Serve Robotics (SERV)
Market Price (10/9/2026): $4.365 | Market Cap: $350.6 MilSector: Industrials | Industry: Air Freight & Logistics
Serve Robotics (SERV)
Market Price (10/9/2026): $4.365Market Cap: $350.6 MilSector: IndustrialsIndustry: Air Freight & Logistics
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -63% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 426% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -63% Megatrend and thematic driversMegatrends include Autonomous Technologies, and E-commerce & Digital Retail. Themes include Machine Vision, Machine Learning, Show more. | Weak multi-year price returns2Y Excs Rtn is -80%, 3Y Excs Rtn is -166% Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 11.45 | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -193 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2477% Expensive valuation multiplesP/SPrice/Sales ratio is 46x Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 449% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1791%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2179% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -54% Significant short interestShort 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 40% Key risksSERV 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. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -63% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 426% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -63% |
| Megatrend and thematic driversMegatrends include Autonomous Technologies, and E-commerce & Digital Retail. Themes include Machine Vision, Machine Learning, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -80%, 3Y Excs Rtn is -166% |
| Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 11.45 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -193 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2477% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 46x |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 449% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1791%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2179% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -54% |
| Significant short interestShort 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 40% |
| Key risksSERV 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. |
Qualitative Assessment
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Serve Robotics (SERV) stock has lost about 30% since 6/30/2026 because of the following key factors:
1. Serve Robotics significantly reduced its full-year 2026 revenue guidance. The company cut its 2026 revenue outlook from approximately $26 million to a range of $9-$10 million, representing a substantial reduction of 61% to 65%. This downward revision, announced around the time of its Q2 2026 earnings, was primarily attributed to lower-than-expected delivery volume from Uber Eats and the removal of projected second-half demand.
2. Serve Robotics reported a Q2 2026 earnings miss and saw widening loss estimates. On August 6, 2026, the company reported Q2 2026 revenue of $3.2 million, falling short of the consensus estimate of $3.51 million. Additionally, its earnings per share (EPS) of -$0.80 missed analysts' consensus estimates of -$0.69. The Zacks Consensus Estimate for Serve Robotics' loss per share for fiscal year 2026 subsequently widened to $2.71, implying a 66.3% year-over-year decline.
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Serve Robotics (SERV) stock has lost about 30% since 6/30/2026 because of the following key factors:
1. Serve Robotics significantly reduced its full-year 2026 revenue guidance. The company cut its 2026 revenue outlook from approximately $26 million to a range of $9-$10 million, representing a substantial reduction of 61% to 65%. This downward revision, announced around the time of its Q2 2026 earnings, was primarily attributed to lower-than-expected delivery volume from Uber Eats and the removal of projected second-half demand.
2. Serve Robotics reported a Q2 2026 earnings miss and saw widening loss estimates. On August 6, 2026, the company reported Q2 2026 revenue of $3.2 million, falling short of the consensus estimate of $3.51 million. Additionally, its earnings per share (EPS) of -$0.80 missed analysts' consensus estimates of -$0.69. The Zacks Consensus Estimate for Serve Robotics' loss per share for fiscal year 2026 subsequently widened to $2.71, implying a 66.3% year-over-year decline.
3. High short interest indicates significant market skepticism. As of the end of September 2026, Serve Robotics had 37.02% of its outstanding shares shorted, making it the highest in the consumer discretionary sector. This elevated bearish sentiment highlights investor skepticism regarding the company's financial challenges and operational setbacks.
4. Aggregate insider selling exceeded $5 million over the past 12 months, and concerns about cash burn persisted. Insider activity revealed consistent selling over the past 12 months with no insider purchases, totaling $5.3 million in shares sold. This, combined with the first-half 2026 operating cash burn reaching $84.7 million, fueled concerns about the company's liquidity and the potential for future dilutive equity raises.
