Tearsheet
SERV Home Investment Highlights Valuation & Metrics Price Chart Why The Stock Moved Return vs. Risk About SERV Interactive Breakdown Better Bets vs. SERV Latest Trefis Analyses Trade Ideas More From Trefis Peer Comparisons FDIC Bank Data FDA Approved Drugs Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Forward Guidance Insider Activity Trade Sentinel Investor Videos Industry Resource Links External Quote Links

Serve Robotics (SERV)

Market Price (7/10/2026): $6.09 | Market Cap: $458.6 MilSector: Industrials | Industry: Industrial Machinery & Supplies & Components

Serve Robotics (SERV)

Market Price (7/10/2026): $6.09
Market Cap: $458.6 Mil
Sector: Industrials
Industry: Industrial Machinery & Supplies & Components

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -40%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 298%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -70%

Megatrend and thematic drivers
Megatrends include Autonomous Technologies, and E-commerce & Digital Retail. Themes include Machine Vision, Machine Learning, Show more.

Weak multi-year price returns
3Y Excs Rtn is -145%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -150 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2879%

Expensive valuation multiples
P/SPrice/Sales ratio is 88x

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 476%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2160%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2846%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -34%

Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 30%

Key risks
SERV key risks include [1] an inability to achieve profitability and scale monetization due to a high cash burn rate and underutilization of its robots and [2] high customer concentration, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -40%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 298%
2 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -70%
3 Megatrend and thematic drivers
Megatrends include Autonomous Technologies, and E-commerce & Digital Retail. Themes include Machine Vision, Machine Learning, Show more.
4 Weak multi-year price returns
3Y Excs Rtn is -145%
5 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -150 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2879%
6 Expensive valuation multiples
P/SPrice/Sales ratio is 88x
7 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 476%
8 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2160%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2846%
9 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -34%
10 Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 30%
11 Key risks
SERV key risks include [1] an inability to achieve profitability and scale monetization due to a high cash burn rate and underutilization of its robots and [2] high customer concentration, Show more.

SERV in ETFs

Weight = SERV's share of each fund

VTI0.00%
ITOT0.00%
IWM0.01%
BOTZ0.10%
IWN0.02%
VTWO0.02%
SCHA0.01%
IWO0.01%
+3 more covered ETFs

Valuation & Metrics

FYE: 12/31SERV [1]S&P 500 [2]
REVENUE GROWTH
LTM Revenue [3]$5.2 Mil—
FY 2026 Sales$25.6 Mil—
FY 2027 Sales$77.4 Mil—
FY 2026 Sales Growth393.4%—
FY 2027 Sales Growth201.8%8.1%
EARNINGS
LTM Net Income (GAAP) [3]$-137.1 Mil—
FY 2026 Net Income (Non-GAAP)$-168.0 Mil—
FY 2027 Net Income (Non-GAAP)$-140.9 Mil—
FY 2027 Net Income Growth—16.3%
FY 2026 EPS (Non-GAAP)$-2.67—
FY 2027 EPS (Non-GAAP)$-2.29—
FY 2027 EPS Growth——
VALUATION
FY 2026 P/S17.93.3
FY 2027 P/S5.9—
FY 2026 P/E—20.0
FY 2027 P/E——

[1] SERV forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
[2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 7/31/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
[3] LTM = reported trailing-twelve-month actuals (GAAP).
SERVS&P 500
REVENUE GROWTHVERY GOOD
Rev LTM ($ Bil)0.0
Rev Chg Q578.2%8.9%
Rev Chg LTM297.8%7.5%
Rev Chg 3Y Avg157.5%5.9%
PROFITABILITYVERY POOR
Op Inc LTM ($ Bil)-0.1
CFO LTM ($ Bil)-0.1
Net Inc LTM ($ Bil)-0.1
Op Mgn LTM-2,878.6%18.4%
CFO/Rev LTM-2,159.7%21.4%
Net Inc Mgn-2,640.0%13.0%
VALUATIONVERY HIGH
P/S88.33.3
P/CFO-4.115.4
P/FCF-3.119.9
P/E-3.324.4
STABILITYVERY GOOD
Debt/Equity0.010.20
Cash/Assets0.550.07

AI Analysis | Feedback

MetricValueDateSource
Deployed Robots100010062025Link
Planned Fleet Expansion2,000 robots by year-end 202511122025Link
Daily Active Robots3129302025Link
Daily Supply Hours37819302025Link
Delivery Volume Growth (Quarter-over-Quarter)66%9302025Link
Delivery Volume Growth (Year-over-Year)300%9302025Link
Restaurants Supportedover 3,60011122025Link
Population Coverage3 million11122025Link
Strategic Partnership AgreementUp to 2,000 delivery robots on the Uber Eats platform7302025Link

Price Chart

Upcoming
8/06/2026Earnings ReleaseRev: $3.0 Mil (E)
EPS: $-0.69 (E)

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 7/7/2026

Serve Robotics (SERV) stock has lost about 30% since 3/31/2026 because of the following key factors:

1. Significant Net Losses and High Cash Burn Rate Continued in Fiscal Q1 2026. Serve Robotics reported a GAAP net loss of $49 million in fiscal Q1 2026 (ended March 31, 2026), alongside a gross loss of approximately $9 million and a gross margin of -302%. The company's business model demonstrated an unsustainable cash burn, spending $16 for every $1 in revenue during this period, with total operating expenses reaching $42.8 million.

