SERV Serve Robotics Inc. - Common Stock
$8.16
Price · May 20, 2026
Fundamentals as of May 7, 2026
52W Range
$8–$19
5% of range
Analyst Rating
BUY
15 analysts
Price Target
$18
+126% upside
P/E (TTM)
-6.4
ROE
-36.3%
Net Profit Margin
-3823.5%
SERV Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$8.16
Market Cap
$776M
P/E (TTM)
-6.4
EPS (TTM)
$-1.63
Revenue (TTM)
$3M
Div Yield
—
ROE
-36.3%
Debt/Equity
—
52W Range
$8 – $19
SERV Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$3M
2022-12-31
→
2025-12-31
EPS
$-1.63
2021-12-31
→
2025-12-31
Free Cash Flow
$-118M
2023-12-31
→
2025-12-31
Margins
-3823.5%
2023-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
SERV
Peer Median
P/E (TTM)
-6.4
25.5
P/S (TTM)
292.6
1.4
P/B
2.2
4.7
Price / FCF
-6.6
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
SERV
Peer Median
Gross Margin
-580.2%
45.9%
Operating Margin
-4253.8%
—
Net Profit Margin
-3823.5%
-0.09%
ROA
-40.0%
0.79%
ROE
-36.3%
3.2%
ROIC
-31.0%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
SERV
Peer Median
Current Ratio
18.1
1.0
Quick Ratio
8.1
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
SERV
Peer Median
Revenue YoY
46.2%
—
Revenue CAGR 3Y
190.8%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
SERV
Peer Median
SERV Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
15 analysts
- Strong Buy 6 40.0%
- Buy 8 53.3%
- Hold 1 6.7%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
8 analysts · 2026-05-19
Median
$17.30
Mean
$18.45
← Below all targets
$8.16
Low
$13.00
High
$26.00
Median target
$17.30
+112.0%
Mean target
$18.45
+126.1%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.06%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| March 31, 2026 | $-0.65 | $-0.59 | -0.06% |
| Dec. 31, 2025 | $-0.45 | $-0.54 | 0.09% |
| Sept. 30, 2025 | $-0.51 | $-0.31 | -0.20% |
| June 30, 2025 | $-0.32 | $-0.22 | -0.10% |
| March 31, 2025 | $-0.23 | $-0.21 | -0.02% |
Peer Comparison Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| SERV | $776M | -6.4 | 46.2% | -3823.5% | -36.3% | -580.2% |
| BLMN | $579M | 67.9 | 0.14% | 0.21% | 3.5% | — |
| FWRG | $966M | 51.3 | 20.3% | 1.6% | 3.2% | — |
| CBRL | $1.31B | 28.7 | 0.37% | 1.3% | 10.1% | — |
| KRUS | — | -530.0 | 18.9% | -0.67% | -0.83% | — |
| DNUT | $734M | -1.4 | -8.6% | -33.9% | -57.8% | — |
| LOCO | $313M | 11.6 | 3.6% | 5.4% | 9.4% | — |
| NATH | $388M | 16.1 | 6.9% | 16.2% | -135.3% | 39.5% |
| DIN | $454M | 30.7 | 8.2% | 1.9% | -7.0% | 40.9% |
| MCD | — | 25.6 | 3.7% | 31.9% | -376.3% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 18
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | $3M | $2M | $207.5K | $107.8K | |
| Cost of Revenue | $18M | $2M | $2M | $1M | |
| Gross Profit | $-15M | $-75.0K | $-2M | $-1M | |
| R&D Expense | $45M | $24M | $10M | $14M | |
| SG&A Expense | $37M | $10M | $5M | $4M | |
| Operating Expenses | $97M | $38M | $19M | $20M | |
| Operating Income | $-113M | $-38M | $-21M | $-21M | |
| Interest Expense | · | · | $2M | $636.3K | |
| Interest Income | $7M | $1M | · | · | |
| Other Non-op | $91.0K | $0 | $-4M | $-902.1K | |
| Pretax Income | $-105M | $-39M | · | · | |
| Income Tax | $-4M | $0 | $0 | · | |
| Net Income | $-101M | $-39M | $-25M | $-22M | |
| EPS (Basic) | $-1.63 | $-1.07 | $-1.75 | $-3.17 | |
| EPS (Diluted) | $-1.63 | $-1.07 | $-1.75 | $-3.17 | |
| Shares (Basic) | 62,284,449 | 36,658,834 | 14,204,078 | 6,896,769 | |
| Shares (Diluted) | 62,284,449 | 36,658,834 | 14,204,078 | 6,896,769 | |
| EBITDA | $-105M | · | $-21M | $-51.4K |
Balance Sheet 28
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Cash & Equivalents | $106M | $123M | $6.8K | $3M | |
| Receivables | $851.0K | $87.0K | $3.0K | $23.7K | |
| Inventory | $0 | $310.0K | $774.3K | $618.3K | |
| Prepaid Expense | $6M | $1M | $677.0K | $81.3K | |
| Other Current Assets | $77.0K | $0 | · | · | |
| Current Assets | $241M | $125M | $1M | $3M | |
| PP&E (Net) | $47M | $12M | $48.4K | $3M | |
| PP&E (Gross) | $53M | $15M | $2M | $4M | |
| Accum. Depreciation | $6M | $3M | $2M | $430.6K | |
| Goodwill | $16M | $0 | · | · | |
| Intangibles | $31M | $0 | · | · | |
| Other Non-current Assets | $1M | $578.0K | · | · | |
| Total Assets | $368M | $140M | $3M | $9M | |
| Accounts Payable | $5M | $5M | $2M | $162.0K | |
| Accrued Liabilities | $6M | $655.0K | $255.8K | $37.4K | |
| Short-term Debt | · | · | $1M | $1M | |
| Current Liabilities | $13M | $7M | $6M | $4M | |
| Capital Leases | $3M | $1M | $211.2K | $708.1K | |
| Deferred Tax | $255.0K | $0 | · | · | |
| Total Liabilities | $17M | $8M | $7M | $21M | |
| Total Debt | · | · | $1M | $114.0K | |
| Common Stock | $7.0K | $5.0K | $2.5K | $683 | |
| Paid-in Capital | $559M | $239M | $64M | $31M | |
| Retained Earnings | $-209M | $-108M | $-68M | $-44M | |
| AOCI | $138.0K | $0 | · | · | |
| Stockholders' Equity | $351M | $132M | $-4M | $-12M | |
| Liabilities + Equity | $368M | $140M | $3M | $9M | |
| Shares Outstanding | 74,734,949 | 51,288,566 | 24,508,795 | 6,826,352 |
Cash Flow 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| D&A | $8M | $310.0K | · | · | |
| Stock-based Comp | $21M | $15M | $544.4K | $195.1K | |
| Deferred Tax | $-5M | $0 | · | · | |
| Amort. of Intangibles | $2M | $0 | · | · | |
| Other Non-cash | $-4M | · | · | · | |
| Operating Cash Flow | $-80M | $-22M | $-16M | $-21M | |
| CapEx | $37M | $10M | $4.9K | $4M | |
| Investing Cash Flow | $-198M | $-10M | $-4.9K | $-4M | |
| Stock Issued | $171M | $36M | $10M | · | |
| Net Stock Activity | $171M | · | · | · | |
| Financing Cash Flow | $261M | $155M | $13M | $20M | |
| Net Change in Cash | $-17M | $123M | · | · | |
| Taxes Paid | $0 | $0 | $0 | · | |
| Free Cash Flow | $-118M | · | $-16M | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Gross Margin | -580.2% | · | -733.7% | · | |
| Operating Margin | -4253.8% | · | -9987.0% | · | |
| Net Margin | -3823.5% | · | -11955.8% | · | |
| Pretax Margin | -3961.4% | · | · | · | |
| EBITDA Margin | -3944.0% | · | -9987.0% | · | |
| ROA | -40.0% | · | -437.3% | -14108.2% | |
| ROE | -36.3% | · | 2981.3% | 2.0% | |
| ROIC | -31.0% | · | · | · |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Current Ratio | 18.1 | · | 0.2 | 0.0 | |
| Quick Ratio | 8.1 | · | 0.0 | 0.0 | |
| Debt / Equity | · | · | -0.2 | -0.9 | |
| Interest Coverage | · | · | -9.2 | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Asset Turnover | 0.0 | · | 0.0 | · | |
| Inventory Turnover | 116.3 | · | 2.5 | · | |
| Receivables Turnover | 5.7 | · | 15.6 | · |
Growth Rates 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue YoY | 46.2% | 773.5% | 92.5% | · | |
| Revenue CAGR 3Y | 190.8% | · | · | · |
Valuation (TTM) 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue TTM | $3M | $2M | $207.5K | $107.8K | |
| Net Income TTM | $-101M | $-39M | $-25M | $-22M | |
| Market Cap | $776M | · | · | · | |
| P/E | -6.4 | -12.6 | · | · | |
| P/S | 292.6 | · | · | · | |
| P/B | 2.2 | · | · | · | |
| P / Tangible Book | 2.6 | 5.3 | · | · | |
| P / Cash Flow | -9.7 | · | · | · | |
| P / FCF | -6.6 | · | · | · | |
| Earnings Yield | -15.7% | -7.9% | · | · |
Income Statement 18
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3M | $881.5K | $687.0K | $642.0K | $440.0K | $176.3K | $222.0K | $468.0K | $946.7K | $42.7K | $62.6K | $62.0K | $40.3K | $47.1K | $33.3K | |
| Cost of Revenue | $12M | $8M | $5M | $4M | $2M | $831.6K | $378.0K | $326.0K | $352.4K | $399.1K | $572.5K | $391.4K | $367.3K | $427.2K | $341.5K | |
| Gross Profit | $-9M | $-7M | $-4M | $-3M | $-1M | $-655.3K | $-156.0K | $142.0K | $594.3K | $-356.4K | $-510.0K | $-329.4K | $-327.0K | $-380.1K | $-308.2K | |
| R&D Expense | $19M | $16M | $13M | $9M | $7M | $7M | $5M | $6M | $7M | $3M | $3M | $2M | $2M | $4M | $3M | |
| SG&A Expense | $15M | $11M | $13M | $8M | $5M | $5M | $2M | $2M | $1M | $1M | $1M | $970.8K | $1M | $3M | $952.6K | |
| Operating Expenses | $43M | $34M | $30M | $20M | $14M | $13M | $8M | $9M | $8M | $6M | $5M | $4M | $4M | $6M | $5M | |
| Operating Income | $-52M | $-40M | $-35M | $-23M | $-15M | $-14M | $-8M | $-9M | $-8M | $-7M | $-6M | $-4M | $-4M | $-16M | $-5M | |
| Interest Expense | · | · | · | · | · | · | · | · | $1M | · | $1M | · | $41.7K | $587.3K | $34.1K | |
| Interest Income | $2M | $2M | $2M | $2M | $2M | $490.0K | $483.0K | $296.0K | $10.0K | · | · | · | · | · | · | |
| Other Non-op | · | $-5M | $2M | $2M | $2M | $1M | $449.0K | $-482.0K | $-1M | $-242.4K | $-2M | $-864.6K | $-910.9K | $-857.6K | $-34.1K | |
| Pretax Income | $-50M | · | · | · | $-13M | · | · | · | · | · | · | · | · | · | · | |
| Income Tax | $-648.0K | $-4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | · | · | · | |
| Net Income | $-49M | $-34M | $-33M | $-21M | $-13M | $-13M | $-8M | $-9M | $-9M | $-7M | $-8M | $-5M | $-5M | $-7M | $-5M | |
| EPS (Basic) | $-0.65 | $-0.50 | $-0.54 | $-0.36 | $-0.23 | $-0.23 | $-0.20 | $-0.27 | $-0.37 | $0.17 | $-0.41 | $-0.74 | $-0.77 | $-2.39 | $-0.78 | |
| EPS (Diluted) | $-0.65 | $-0.50 | $-0.54 | $-0.36 | $-0.23 | $-0.23 | $-0.20 | $-0.27 | $-0.37 | $0.17 | $-0.41 | $-0.74 | $-0.77 | $-1.08 | $-0.78 | |
| Shares (Basic) | 75,302,980 | -112,892,876 | 61,343,218 | 57,514,808 | 56,319,299 | -62,279,299 | 40,586,781 | 33,795,009 | 24,556,343 | -17,711,006 | 18,528,262 | 6,678,372 | 6,708,450 | -94,004 | 6,871,200 | |
| Shares (Diluted) | 75,302,980 | -112,892,876 | 61,343,218 | 57,514,808 | 56,319,299 | -62,279,299 | 40,586,781 | 33,795,009 | 24,556,343 | -17,711,006 | 18,528,262 | 6,678,372 | 6,708,450 | -9,974,431 | 6,871,200 | |
| EBITDA | $-46M | · | $-35M | $-23M | $-15M | · | $-8M | $-9M | $-8M | · | $-6M | $-17.8K | · | · | $-13.4K |
Balance Sheet 28
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $47M | $106M | $117M | $117M | $198M | $123M | $51M | $29M | · | $6.8K | · | · | · | $3M | · | |
| Receivables | $4M | $851.0K | $805.0K | $656.0K | $381.5K | $87.0K | $13.1K | $93.1K | $266.0K | $3.0K | $4.0K | · | · | $23.7K | · | |
| Inventory | · | $0 | $0 | $0 | $0 | $310.0K | $327.4K | $709.3K | $736.5K | $774.3K | $868.7K | · | · | $618.3K | · | |
| Prepaid Expense | $8M | $6M | $8M | $2M | $1M | $1M | $3M | $1M | $629.6K | $677.0K | $750.1K | · | · | $81.3K | · | |
| Other Current Assets | $228.0K | $77.0K | $133.0K | · | · | $0 | · | · | · | · | · | · | · | · | · | |
| Current Assets | $201M | $241M | $220M | $187M | $200M | $125M | $55M | $31M | $3M | $1M | $5M | $9.2K | · | $3M | $1.3K | |
| PP&E (Net) | $57M | $47M | $30M | $19M | $14M | $12M | $5M | $819.2K | $33.8K | $48.4K | $2M | · | · | $3M | · | |
| PP&E (Gross) | $67M | $53M | $35M | $23M | $17M | $15M | $8M | $3M | $2M | $2M | $4M | · | · | $4M | · | |
| Accum. Depreciation | $10M | $6M | $5M | $4M | $3M | $3M | $2M | $2M | $2M | $2M | $2M | · | · | $430.6K | · | |
| Goodwill | $28M | $16M | $12M | $5M | · | $0 | · | · | · | · | · | · | · | · | · | |
| Intangibles | $37M | $31M | $33M | $1M | · | $0 | · | · | · | · | · | · | · | · | · | |
| Other Non-current Assets | $3M | $1M | $612.0K | $759.0K | $417.4K | $578.0K | · | · | · | · | · | · | · | · | · | |
| Total Assets | $341M | $368M | $299M | $214M | $217M | $140M | $61M | $33M | $4M | $3M | $9M | $9.2K | · | $9M | $1.3K | |
| Accounts Payable | $6M | $5M | $8M | $3M | $4M | $5M | $4M | $1M | $2M | $2M | $944.5K | $10.6K | · | $162.0K | $10.0K | |
| Accrued Liabilities | $10M | $6M | $3M | $2M | $890.3K | $655.0K | $55.4K | $46.1K | $1M | $255.8K | $159.6K | · | · | $37.4K | · | |
| Short-term Debt | · | · | · | · | · | · | · | · | $1M | · | · | $151.5K | · | $1M | $103.9K | |
| Current Liabilities | $20M | $13M | $13M | $6M | $5M | $7M | $5M | $4M | $13M | $6M | $5M | $162.1K | · | $4M | $113.9K | |
| Capital Leases | $3M | $3M | $2M | $1M | $1M | $1M | $135.2K | $35.2K | $105.6K | $211.2K | $337.1K | · | · | $708.1K | · | |
| Deferred Tax | $347.0K | $255.0K | · | · | · | $0 | · | · | · | · | · | · | · | · | · | |
| Total Liabilities | $23M | $17M | $15M | $7M | $6M | $8M | $5M | $4M | $13M | $7M | $6M | $162.1K | · | $21M | $113.9K | |
| Total Debt | · | · | · | · | · | · | · | · | $1M | · | · | $151.5K | · | · | $103.9K | |
| Common Stock | $7.0K | $7.0K | $7.0K | $6.0K | $5.7K | $5.0K | $4.3K | $3.7K | $2.5K | $2.5K | $2.4K | $500 | · | $683 | $500 | |
| Paid-in Capital | $576M | $559M | $458M | $348M | $331M | $239M | $151M | $115M | $69M | $64M | $64M | · | · | $31M | · | |
| Retained Earnings | $-258M | $-209M | $-175M | $-142M | $-121M | $-108M | $-94M | $-86M | $-77M | $-68M | $-61M | $-153.4K | · | $-44M | $-113.2K | |
| AOCI | $-61.0K | $138.0K | $65.0K | $298.0K | · | $0 | · | · | · | · | · | · | · | · | · | |
| Stockholders' Equity | $318M | $351M | $284M | $207M | $210M | $132M | $56M | $28M | $-9M | $-4M | $2M | $-152.9K | · | $-12M | $-112.7K | |
| Liabilities + Equity | $341M | $368M | $299M | $214M | $217M | $140M | $61M | $33M | $4M | $3M | $9M | $9.2K | · | $9M | $1.3K | |
| Shares Outstanding | 76,014,674 | 74,734,949 | 67,761,023 | 59,333,332 | 56,845,515 | 51,288,566 | 42,844,956 | 36,529,574 | 24,633,795 | 24,508,795 | 24,362,444 | 5,000,000 | · | 6,826,352 | 5,000,000 |
Cash Flow 14
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $6M | $5M | $2M | $817.0K | $475.0K | $273.0K | $9.0K | · | · | · | · | · | · | · | · | |
| Stock-based Comp | $7M | $6M | $7M | $4M | $4M | $5M | $2M | $3M | $4M | $240.1K | $103.4K | $106.9K | $93.9K | $81.2K | · | |
| Deferred Tax | $-648.0K | · | · | · | $0 | · | · | · | · | · | · | · | · | · | · | |
| Amort. of Intangibles | $2M | $2M | $915.0K | $23.0K | $0 | $0 | $0 | $0 | · | · | · | · | · | · | · | |
| Other Non-cash | $-5M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Operating Cash Flow | $-41M | $-30M | $-25M | $-16M | $-9M | $-6M | $-5M | $-6M | $-4M | $-4M | $-12M | $-3M | $-4M | $-4M | $-17M | |
| CapEx | $1M | $17M | $11M | $6M | $3M | $5M | $5M | $794.7K | $3.3K | $2.4K | $2.5K | · | · | $4M | · | |
| Investing Cash Flow | $-20M | $-76M | $-40M | $-79M | $-3M | $-5M | $-5M | $-794.7K | $-3.3K | $-2.4K | $-2.5K | · | · | $-4M | · | |
| Stock Issued | $0 | $95M | $0 | $59 | $76M | $0 | $-136 | $36M | $0 | $418.7K | $10M | · | · | · | · | |
| Net Stock Activity | $0 | · | · | · | $76M | · | · | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | $2M | $95M | $65M | $14M | $87M | $84M | $32M | $35M | $5M | $183.6K | $13M | $2M | $2M | $6M | $14M | |
| Net Change in Cash | $-59M | $-11M | $138.0K | $-81M | $74M | $72M | $22M | $28M | $420.7K | · | $3M | · | · | · | · | |
| Taxes Paid | $0 | · | · | · | $0 | $0 | $0 | · | · | $0 | $0 | · | · | · | · | |
| Free Cash Flow | $-43M | · | · | · | $-13M | · | · | · | $-4M | · | · | · | · | · | · |
Profitability 8
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -301.6% | · | -637.4% | -445.3% | -333.3% | · | -70.3% | 30.4% | 62.8% | · | -815.1% | · | · | · | · | |
| Operating Margin | -1735.3% | · | -5067.8% | -3527.1% | -3406.6% | · | -3811.7% | -1826.7% | -814.6% | · | -8915.2% | · | · | · | · | |
