Tearsheet

Serve Robotics (SERV)


Market Price (4/8/2026): $8.63 | Market Cap: $636.2 Mil
Sector: Information Technology | Industry: IT Services

Serve Robotics (SERV)


Market Price (4/8/2026): $8.63
Market Cap: $636.2 Mil
Sector: Information Technology
Industry: IT Services

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 -39%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 46%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -39%

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 -131%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -113 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -4253%

Expensive valuation multiples
P/SPrice/Sales ratio is 223x

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 802%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -3026%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4450%

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 -21%

High stock price volatility
Vol 12M is 100%

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 26%

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 -39%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 46%
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 -39%
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 -131%
5 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -113 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -4253%
6 Expensive valuation multiples
P/SPrice/Sales ratio is 223x
7 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 802%
8 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -3026%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4450%
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 -21%
10 High stock price volatility
Vol 12M is 100%
11 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 26%
12 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.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Serve Robotics (SERV) stock has lost about 25% since 12/31/2025 because of the following key factors:

1. Persistent Operating Losses and High Cash Burn Projections.

Serve Robotics continued to incur substantial financial losses, reporting a GAAP net loss of $101.4 million for the full fiscal year 2025. Looking ahead, management projects non-GAAP operating expenses of $160 million to $170 million for 2026. This heavy spending is further underscored by planned capital expenditures of approximately $25 million in 2026, which nearly matches the anticipated $26 million in revenue for the same period, signaling continued significant cash utilization despite a strong liquidity position of $260 million as of December 31, 2025.

2. High Valuation Coupled with Declining Revenue per Robot.

The company's stock was trading at a forward 12-month price-to-sales (P/S) multiple of 25.11 in late February 2026, considerably higher than the industry average of 12.85. This elevated valuation implies aggressive growth expectations that may be difficult to sustain. Compounding this, analysis from March 2026 indicated that the revenue generated per active robot was declining, raising concerns about the efficiency of monetizing the expanding robot fleet and the long-term economics of the business model.

Show more

Stock Movement Drivers

Fundamental Drivers

The -22.6% change in SERV stock from 12/31/2025 to 4/7/2026 was primarily driven by a -31.8% change in the company's P/S Multiple.
(LTM values as of)123120254072026Change
Stock Price ($)10.388.03-22.6%
Change Contribution By: 
Total Revenues ($ Mil)2336.3%
P/S Multiple327.3223.3-31.8%
Shares Outstanding (Mil)6174-16.8%
Cumulative Contribution-22.6%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/7/2026
ReturnCorrelation
SERV-22.6% 
Market (SPY)-5.4%51.9%
Sector (XLK)-4.5%53.2%

Fundamental Drivers

The -31.0% change in SERV stock from 9/30/2025 to 4/7/2026 was primarily driven by a -50.6% change in the company's P/S Multiple.
(LTM values as of)93020254072026Change
Stock Price ($)11.638.03-31.0%
Change Contribution By: 
Total Revenues ($ Mil)1379.1%
P/S Multiple451.8223.3-50.6%
Shares Outstanding (Mil)5874-22.0%
Cumulative Contribution-31.0%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/7/2026
ReturnCorrelation
SERV-31.0% 
Market (SPY)-2.9%50.6%
Sector (XLK)-2.3%50.9%

Fundamental Drivers

The 39.7% change in SERV stock from 3/31/2025 to 4/7/2026 was primarily driven by a 50.3% change in the company's P/S Multiple.
(LTM values as of)33120254072026Change
Stock Price ($)5.758.0339.7%
Change Contribution By: 
Total Revenues ($ Mil)2346.3%
P/S Multiple148.6223.350.3%
Shares Outstanding (Mil)4774-36.5%
Cumulative Contribution39.7%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/7/2026
ReturnCorrelation
SERV39.7% 
Market (SPY)16.3%49.0%
Sector (XLK)33.7%50.4%

Fundamental Drivers

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Market Drivers

3/31/2023 to 4/7/2026
ReturnCorrelation
SERV  
Market (SPY)63.3%20.7%
Sector (XLK)85.6%20.1%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
SERV Return----46%-23%-20%-67%
Peers Return32%-30%78%6%43%3%159%
S&P 500 Return27%-19%24%23%16%-3%76%

Monthly Win Rates [3]
SERV Win Rate---40%58%25% 
Peers Win Rate63%40%57%50%55%40% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
SERV Max Drawdown----93%-62%-26% 
Peers Max Drawdown-5%-44%-9%-23%-32%-14% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[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 4/7/2026 (YTD)

How Low Can It Go

SERV has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.