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Stock Movement Drivers
Fundamental Drivers
The -32.4% change in SERV stock from 6/30/2026 to 10/8/2026 was primarily driven by a -51.9% change in the company's P/S Multiple.| (LTM values as of) | 6302026 | 10082026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.58 | 4.45 | -32.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5 | 8 | 50.0% |
| P/S Multiple | 95.4 | 45.9 | -51.9% |
| Shares Outstanding (Mil) | 75 | 80 | -6.2% |
| Cumulative Contribution | -32.4% |
Market Drivers
6/30/2026 to 10/8/2026| Return | Correlation | |
|---|---|---|
| SERV | -32.4% | |
| Market (SPY) | 3.6% | 54.0% |
| Sector (XLI) | -9.1% | 35.5% |
Fundamental Drivers
The -47.3% change in SERV stock from 3/31/2026 to 10/8/2026 was primarily driven by a -80.5% change in the company's P/S Multiple.| (LTM values as of) | 3312026 | 10082026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.44 | 4.45 | -47.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3 | 8 | 193.9% |
| P/S Multiple | 234.7 | 45.9 | -80.5% |
| Shares Outstanding (Mil) | 74 | 80 | -8.2% |
| Cumulative Contribution | -47.3% |
Market Drivers
3/31/2026 to 10/8/2026| Return | Correlation | |
|---|---|---|
| SERV | -47.3% | |
| Market (SPY) | 19.3% | 55.6% |
| Sector (XLI) | 4.4% | 30.3% |
Fundamental Drivers
The -61.7% change in SERV stock from 9/30/2025 to 10/8/2026 was primarily driven by a -89.9% change in the company's P/S Multiple.| (LTM values as of) | 9302025 | 10082026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.63 | 4.45 | -61.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1 | 8 | 426.4% |
| P/S Multiple | 452.0 | 45.9 | -89.9% |
| Shares Outstanding (Mil) | 58 | 80 | -28.4% |
| Cumulative Contribution | -61.7% |
Market Drivers
9/30/2025 to 10/8/2026| Return | Correlation | |
|---|---|---|
| SERV | -61.7% | |
| Market (SPY) | 17.1% | 52.5% |
| Sector (XLI) | 10.1% | 37.3% |
Fundamental Drivers
nullnull
Market Drivers
9/30/2023 to 10/8/2026| Return | Correlation | |
|---|---|---|
| SERV | ||
| Market (SPY) | 87.3% | 22.7% |
| Sector (XLI) | 72.7% | 20.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SERV Return | - | - | - | -46% | -23% | -55% | -81% |
| Peers Return | 32% | -30% | 78% | 6% | 43% | 27% | 219% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 14% | 108% |
Monthly Win Rates [3] | |||||||
| SERV Win Rate | - | - | - | 40% | 58% | 40% | |
| Peers Win Rate | 63% | 40% | 57% | 50% | 55% | 56% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| SERV Max Drawdown | - | - | - | - | -78% | -72% | |
| Peers Max Drawdown | -18% | -53% | -37% | -31% | -41% | -34% | |
| 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 10/8/2026 (YTD)
How Low Can It Go
| Event | SERV | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -61.6% | -18.8% |
| % Gain to Breakeven | 160.5% | 23.1% |
| Time to Breakeven | 164 days | 79 days |
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.
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| Event | SERV | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -61.6% | -18.8% |
| % Gain to Breakeven | 160.5% | 23.1% |
| Time to Breakeven | 164 days | 79 days |
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.
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- Uber Eats, but with robots handling the deliveries.
- Think of them as the Waymo or Cruise for delivering goods on sidewalks.
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- 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.
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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.
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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..
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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.
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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.
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Serve Robotics (SERV) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:
- 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.
- 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.
- 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.
- 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.
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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.