| Net Margin | -1642.2% | · | -4806.4% | -3247.7% | -3000.5% | · | -3609.1% | -1929.5% | -954.7% | · | -12220.9% | · | · | · | · | |
| Pretax Margin | -1663.9% | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| EBITDA Margin | -1525.6% | · | -5067.8% | -3527.1% | -3406.6% | · | -3811.7% | -1826.7% | -814.6% | · | -8915.2% | · | · | · | · | |
| ROA | -17.6% | · | -18.3% | -16.9% | -12.0% | · | -22.9% | -55.1% | -425.4% | · | -179.6% | -299.6% | · | · | -337.4% | |
| ROE | -18.6% | · | -19.4% | -17.7% | -13.1% | · | -27.3% | -63.8% | 203.4% | · | -677.8% | 14.1% | · | · | 15.3% | |
| ROIC | -16.1% | · | · | · | · | · | · | · | · | · | · | · | · | · | · |
Liquidity & Solvency 4
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 10.2 | · | 17.2 | 32.8 | 38.0 | · | 10.6 | 7.2 | 0.2 | · | 1.1 | 0.1 | · | · | 0.0 | |
| Quick Ratio | 2.6 | · | 9.2 | 20.6 | 37.7 | · | 9.9 | 6.8 | 0.0 | · | 0.0 | · | · | · | · | |
| Debt / Equity | · | · | · | · | · | · | · | · | -0.1 | · | · | -1.0 | · | · | -0.9 | |
| Interest Coverage | · | · | · | · | · | · | · | · | -5.8 | · | -3.8 | · | · | · | · |
Efficiency 3
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.4 | · | 0.0 | · | · | · | · | |
| Inventory Turnover | · | · | 31.0 | 9.9 | 5.2 | · | 0.6 | 0.9 | 1.0 | · | 1.3 | · | · | · | · | |
| Receivables Turnover | 1.4 | · | 1.7 | 1.7 | 1.4 | · | 26.0 | 10.1 | 7.1 | · | 31.6 | · | · | · | · |
Valuation (TTM) 10
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $5M | · | $2M | $2M | $2M | · | $2M | $2M | $1M | · | $198.2K | · | · | · | · | |
| Net Income TTM | $-116M | · | $-75M | $-51M | $-39M | · | $-34M | $-31M | $-27M | · | $-23M | $-21M | $-20M | · | $-15M | |
| Market Cap | $642M | · | $788M | $679M | $327M | · | $341M | $71M | $127M | · | · | · | · | · | · | |
| P/E | -4.7 | · | -8.7 | -10.8 | -5.4 | · | -6.4 | -1.1 | -2.2 | · | · | · | · | · | · | |
| P/S | 135.0 | · | 395.7 | 383.0 | 157.4 | · | 200.4 | 46.3 | 114.1 | · | · | · | · | · | · | |
| P/B | 2.0 | · | 2.8 | 3.3 | 1.6 | · | 6.1 | 2.5 | -14.4 | · | · | · | · | · | · | |
| P / Tangible Book | 2.5 | · | 3.3 | 3.4 | 1.6 | · | 6.1 | 2.5 | · | · | · | · | · | · | · | |
| P / Cash Flow | -15.5 | · | · | · | -34.5 | · | · | · | -31.1 | · | · | · | · | · | · | |
| P / FCF | -15.0 | · | · | · | -25.3 | · | · | · | -31.1 | · | · | · | · | · | · | |
| Earnings Yield | -21.1% | · | -11.4% | -9.3% | -18.6% | · | -15.7% | -91.8% | -44.5% | · | · | · | · | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $3M | $2M | $207.5K | $107.8K | — |
| Gross Margin % | -580.2% | — | -733.7% | — | — |
| Operating Margin % | -4253.8% | — | -9987.0% | — | — |
| Net Income | $-101M | $-39M | $-25M | $-22M | $-54.6K |
| Diluted EPS | $-1.63 | $-1.07 | $-1.75 | $-3.17 | $-0.01 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | — | — | -0.2 | -0.9 | -0.9 |
| Current Ratio | 18.1 | — | 0.2 | 0.0 | 0.0 |
| Quick Ratio | 8.1 | — | 0.0 | 0.0 | 0.0 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-118M | — | $-16M | — | — |
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