SERV on Nasdaq

Serve Robotics

Logo: serverobotics.com4

American autonomous delivery robotics company

Serve Robotics is an American technology company that designs, develops, and operates autonomous sidewalk delivery robots for last mile food and goods delivery. The company was founded in 2017 as the robotics division of Postmates and later became an independent company following the acquisition of Postmates by Uber Technologies.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 19, 2026.

Overview

Mar 2, 2021Founded1

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  • TickerSERV on Nasdaq1
  • IndustryGeneral Industrial Machinery & Equipment, NEC1
  • HeadquartersSan Carlos, California1
  • Websitewww.serverobotics.com
  • Incorporated inDE5
  • Business address1360 Bayport Avenue, San Carlos, Ca 940705
  • Filer category, Emerging growth company5
  • Legal formCorporation

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Sasha Robot Delivery Brickell, Miami FL April 2025
Photo: Phillip Pessar, CC BY 2.0, via Wikimedia Commons7

Serve Robotics is an American technology company that designs, develops, and operates autonomous sidewalk delivery robots for last mile food and goods delivery. The company was founded in 2017 as the robotics division of Postmates and later became an independent company following the acquisition of Postmates by Uber Technologies. Serve Robotics operates autonomous delivery robots in multiple United States cities through partnerships with food delivery platforms including Uber Eats and DoorDash.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-580.2%Gross margin8
-4253.8%Operating margin8
-3823.5%Net margin8
46.2%Revenue growth, 20258
-28.9%Return on equity8
-$117.6MFree cash flow8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Fleet Services brought in 61% of the revenue Serve Robotics broke down this way in fiscal 2025.

  1. Fleet Services$1.6M861%up 159% from 2024
  2. Software Services$1.0M839%down 13% from 2024
Products and services by year
Products and services20242025
Fleet Services$627.0K$1.6M
Software Services$1.2M$1.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue27¢$18.0M
  • Research and development68¢$45.3M
  • Income tax5¢$3.7M

Out of $2.7M in revenue.8 The company lost money this year.

Financial statements

Revenue9108$2.7M in 2025+2359% since 2022
0$1.0M$2.0M$3.0M2022: $107.8K$107.8K20222023: $207.5K$207.5K2023+92%2024: $1.8M$1.8M2024+774%2025: $2.7M$2.7M2025+46%
Gross profit9108-$15.4M in 2025+1378% since 2022
-$20.0M-$15.0M-$10.0M-$5.0M02022: -$1.0M-$1.0M20222023: -$1.5M-$1.5M2023+46%2024: -$75.0K-$75.0K2024−95%2025: -$15.4M-$15.4M2025+20409%
Operating income119108-$112.8M in 2025+206335% since 2021
-$150.0M-$100.0M-$50.0M02021: -$54.6K-$54.6K20212022: -$21.0M-$21.0M2022+38257%2023: -$20.7M-$20.7M2023−1%2024: -$38.3M-$38.3M2024+85%2025: -$112.8M-$112.8M2025+195%
Net income119108-$101.4M in 2025+185451% since 2021
-$150.0M-$100.0M-$50.0M02021: -$54.6K-$54.6K20212022: -$21.9M-$21.9M2022+39908%2023: -$24.8M-$24.8M2023+14%2024: -$39.2M-$39.2M2024+58%2025: -$101.4M-$101.4M2025+159%

Every line of the income statement as filed: the last 2 fiscal years, latest first.8

Period ending2025-12-312024-12-31
Revenues$2.7M$1.8M
Cost of revenues$18.0M$1.9M
Gross loss-$15.4M-$75.0K
Research and development$45.3M$24.3M
General and administrative$37.1M$10.1M
Operations$12.1M$3.3M
Sales and marketing$2.9M$577.0K
Total operating expenses$97.4M$38.2M
Loss from operations-$112.8M-$38.3M
Interest income$7.3M$1.3M
Interest expense-$3.0K-$2.0M
Realized gain on foreign currency translation$2.0K$0
Realized gain on investments$391.0K$0
Change in fair value of derivative liability$0-$222.0K
Other income$91.0K$0
Net loss before income taxes-$105.0M-$39.2M
Benefit from income taxes$3.7M$0
Net loss-$101.4M-$39.2M
Unrealized gain on investments$189.0K$0
Other comprehensive income, before tax$189.0K$0
Income tax expense related to items of other comprehensive income-$51.0K$0
Other comprehensive income, net of tax$138.0K$0
Comprehensive loss-$101.2M-$39.2M
Weighted average common shares outstanding - basic (in shares)62.3M shares36.7M shares
Weighted average common shares outstanding - diluted (in shares)62.3M shares36.7M shares
Net loss per common share - basic (in dollars per share)-$1.63-$1.07
Net loss per common share - diluted (in dollars per share)-$1.63-$1.07