Peer Outperformance in Air Freight & Logistics
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 0.6% | 121.3% | 191.4% | FIX 2120% · STRL 2118% · CDNL 1828% |
| Marine Transportation | 5 | 102.6% | 68.1% | 165.6% | HOS 40058% · MATX 195% · KEX 166% |
| Construction Machinery & Heavy Transportation Equipment | 13 | -3.9% | 42.7% | 93.9% | CAT 345% · ALSN 230% · WAB 222% |
| Aerospace & Defense | 54 | -19.0% | 68.3% | 61.3% | ATI 1010% · FTAI 848% · HWM 614% |
| Industrial Machinery & Supplies & Components | 72 | 8.3% | 42.0% | 45.7% | PSIX 1160% · CRS 1131% · EROC 602% |
| Rail Transportation | 7 | 22.1% | 58.9% | 43.8% | FSTR 127% · CSX 55% · RAIL 46% |
| Trading Companies & Distributors | 19 | 3.2% | 32.3% | 42.1% | DXPE 467% · AIT 261% · URI 218% |
| Cargo Ground Transportation | 16 | 30.1% | 1.3% | 31.9% | XPO 282% · R 219% · CVLG 145% |
| Diversified Support Services | 32 | 4.8% | 25.8% | 26.8% | LIME 3310% · TH 364% · CXW 248% |
| Electrical Components & Equipment | 39 | -0.9% | 56.4% | 26.3% | POWL 2269% · BE 1325% · VRT 992% |
| Building Products | 33 | -15.4% | 1.9% | 16.4% | LMB 723% · GFF 340% · PPIH 261% |
| Industrial Conglomerates | 17 | 6.8% | 2.2% | -2.3% | RCMT 575% · CSW 115% · DD 73% |
| Agricultural & Farm Machinery | 17 | 6.0% | -5.2% | -7.2% | BLBD 178% · DE 103% · GENC 62% |
| Environmental & Facilities Services | 30 | -37.6% | 17.9% | -8.5% | CECO 819% · ADUR 406% · NVRI 321% |
| Research & Consulting Services | 13 | -5.5% | -26.5% | -12.4% | HURN 229% · CRAI 76% · GRNQ 30% |
| Passenger Ground Transportation | 3 | -24.8% | 46.8% | -16.2% | UBER 47% · CAR -16% · LYFT -71% |
| Security & Alarm Services | 9 | -43.0% | 33.6% | -16.6% | CIX 165% · MG 113% · BCO 70% |
| Data Processing & Outsourced Services | 6 | -31.1% | -11.5% | -23.6% | EXLS 46% · BR 7% · G -22% |
| Office Services & Supplies | 9 | 21.8% | 18.3% | -24.8% | PBI 184% · TILE 125% · HNI 47% |
| Passenger Airlines | 11 | 9.0% | 21.7% | -33.9% | LTM 3351% · UAL 119% · DAL 96% |
| Air Freight & Logistics ← | 12 | -25.8% | -27.6% | -36.5% | FDX 80% · EXPD 80% · CHRW 76% |
| Human Resource & Employment Services | 22 | 8.2% | -19.5% | -41.3% | BBSI 67% · ADP 47% · KFY 6% |
| Airport Services | 3 | -76.3% | -78.7% | -71.6% | JOBY -37% · ASLE -72% · UP -100% |
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Peer Comparisons
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 222.80 |
| Mkt Cap | 16.2 |
| Rev LTM | 4,123 |
| Op Inc LTM | 820 |
| FCF LTM | 798 |
| FCF 3Y Avg | 572 |
| CFO LTM | 937 |
| CFO 3Y Avg | 684 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 16.7% |
| Rev Chg 3Y Avg | 11.3% |
| Rev Chg Q | 21.1% |
| QoQ Delta Rev Chg LTM | 4.9% |
| Op Inc Chg LTM | 34.2% |
| Op Inc Chg 3Y Avg | 13.1% |
| Op Mgn LTM | 17.1% |
| Op Mgn 3Y Avg | 14.5% |
| QoQ Delta Op Mgn LTM | 1.7% |
| CFO/Rev LTM | 20.2% |
| CFO/Rev 3Y Avg | 15.6% |
| FCF/Rev LTM | 17.3% |
| FCF/Rev 3Y Avg | 14.1% |
Price Behavior
| Market Price | $4.45 | |
| Market Cap ($ Bil) | 0.4 | |
| First Trading Date | 03/07/2024 | |
| Distance from 52W High | -74.8% | |
| 50 Days | 200 Days | |
