Serve Robotics (SERV, Financial) is witnessing a notable increase in bullish sentiment as evidenced by the trading of 13,826 call options, which is triple the anticipated amount. This surge in activity has driven implied volatility up by over 5 points, reaching 106.98%. The most traded options are the September 2025 $12 calls and June 2025 $10 calls, collectively accounting for nearly 6,000 contracts. Currently, the Put/Call Ratio stands at a low 0.14. Investors are keeping an eye on the upcoming earnings report, expected on August 12th, as it may further influence stock performance.
SERV Key Business Developments
Release Date: May 08, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Serve Robotics Inc (SERV, Financial) successfully built 250 new 3rd generation robots in Q1, keeping them on track to deploy 2000 robots by the end of the year.
- The company expanded its delivery capacity by over 40% and increased delivery volume by 75% during Q1.
- Serve Robotics Inc (SERV) launched in two new markets, Miami and Dallas, and plans to launch in Atlanta by the end of Q2.
- The company raised an additional $91 million in Q1, ending the quarter with $198 million in cash, providing financial flexibility.
- Serve Robotics Inc (SERV) maintained high delivery quality, reducing delivery failures by 65% compared to the previous year.
Negative Points
- Total cost of revenues increased by approximately $1 million due to start-up costs related to fleet scaling and new market launches.
- GAAP operating expenses rose to $13.5 million in Q1, up from $12.9 million in Q4 and $8.3 million in Q1 of the previous year.
- The increased share of early-stage operations and fleet revenues negatively impacted the overall revenue mix.
- Despite revenue growth, the company reported a GAAP net loss per share of $0.23 and a non-GAAP net loss per share of $0.16.
- The company faces ongoing challenges with supply chain management and tariff impacts, although they have managed to offset these costs so far.