2. Anticipated Slower Growth and Underutilization of Robot Fleet. Management indicated an expectation of slower growth for fiscal Q2 2026 as the company focuses on geographic expansion and platform integrations rather than rapid robot deployment. Furthermore, only 812 of the company's 2,000 robots were daily active in fiscal Q1 2026, signaling underutilization and weak operational efficiency, prompting concerns about stalling demand and a pause in new robot deployments.

Show more
Updated on 7/7/2026

Serve Robotics (SERV) stock has lost about 30% since 3/31/2026 because of the following key factors:

1. Significant Net Losses and High Cash Burn Rate Continued in Fiscal Q1 2026. Serve Robotics reported a GAAP net loss of $49 million in fiscal Q1 2026 (ended March 31, 2026), alongside a gross loss of approximately $9 million and a gross margin of -302%. The company's business model demonstrated an unsustainable cash burn, spending $16 for every $1 in revenue during this period, with total operating expenses reaching $42.8 million.

2. Anticipated Slower Growth and Underutilization of Robot Fleet. Management indicated an expectation of slower growth for fiscal Q2 2026 as the company focuses on geographic expansion and platform integrations rather than rapid robot deployment. Furthermore, only 812 of the company's 2,000 robots were daily active in fiscal Q1 2026, signaling underutilization and weak operational efficiency, prompting concerns about stalling demand and a pause in new robot deployments.

3. Substantial Insider Selling Activity. Serve Robotics experienced significant insider selling since the end of fiscal Q1 2026. From March to June 2026, insiders reported net selling totaling $15.2 million across 131 transactions, exceeding the $5 million threshold for consideration.

4. Missed Fiscal Q1 2026 Earnings Per Share (EPS) Estimates. Despite beating revenue estimates, Serve Robotics reported a fiscal Q1 2026 diluted EPS of -$0.65, which missed the consensus analyst estimate of -$0.57 by $0.08.

5. Analyst Rating Downgrade. On May 13, 2026, Freedom Capital lowered its rating for Serve Robotics from a "strong-buy" to a "hold," reflecting increased caution among some analysts regarding the company's prospects.

Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →

Stock Movement Drivers

Fundamental Drivers

The -28.4% change in SERV stock from 3/31/2026 to 7/9/2026 was primarily driven by a -62.7% change in the company's P/S Multiple.
(LTM values as of)33120267092026Change
Stock Price ($)8.446.04-28.4%
Change Contribution By: 
Total Revenues ($ Mil)3596.0%
P/S Multiple234.787.6-62.7%
Shares Outstanding (Mil)7475-2.1%
Cumulative Contribution-28.4%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 7/9/2026
ReturnCorrelation
SERV-28.4% 
Market (SPY)15.6%59.6%
Sector (XLI)12.0%30.2%

Fundamental Drivers

The -41.8% change in SERV stock from 12/31/2025 to 7/9/2026 was primarily driven by a -73.3% change in the company's P/S Multiple.
(LTM values as of)123120257092026Change
Stock Price ($)10.386.04-41.8%
Change Contribution By: 
Total Revenues ($ Mil)25167.1%
P/S Multiple327.487.6-73.3%
Shares Outstanding (Mil)6175-18.5%
Cumulative Contribution-41.8%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 7/9/2026
ReturnCorrelation
SERV-41.8% 
Market (SPY)10.5%56.2%
Sector (XLI)17.1%42.6%

Fundamental Drivers

The -47.2% change in SERV stock from 6/30/2025 to 7/9/2026 was primarily driven by a -82.3% change in the company's P/S Multiple.
(LTM values as of)63020257092026Change
Stock Price ($)11.446.04-47.2%
Change Contribution By: 
Total Revenues ($ Mil)15297.8%
P/S Multiple493.387.6-82.3%
Shares Outstanding (Mil)5675-25.2%
Cumulative Contribution-47.2%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2025 to 7/9/2026
ReturnCorrelation
SERV-47.2% 
Market (SPY)22.7%51.4%
Sector (XLI)24.0%39.5%

Fundamental Drivers

null
null

Market Drivers

6/30/2023 to 7/9/2026
ReturnCorrelation
SERV  
Market (SPY)75.6%22.0%
Sector (XLI)75.8%19.8%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
SERV Return----46%-23%-43%-76%
Peers Return32%-30%78%6%43%10%174%
S&P 500 Return27%-19%24%23%16%9%99%

Monthly Win Rates [3]
SERV Win Rate---40%58%29% 
Peers Win Rate63%40%57%50%55%49% 
S&P 500 Win Rate75%42%67%75%67%43% 

Max Drawdowns [4]
SERV Max Drawdown-----78%-62% 
Peers Max Drawdown-18%-53%-37%-31%-41%-33% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

[1] Cumulative total returns since the beginning of 2021
[2] Peers: TRMB, ZBRA, TER, ROK, SYM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/9/2026 (YTD)

How Low Can It Go

EventSERVS&P 500
2025 US Tariff Shock
  % Loss-61.6%-18.8%
  % Gain to Breakeven160.5%23.1%
  Time to Breakeven164 days79 days

Compare to TRMB, ZBRA, TER, ROK, SYM

In The Past

Serve Robotics's stock fell -61.6% during the 2025 US Tariff Shock. Such a loss loss requires a 160.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventSERVS&P 500
2025 US Tariff Shock
  % Loss-61.6%-18.8%
  % Gain to Breakeven160.5%23.1%
  Time to Breakeven164 days79 days

Compare to TRMB, ZBRA, TER, ROK, SYM

In The Past

Serve Robotics's stock fell -61.6% during the 2025 US Tariff Shock. Such a loss loss requires a 160.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Serve Robotics (SERV)

Serve Robotics (SERV) is an AI-powered robotics company focused on revolutionizing last-mile delivery in urban environments. Its core mission is to foster a sustainable future by transforming how goods move, aiming to reduce car traffic, lower transportation costs, and decrease emissions. The company achieves this by developing and deploying advanced, autonomous sidewalk delivery robots designed to handle short-distance deliveries efficiently.