Unique KeyEventXLKS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-34.0%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven51.6%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven278 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-31.5%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven46.0%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven79 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-24.1%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven31.8%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven105 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-53.6%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven115.3%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1,183 days1,480 days

Compare to TRMB, ZBRA, TER, ROK, SYM

In The Past

SPDR Select Sector Fund's stock fell -34.0% during the 2022 Inflation Shock from a high on 12/27/2021. A -34.0% loss requires a 51.6% 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)

We are on a mission to deliver a sustainable future by transforming how goods move among people. Serve has developed an advanced, AI-powered robotics mobility platform, with last-mile delivery in cities as its first application. According to the U.S. Bureau of Transportation Statistics in 2017, 45% of car trips in the United States are taken for shopping and errands, and in 2019, FedEx stated that over 60% of merchants’ customers live within three miles of a store location. By eliminating unnecessary car traffic, and by reducing the cost of last-mile transportation, Serve aims to reshape cities into sustainable, safe, and people-friendly environments, with thriving local economies. Serve’s first product is a low-emissions robot that serves people in public spaces, starting with last-mile food delivery. In 2017, our core technology development began with our co-founders and a growing product and engineering team. In 2020, the team launched a fleet of sidewalk delivery robots (hereafter simply referred to as “delivery robots”) in Los Angeles performing contactless deliveries during the COVID-19 pandemic shutdowns. By the end of that year, Serve robots had successfully completed over 10,000 commercial deliveries for Postmates Inc. (“Postmates”) in California, augmenting Postmates’ fleet of human couriers. Postmates was acquired by Uber Technologies, Inc. (“Uber”) in 2020, and in February of 2021, Uber’s leadership team agreed to contribute the intellectual property developed by the team and assets relating to this project to Serve. In return for this contribution and an investment of cash into the Company, Uber acquired a minority equity interest in the business. By the end of the first quarter of 2021, the majority of the team that had worked on this project at Postmates joined Serve as full-time employees. After spinning off from Uber in 2021, Serve established a commercial partnership with Uber, with deliveries starting in January 2022 on a small scale. In May 2022, Uber announced a pilot program with Serve, and by June, it executed a commercial-scale agreement with Serve to deploy up to 2,000 of its robots across the United States. Serve’s current fleet consists of over 100 robots, and we plan to expand our fleet by building and deploying hundreds of new robots in the coming years after raising additional rounds of financing. We have platform-level integrations with the Uber Eats division of Uber and 7-Eleven, Inc. Our strategic investors include NVIDIA, Uber, 7-Ventures and Delivery Hero’s corporate venture units, alongside other world-class investors. Because we started within a food delivery company, our team comes with a depth of expertise in food delivery. Additionally, our engineering team has extensive experience in AI, automation and robotics. Our leadership team includes veterans from Uber, Postmates, Waymo, Apple Inc., Blue Origin, LLC, GoPro, Inc., GoDaddy Inc. and Anki, Inc. We believe our expertise positions us to service the ever-growing on-demand delivery market, including food delivery. Based on our proprietary historical delivery data, approximately half of all food delivery distances in the United States are less than 2.5 miles, making these deliveries well-suited to delivery by sidewalk robots. We provide a robotic delivery experience that can delight customers, improve reliability for merchants and reduce traffic congestion and vehicle emissions. Moreover, at scale with full utilization and high autonomy, we believe our robots have the potential to reduce average delivery cost to under $1.00, lower than delivery cost by human couriers today, making on-demand delivery more affordable and accessible in the areas in which we operate. In fact, according to a 2024 ARK Invest report, by using automation to reduce delivery costs, the potential market for food and parcel delivery by robots and drones may grow to as much as $450 billion globally in 2030. We were incorporated in Delaware as Patricia Acquisition Corp. on November 9, 2020. On July 31, 2023, Serve Acquisition Corp. merged with and into Serve. Following the Merger, Serve was the surviving entity and became our wholly-owned subsidiary. The business of Serve became our business as a result of the Merger. Following the consummation of the Merger, Serve changed its name to “Serve Operating Co.” Immediately after completion of the Merger, we changed our name to “Serve Robotics Inc.” Our principal executive offices are located at 730 Broadway, Redwood City, California 94063.

