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.
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
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
Investment Themes
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 | ||||
|---|---|---|---|---|---|
Aug 19, 2026 6w ago | Insider Cluster | $4.74 $4.41 | ▲ +6.86% | ▲ +6.86% | $4.60 (+2.85%) |
Aug 17, 2026 6w ago | 8-K | $4.90 $4.33 | ▲ +11.63% | ▲ +9.66% | $4.60 (+6.12%) |
Aug 6, 2026 8w ago | Press Release | $5.09 $4.95 | ▲ +2.75% | ▲ +2.36% | $4.60 (+9.54%) |
Jun 11, 2026 16w ago | Institutional Cluster | $7.44 $6.04 | ▼ −18.82% | ▼ −20.71% | $4.60 (−38.17%) |
Jun 11, 2026 16w ago | Institutional Cluster | $7.44 $6.04 | ▼ −18.82% | ▼ −20.71% | $4.60 (−38.17%) |
May 15, 2026 20w ago | EFFECT | $8.24 $7.22 | ▲ +12.38% | ▲ +14.50% | $4.60 (+44.17%) |
May 14, 2026 20w ago | 424B5 | $8.24 $6.97 | ▲ +15.41% | ▲ +17.53% | $4.60 (+44.17%) |
May 11, 2026 20w ago | S-3 | $8.85 $6.94 | ▲ +21.58% | ▲ +21.28% | $4.60 (+48.02%) |
May 11, 2026 20w ago | 8-K | $8.85 $6.94 | ▼ −21.58% | ▼ −21.28% | $4.60 (−48.02%) |
May 7, 2026 21w ago | 8-K | $8.77 $7.75 | ▼ −11.63% | ▼ −11.65% | $4.60 (−47.55%) |
US Market Status
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