| DMA Price | $4.77 | $8.03 |
| DMA Trend | down | down |
| Distance from DMA | -6.8% | -44.6% |
| 3M | 1YR | |
| Volatility | 69.7% | 86.7% |
| Downside Capture | 383.29 | 449.00 |
| Upside Capture | 163.82 | 246.37 |
| Correlation (SPY) | 52.0% | 52.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.63 | 2.84 | 3.46 | 3.05 | 3.56 | -0.19 |
| Up Beta | -1.30 | 2.42 | 4.29 | 3.54 | 3.26 | 0.34 |
| Down Beta | 10.64 | 7.51 | 5.51 | 2.83 | 4.11 | 0.71 |
| Up Capture | 69% | 228% | 193% | 207% | 628% | 3344% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 10 | 20 | 26 | 54 | 112 | 294 |
| Down Capture | 178% | 261% | 327% | 287% | 188% | 113% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 12 | 22 | 38 | 72 | 139 | 342 |
[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 | -68.9% | 86.6% | -0.97 | - |
| Sector ETF (XLI) | 10.2% | 17.4% | 0.39 | 37.4% |
| Equity (SPY) | 16.7% | 13.0% | 0.91 | 53.0% |
| Gold (GLD) | 3.4% | 29.6% | 0.11 | 20.3% |
| Commodities (DBC) | 45.0% | 20.9% | 1.67 | -5.8% |
| Real Estate (VNQ) | 2.8% | 13.7% | -0.05 | 7.2% |
| Bitcoin (BTCUSD) | -31.7% | 44.2% | -0.73 | 43.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SERV | |
|---|---|---|---|---|
| SERV | -30.2% | 180.6% | 0.37 | - |
| Sector ETF (XLI) | 13.1% | 17.6% | 0.57 | 20.1% |
| Equity (SPY) | 14.0% | 17.1% | 0.63 | 22.7% |
| Gold (GLD) | 18.2% | 18.9% | 0.78 | 2.1% |
| Commodities (DBC) | 10.3% | 19.6% | 0.40 | -2.7% |
| Real Estate (VNQ) | 1.3% | 18.8% | -0.04 | 8.3% |
| Bitcoin (BTCUSD) | 13.7% | 52.2% | 0.43 | 18.4% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SERV | |
|---|---|---|---|---|
| SERV | -16.5% | 180.6% | 0.37 | - |
| Sector ETF (XLI) | 13.1% | 20.1% | 0.57 | 20.1% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 22.7% |
| Gold (GLD) | 11.6% | 16.4% | 0.58 | 2.1% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | -2.7% |
| Real Estate (VNQ) | 4.2% | 20.7% | 0.16 | 8.3% |
| Bitcoin (BTCUSD) | 63.6% | 66.2% | 1.03 | 18.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 10/5/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/5/2026 | |||
| 8/6/2026 | -10.5% | -13.0% | -12.9% |
| 5/7/2026 | -3.5% | -3.9% | -16.3% |
| 3/11/2026 | 10.1% | -0.5% | -16.4% |
| 11/12/2025 | -10.0% | -13.9% | 4.8% |
| 8/7/2025 | -1.1% | -3.9% | -0.8% |
| 5/8/2025 | 13.7% | 43.1% | 91.6% |
| 3/6/2025 | -6.2% | -11.4% | -34.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 3 | 2 | 3 |
| # Negative | 7 | 8 | 7 |
| Median Positive | 10.1% | 25.7% | 10.6% |
| Median Negative | -9.6% | -12.2% | -16.4% |
| Max Positive | 13.7% | 43.1% | 91.6% |
| Max Negative | -16.5% | -27.5% | -41.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/5/2026 | |||
| 8/6/2026 | -10.5% | -13.0% | -12.9% |
| 5/7/2026 | -3.5% | -3.9% | -16.3% |
| 3/11/2026 | 10.1% | -0.5% | -16.4% |
| 11/12/2025 | -10.0% | -13.9% | 4.8% |
| 8/7/2025 | -1.1% | -3.9% | -0.8% |
| 5/8/2025 | 13.7% | 43.1% | 91.6% |
| 3/6/2025 | -6.2% | -11.4% | -34.1% |
| 11/7/2024 | -16.5% | -27.5% | 10.6% |
| 8/13/2024 | 9.6% | 8.3% | -29.2% |
| 5/15/2024 | -9.6% | -19.5% | -41.3% |
| SUMMARY STATS | |||
