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Serve Robotics (SERV)

Company Profile

Company profile

Ticker

SERV

Exchange

Website

www.serverobotics.com

CEO

Dr. Ali Kashani Ph.D.

Incorporated

Location

Fiscal year end

Sector

Manufacturing > Industrial Machinery and Equipment Merchant Wholesalers

Industry (SIC)

Miscellaneous Transportation Equipment

Polaris • Volta • Tritium DCFC Limited • Massimo Group Common Stock • Blink Charging • ChargePoint • Edge Data Solutions • Wallbox • BRP • ADS-TEC Energy ...

Former names

Patricia Acquisition Corp.

SEC CIK

Corporate docs

Articles of Incorporation & Bylaws

Plans of Reorganization

Material Contracts & Credit Agreements

Subsidiaries Lists

IRS number

853844872

SERV stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Northland Capital Markets

Latest filings (excl ownership)

View all

Prospectus supplement

Prospectus supplement

Prospectus supplement

Prospectus supplement for primary offering

Serve Robotics Announces $80 Million Registered Direct Offering of Common Stock

Serve Robotics Secures $86 Million in New Financing in December, Solidifying Liquidity Position to Transform Last-Mile Delivery

Serve Robotics Announces Appointment of Lily Sarafan to its Board of Directors

Prospectus supplement

Prospectus supplement

Prospectus supplement

Transcripts

Earnings call transcript

Latest ownership filings

View all

Notice of proposed sale of securities

Notice of proposed sale of securities

Notice of proposed sale of securities

Notice of proposed sale of securities

Notice of proposed sale of securities

Notice of proposed sale of securities

Financial summary

Financial statements Chart SERV financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	50.91 mm	50.91 mm	50.91 mm	50.91 mm	50.91 mm	50.91 mm
Cash burn (monthly)	(no burn)	(no burn)	2.82 mm	2.63 mm	1.82 mm	1.58 mm
Cash used (since last report)	n/a	n/a	11.77 mm	10.99 mm	7.61 mm	6.60 mm
Cash remaining	n/a	n/a	39.14 mm	39.93 mm	43.31 mm	44.31 mm
Runway (months of cash)	n/a	n/a	13.9	15.2	23.8	28.1

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

SERV institutional ownership history Ownership history

28.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	55	24	+129.2%
Opened positions	39	24	+62.5%
Closed positions	8	0	NEW
Increased positions	6	0	NEW
Reduced positions	6	0	NEW

13F shares	Current	Prev Q	Change
Total value	57.57 bn	18.44 bn	+212.3%
Total shares	13.85 mm	13.96 mm	-0.8%
Total puts	1.20 mm	0.00	NEW
Total calls	507.00 k	0.00	NEW
Total put/call ratio	2.4	–	–

Largest owners	Shares	Value	Change
UBER Uber	5.30 mm	$0.00	0.0%
NVDA NVIDIA	3.73 mm	$29.63 bn	0.0%
Yong Rong	1.21 mm	$9.64 mm	NEW
Vanguard	729.77 k	$5.80 bn	NEW
Alyeska Investment	675.00 k	$5.37 bn	-27.0%
BAC Bank of America	350.45 k	$2.79 bn	+422126.5%
BlackRock	335.07 k	$2.66 bn	NEW
Susquehanna International	332.30 k	$2.64 bn	NEW
Millennium Management	140.88 k	$1.12 bn	-55.1%
Geode Capital Management	130.85 k	$1.04 bn	+128.1%

Largest transactions	Shares	Bought/sold	Change
AWM Investment	0.00	-1.82 mm	EXIT
Yong Rong	1.21 mm	+1.21 mm	NEW
Vanguard	729.77 k	+729.77 k	NEW
Polar Asset Management Partners	0.00	-541.77 k	EXIT
BAC Bank of America	350.45 k	+350.37 k	+422126.5%
MYDA Advisors	130.00 k	-348.00 k	-72.8%
BlackRock	335.07 k	+335.07 k	NEW
Susquehanna International	332.30 k	+332.30 k	NEW
Concentric Capital Strategies	0.00	-320.19 k	EXIT
Alyeska Investment	675.00 k	-249.85 k	-27.0%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

SERV insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
7 Jan 25	Touraj Parang	Common Stock	Sell	Dispose S	No	No	19.5301	305	5.96 k	1,162,886
7 Jan 25	Ali Haghighat Kashani	Common Stock	Sell	Dispose S	No	No	19.5286	1,425	27.83 k	3,229,565
7 Jan 25	Euan Abraham	Common Stock	Sell	Dispose S	No	No	19.2751	260	5.01 k	150,518
6 Jan 25	Ali Haghighat Kashani	Common Stock	Sell	Dispose S	No	Yes	22.84	5,000	114.20 k	3,230,990
6 Jan 25	Ali Haghighat Kashani	Common Stock	Sell	Dispose S	No	Yes	20.9031	32,500	679.35 k	3,235,990
3 Jan 25	Ali Haghighat Kashani	Common Stock	Sell	Dispose S	No	Yes	17.72	5,000	88.60 k	3,268,490
3 Jan 25	Ali Haghighat Kashani	Common Stock	Sell	Dispose S	No	Yes	16.24	2,500	40.60 k	3,273,490
2 Jan 25	Ali Haghighat Kashani	Common Stock	Sell	Dispose S	No	Yes	14.85	2,500	37.13 k	3,275,990
31 Dec 24	Ali Haghighat Kashani	Common Stock	Sell	Dispose S	No	Yes	15.56	5,000	77.80 k	3,278,490

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

Northland Capital Markets Maintains Outperform on Serve Robotics, Raises Price Target to $23

Northland Capital Markets analyst Michael Latimore maintains Serve Robotics (NASDAQ:SERV) with a Outperform and raises the price target from $16 to $23.

How Is The Market Feeling About Serve Robotics?

Pfizer Is 'Too Low To Sell,' Jim Cramer Says: Recommends Nvidia For Robotics Exposure

Pfizer stock is down more than 7% over the past year. The pharma giant is in talks to extend its collaboration with an AI start-up.

Serve Robotics Stock Tumbles In Pre-Market As CEO Sells Shares: Here's What Technical Analysis Shows

12 Consumer Discretionary Stocks Moving In Tuesday's Pre-Market Session

Press releases

From Benzinga Pro

Sichenzia Ross Ference Carmel LLP Closes Over 130 Capital Markets Transactions Valued at Over $1 Billion in 2024

NEW YORK, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Sichenzia Ross Ference Carmel LLP ("SRFC"), a full-service law firm internationally recognized for its securities and litigation practices, reported that in 2024 it closed

Global Commercial Drone Usage Surging as Market Size Expected to Reach $93.78 Billion by 2033

PALM BEACH, Fla., Jan. 07, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - A commercial drone is defined as a quadcopter, octocopter, or hexacopter used for commercial purposes rather than personal and

Serve Robotics Secures $86 Million in New Financing in December, Solidifying Liquidity Position to Transform Last-Mile Delivery

SAN FRANCISCO, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Serve Robotics Inc. ("Serve" or the "Company") (NASDAQ:SERV), a leading autonomous delivery company, today announced that it raised gross proceeds of $86 million during

Serve Robotics Announces Appointment of Lily Sarafan to its Board of Directors

Global Medical Service Robotics Market Project to Exceed $20 Billion in 2024 with Additional Growth Expected

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