S-1 · resale registration
Issued 2023
Proposed maximum
Shares registered
- Filed
- Effective
SERV$2.60+3.39%
Serve Robotics Inc.
Sector: General Industrial Machinery & Equipment, NECIndustry: Industrial - MachineryCountry: USExchange: Nasdaq
Mkt Cap:$225.01M
Float & O/S:
Inst Own:
DilutionScan read 55 of Serve Robotics Inc.'s SEC filings and found 5 warrant series, 3 ATM programs, 4 shelf registrations, 3 S-1 registrations and 1 completed offering on file for SERV. The latest dilution event on file is ATM sales on Jun 30, 2026. Analysis updated Oct 31, 2026.
Signal8 Summary
SERV
Heavy cash burn far exceeding revenue
Snapshot
Serve is a tiny robotics company still early in scaling: FY 2025 revenue was just $2.7M, up 46% YoY, but the company lost $101.4M and burned $117.6M in free cash flow doing it, roughly 40 times its revenue.
What's Happening Right Now
- : Q2 2026 revenue rose 404% YoY to $3.2M, but net loss widened to $64.1M and full-year revenue guidance was cut to $9-10M due to weaker Uber Eats delivery volume.
- : The 10-Q showed a $113.1M first-half net loss, $84.7M of operating cash used, and $77.6M raised via a new at-the-market equity program to fund the burn.
- : Serve launched robot delivery with Grubhub in Chicago, Los Angeles, and Alexandria, plus expansion into San Jose and Washington, DC via DoorDash.
- : Serve is resetting its Uber relationship after delivery volume declined for the first time in 17 quarters, shifting focus to utilization and recurring revenue.
- : Andreas Lieber joined Serve's board, replacing Uber's Sarfraz Maredia, who stepped down after three years.
Raise routes on file: active ATM + effective shelf + effective S-1 · latest dilution event 126 days ago
Overall Risk
Offering Ability
Overhead Supply
Historical
Cash Need
AI dilution summary
The dominant contractual driver and its mechanism, then each further driver ranked.
Latest dilution event
Jun 30, 2026 · ATM Sale
Every warrant, convertible, ATM and shelf, cited to the filing
A free account reads 3 tickers a day in full
$59/mo with 7 days free, or $49/mo billed yearly ($588/yr)
Share count and cash history
Shares outstanding, potential dilution and cash over time
Effective
S-1 · resale registration
Issued 2024
Proposed maximum
Shares registered
- Filed
- Effective
S-1 · resale registration
Issued 2024
Proposed maximum
Shares registered
- Filed
- Effective
Warrant
Issued 2025
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Warrant
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Warrant
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Warrant
Issued 2024
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Warrant
Issued 2024
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
ATM program
Issued 2024
Total capacity
Sold to date
Remaining capacity
- Sales agent
- Agreement date
- Commission
ATM program
Issued 2025
Total capacity
Sold to date
Remaining capacity
- Sales agent
- Agreement date
- Commission
ATM program
Issued 2026
Total capacity
Sold to date
Remaining capacity
- Sales agent
- Agreement date
- Commission
S-3 shelf registration
Issued 2026
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
S-3 shelf registration
Issued 2025
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
S-3 shelf registration
Issued 2024
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
S-3 shelf registration
Issued 2024
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
Registered direct offering
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
Know who's about to sell into your SERV trade
Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.
$59/mo with 7 days free, or $49/mo billed yearly ($588/yr)