The company's primary product is its fleet of low-emissions delivery robots, which currently specialize in last-mile food delivery. Serve's robots offer a reliable and cost-effective delivery solution, enhancing the customer experience and benefiting merchants. Serve Robotics has established significant commercial partnerships and platform integrations with major industry players such as Uber Eats and 7-Eleven. Its strategic investors include prominent companies like Uber, NVIDIA, 7-Ventures, and Delivery Hero.

Serve Robotics targets the rapidly growing on-demand delivery market, particularly for orders within 2.5 miles, which are ideal for robotic delivery. The company projects that, at scale, its robots could reduce average delivery costs to under $1.00, making on-demand delivery more affordable and accessible. With a potential global market for robot and drone delivery estimated to reach $450 billion by 2030, Serve Robotics is positioned to capitalize on this substantial future growth opportunity.

AI Analysis | Feedback

  • Uber Eats, but with robots handling the deliveries.
  • Think of them as the Waymo or Cruise for delivering goods on sidewalks.

AI Analysis | Feedback

  • Robotic Last-Mile Delivery Service: Operates a fleet of AI-powered sidewalk robots to provide efficient and low-cost last-mile delivery of goods, primarily food, for partner companies.

AI Analysis | Feedback

Serve Robotics (SERV) primarily sells its services to other companies. Its major customers include:

  • Uber Technologies, Inc. (UBER) - Serve Robotics has a commercial partnership and agreement with Uber to deploy its robots, including integrations with the Uber Eats division.
  • 7-Eleven, Inc. - Serve Robotics has platform-level integrations with 7-Eleven, Inc.

AI Analysis | Feedback

null

AI Analysis | Feedback

Ali Kashani, Co-founder, CEO

Ali Kashani co-founded Serve Robotics in January 2021 and has served as Chief Executive Officer since. He initially founded what would become Serve Robotics in 2017 as a robotics initiative within Postmates. Following Uber's acquisition of Postmates in 2020, Dr. Kashani led the spinout of Serve as an independent company in 2021. Prior to co-founding Serve, he was Vice President of Postmates Inc.. He also co-founded and served as Chief Technology Officer at Neurio Technology, Inc., a smart home technology company that was acquired by Generac Power Systems. He is an inventor with 15 granted or pending patents.

Brian Read, Chief Financial Officer

Brian Read has served as Serve's Chief Financial Officer since April 2024. He previously served as Controller for Apptronik Inc. from April 2023 to April 2024. Prior to that, he was Global Controller at REE Automotive Ltd. (NASDAQ: REE) from February 2021 to March 2023, and Assistant Global Controller at Coherent Corp (NASDAQ: COHR) from January 2019 to January 2021. Mr. Read began his career at PricewaterhouseCoopers from July 2011 to January 2017. He holds a Bachelor of Science in Business Administration from Duquesne University and is a Certified Public Accountant.

Touraj Parang, President & COO

Touraj Parang has served as Serve's Chief Operating Officer and as a member of the Board since March 2021, and was appointed President in July 2022. Before joining Serve, Mr. Parang was Vice President of Corporate Development at GoDaddy Inc. (NYSE: GDDY). He was the founding Chief Operating Officer of UpCounsel Technologies, Inc., which was acquired by Enduring Ventures, Inc., and co-founder and Chief Operating Officer of Jaxtr, Inc., which was acquired by Sabse Technologies Inc..

Dmitry Demeshchuk, Co-founder & VP of Software

Dmitry Demeshchuk co-founded Serve in January 2021 and has served as Vice President of Software since then. Prior to co-founding Serve, he was a Director at Postmates Inc., where he was a founding engineer in the internal innovation unit Postmates X.

MJ Chun, Co-founder & VP of Product and Design

MJ Chun co-founded Serve in January 2021 and has served as Vice President of Product and Design since. Prior to co-founding Serve, she was a Director at Postmates Inc..

AI Analysis | Feedback

One key risk to Serve Robotics' business is its dependence on raising additional rounds of financing to fund the expansion of its robot fleet. The company explicitly states that it plans to expand its current fleet of over 100 robots by building and deploying hundreds of new robots in the coming years *after* securing further financing.

Another significant risk is the company's reliance on its commercial partnerships, particularly with Uber. Serve has a commercial-scale agreement with Uber to deploy up to 2,000 robots across the United States, making Uber a critical partner for the scaling and widespread adoption of Serve's technology.

A third key risk is the ability to achieve the necessary scale, full utilization, and high autonomy of its robots to reach its projected cost-effectiveness. Serve believes its robots have the potential to reduce average delivery costs to under $1.00, making on-demand delivery more affordable, but this is contingent on achieving these operational efficiencies.

AI Analysis | Feedback

null

AI Analysis | Feedback

The addressable market for Serve Robotics' main products and services is as follows:

  • The potential market for food and parcel delivery by robots and drones may grow to as much as $450 billion globally in 2030.

AI Analysis | Feedback

Serve Robotics (SERV) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:

  1. Expansion of Robot Fleet and Deployment: Serve Robotics plans to significantly expand its operational capacity by building and deploying hundreds of new robots in the coming years. This increase in the number of active robots directly correlates with a higher volume of deliveries and, consequently, increased revenue.
  2. Scaling Existing Commercial Partnerships: The company has established significant platform-level integrations and commercial agreements, particularly with Uber Eats, including a commercial-scale agreement to deploy up to 2,000 robots across the United States. Further scaling these relationships, along with its partnership with 7-Eleven, Inc., will lead to a substantial increase in delivery volume and revenue.
  3. Geographic Expansion within the United States: The agreement with Uber to deploy robots across the United States indicates a clear strategy for expanding Serve Robotics' operational footprint beyond its current locations. Entering new markets will expose the company to a larger customer base and new revenue streams.
  4. Capturing Increased Market Share by Leveraging Cost Efficiencies in a Growing Market: Serve Robotics aims to reduce the average delivery cost to under $1.00 through full utilization and high autonomy, making on-demand delivery more affordable. This cost advantage, combined with the projected growth of the global food and parcel delivery market to as much as $450 billion by 2030, positions Serve to capture a larger share of the expanding on-demand delivery market.

AI Analysis | Feedback

Inbound Investments

  • In February 2021, Uber invested cash into Serve Robotics and contributed intellectual property, in return for acquiring a minority equity interest in the business.
  • Serve Robotics’ strategic investors include NVIDIA, Uber, 7-Ventures, and Delivery Hero’s corporate venture units.

Capital Expenditures

  • Serve Robotics plans to expand its current fleet of over 100 robots by building and deploying hundreds of new robots in the coming years, after raising additional rounds of financing.

Latest Trefis Analyses

Recent Active Movers

Top Gainers

TickerCompanyMkt Cap (B)1W RtnYTD Rtn
CRNXCrinetics Pharmaceuticals8.7116.2%79.6%
TRAXFirst Tracks Biotherapeutics1.174.3%74.2%
TENXTenax Therapeutics0.837.8%50.3%
ALITAlight9.734.2%-52.7%
RPDRapid70.827.2%-24.9%
NGNENeurogene1.026.4%108.0%
ENOVEnovis1.425.8%-5.3%
BVSBioventus0.824.1%64.2%
EWTXEdgewise Therapeutics5.223.5%94.8%
BANDBandwidth2.523.0%407.7%

Top Losers

TickerCompanyMkt Cap (B)1W RtnYTD Rtn
RXTRackspace Technology1.1-32.7%350.1%
FCELFuelCell Energy1.2-27.9%214.6%
SOLSSolstice Advanced Materials10.0-24.3%29.5%
VMETVersamet Royalties1.0-22.8%1.2%
MIDDMiddleby6.3-22.4%-10.3%
AIAIAIAI0.8-22.4%-25.2%
FBYDFalcons Beyond Global0.8-22.1%2.2%
CNTNCanton Strategic0.5-22.1%-24.4%
VPGVishay Precision1.5-21.2%194.8%
LPTHLightPath Technologies0.7-21.1%16.1%

Top Gainers

TickerCompanyMkt Cap (B)1M RtnYTD Rtn
RGNXRegenxbio0.8155.3%8.7%
CRNXCrinetics Pharmaceuticals8.7149.8%79.6%
BLZEBackblaze1.1134.6%282.6%
MBXMBX Biosciences3.1126.6%108.3%
DFTXDefinium Therapeutics, Inc.5.3110.5%258.6%
TRAXFirst Tracks Biotherapeutics1.1105.7%74.2%
STTKShattuck Labs0.880.3%92.6%
ABSIAbsci1.875.1%228.7%
TENXTenax Therapeutics0.873.8%50.3%
SLDBSolid Biosciences1.273.8%97.5%

Top Losers

TickerCompanyMkt Cap (B)1M RtnYTD Rtn
HTZHertz Global0.7-57.3%-57.8%
RDWRedwire2.0-43.6%37.8%
LUNRIntuitive Machines2.0-43.2%4.1%
NVTSNavitas Semiconductor3.3-42.1%98.6%
HYLNHyliion0.8-41.1%131.0%
PCTPureCycle Technologies1.3-37.9%-13.2%
AAOIApplied Optoelectronics9.3-37.9%250.6%
BLDPBallard Power Systems1.0-37.4%27.2%
AMPXAmprius Technologies1.6-36.9%50.6%
METCBRamaco Resources0.5-36.3%-34.0%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons

Peers to compare with:

Financials

SERVTRMBZBRATERROKSYMMedian
NameServe Ro.Trimble Zebra Te.Teradyne Rockwell.Symbotic  
Mkt Price6.0452.71272.65362.75467.4843.15162.68
Mkt Cap0.512.413.456.752.45.412.9
Rev LTM53,6875,5833,7878,8042,5173,737
Op Inc LTM-1506568261,0301,669-20741
FCF LTM-1484808365531,339749651
FCF 3Y Avg-684936505241,152394509
CFO LTM-1125059157781,535845812
CFO 3Y Avg-525277267261,361453626

Growth & Margins

SERVTRMBZBRATERROKSYMMedian
NameServe Ro.Trimble Zebra Te.Teradyne Rockwell.Symbotic  
Rev Chg LTM297.8%3.2%9.2%30.3%10.5%21.5%16.0%
Rev Chg 3Y Avg-1.0%0.8%9.2%2.2%42.3%2.2%
Rev Chg Q578.2%11.8%14.3%87.0%11.9%23.1%18.7%
QoQ Delta Rev Chg LTM96.0%2.8%3.5%18.7%2.8%5.3%4.4%
Op Inc Chg LTM-228.1%41.8%4.2%70.1%43.1%71.3%42.5%
Op Inc Chg 3Y Avg-10.2%3.7%19.2%5.5%49.0%10.2%
Op Mgn LTM-2,878.6%17.8%14.8%27.2%19.0%-0.8%16.3%
Op Mgn 3Y Avg-2,803.5%14.3%14.1%22.4%16.9%-5.6%14.2%
QoQ Delta Op Mgn LTM1,375.2%0.8%-0.0%5.6%0.9%1.2%1.0%
CFO/Rev LTM-2,159.7%13.7%16.4%20.5%17.4%33.6%16.9%
CFO/Rev 3Y Avg-1,896.0%14.2%13.9%23.5%15.9%20.1%15.0%
FCF/Rev LTM-2,846.3%13.0%15.0%14.6%15.2%29.7%14.8%
FCF/Rev 3Y Avg-2,476.3%13.3%12.4%17.0%13.4%17.4%13.4%

Valuation

SERVTRMBZBRATERROKSYMMedian
NameServe Ro.Trimble Zebra Te.Teradyne Rockwell.Symbotic  
Mkt Cap0.512.413.456.752.45.412.9
P/S87.63.42.415.06.02.24.7
P/Op Inc-3.018.816.255.131.4-268.917.5
P/EBIT-3.219.519.556.239.3-268.919.5
P/E-3.327.132.066.448.1-1,091.029.5
P/CFO-4.124.514.672.934.16.419.5
Total Yield-30.2%3.7%3.1%1.6%3.2%-0.1%2.4%
Dividend Yield0.0%0.0%0.0%0.1%1.2%0.0%0.0%
FCF Yield 3Y Avg-16.3%3.1%5.3%2.7%3.4%9.8%3.3%
D/E0.00.10.20.00.10.00.0
Net D/E-0.40.10.2-0.00.1-0.40.0

Returns

SERVTRMBZBRATERROKSYMMedian
NameServe Ro.Trimble Zebra Te.Teradyne Rockwell.Symbotic  
1M Rtn-13.0%-0.5%16.4%-1.7%1.5%1.5%0.5%
3M Rtn-25.2%-19.4%22.2%-0.4%18.7%-19.5%-9.9%
6M Rtn-60.8%-33.7%7.1%67.8%16.6%-38.9%-13.3%
12M Rtn-43.6%-33.8%-15.3%292.0%39.3%-8.5%-11.9%
3Y Rtn-75.8%-0.2%-10.9%235.3%46.4%-5.6%-2.9%
1M Excs Rtn-22.5%-3.6%15.1%-5.0%1.6%-4.5%-4.1%
3M Excs Rtn-39.1%-32.2%12.1%-9.9%9.0%-32.1%-21.0%
6M Excs Rtn-62.5%-44.0%-2.8%50.0%5.2%-47.4%-23.4%
12M Excs Rtn-63.3%-54.7%-36.8%273.2%19.0%-26.7%-31.8%
3Y Excs Rtn-145.1%-68.3%-77.3%159.7%-20.1%-70.3%-69.3%

Comparison Analyses

null

Financials

$ Mil | FY: 12/312026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q2
Period End3/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/2023
Filing Date5/7/20263/12/202611/14/20258/8/20255/8/20253/6/202511/7/20248/14/20245/15/20244/19/202411/28/202311/1/2023
Key Financials Quarterly            
Total Revenue311100001000
Ebitda-43-33-31-20-13-13-8-8-8-5-5-4
Operating Income-52-40-35-23-15-14-8-9-8-5-6-4
Net Income-49-34-33-21-13-13-8-9-9-7-8-5
EPS-0.65-0.46-0.54-0.36-0.23-0.36-0.20-0.27-0.37-0.19-0.21-0.13
Key Financials TTM            
Total Revenue TTM532112221000
Ebitda TTM-127-97-77-54-42-37-29-26-22-19-20-20
Operating Income TTM-150-113-86-60-46-38-30-27-23-19-20-20
Net Income TTM-137-101-80-55-43-39-33-33-29-25-25-23
Growth Rates Quarterly            
Total Revenue Growth578.2%401.1%209.5%37.2%-53.5%312.0%254.8%654.7%2252.0%-9.4%87.7%-
EBITDA Growth-240.6%-158.3%-288.8%-136.5%-65.8%-162.3%-55.6%-111.6%-65.9%22.7%3.6%-
Operating Income Growth-245.1%-196.8%-312.3%-164.7%-94.6%-153.7%-51.4%-108.6%-82.4%16.3%-4.8%-
Net Income Growth-270.8%-161.2%-313.0%-130.7%-46.2%-85.7%-4.6%-82.0%-75.9%2.6%-42.7%-
Margins Quarterly            
EBITDA Margin-1454.2%-3753.2%-4501.5%-3120.4%-2895.2%-7280.7%-3582.4%-1810.2%-811.6%-11435.1%-8170.9%-6456.7%
Operating Income Margin-1735.3%-4569.4%-5067.8%-3527.1%-3410.5%-7714.2%-3804.1%-1828.2%-814.6%-12528.3%-8915.2%-6614.6%
Net Income Margin-1642.2%-3885.8%-4806.4%-3247.7%-3003.9%-7454.5%-3601.8%-1931.2%-954.7%-16534.5%-12220.8%-8008.9%
Cash & Debt            
Total Cash18723321018319812351290040
Total Debt554322238459
Net Debt / (Cash)-183-228-206-181-196-121-49-268419
Cash Flows Quarterly            
FCF from Operations-41-30-25-16-9-6-5-6-4-4-6-3
Cash Flows TTM            
FCF from Operations TTM-112-80-57-37-27-22-19-19-16-16-17-14
Returns to Shareholders Quarterly            
Dividends000000000000
Share Repurchases-0-0-0-0-0-0-0-0-0-0-0-0
Return on Invested Capital (ROIC) Quarterly            
ROIC-52.0%-43.9%-55.2%-53.9%-44.5%-45.9%-33.4%-38.5%-40.3%-31.2%-34.3%-41.1%
Return on Invested Capital (ROIC) TTM            
ROIC TTM-36.9%-32.8%-34.1%-35.5%-33.8%-32.4%-29.7%-30.6%-29.7%-28.0%-31.2%-50.3%

Segment Financials

Revenue by Segment
$ Mil202520242023
Fleet services21 
Software services11 
Single Segment  0
Total320


Price Behavior

Price Behavior
Market Price$6.04 
Market Cap ($ Bil)0.5 
First Trading Date03/07/2024 
Distance from 52W High-65.8% 
   50 Days200 Days
DMA Price$7.94$10.37
DMA Trenddowndown
Distance from DMA-23.9%-41.8%
 3M1YR
Volatility67.8%88.6%
Downside Capture552.73475.31
Upside Capture223.81304.44
Correlation (SPY)57.9%51.1%
SERV Betas & Captures as of 6/30/2026

 1M2M3M6M1Y3Y
Beta2.702.842.933.133.59-0.56
Up Beta4.963.963.243.772.880.26
Down Beta-0.380.871.352.983.73-0.45
Up Capture126%164%208%305%872%2491%
Bmk +ve Days11244067140429
Stock +ve Days10172958115268
Down Capture399%394%388%241%200%113%
Bmk -ve Days10172358112321
Stock -ve Days11243467134304

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with SERV
SERV-42.2%88.4%-0.24-
Sector ETF (XLI)23.0%16.7%1.0739.6%
Equity (SPY)22.3%12.5%1.3351.2%
Gold (GLD)24.4%27.8%0.7717.6%
Commodities (DBC)23.6%18.7%1.00-2.4%
Real Estate (VNQ)13.2%13.9%0.6510.1%
Bitcoin (BTCUSD)-42.8%42.8%-1.1843.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with SERV
SERV-25.8%188.9%0.46-
Sector ETF (XLI)13.7%17.6%0.6119.9%
Equity (SPY)13.4%17.1%0.6122.0%
Gold (GLD)18.0%18.3%0.801.3%
Commodities (DBC)7.5%19.5%0.28-1.3%
Real Estate (VNQ)2.9%18.9%0.068.9%
Bitcoin (BTCUSD)12.3%53.5%0.4218.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with SERV
SERV-13.9%188.9%0.46-
Sector ETF (XLI)14.8%20.0%0.6519.9%
Equity (SPY)15.8%17.9%0.7522.0%
Gold (GLD)11.7%16.1%0.591.3%
Commodities (DBC)6.1%18.0%0.27-1.3%
Real Estate (VNQ)5.2%20.7%0.228.9%
Bitcoin (BTCUSD)58.0%66.2%0.9818.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date6152026
Short Interest: Shares Quantity22.4 Mil
Short Interest: % Change Since 53120265.5%
Average Daily Volume6.5 Mil
Days-to-Cover Short Interest3.4 days
Basic Shares Quantity75.3 Mil
Short % of Basic Shares29.7%

Earnings Returns History

Updated 6/10/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/7/2026-3.5%-3.9%-16.3%
3/11/202610.1%-0.5%-16.4%
11/12/2025-10.0%-13.9%4.8%
8/7/2025-1.1%-3.9%-0.8%
5/8/202513.7%43.1%91.6%
3/6/2025-6.2%-11.4%-34.1%
11/7/2024-16.5%-27.5%10.6%
8/13/20249.6%8.3%-29.2%
...
SUMMARY STATS   
# Positive323
# Negative676
Median Positive10.1%25.7%10.6%
Median Negative-7.9%-11.4%-22.8%
Max Positive13.7%43.1%91.6%
Max Negative-16.5%-27.5%-41.3%
 Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/7/2026-3.5%-3.9%-16.3%
3/11/202610.1%-0.5%-16.4%
11/12/2025-10.0%-13.9%4.8%
8/7/2025-1.1%-3.9%-0.8%
5/8/202513.7%43.1%91.6%
3/6/2025-6.2%-11.4%-34.1%
11/7/2024-16.5%-27.5%10.6%
8/13/20249.6%8.3%-29.2%
5/15/2024-9.6%-19.5%-41.3%
SUMMARY STATS   
# Positive323
# Negative676
Median Positive10.1%25.7%10.6%
Median Negative-7.9%-11.4%-22.8%
Max Positive13.7%43.1%91.6%
Max Negative-16.5%-27.5%-41.3%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/07/202610-Q
12/31/202503/12/202610-K
09/30/202511/14/202510-Q
06/30/202508/08/202510-Q
03/31/202505/08/202510-Q
12/31/202403/06/202510-K
09/30/202411/07/202410-Q
06/30/202408/14/2024424B3
03/31/202405/15/202410-Q
12/31/202304/19/2024424B4
09/30/202311/28/2023S-1/A
06/30/202311/01/2023S-1/A
12/31/202202/14/2024DRS
 Collapse to Preview
Report DateFiling DateFiling
03/31/202605/07/202610-Q
12/31/202503/12/202610-K
09/30/202511/14/202510-Q
06/30/202508/08/202510-Q
03/31/202505/08/202510-Q
12/31/202403/06/202510-K
09/30/202411/07/202410-Q
06/30/202408/14/2024424B3
03/31/202405/15/202410-Q
12/31/202304/19/2024424B4
09/30/202311/28/2023S-1/A
06/30/202311/01/2023S-1/A
12/31/202202/14/2024DRS

