Saturday 31 October 2026 Export SERV’s income statement to Excel — free account

Serve Robotics Inc.

SERV Industrials Integrated Freight & Logistics

Serve Robotics Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.7 million, up 46.2% from fiscal 2024. In the quarter to June 2026, revenue grew 404.4%, EPS fell 122.2% and free cash flow fell 97.5%, each against the same quarter a year earlier. Revenue growth for three consecutive years.

2.60 0.24 −8.45%

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Market cap: $246.3M
P/E: 0.0×
Fwd P/E: −1.0×
Dividend yield: —
F-score: 3/9
Altman Z: 21.75
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis

Insider Decisions trades per month

Total sells 4.00

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	9	9	6	12	4	3	4	4	—	3	—	—

Insider Ownership 1.40%

Capital & Financial Ratios $m

Market Cap 246.25

Revenue 7.79

Net Income (180.42)

Free Cash Flow (169.38)

Net Debt (235.41)

Current Ratio 12.83

Debt/Equity 0.00

P/E ratio 0.00

Fwd P/E (1.00)

P/S ratio 26.80

P/B ratio 0.59

Past 5Y EPS Growth —

This Y EPS Growth (72.66%)

Next Y EPS Growth 12.94%

Next Y revenue growth 265.90%

Next 5Y EPS Growth (9.36%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	0	123	233	235
Receivables	0	0	2	5
Inventory	1	0	—	—
Other	—	—	0	0
	1	125	241	247

	2023	2024	2025	Q'26
Payables	2	5	5	6
ST’ Debt	—	—	—	—
Other	0	1	2	2
	6	7	13	19

Compound Annual Growth %

	10y	5y	3y
Sales	—	—	190.80%
Cash Flow	—	0.00%	0.00%
Earnings	—	0.00%	0.00%
Book Value	—	0.00%	0.00%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate −0.69 Actual −0.80

−0.86 −0.72 −0.58 −0.45 −0.31

Q3 FY25 Miss −0.17

Q4 FY25 Beat +0.03

Q1 FY26 Met 0.00

Q2 FY26 Miss −0.11

Q3 FY26 — Nov 5

Earnings per share against the consensus, by quarter
Quarter	Estimate	Reported	Result
Q3 FY25	−0.37	−0.54	Miss by 0.17
Q4 FY25	−0.49	−0.46	Beat by 0.03
Q1 FY26	−0.65	−0.65	Met by 0.00
Q2 FY26	−0.69	−0.80	Miss by 0.11
Q3 FY26	−0.77	—	Reports 5 November 2026

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.65)	(0.80)	—	—	—
’25	(0.23)	(0.36)	(0.54)	(0.46)	(1.63)
’24	(0.37)	(0.27)	(0.20)	(0.36)	(1.07)
’23	(0.77)	(0.74)	(0.41)	(0.28)	(1.75)

Fiscal quarters ending in the months shown.

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	3	3	—	—	—
’25	0	1	1	1	3
’24	1	0	0	0	2
’23	0	0	0	0	0

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(41)	(43)	—	—	—
’25	(9)	(16)	(25)	(30)	(80)
’24	(4)	(6)	(5)	(6)	(22)
’23	(4)	(3)	(6)	(4)	(16)
’22	0	0	(17)	(4)	(21)
’21	0	0	0	0	0

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(43)	(44)	—	—	—
’25	(13)	(22)	(36)	(46)	(118)
’24	(4)	(7)	(10)	(11)	(32)
’23	(4)	(3)	(6)	(4)	(16)
’22	0	0	(17)	(8)	(25)
’21	0	0	0	0	0

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	Trend	10 yrs	2026e	2027e	2028e	Next 3/yr
												Ten-year view		Analyst estimates Powerpack
Price, $
Price, $	Low	—	—	—	—	—	—	—	—	1.77	4.66		+163.3%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	High	—	—	—	—	—	—	—	—	30.00	24.35		(18.8%)	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
People
People	Employees	—	—	—	—	—	—	—	67	110	380		+138.2%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	Revenue/emp, $m	—	—	—	—	—	—	0.00	0.00	0.02	0.01		n/m	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
Income, $m
Income, $m	Revenue	—	—	—	—	—	—	0	0	2	3		+190.8%	10	34	56	+177.0%
	Gross margin, %	—	—	—	—	—	—	(965.31)	(733.83)	(4.14)	(580.23)		+385.1 pt	Powerpack Serve Robotics Inc.’s next three years, line by line Analysts expect revenue to grow 177.0% a year to 2028 — slower than the 190.8% of the last 3 years. See the consensus for every other line: earnings, margins, cash flow, valuation and returns. Unlock estimates Try Powerpack free for 7 days, then $99 / year ($8.25 a month). Cancel any time. Also in Powerpack: every quarter, Excel exports, API & MCP access. Compare plans
	EBT	—	—	—	—	—	—	(22)	(25)	(39)	(105)		+68.7%
	EBT margin, %	—	—	—	—	—	—	(20,273.75)	(11,958.41)	(2,161.67)	(3,961.41)		+16,312.3 pt
	Net income	—	—	—	—	0	0	(22)	(25)	(39)	(101)		+461.9%
	Depreciation	—	—	—	—	—	—	0	4	2	8		+173.4%
Per share, $
Per share, $	Revenue	—	—	—	—	0.00	0.00	0.02	0.01	0.05	0.04		n/m
	Earnings	—	—	—	—	—	—	(3.17)	(1.75)	(1.07)	(1.63)		(19.9%)
	Cash flow	—	—	—	—	0.00	(0.01)	(3.10)	(1.12)	(0.59)	(1.29)		+240.9%
	Capex	—	—	—	—	0.00	0.00	(0.53)	0.00	(0.28)	(0.60)		n/m
	Free cash flow	—	—	—	—	0.00	(0.01)	(3.63)	(1.12)	(0.87)	(1.89)		+267.9%
	Book value	—	—	—	—	0.00	(0.01)	(1.81)	(0.28)	3.59	5.63		n/m
	Shares, m	—	—	—	—	5	5	7	14	37	62		+68.2%
Valuation, ×
Valuation, ×	P/E	—	—	—	—	—	—	0.00	0.00	0.00	0.00		0.0
	P/S	—	—	—	—	—	—	1,628.40	1,628.40	272.97	243.87		943.4
	P/B	—	—	—	—	—	—	0.00	0.00	3.76	1.84		1.4
	EV/Sales	—	—	—	—	—	—	1,629.48	1,629.48	205.11	155.91		905.0
	EV/FCF	—	—	—	—	—	—	(17.24)	(17.24)	(11.70)	(3.52)		(12.4)
Cash, $m
Cash, $m	Operating cash flow	—	—	—	—	0	0	(21)	(16)	(22)	(80)		+472.0%
	Capex	—	—	—	—	—	—	(4)	0	(10)	(37)		+117.2%
	Free cash flow	—	—	—	—	0	0	(25)	(16)	(32)	(118)		+517.5%
Balance, $m
Balance, $m	Working capital	—	—	—	—	0	0	0	(5)	118	228		n/m
	Total debt	—	—	—	—	—	—	1	0	—	—		(81.0%)
	Net debt	—	—	—	—	0	0	(2)	0	(123)	(233)		+656.8%
	Shareholders’ equity	—	—	—	—	0	0	(12)	(4)	132	351		n/m
Returns, %
Returns, %	ROA	—	—	—	—	0.00	(1,125.77)	(511.57)	(437.30)	(55.04)	(39.96)		(40.0) pt
	ROIC	—	—	—	—	0.00	0.00	0.00	0.00	(284.38)	(60.07)		(60.1) pt
	ROE	—	—	—	—	0.00	121.60	348.98	301.02	(61.40)	(42.02)		(42.0) pt

Negative figures in brackets.

estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
HUBG Hub Group, Inc.	$1.6B	15.3×	14.4×	−5.31% (below 0%: shrinking)	+23.08% (above 0%: growing)	−37.43% (below 0%: shrinking)	26.84%	4.22%	Compare
CYRX CryoPort, Inc.	$926.4M	— (loss-making)	— (loss-making)	+7.74% (above 0%: growing)	n/m	+35.91% (above 0%: growing)	46.61%	(20.50%)	Compare
FWRD Forward Air Corporation	$603.7M	— (loss-making)	— (loss-making)	+8.76% (above 0%: growing)	n/m	+59.37% (above 0%: growing)	49.11%	(29.91%)	Compare
RLGT Radiant Logistics, Inc.	$426.6M	22.9×	22.9×	+18.52% (above 0%: growing)	+60.00% (above 0%: growing)	−662.14% (below 0%: shrinking)	25.55%	3.26%	Compare
SERV Serve Robotics Inc.	$246.3M	— (loss-making)	— (loss-making)	+404.36% (above 0%: growing)	n/m	−97.50% (below 0%: shrinking)	(271.12%)	(2,040.30%)
FLX BingEx Limited	$77.0M	— (loss-making)	7.1×	−3.11% (below 0%: shrinking)	n/m	—	10.16%	0.77%	Compare
PSIG PS International Group Ltd.	$75.5M	— (loss-making)	—	—	n/m	+36.15% (above 0%: growing)	—	—	Compare
PAL Proficient Auto Logistics, Inc.	$67.9M	— (loss-making)	— (loss-making)	−5.32% (below 0%: shrinking)	n/m	−124.95% (below 0%: shrinking)	100.00%	(2.96%)	Compare
NCEW New Century Logistics (BVI) Limited	$56.0M	—	—	—	—	−150.21% (below 0%: shrinking)	—	—	Compare
Median of peers	$251.8M	—	14.4×	+2.31%	—	−37.43%	36.73%	(1.10%)

All 32 Integrated Freight & Logistics stocks →

Pay and ownership Proxy statement filed 24 April 2026

Ownership

Directors and executive officers, together 5.00%

Vinod Khosla 5.90%

Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement