Is Serve Robotics Inc. (NASDAQ:SERV) a buy in 2026?

Where SERV is headed

By the back end of 2027, Serve Robotics should be operating something in the order of 5,000 to 7,000 sidewalk robots across roughly a dozen US metros, with Los Angeles, Dallas, San Diego, Miami, Vancouver and a handful of Sunbelt cities forming the operational core. The Uber Eats partnership remains the spine, but the more interesting development is the slow widening of the customer set, 7-Eleven pilots, Shake Shack, Wing Stop, and the gradual extension into grocery and pharmacy micro-fulfillment runs under a mile. Revenue, on the company's own guidance trajectory, should run somewhere between $80m and $120m annualised by exit 2027 if fleet rollout hits plan. That sounds enormous against today's tiny base, which is why the stock screens as a +1,000% revenue grower. It also sounds modest against a $633m market cap once you remember the company is burning $85m+ a year and gross margin is still effectively zero.