Insider Activity

Updated 6/18/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value		Value of
Held Shares		Form
1Goldberg, David Michael DirectSell61820267.2010,60076,320252,900Form
2Read, BrianChief Financial OfficerDirectSell61120267.241,49610,8312,295,594Form
3Parang, TourajPresident & COODirectSell61120267.244,21930,5469,399,287Form
4Kashani, AliChief Executive OfficerDirectSell61120267.2415,885115,00723,733,379Form
5Read, BrianChief Financial OfficerDirectSell50820269.262011,8612,949,930Form
 Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value		Value of
Held Shares		Form
1Goldberg, David Michael DirectSell61820267.2010,60076,320252,900Form
2Read, BrianChief Financial OfficerDirectSell61120267.241,49610,8312,295,594Form
3Parang, TourajPresident & COODirectSell61120267.244,21930,5469,399,287Form
4Kashani, AliChief Executive OfficerDirectSell61120267.2415,885115,00723,733,379Form
5Read, BrianChief Financial OfficerDirectSell50820269.262011,8612,949,930Form
6Parang, TourajPresident & COODirectSell50820269.263,88836,00312,060,807Form
7Kashani, AliChief Executive OfficerDirectSell50820269.2614,644135,60330,502,218Form
8Read, BrianChief Financial OfficerDirectSell50820269.292,79025,9192,961,355Form
9Parang, TourajPresident & COODirectSell50820269.295,99355,67512,136,001Form
10Kashani, AliChief Executive OfficerDirectSell50820269.2911,753109,18530,737,080Form
11Read, BrianChief Financial OfficerDirectSell50420269.291,17910,9532,987,274Form
12Read, BrianChief Financial OfficerDirectSell40920268.622001,7242,781,993Form
13Parang, TourajPresident & COODirectSell40920268.623,86133,28211,312,405Form
14Kashani, AliChief Executive OfficerDirectSell40920268.6214,541125,34328,621,615Form
15Read, BrianChief Financial OfficerDirectSell40120268.031,26310,1422,593,184Form
16Armenta, AnthonyChief Software & Data OfficerDirectSell31620269.823,56735,0285,311,825Form
17Abraham, EuanChief Hardware & Mftg OffcrDirectSell31120269.721,39013,5112,290,489Form
18Read, BrianChief Financial OfficerDirectSell31120269.722031,9733,151,224Form
19Parang, TourajPresident & COODirectSell31120269.723,92238,12212,793,513Form
20Kashani, AliChief Executive OfficerDirectSell31120269.7213,500131,22032,415,364Form
21Dunn, EvanGeneral CounselDirectSell30920269.445385,0791,909,655Form
22Read, BrianChief Financial OfficerDirectSell30420269.611,26812,1853,117,513Form
23Armenta, AnthonyChief Software & Data OfficerDirectSell21720269.383,43232,1925,107,279Form
24Read, BrianChief Financial OfficerDirectSell212202610.171851,8813,312,074Form
25Abraham, EuanChief Hardware & Mftg OffcrDirectSell212202610.171,37513,9842,410,666Form
26Parang, TourajPresident & COODirectSell212202610.173,55836,18513,425,692Form
27Kashani, AliChief Executive OfficerDirectSell212202610.179,25994,16434,053,370Form
28Dunn, EvanGeneral CounselDirectSell20920269.566886,5771,939,074Form
29Read, BrianChief Financial OfficerDirectSell205202610.333,18532,9013,366,092Form
30Parang, TourajPresident & COODirectSell205202610.335,99861,95913,673,666Form
31Kashani, AliChief Executive OfficerDirectSell205202610.338,10183,68334,684,762Form
32Dunn, EvanGeneral CounselDirectSell205202610.332,70027,8912,102,362Form
33Armenta, AnthonyChief Software & Data OfficerDirectSell205202610.333,22333,2945,659,993Form
34Abraham, EuanChief Hardware & Mftg OffcrDirectSell205202610.333,28433,9242,462,796Form
35Read, BrianChief Financial OfficerDirectSell205202610.831,54716,7543,563,514Form
36Armenta, AnthonyChief Software & Data OfficerDirectSell114202614.273,89355,5537,864,782Form
37Dunn, EvanGeneral CounselDirectSell107202612.815987,6602,641,678Form
38Read, BrianChief Financial OfficerDirectSell1231202510.371,86319,3193,477,434Form
39Armenta, AnthonyChief Software & Data OfficerDirectSell1216202511.965,00359,8366,638,207Form
40Read, BrianChief Financial OfficerDirectSell1215202513.156,70088,1054,434,167Form
41Parang, TourajPresident & COODirectSell1215202513.075,00065,35017,431,341Form
42Abraham, EuanChief Hardware & Mftg OffcrDirectSell1215202511.871,91722,7552,882,831Form
43Read, BrianChief Financial OfficerDirectSell1215202511.873714,4044,082,081Form
44Parang, TourajPresident & COODirectSell1215202511.876,30074,78115,890,262Form
