Serve Robotics Inc. /DE/

Analysis for Ticker: SERV

Serve Robotics Inc operates a fleet of sidewalk robots designed to automate the last mile of food delivery for partners like Uber Eats and 7-Eleven. While the public sees futuristic machines, the internal books show a corporate furnace built to incinerate capital while transferring wealth to insiders. In 12/2025, the business generated a mere 2,65$ million in revenue but spent 18,03$ million just on the direct cost of keeping those machines moving. This is like a child running a lemonade stand where every cup costs 7$ to make but only sells for 1$. The final result for the year was a net loss of 101,36$ million, meaning the company effectively burned 80,24$ million in cash just to survive.