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

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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

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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.

Trade Ideas

Select ideas related to SERV.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
PANW_3312026_Insider_Buying_GTE_1Mil_EBITp+DE_V203312026PANWPalo Alto NetworksInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
0.0%0.0%0.0%
ALKT_3312026_Insider_Buying_45D_2Buy_200K03312026ALKTAlkami TechnologyInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days
0.0%0.0%0.0%
DBX_3272026_Dip_Buyer_FCFYield03272026DBXDropboxDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
2.6%2.6%0.0%
DLB_3272026_Dip_Buyer_FCFYield03272026DLBDolby LaboratoriesDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
3.5%3.5%0.0%
PTC_3272026_Dip_Buyer_FCFYield03272026PTCPTCDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
3.5%3.5%0.0%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

SERVTRMBZBRATERROKSYMMedian
NameServe Ro.Trimble Zebra Te.Teradyne Rockwell.Symbotic  
Mkt Price8.0364.21212.51320.48369.3751.58138.36
Mkt Cap0.615.210.750.141.56.012.9
Rev LTM33,5875,3963,1908,5662,3903,389
Op Inc LTM-1136118006891,543-58650
FCF LTM-1183618314501,235780615
FCF 3Y Avg-754715654501,113330461
CFO LTM-803869176741,414853764
CFO 3Y Avg-595056426441,317377573

Growth & Margins

SERVTRMBZBRATERROKSYMMedian
NameServe Ro.Trimble Zebra Te.Teradyne Rockwell.Symbotic  
Rev Chg LTM46.3%-2.6%8.3%13.1%5.8%24.8%10.7%
Rev Chg 3Y Avg--0.8%-1.2%1.1%3.4%51.0%1.1%
Rev Chg Q401.1%-1.4%10.6%43.9%11.9%29.4%20.7%
QoQ Delta Rev Chg LTM36.3%-0.4%2.7%11.6%2.7%6.4%4.5%
Op Mgn LTM-4,253.0%17.0%14.8%21.6%18.0%-2.4%15.9%
Op Mgn 3Y Avg-5,214.8%14.3%14.3%20.2%16.7%-7.3%14.3%
QoQ Delta Op Mgn LTM169.7%1.1%-0.5%2.7%1.0%1.6%1.3%
CFO/Rev LTM-3,026.3%10.8%17.0%21.1%16.5%35.7%16.8%
CFO/Rev 3Y Avg-5,049.3%13.6%12.4%22.3%15.3%17.5%14.5%
FCF/Rev LTM-4,449.6%10.1%15.4%14.1%14.4%32.6%14.3%
FCF/Rev 3Y Avg-5,712.7%12.7%10.9%15.6%12.9%15.2%12.8%

Valuation

SERVTRMBZBRATERROKSYMMedian
NameServe Ro.Trimble Zebra Te.Teradyne Rockwell.Symbotic  
Mkt Cap0.615.210.750.141.56.012.9
P/S223.34.22.015.74.82.54.5
P/EBIT-5.626.116.075.934.7-102.221.0
P/E-5.835.925.490.541.9-548.530.7
P/CFO-7.439.411.674.329.37.020.5
Total Yield-17.1%2.8%3.9%1.3%3.8%-0.2%2.0%
Dividend Yield0.0%0.0%0.0%0.2%1.4%0.0%0.0%
FCF Yield 3Y Avg-3.0%3.7%2.1%3.0%6.1%3.0%
D/E0.00.10.30.00.10.00.0
Net D/E-0.40.10.2-0.00.1-0.30.0

