debt $101.85M Interest coverage -46.60x Neither company has much profit cushion over interest right now.
Total debt $159.46K Interest coverage -19.09x Neither company has much profit cushion over interest right now.
Total debt $14.87M Interest coverage -970.67x Neither company has much profit cushion over interest right now.
Total debt $41.10M Interest coverage -8.88x Neither company has much profit cushion over interest right now.
What you should know
The case for and against SERV
1 Reward
1 Risk
Rewards
-
Revenue grew 274.9% last year.
Risks
-
Return on equity was -70.2% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
—
Forward P/E
-1.65x
P/B
0.89x
P/S
27.40x
EV/EBITDA
-0.43x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
0.0%
Operating margin
-2,158.3%
Net margin
0.0%
ROE
-70.2%
ROA
-43.2%
Health
Liquidity and balance-sheet strength
Debt / equity
0.03x
Current ratio
10.85x
Quick ratio
10.52x
Total debt
$9.47M
Total cash
$198.00M
Growth
How the business has been compounding
Revenue TTM
$9.94M
Revenue 5Y CAGR
257.4%
EPS TTM
-2.61
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-153.17M
Free CF TTM
$-117.98M
FCF margin
-1,187.1%
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
—
Last ex-div date
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