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The story

Serve Robotics was established in 2017 as an internal robotics initiative within Postmates, a United States based food delivery company. The division focused on developing autonomous sidewalk delivery robots designed to transport food and retail items in dense urban environments.

In 2020, Postmates was acquired by Uber Technologies. Following the acquisition, Serve Robotics continued development under Uber before spinning out as an independent company in 2021 with seed funding from venture capital firm Neo and participation from Uber.

In August 2023, Serve Robotics announced a reverse merger transaction allowing the company to become publicly traded. The company began trading on the Nasdaq stock exchange under the ticker symbol SERV in 2024.

From Wikipedia’s article on Serve Robotics, shared under CC BY-SA 4.0.6

Leadership

Who has led Serve Robotics, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Ali Kashani2023–now

President

  1. Touraj Parang2023–now

Chief financial officer

  1. April Pannell2023
  2. Brian Read2024–now

Chief operating officer

  1. Touraj Parang2023–now
2025
Board members and other officers (11)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorDavid Buckly Goldberg named Aug 6, 2024 to Sep 3, 202429
  • DirectorSarfaz Buckly Maredia named Aug 15, 202330

Products and brands

Serve Robotics develops electric autonomous delivery robots designed to operate on sidewalks and pedestrian pathways. The robots use a combination of cameras, lidar sensors, and artificial intelligence software to navigate environments, detect obstacles, and comply with pedestrian traffic rules.

From Wikipedia’s article on Serve Robotics, shared under CC BY-SA 4.0.6

Former names

  • Patricia Acquisition Corp.Jan 4, 2021 to Aug 2, 20235

Timeline

  1. Apr 2024Went public Listed on NASDAQ1
  2. Aug 2, 2023New chief executive Ali Kashani becomes CEO16
  3. Mar 2, 2021Founded Founded1

Filings

574 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 46 major events, 190 insider forms, 14 large holders, 6 private raises, 297 other. The latest 20:

  1. Oct 6, 20264 EDGAR
  2. Oct 6, 20264 EDGAR
  3. Oct 6, 20264 EDGAR
  4. Oct 5, 20268-K EDGAR
  5. Oct 1, 2026S-8 REGISTRATION STATEMENT EDGAR
  6. Aug 19, 20264 EDGAR
  7. Aug 19, 20264 EDGAR
  8. Aug 19, 20264 EDGAR
  9. Aug 19, 2026144 EDGAR
  10. Aug 18, 2026144 EDGAR
  11. Aug 18, 2026144 EDGAR
  12. Aug 18, 2026144 EDGAR
  13. Aug 18, 2026144 EDGAR
  14. Aug 17, 2026144/A EDGAR
  15. Aug 17, 2026144 EDGAR
  16. Aug 17, 20268-K CURRENT REPORT EDGAR
  17. Aug 6, 202610-Q EDGAR
  18. Aug 6, 20268-K EDGAR
  19. Jul 30, 2026SCHEDULE 13G/A EDGAR
  20. Jun 25, 20264 EDGAR