| # Positive | 3 | 2 | 3 |
| # Negative | 7 | 8 | 7 |
| Median Positive | 10.1% | 25.7% | 10.6% |
| Median Negative | -9.6% | -12.2% | -16.4% |
| Max Positive | 13.7% | 43.1% | 91.6% |
| Max Negative | -16.5% | -27.5% | -41.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 03/12/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/06/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 424B3 |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 04/19/2024 | 424B4 |
| 09/30/2023 | 11/28/2023 | S-1/A |
| 06/30/2023 | 11/01/2023 | S-1/A |
| 12/31/2022 | 02/14/2024 | DRS |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 03/12/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/06/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 424B3 |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 04/19/2024 | 424B4 |
| 09/30/2023 | 11/28/2023 | S-1/A |
| 06/30/2023 | 11/01/2023 | S-1/A |
| 12/31/2022 | 02/14/2024 | DRS |
Insider Activity
Updated 8/19/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Read, Brian | Chief Financial Officer | Direct | Sell | 8192026 | 4.80 | 9,700 | 46,560 | 1,324,810 | Form |
| 2 | Read, Brian | Chief Financial Officer | Direct | Sell | 8192026 | 4.56 | 6,129 | 27,948 | 1,302,801 | Form |
| 3 | Kashani, Ali | Chief Executive Officer | Direct | Sell | 8192026 | 4.56 | 45,158 | 205,920 | 14,742,174 | Form |
| 4 | Parang, Touraj | President & COO | Direct | Sell | 8192026 | 4.55 | 37,993 | 172,703 | 5,728,650 | Form |
| 5 | Read, Brian | Chief Financial Officer | Direct | Sell | 8192026 | 5.24 | 25,240 | 132,258 | 1,529,194 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Read, Brian | Chief Financial Officer | Direct | Sell | 8192026 | 4.80 | 9,700 | 46,560 | 1,324,810 | Form |
| 2 | Read, Brian | Chief Financial Officer | Direct | Sell | 8192026 | 4.56 | 6,129 | 27,948 | 1,302,801 | Form |
| 3 | Kashani, Ali | Chief Executive Officer | Direct | Sell | 8192026 | 4.56 | 45,158 | 205,920 | 14,742,174 | Form |
| 4 | Parang, Touraj | President & COO | Direct | Sell | 8192026 | 4.55 | 37,993 | 172,703 | 5,728,650 | Form |
| 5 | Read, Brian | Chief Financial Officer | Direct | Sell | 8192026 | 5.24 | 25,240 | 132,258 | 1,529,194 | Form |
| 6 | Goldberg, David Michael | Direct | Sell | 6182026 | 7.20 | 10,600 | 76,320 | 252,900 | Form | |
| 7 | Read, Brian | Chief Financial Officer | Direct | Sell | 6112026 | 7.24 | 1,496 | 10,831 | 2,295,594 | Form |
| 8 | Parang, Touraj | President & COO | Direct | Sell | 6112026 | 7.24 | 4,219 | 30,546 | 9,399,287 | Form |
| 9 | Kashani, Ali | Chief Executive Officer | Direct | Sell | 6112026 | 7.24 | 15,885 | 115,007 | 23,733,379 | Form |
| 10 | Read, Brian | Chief Financial Officer | Direct | Sell | 5082026 | 9.26 | 201 | 1,861 | 2,949,930 | Form |
| 11 | Parang, Touraj | President & COO | Direct | Sell | 5082026 | 9.26 | 3,888 | 36,003 | 12,060,807 | Form |
| 12 | Kashani, Ali | Chief Executive Officer | Direct | Sell | 5082026 | 9.26 | 14,644 | 135,603 | 30,502,218 | Form |
| 13 | Read, Brian | Chief Financial Officer | Direct | Sell | 5082026 | 9.29 | 2,790 | 25,919 | 2,961,355 | Form |
