Serve Robotics Inc. Common Stock (SERV)

FairStock Score: 44/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for a business that earns money, has a durable competitive position, and sells at a discount to intrinsic value. Serve Robotics builds self-driving delivery robots, and its revenue is growing fast: filed figures show $207,545 in FY2023, $1.8 million in FY2024, $2.7 million in FY2025, and $3.2 million in fiscal Q2 2026, the quarter ended 2026-06-30, versus $642,000 in fiscal Q2 2025. But growth without profit is not a business I can value. Net losses were $24.8 million in FY2023, $39.2 million in FY2024, $101.4 million in FY2025, and $64.1 million in fiscal Q2 2026. The latest quarter's net margin was about -1,980%, and trailing free cash flow was -$169.8 million, a FairStock FCF yield of -51.7% at the 2026-10-13 close of $3.79. FairStock's negative P/E of -1.53 and P/B of 0.93 reflect a company whose book value is shrinking as losses accumulate. ROE of -64.55% and ROCE of -39.92% show capital is being consumed, though debt/equity is low at 0.03. The Piotroski score of 3/9 and no Lynch category because of four loss years confirm weak financial quality. The stock is down from a 52-week high of $18.24, and beta of 2.38 signals speculation. Without a demonstrated path to profit, this is hope, not a margin of safety.

In plain English: Serve Robotics makes self-driving robots for food delivery. The company is growing sales quickly, but it loses a lot of money and uses far more cash than it brings in. At $3.79, the price looks low compared with its accounting value, but the heavy losses make it hard to say the stock is cheap based on the business today.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer