Figma Shares Indicated To Open $105/$110
Serve Robotics Inc. (NASDAQ:SERV) Chief Financial Officer Brian Read sold 1,212 shares of common stock on July 30, 2025. The sales were executed at prices ranging from $10.45 to $10.47, resulting in a total transaction value of $12,673. The transaction comes as SERV shares have declined 36% over the past six months, according to InvestingPro data, with the stock currently trading below its Fair Value.
The shares sold were to cover tax obligations related to the settlement of vested restricted stock units. Following the transaction, Read directly owns 396,266 shares of Serve Robotics Inc. With the company’s next earnings report scheduled for August 19, InvestingPro analysis reveals the company maintains strong liquidity with a current ratio of 38, though it faces profitability challenges. InvestingPro subscribers have access to 12 additional key insights about SERV’s financial health and market position.
In other recent news, Serve Robotics Inc. reported a notable increase in revenue for the first quarter of 2025, with a 150% sequential growth amounting to $440,000. Despite this revenue surge, the company experienced a larger-than-expected loss, with earnings per share at -$0.16. This financial performance did not meet market expectations, impacting investor sentiment. In addition, Serve Robotics has expanded its autonomous sidewalk delivery service to the Atlanta metro area. This move marks the company’s fourth major market, following launches in Los Angeles, Miami, and Dallas-Fort Worth. The expansion is part of an ongoing partnership with Uber (NYSE:UBER) Eats, integrating Serve’s delivery robots with the platform. Serve’s robots are now operational in Atlanta’s Midtown, Old Fourth Ward, and Downtown areas, serving over 50,000 residents. The company’s national delivery partnership with Shake Shack Inc (NYSE:SHAK). will also extend to Atlanta.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.