Serve Robotics Inc. (SERV) Key Metrics
SERV valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $280.1M
- Enterprise value
- $148.4M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 35.9
- Price / book
- 1.1
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 2.50
SERV key metrics, 2021–2025
Fiscal year ended December 31, 2025 · U.S. dollarsSERV valuation Price multiples at each fiscal year-end price.
SERV returns How much profit the business earns on the capital it uses.
SERV per-share figures Results divided by the shares outstanding at year-end.
SERV financial health Debt, liquidity and how easily interest is covered.
SERV efficiency & capital use Working capital cycle and where the cash goes.
SERV valuation history
SERV returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SERV debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SERV cash returned to shareholders
SERV price vs earnings per share
SERV key metrics
2021–2025| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Valuation | |||||
| Market capitalization | $646.5M | $494.9M | — | — | — |
| Enterprise value | $418.4M | $374.0M | — | — | — |
| Price / sales | 243.9 | 273.0 | — | — | — |
| Price / book | 1.8 | 3.8 | — | — | — |
| EV / sales | 157.8 | 206.3 | — | — | — |
| Earnings yield | −15.7% | −7.9% | — | — | — |
| Free cash flow yield | −18.2% | −6.4% | — | — | — |
| Share price at fiscal year-end | $10.38 | $13.50 | — | — | — |
| Per share | |||||
| Revenue per share | $0.04 | $0.05 | $0.01 | $0.00 | $0.00 |
| Earnings per share | −$1.63 | −$1.07 | −$0.67 | −$0.59 | −$0.59 |
| Operating cash flow per share | −$1.29 | −$0.59 | −$0.43 | −$0.58 | −$0.29 |
| Free cash flow per share | −$1.89 | −$0.87 | −$0.43 | −$0.68 | −$0.29 |
| Cash per share | $3.75 | $3.36 | $0.00 | $0.07 | $0.22 |
| Book value per share | $5.63 | $3.59 | −$0.11 | −$0.34 | $0.23 |
| Tangible book value per share | $4.88 | $3.59 | −$0.11 | −$0.34 | $0.23 |
| Capex per share | $0.60 | $0.28 | $0.00 | $0.10 | $0.00 |
| Debt per share | $0.08 | $0.06 | $0.12 | $0.20 | — |
| Shares outstanding | 62.3M | 36.7M | 36.9M | 36.9M | 36.9M |
| Change in shares outstanding | +69.9% | −0.8% | 0.0% | 0.0% | — |
| Returns & profitability | |||||
| Return on equity (ROE) | −42.0% | −61.4% | — | — | −260.4% |
| Return on invested capital (ROIC) | −133.6% | −545.5% | — | — | — |
| Return on assets (ROA) | −40.0% | −55.0% | −437.3% | −254.1% | −250.3% |
| Return on tangible assets | −31.6% | −28.1% | −884.8% | −255.8% | −250.3% |
| Financial health | |||||
| Total debt | $5.3M | $2.3M | $4.4M | $7.5M | — |
| Cash & short-term investments | $233.4M | $123.3M | $6,756 | $2.7M | $8.0M |
| Net debt | −$228.2M | −$120.9M | $4.4M | $4.8M | −$8.0M |
| Debt / equity | 0.01 | 0.02 | — | — | — |
| Debt / assets | 0.01 | 0.02 | 1.56 | 0.88 | — |
| Current ratio | 18.13 | 18.40 | 0.23 | 0.88 | 25.10 |
| Quick ratio | 18.13 | 18.36 | 0.11 | 0.72 | 23.72 |
| Interest coverage | — | -56.3 | -9.2 | -32.9 | — |
| Working capital | $227.8M | $118.4M | −$4.8M | −$457,985 | $8.1M |
| Invested capital | $122.6M | $10.8M | $332,722 | −$7.7M | $354,534 |
| Tangible asset value | $303.9M | $131.7M | −$4.0M | −$12.5M | $8.3M |
| Net current asset value | $224.1M | $117.3M | −$5.4M | −$17.6M | $8.1M |
| Graham net-net per share | $3.49 | $3.16 | −$0.17 | −$0.49 | $0.21 |
| Capital allocation | |||||
| Share buybacks (net) | — | — | $3 | — | — |
| Capex / revenue | 1,408.3% | 565.7% | 2.4% | 3,380.6% | — |
| Capex / depreciation | 4.55 | 33.10 | 0.00 | 9.39 | 3.82 |
| Stock-based compensation / revenue | 801.7% | 803.0% | 262.3% | 180.9% | — |
| R&D / revenue | 1,707.5% | 1,338.2% | 4,792.8% | 12,582.0% | — |
| SG&A / revenue | 1,509.6% | 585.6% | 2,516.9% | 3,998.9% | — |
| Efficiency | |||||
| Days sales outstanding | 125.7 | 28.3 | 23.4 | 40.1 | — |
| Days of inventory on hand | — | 104.8 | 146.9 | 171.9 | 3,982.9 |
| Days payables outstanding | 100.3 | 672.2 | 233.4 | 79.2 | 2,890.5 |
| Cash conversion cycle (days) | 28.5 | -539.0 | -63.1 | 132.8 | — |
| Receivables turnover | 2.90 | 12.88 | 15.57 | 9.10 | — |
| Payables turnover | 3.64 | 0.54 | 1.56 | 4.61 | 0.13 |
| Inventory turnover | — | 3.48 | 2.48 | 2.12 | 0.09 |
| Asset turnover | 0.01 | 0.03 | 0.04 | 0.01 | 0.00 |
| Average receivables | $912,724 | $140,702 | $13,326 | $11,848 | $0 |
| Average payables | $5.0M | $3.5M | $1.1M | $249,174 | $336,314 |
| Average inventory | $154,856 | $542,030 | $696,306 | $540,842 | $463,422 |
| Intangibles / total assets | 12.7% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from SERV's annual financial statements (latest annual report filed March 12, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
SERV valuation and financial ratios
Serve Robotics earned a return on equity of −42.0% and a return on invested capital of −133.6% in fiscal 2025. It ended the year with $5.3 million of debt and $233.4 million in cash and short-term investments, a net cash position of $228.2 million. The share count rose 68.6% from 36.9M to 62.3M over 4 years.
See the SERV income statement, the SERV chart for price history, or the SERV stock overview for the latest quote and news.
SERV key metrics FAQ
What is Serve Robotics's return on equity?
Serve Robotics's return on equity (ROE) was −42.0% in fiscal 2025: net income of -$101.4 million on average shareholders' equity of $241.2 million.
What is Serve Robotics's ROIC?
Serve Robotics's return on invested capital was −133.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Serve Robotics have?
Serve Robotics had total debt of $5.3 million at the end of fiscal 2025, a debt-to-equity ratio of 0.01 and more cash than debt.
What is Serve Robotics's free cash flow yield?
Serve Robotics generated -$117.6 million of free cash flow in fiscal 2025, a free cash flow yield of −18.2% on its market value at year-end ($646.5 million).
What is Serve Robotics's current ratio?
Serve Robotics's current ratio was 18.13 at the end of fiscal 2025: current assets were 18.13 times current liabilities.