Monitor cash burn rate and any future guidance revision; at current pace, liquidity may last ~4-5 quarters. The stock may face selling pressure as losses deepen despite revenue growth.
Price Chart
Executive Summary
Serve Robotics reported Q1 2026 revenue of $3.0M (up 578% YoY, in line with consensus) but GAAP EPS of -$0.65 missed consensus of -$0.51 by 27%. Net loss widened to $49M from $13M a year ago, and operating cash burn accelerated to $41.4M. Guidance for FY2026 revenue of ~$26M and non-GAAP opex of $160-170M was reaffirmed, but the rapid cash consumption and lack of profitability path are concerning.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $3.0M (consensus $3.0M, +578% YoY, +238% sequentially)
- GAAP EPS -$0.65 vs consensus -$0.51 (miss); non-GAAP EPS -$0.50
- Gross loss of $9.0M vs $1.5M a year ago
- Net loss of $49M vs $13M YoY
- Operating cash flow -$41.4M vs -$9.5M YoY
- Cash and marketable securities $197.4M as of March 31, 2026
- FY2026 guidance reaffirmed: revenue ~$26M, non-GAAP opex $160-170M
- Software services contributed 34% of Q1 revenue
Financial Impact
Net loss widened to $49M, operating cash burn $41.4M, and GAAP EPS missed consensus by $0.14.
Risk Factors
- Cash depletion risk if burn rate continues without added capital
- Dilution risk from potential equity offerings
- Inability to achieve profitability on the current trajectory
- Execution risk on scaling robot fleet and integrating acquisitions
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3290495 |
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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