Serve Robotics reported third-quarter revenue of $0.69 million, matching consensus forecasts, but posted a loss per share of $0.54, missing estimates by $0.17. For the full fiscal year, the company generated gross revenues of $1.81 million and incurred a net loss of $39.19 million, translating to an annualized loss per share near $1.49. Its negative net margin of 4,121.58% and return on equity of –38.52% highlight operating inefficiencies as the autonomous delivery business scales.

Among nine research firms covering Serve Robotics, one recommends a sell, one a hold, five a buy and two a strong buy, yielding an average rating of “Moderate Buy.” Analysts emphasize the company’s strategic partnership with a leading food-delivery platform as a key catalyst for increased robot utilization and improved unit economics. The firm’s low beta of 0.27 underscores defensive characteristics relative to broader markets.

Institutional investors hold roughly 15% of Serve Robotics shares, while insiders control 21.4%. Over the past quarter, insiders sold 206,277 shares—valued at approximately $2.52 million—across multiple transactions, including notable sales by the CEO and CFO. Recent filings show new positions established by several asset managers, including a $59,000 stake acquired by a global investment firm, signaling cautious optimism among professional investors.