Serve Robotics Stock Falls 37% YTD Amid Investment Phase and Diversification Push

Earnings
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Summary · why it matters

Serve Robotics shares have dropped 36.6% year to date, underperforming the broader market as investors weigh heavy spending on artificial intelligence and platform expansion against rapid revenue growth. In the first quarter of 2026, fleet revenues surged to nearly $2 million from about $200,000 a year earlier, while software services contributed roughly $1 million and recurring revenues reached approximately $1.4 million, or just under half of total revenues. The company is shifting focus from adding robots to improving fleet utilization, with more than 800 robots active daily and over 10,000 daily supply hours provided to partners. A recent expansion into healthcare robotics through the acquisition of Diligent Robotics has established a presence across 44 cities in 14 states and supports nearly 2 million completed deliveries. Despite widening loss estimates of $2.67 per share for 2026 and $2.19 for 2027, the stock carries a Zacks Rank of 2, or Buy, and trades at a forward price-to-sales ratio of 9.84, a discount to industry peers.

Impact on stocks 4

Robotics & Physical AI▼ · 3 stocks
Artificial Intelligence▲ · 1 stocks

Theme Impact 1

Off-coverage companies 1

Diligent RoboticsPrivate▲ Positive
Demandrelevance

acquired by Serve Robotics, expanding healthcare robotics presence

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