| 14 | Parang, Touraj | President & COO | Direct | Sell | 5082026 | 9.29 | 5,993 | 55,675 | 12,136,001 | Form |
| 15 | Kashani, Ali | Chief Executive Officer | Direct | Sell | 5082026 | 9.29 | 11,753 | 109,185 | 30,737,080 | Form |
| 16 | Read, Brian | Chief Financial Officer | Direct | Sell | 5042026 | 9.29 | 1,179 | 10,953 | 2,987,274 | Form |
| 17 | Read, Brian | Chief Financial Officer | Direct | Sell | 4092026 | 8.62 | 200 | 1,724 | 2,781,993 | Form |
| 18 | Parang, Touraj | President & COO | Direct | Sell | 4092026 | 8.62 | 3,861 | 33,282 | 11,312,405 | Form |
| 19 | Kashani, Ali | Chief Executive Officer | Direct | Sell | 4092026 | 8.62 | 14,541 | 125,343 | 28,621,615 | Form |
| 20 | Read, Brian | Chief Financial Officer | Direct | Sell | 4012026 | 8.03 | 1,263 | 10,142 | 2,593,184 | Form |
| 21 | Armenta, Anthony | Chief Software & Data Officer | Direct | Sell | 3162026 | 9.82 | 3,567 | 35,028 | 5,311,825 | Form |
| 22 | Abraham, Euan | Chief Hardware & Mftg Offcr | Direct | Sell | 3112026 | 9.72 | 1,390 | 13,511 | 2,290,489 | Form |
| 23 | Read, Brian | Chief Financial Officer | Direct | Sell | 3112026 | 9.72 | 203 | 1,973 | 3,151,224 | Form |
| 24 | Parang, Touraj | President & COO | Direct | Sell | 3112026 | 9.72 | 3,922 | 38,122 | 12,793,513 | Form |
| 25 | Kashani, Ali | Chief Executive Officer | Direct | Sell | 3112026 | 9.72 | 13,500 | 131,220 | 32,415,364 | Form |
| 26 | Dunn, Evan | General Counsel | Direct | Sell | 3092026 | 9.44 | 538 | 5,079 | 1,909,655 | Form |
| 27 | Read, Brian | Chief Financial Officer | Direct | Sell | 3042026 | 9.61 | 1,268 | 12,185 | 3,117,513 | Form |
| 28 | Armenta, Anthony | Chief Software & Data Officer | Direct | Sell | 2172026 | 9.38 | 3,432 | 32,192 | 5,107,279 | Form |
| 29 | Read, Brian | Chief Financial Officer | Direct | Sell | 2122026 | 10.17 | 185 | 1,881 | 3,312,074 | Form |
| 30 | Abraham, Euan | Chief Hardware & Mftg Offcr | Direct | Sell | 2122026 | 10.17 | 1,375 | 13,984 | 2,410,666 | Form |
| 31 | Parang, Touraj | President & COO | Direct | Sell | 2122026 | 10.17 | 3,558 | 36,185 | 13,425,692 | Form |
| 32 | Kashani, Ali | Chief Executive Officer | Direct | Sell | 2122026 | 10.17 | 9,259 | 94,164 | 34,053,370 | Form |
| 33 | Dunn, Evan | General Counsel | Direct | Sell | 2092026 | 9.56 | 688 | 6,577 | 1,939,074 | Form |
| 34 | Read, Brian | Chief Financial Officer | Direct | Sell | 2052026 | 10.33 | 3,185 | 32,901 | 3,366,092 | Form |
| 35 | Parang, Touraj | President & COO | Direct | Sell | 2052026 | 10.33 | 5,998 | 61,959 | 13,673,666 | Form |
| 36 | Kashani, Ali | Chief Executive Officer | Direct | Sell | 2052026 | 10.33 | 8,101 | 83,683 | 34,684,762 | Form |
| 37 | Dunn, Evan | General Counsel | Direct | Sell | 2052026 | 10.33 | 2,700 | 27,891 | 2,102,362 | Form |
| 38 | Armenta, Anthony | Chief Software & Data Officer | Direct | Sell | 2052026 | 10.33 | 3,223 | 33,294 | 5,659,993 | Form |
| 39 | Abraham, Euan | Chief Hardware & Mftg Offcr | Direct | Sell | 2052026 | 10.33 | 3,284 | 33,924 | 2,462,796 | Form |
| 40 | Read, Brian | Chief Financial Officer | Direct | Sell | 2052026 | 10.83 | 1,547 | 16,754 | 3,563,514 | Form |
