SERV Serve Robotics Inc. /DE/
Price Chart
Executive Summary
Serve Robotics reported Q1 2026 revenue of $3.0M (in line with consensus, up 578% YoY) and GAAP EPS of $(0.65) (in line with consensus). The company reaffirmed its FY2026 revenue guidance of ~$26M. Losses widened to $(49.0M) from $(13.2M) a year ago, reflecting continued investment in fleet expansion and acquisitions. The results confirm execution against the plan but offer no upside surprise.
Key Financial Metrics
Actionable Insight
The reaffirmed $26M revenue guide provides a clear benchmark for FY2026. Monitor upcoming quarters for sequential revenue acceleration and gross margin improvement. Given the pre-revenue stage and high cash burn, any deviation from the guide or additional capital raises could be significant.
Key Facts
- Q1 2026 revenue $3.0M, +238% sequential, +578% YoY (in line with $3.0M consensus)
- GAAP EPS $(0.65) vs consensus $(0.65) (in line)
- GAAP net loss $(49.0M) vs $(13.2M) in Q1 2025
- Cash & marketable securities $197.4M as of March 31, 2026 (down from $260M at year-end 2025)
- Reaffirmed FY2026 revenue guidance ~$26M and Non-GAAP operating expense $160-170M
- Fleet scaled to ~2,000 robots; operating in 44 cities across 14 states
Financial Impact
No material financial impact from this filing; in-line results and reaffirmed guidance.
Risk Factors
- Cash burn rate accelerated to $(41.4M) operating cash flow in Q1 2026 vs $(9.5M) a year ago
- Share count increased from 74.7M to 76.1M, indicating further dilution
- Reaching profitability remains distant; dependence on capital markets
Market Snapshot
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001832483-26-000017 |
| Document: serv-20260507.htm | 0001832483-26-000017 |
| Document: serve_investorxdeckx07ma.htm | 0001832483-26-000017 |
| Document: 0001832483-26-000017-index-headers.html | 0001832483-26-000017 |
| Document: 0001832483-26-000017-index.html | 0001832483-26-000017 |
| Document: 0001832483-26-000017.txt | 0001832483-26-000017 |
| 8-K Data (Synthetic) | 0001832483-26-000017 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 15, 2026
26d ago
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EFFECT
| $8.24 $8.70 | ▼ −5.58% | ▼ −4.62% | $7.61 (+7.65%) |
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May 14, 2026
26d ago
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424B5
| $8.24 $8.70 | ▼ −5.58% | ▼ −4.62% | $7.61 (+7.65%) |
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May 11, 2026
29d ago
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S-3
| $8.85 $8.23 | ▲ +7.01% | ▲ +6.92% | $7.61 (+14.01%) |
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May 11, 2026
29d ago
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8-K
| $8.85 $8.23 | ▼ −7.01% | ▼ −6.92% | $7.61 (−14.01%) |
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May 7, 2026
4w ago
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8-K
| $8.77 $8.74 | ▼ −0.34% | ▼ −1.81% | $7.61 (−13.23%) |
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May 7, 2026
4w ago
|
Press Release
| $8.77 $8.74 | ▲ +0.34% | ▲ +1.81% | $7.61 (+13.23%) |
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May 1, 2026
5w ago
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Insider Cluster
| $9.40 $8.77 | ▼ −6.70% | ▼ −9.05% | $7.61 (−19.04%) |
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Apr 24, 2026
6w ago
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DEFA14A
| $9.89 $9.35 | ▼ −5.46% | ▼ −5.86% | $7.61 (−23.05%) |
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Apr 21, 2026
7w ago
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Press Release
| $9.74 $9.43 | ▼ −3.18% | ▼ −4.27% | $7.61 (−21.87%) |
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Apr 8, 2026
8w ago
|
144
| $8.37 $9.56 | ▲ +14.22% | ▲ +10.70% | $7.61 (−9.08%) |
US Market Status
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