The 574 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

162 open-market trades by officers, directors and large owners since October 2021: 2 buys and 160 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 19, 2026Read BrianChief Financial OfficerSale9,700$4.80$46.6KForm 4
Aug 18, 2026Read BrianChief Financial OfficerSale6,129$4.56$27.9KForm 4
Aug 18, 2026Kashani AliChief Executive OfficerSale45,158$4.56$205.9KForm 4
Aug 18, 2026Parang TourajPresident & COOSale37,993$4.55$172.7KForm 4
Aug 17, 2026Read BrianChief Financial OfficerSale25,240$5.24$132.3KForm 4
Jun 16, 2026Goldberg David MichaelDirectorSale10,600$7.20$76.3KForm 4
Jun 10, 2026Read BrianChief Financial OfficerSale1,496$7.24$10.8KForm 4
Jun 10, 2026Kashani AliChief Executive OfficerSale15,885$7.24$115.0KForm 4
Jun 10, 2026Parang TourajPresident & COOSale4,219$7.24$30.5KForm 4
May 7, 2026Read BrianChief Financial OfficerSale201$9.26$1.9KForm 4
May 7, 2026Kashani AliChief Executive OfficerSale14,644$9.26$135.6KForm 4
May 7, 2026Parang TourajPresident & COOSale3,888$9.26$36.0KForm 4
May 6, 2026Read BrianChief Financial OfficerSale2,790$9.29$25.9KForm 4
May 6, 2026Kashani AliChief Executive OfficerSale11,753$9.29$109.2KForm 4
May 6, 2026Parang TourajPresident & COOSale5,993$9.29$55.7KForm 4
May 1, 2026Read BrianChief Financial OfficerSale1,179$9.29$11.0KForm 4
Apr 8, 2026Read BrianChief Financial OfficerSale200$8.62$1.7KForm 4
Apr 8, 2026Kashani AliChief Executive OfficerSale14,541$8.62$125.3KForm 4
Apr 8, 2026Parang TourajPresident & COOSale3,861$8.62$33.3KForm 4
Mar 31, 2026Read BrianChief Financial OfficerSale1,263$8.03$10.1KForm 4

All 162 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Aug 28, 2024Raised $5 million in a private offering of equity Form D: 1 investor so far Form D
  2. Jul 24, 2024Raised $15 million in a private offering of equity Form D: 1 investor so far Form D
  3. Jan 2, 2024Raised $3 million in a private offering of debt Form D: $5 million offered in all Form D
  4. Jul 31, 2023Raised $11.1 million in a private offering of equity Form D: $37 million offered in all Form D
  5. Apr 21, 2023Raised $3 million in a private offering of debt Form D: 39 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.6,040,854$39.7M0.0%+1,190,622
Vanguard Capital Management LLC2,931,905$19.3M0.0%+160,144
State Street Corp2,456,658$16.2M0.0%+1,168,714
Geode Capital Management, LLC1,755,095$11.6M0.0%+208,429
Susquehanna International Group, Llp1,541,027$10.1M0.0%+706,149
Exchange Traded Concepts, LLC1,522,616$10.0M0.0%−74,636
Legal & General Group Plc1,371,454$8.4M0.0%+263,595
First Trust Advisors LP1,167,709$7.7M0.0%+208,856
Morgan Stanley857,318$5.6M0.0%+170,367
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.815,926$5.3M0.0%+14,879
Captrust Financial Advisors788,465$5.2M0.0%+27,329
UBS Group AG695,130$4.6M0.0%+213,312
Nuveen, LLC614,892$4.0M0.0%+6,127
Northern Trust Corp606,373$4.0M0.0%+73,602
Charles Schwab Investment Management Inc504,252$3.3M0.0%−7,212
Vanguard Portfolio Management LLC483,620$3.2M0.0%+96,620
Vanguard Fiduciary Trust Co423,146$2.8M0.0%+7,258
Citadel Advisors LLC358,163$2.4M0.0%−158,723
LPL Financial LLC280,996$1.8M0.0%+24,923
Tudor Investment Corp Et Al272,448$1.8M0.0%New
Landscape Capital Management, L.l.c.271,781$1.8M0.1%+60,375
ExodusPoint Capital Management, LP266,693$1.8M0.0%New
Dimensional Fund Advisors LP265,773$1.7M0.0%New
IMC-Chicago, LLC251,782$1.7M0.0%New
XTX Topco Ltd242,265$1.6M0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
May 7, 2020Susie LeeDemocratic, HouseSale$1,001 - $15,000Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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    Company websiteServe Robotics logo
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