45Kashani, AliChief Executive OfficerDirectSell1215202511.8716,730198,58540,059,612Form
46Dunn, EvanGeneral CounselDirectSell1209202513.425046,7642,775,498Form
47Read, BrianChief Financial OfficerDirectSell1205202513.057,50097,8754,492,724Form
48Read, BrianChief Financial OfficerDirectSell120320259.822,05720,2003,454,381Form
49Armenta, AnthonyChief Software & Data OfficerDirectSell111820259.3249,082457,2975,217,865Form
50Abraham, EuanChief Hardware & Mftg OffcrDirectSell1106202510.801,84019,8722,643,667Form
51Parang, TourajPresident & COODirectSell1106202510.746,10065,51414,445,203Form
52Kashani, AliChief Executive OfficerDirectSell1106202510.7816,170174,31336,561,362Form
53Armenta, AnthonyChief Software & Data OfficerDirectSell1105202511.633,54541,2287,084,054Form
54Dunn, EvanGeneral CounselDirectSell1105202511.622,98734,7092,409,082Form
55Abraham, EuanChief Hardware & Mftg OffcrDirectSell1105202511.693,91545,7662,883,035Form
56Parang, TourajPresident & COODirectSell1105202511.789,500111,91015,915,852Form
57Kashani, AliChief Executive OfficerDirectSell1105202511.6313,310154,79539,632,272Form
58Read, BrianChief Financial OfficerDirectSell1030202513.321,27016,9164,712,976Form
59Abraham, EuanChief Hardware & Mftg OffcrDirectSell1017202517.9925,000449,7504,507,197Form
60Dunn, EvanGeneral CounselDirectSell1007202515.0920,458308,7253,173,700Form
61Abraham, EuanChief Hardware & Mftg OffcrDirectSell1007202515.191,48022,4813,805,687Form
62Read, BrianChief Financial OfficerDirectSell1007202515.291762,6915,429,433Form
63Parang, TourajPresident & COODirectSell1007202515.254,82573,58120,749,013Form
64Kashani, AliChief Executive OfficerDirectSell1007202515.0812,930194,98451,589,766Form
65Read, BrianChief Financial OfficerDirectSell930202511.701,22514,3324,156,694Form
66Goldberg, David Michael DirectSell924202513.585,00067,900620,946Form
67Abraham, EuanChief Hardware & Mftg OffcrDirectSell922202514.9925,000374,7503,403,015Form
68Read, BrianChief Financial OfficerDirectSell918202512.703,94150,0514,527,525Form
69Abraham, EuanChief Hardware & Mftg OffcrDirectSell918202512.388,433104,4013,119,995Form
70Read, BrianChief Financial OfficerDirectSell911202511.544,31949,8204,157,664Form
71Abraham, EuanChief Hardware & Mftg OffcrDirectSell908202510.6012,603133,5922,760,791Form
72Read, BrianChief Financial OfficerDirectSell908202510.447,17574,9323,809,337Form
73Parang, TourajPresident & COODirectSell908202510.3553,690555,69214,132,056Form
74Kashani, AliChief Executive OfficerDirectSell908202510.33164,7351,701,71335,473,241Form
75Read, BrianChief Financial OfficerDirectSell902202510.181,33013,5393,786,278Form
76Vincent, Olivier DirectSell829202511.498,00091,928251,975Form
77Read, BrianChief Financial OfficerDirectSell82520259.8210,216100,3213,665,443Form
78Dunn, EvanGeneral CounselDirectSell825202510.015,00050,0502,309,978Form
79Read, BrianChief Financial OfficerDirectSell81820259.8210,195100,1453,766,914Form
80Armenta, AnthonyChief Software & Data OfficerDirectSell806202510.682,91531,1326,543,252Form
81Dunn, EvanGeneral CounselDirectSell806202510.682,01521,5202,517,992Form
82Read, BrianChief Financial OfficerDirectSell806202510.642,59227,5794,188,691Form
83Abraham, EuanChief Hardware & Mftg OffcrDirectSell806202510.642,13022,6632,905,305Form
84Parang, TourajPresident & COODirectSell806202510.645,56559,21215,099,288Form
85Kashani, AliChief Executive OfficerDirectSell806202510.747,46780,19638,650,435Form
86Read, BrianChief Financial OfficerDirectSell730202510.461,21212,6744,143,754Form
87Read, BrianChief Financial OfficerDirectSell701202510.831,29113,9822,343,764Form
88Goldberg, David Michael DirectSell623202510.6310,700113,748539,242Form
89Read, BrianChief Financial OfficerDirectSell609202512.592,00025,1802,740,906Form
90Read, BrianChief Financial OfficerDirectSell602202511.561,29514,9772,540,888Form

Industry Resources

Industrials Resources
IndustryWeek
Manufacturing.net
Aviation Week
Industrial Machinery & Supplies & Components Resources
Machine Design
Modern Machine Shop
Industrial Equipment News (IEN)

External Quote Links


Prefer one of these to Trefis? Tell us why.
Core Cache Last Updated: 7/9/2026