Returns

SERVTRMBZBRATERROKSYMMedian
NameServe Ro.Trimble Zebra Te.Teradyne Rockwell.Symbotic  
1M Rtn-14.9%-8.4%-3.3%17.4%-0.1%6.1%-1.7%
3M Rtn-38.7%-21.3%-17.5%40.1%-10.3%-26.8%-19.4%
6M Rtn-43.6%-19.0%-28.4%129.0%8.1%-24.6%-21.8%
12M Rtn47.9%14.6%-4.9%341.4%64.8%177.9%56.3%
3Y Rtn-67.9%31.1%-29.2%223.2%42.9%102.9%37.0%
1M Excs Rtn-13.1%-6.5%-1.4%19.2%1.7%7.9%0.1%
3M Excs Rtn-32.5%-14.9%-11.8%50.2%-4.3%-20.7%-13.3%
6M Excs Rtn-37.3%-19.0%-28.9%121.8%7.9%-16.8%-17.9%
12M Excs Rtn25.8%-16.1%-33.5%305.8%34.2%160.2%30.0%
3Y Excs Rtn-131.2%-38.2%-94.6%138.2%-28.1%69.3%-33.2%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024
Software services1 
Fleet services1 
Single Segment 0
Total20


Price Behavior

Price Behavior
Market Price$8.03 
Market Cap ($ Bil)0.6 
First Trading Date03/07/2024 
Distance from 52W High-54.6% 
   50 Days200 Days
DMA Price$9.72$11.20
DMA Trenddowndown
Distance from DMA-17.4%-28.3%
 3M1YR
Volatility86.9%100.7%
Downside Capture1.902.50
Upside Capture169.07354.14
Correlation (SPY)49.4%49.7%
SERV Betas & Captures as of 3/31/2026

 1M2M3M6M1Y3Y
Beta3.193.883.564.112.58-0.26
Up Beta7.628.916.573.471.980.35
Down Beta3.862.714.124.892.221.32
Up Capture359%425%357%665%1549%1560%
Bmk +ve Days7162765139424
Stock +ve Days9183058118240
Down Capture218%278%214%249%172%113%
Bmk -ve Days12233358110323
Stock -ve Days13243367131270

[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
SERV57.0%100.5%0.89-
Sector ETF (XLK)41.6%26.1%1.2950.0%
Equity (SPY)21.3%18.3%0.9448.5%
Gold (GLD)51.9%28.0%1.490.7%
Commodities (DBC)20.3%17.2%1.029.4%
Real Estate (VNQ)6.9%16.1%0.2325.5%
Bitcoin (BTCUSD)-17.5%44.0%-0.3141.1%

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-21.5%198.8%0.55-
Sector ETF (XLK)16.9%24.7%0.6120.1%
Equity (SPY)11.7%17.0%0.5320.7%
Gold (GLD)22.5%17.8%1.04-0.5%
Commodities (DBC)12.0%18.8%0.520.4%
Real Estate (VNQ)3.4%18.8%0.099.8%
Bitcoin (BTCUSD)3.1%56.5%0.2818.0%

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-11.4%198.8%0.55-
Sector ETF (XLK)21.4%24.3%0.8120.1%
Equity (SPY)13.9%17.9%0.6720.7%
Gold (GLD)13.9%15.9%0.73-0.5%
Commodities (DBC)8.4%17.6%0.400.4%
Real Estate (VNQ)4.9%20.7%0.209.8%
Bitcoin (BTCUSD)66.6%66.8%1.0618.0%

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Short Interest

Short Interest: As Of Date3132026
Short Interest: Shares Quantity19.0 Mil
Short Interest: % Change Since 22820268.1%
Average Daily Volume5.0 Mil
Days-to-Cover Short Interest3.8 days
Basic Shares Quantity73.7 Mil
Short % of Basic Shares25.7%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
3/11/202610.1%-0.5% 
11/12/2025-10.0%-13.9%4.8%
8/7/2025-1.1%-3.9%-0.8%
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   
# Positive212
# Negative564
Median Positive9.9%8.3%7.7%
Median Negative-9.6%-12.7%-31.7%
Max Positive10.1%8.3%10.6%
Max Negative-16.5%-27.5%-41.3%

SEC Filings

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Report DateFiling DateFiling
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

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Dunn, EvanGeneral CounselDirectSell107202612.815987,6602,641,678Form
2Read, BrianChief Financial OfficerDirectSell1231202510.371,86319,3193,477,434Form
3Armenta, AnthonyChief Software & Data OfficerDirectSell1216202511.965,00359,8366,638,207Form
4Abraham, EuanChief Hardware & Mftg OffcrDirectSell1215202511.871,91722,7552,882,831Form
5Read, BrianChief Financial OfficerDirectSell1215202511.873714,4044,082,081Form