| 41 | Armenta, Anthony | Chief Software & Data Officer | Direct | Sell | 1142026 | 14.27 | 3,893 | 55,553 | 7,864,782 | Form |
| 42 | Dunn, Evan | General Counsel | Direct | Sell | 1072026 | 12.81 | 598 | 7,660 | 2,641,678 | Form |
| 43 | Read, Brian | Chief Financial Officer | Direct | Sell | 12312025 | 10.37 | 1,863 | 19,319 | 3,477,434 | Form |
| 44 | Armenta, Anthony | Chief Software & Data Officer | Direct | Sell | 12162025 | 11.96 | 5,003 | 59,836 | 6,638,207 | Form |
| 45 | Read, Brian | Chief Financial Officer | Direct | Sell | 12152025 | 13.15 | 6,700 | 88,105 | 4,434,167 | Form |
| 46 | Parang, Touraj | President & COO | Direct | Sell | 12152025 | 13.07 | 5,000 | 65,350 | 17,431,341 | Form |
| 47 | Abraham, Euan | Chief Hardware & Mftg Offcr | Direct | Sell | 12152025 | 11.87 | 1,917 | 22,755 | 2,882,831 | Form |
| 48 | Read, Brian | Chief Financial Officer | Direct | Sell | 12152025 | 11.87 | 371 | 4,404 | 4,082,081 | Form |
| 49 | Parang, Touraj | President & COO | Direct | Sell | 12152025 | 11.87 | 6,300 | 74,781 | 15,890,262 | Form |
| 50 | Kashani, Ali | Chief Executive Officer | Direct | Sell | 12152025 | 11.87 | 16,730 | 198,585 | 40,059,612 | Form |
| 51 | Dunn, Evan | General Counsel | Direct | Sell | 12092025 | 13.42 | 504 | 6,764 | 2,775,498 | Form |
| 52 | Read, Brian | Chief Financial Officer | Direct | Sell | 12052025 | 13.05 | 7,500 | 97,875 | 4,492,724 | Form |
| 53 | Read, Brian | Chief Financial Officer | Direct | Sell | 12032025 | 9.82 | 2,057 | 20,200 | 3,454,381 | Form |
| 54 | Armenta, Anthony | Chief Software & Data Officer | Direct | Sell | 11182025 | 9.32 | 49,082 | 457,297 | 5,217,865 | Form |
| 55 | Abraham, Euan | Chief Hardware & Mftg Offcr | Direct | Sell | 11062025 | 10.80 | 1,840 | 19,872 | 2,643,667 | Form |
| 56 | Parang, Touraj | President & COO | Direct | Sell | 11062025 | 10.74 | 6,100 | 65,514 | 14,445,203 | Form |
| 57 | Kashani, Ali | Chief Executive Officer | Direct | Sell | 11062025 | 10.78 | 16,170 | 174,313 | 36,561,362 | Form |
| 58 | Armenta, Anthony | Chief Software & Data Officer | Direct | Sell | 11052025 | 11.63 | 3,545 | 41,228 | 7,084,054 | Form |
| 59 | Dunn, Evan | General Counsel | Direct | Sell | 11052025 | 11.62 | 2,987 | 34,709 | 2,409,082 | Form |
| 60 | Abraham, Euan | Chief Hardware & Mftg Offcr | Direct | Sell | 11052025 | 11.69 | 3,915 | 45,766 | 2,883,035 | Form |
| 61 | Parang, Touraj | President & COO | Direct | Sell | 11052025 | 11.78 | 9,500 | 111,910 | 15,915,852 | Form |
| 62 | Kashani, Ali | Chief Executive Officer | Direct | Sell | 11052025 | 11.63 | 13,310 | 154,795 | 39,632,272 | Form |
| 63 | Read, Brian | Chief Financial Officer | Direct | Sell | 10302025 | 13.32 | 1,270 | 16,916 | 4,712,976 | Form |
| 64 | Abraham, Euan | Chief Hardware & Mftg Offcr | Direct | Sell | 10172025 | 17.99 | 25,000 | 449,750 | 4,507,197 | Form |
| 65 | Dunn, Evan | General Counsel | Direct | Sell | 10072025 | 15.09 | 20,458 | 308,725 | 3,173,700 | Form |
| 66 | Abraham, Euan | Chief Hardware & Mftg Offcr | Direct | Sell | 10072025 | 15.19 | 1,480 | 22,481 | 3,805,687 | Form |
