SERV$2.56+1.99%
Serve Robotics Inc.
Sector: General Industrial Machinery & Equipment, NECIndustry: Industrial - MachineryCountry: USExchange: Nasdaq
Mkt Cap:$221.97M
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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.
