Serve Robotics Inc (SERV)

Over the past six months, Serve Robotics released its Q2 2025 earnings, completed a Merger/Acquisition with Voysys, and saw an increase in institutional ownership to 44.8%. Citigroup reissued an "outperform" rating, while Q3 2025 earnings missed analysts' estimates, leading to a stock price plunge. The company expanded its services to Fort Lauderdale and Alexandria, Virginia, and announced it had deployed over 2,000 robots, fulfilling its 2025 target. The stock experienced high volatility but gained over 13% in the past year, receiving a boost in late December after a previous decline. Weiss Ratings reissued a "sell" rating, while Freedom Capital upgraded Serve Robotics to a "strong-buy" rating. Northland analyst Michael Latimore named Serve Robotics a top pick for 2026, and Nvidia CEO Jensen Huang highlighted a Serve Robotics robot during his CES 2026 keynote. Analysts have given Serve Robotics an average "Moderate Buy" recommendation with a mean 12-month price target of $18.80.

Specific demand seasonality for Serve Robotics' products and services is not explicitly detailed; however, demand can be influenced by national and international economic conditions. Rising labor costs have increased interest in last-mile automation, which could positively impact demand. The nature of last-mile food and parcel delivery could inherently have some seasonal fluctuations, such as increased demand during holidays or adverse weather conditions, but this is not confirmed by the search results.

Serve Robotics, Inc. specializes in designing, developing, and operating advanced, AI-powered, low-emissions sidewalk delivery robots, with a primary focus on food delivery but also capable of delivering parcels and groceries. The company operates within the IT Services and Machinery (B2B) industry group and was spun off from Uber in 2021 as an independent entity.

Serve Robotics is headquartered in Redwood City, California, and has expanded its operations across multiple U.S. markets, including Los Angeles, Atlanta, Dallas-Fort Worth, Miami, Fort Lauderdale, Chicago, and Alexandria, Virginia. By December 2025, the company had deployed over 2,000 autonomous sidewalk delivery robots across these U.S. markets and also has international ambitions, indicated by a pilot program in Doha, Qatar.

Serve Robotics has experienced both positive developments and challenges impacting its brand reputation in the past year. The company has forged strategic partnerships with leading food delivery platforms and expanded its operations to 110 high-density neighborhoods, successfully deploying over 2,000 autonomous robots and achieving a 99.8% delivery completion rate. The zero-emission nature of its robots is a benefit, and a boost to its reputation came from Nvidia CEO Jensen Huang's public admiration and Northland analyst Michael Latimore naming Serve Robotics a top pick for 2026. However, Serve Robotics faces financial challenges, including a negative EBITDA and weak gross profit margins, remaining deeply unprofitable with expanding operating losses and expenses outpacing revenue growth. The stock experienced a 23% decline in 2025, and multiple insiders sold shares recently.

Serve Robotics Inc. has 235 institutional owners and shareholders, holding a total of 28,345,824 shares, with institutional ownership at 44.8% as of September 2025. Major institutional shareholders include BlackRock, Inc., Vanguard Group Inc, Uber Technologies, Inc, Jane Street Group, LLC, Susquehanna International Group, LLP, Citadel Advisors Llc, Geode Capital Management, LLC, Exchange Traded Concepts, LLC, State Street Corp, and First Trust Advisors LP. Approximately 8.38% of the company's stock is owned by insiders, and Khosla Ventures VI, L.P. is also listed as a major shareholder. Multiple insiders sold 206,277 shares, valued at approximately $2.52 million, in the last quarter, and public companies and retail investors hold approximately 69.78% of the stock.