| 67 | Read, Brian | Chief Financial Officer | Direct | Sell | 10072025 | 15.29 | 176 | 2,691 | 5,429,433 | Form |
| 68 | Parang, Touraj | President & COO | Direct | Sell | 10072025 | 15.25 | 4,825 | 73,581 | 20,749,013 | Form |
| 69 | Kashani, Ali | Chief Executive Officer | Direct | Sell | 10072025 | 15.08 | 12,930 | 194,984 | 51,589,766 | Form |
| 70 | Read, Brian | Chief Financial Officer | Direct | Sell | 9302025 | 11.70 | 1,225 | 14,332 | 4,156,694 | Form |
| 71 | Goldberg, David Michael | Direct | Sell | 9242025 | 13.58 | 5,000 | 67,900 | 620,946 | Form | |
| 72 | Abraham, Euan | Chief Hardware & Mftg Offcr | Direct | Sell | 9222025 | 14.99 | 25,000 | 374,750 | 3,403,015 | Form |
| 73 | Read, Brian | Chief Financial Officer | Direct | Sell | 9182025 | 12.70 | 3,941 | 50,051 | 4,527,525 | Form |
| 74 | Abraham, Euan | Chief Hardware & Mftg Offcr | Direct | Sell | 9182025 | 12.38 | 8,433 | 104,401 | 3,119,995 | Form |
| 75 | Read, Brian | Chief Financial Officer | Direct | Sell | 9112025 | 11.54 | 4,319 | 49,820 | 4,157,664 | Form |
| 76 | Abraham, Euan | Chief Hardware & Mftg Offcr | Direct | Sell | 9082025 | 10.60 | 12,603 | 133,592 | 2,760,791 | Form |
| 77 | Read, Brian | Chief Financial Officer | Direct | Sell | 9082025 | 10.44 | 7,175 | 74,932 | 3,809,337 | Form |
| 78 | Parang, Touraj | President & COO | Direct | Sell | 9082025 | 10.35 | 53,690 | 555,692 | 14,132,056 | Form |
| 79 | Kashani, Ali | Chief Executive Officer | Direct | Sell | 9082025 | 10.33 | 164,735 | 1,701,713 | 35,473,241 | Form |
| 80 | Read, Brian | Chief Financial Officer | Direct | Sell | 9022025 | 10.18 | 1,330 | 13,539 | 3,786,278 | Form |
| 81 | Vincent, Olivier | Direct | Sell | 8292025 | 11.49 | 8,000 | 91,928 | 251,975 | Form | |
| 82 | Read, Brian | Chief Financial Officer | Direct | Sell | 8252025 | 9.82 | 10,216 | 100,321 | 3,665,443 | Form |
| 83 | Dunn, Evan | General Counsel | Direct | Sell | 8252025 | 10.01 | 5,000 | 50,050 | 2,309,978 | Form |
| 84 | Read, Brian | Chief Financial Officer | Direct | Sell | 8182025 | 9.82 | 10,195 | 100,145 | 3,766,914 | Form |
| 85 | Armenta, Anthony | Chief Software & Data Officer | Direct | Sell | 8062025 | 10.68 | 2,915 | 31,132 | 6,543,252 | Form |
| 86 | Dunn, Evan | General Counsel | Direct | Sell | 8062025 | 10.68 | 2,015 | 21,520 | 2,517,992 | Form |
| 87 | Read, Brian | Chief Financial Officer | Direct | Sell | 8062025 | 10.64 | 2,592 | 27,579 | 4,188,691 | Form |
| 88 | Abraham, Euan | Chief Hardware & Mftg Offcr | Direct | Sell | 8062025 | 10.64 | 2,130 | 22,663 | 2,905,305 | Form |
| 89 | Parang, Touraj | President & COO | Direct | Sell | 8062025 | 10.64 | 5,565 | 59,212 | 15,099,288 | Form |
| 90 | Kashani, Ali | Chief Executive Officer | Direct | Sell | 8062025 | 10.74 | 7,467 | 80,196 | 38,650,435 | Form |
Investor Activity (13F)
Updated Oct 9, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Air Freight & Logistics Resources |
| Air Cargo World |
| Logistics Management |
| Journal of Commerce (JOC) |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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