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Serve Robotics (SERV) investor relations material
Serve Robotics Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary12 Nov, 2025
Executive summary
Deployed over 1,000 robots across five hubs, serving over three million people and more than one million households, a tenfold increase year-over-year.
Delivery volume increased 66% quarter-over-quarter and 300% year-over-year, with daily supply hours up 713% year-over-year.
Revenue for Q3 2025 was $687,000, up 210% year-over-year, driven by fleet and software services.
Expanded partnerships, including DoorDash, Uber, and Jersey Mike's Subs, now providing access to over 80% of the US food delivery market.
Completed acquisitions of Vayu Robotics, Voysys AB, and Phantom Auto, enhancing AI and teleoperation capabilities.
Financial highlights
Q3 2025 revenue was $687,000, up 210% year-over-year; nine months ended September 30, 2025: $1.77 million.
Fleet revenue reached $433,000; branding revenue grew 120% sequentially; software revenue was $254,000.
Gross loss for Q3 2025 was $4.4 million; gross margin remained negative due to high costs and scaling.
GAAP operating expenses were $30.4 million; net loss for Q3 2025 was $33.0 million, or $(0.54) per share.
Adjusted EBITDA was negative $24.95 million, reflecting operational expansion.
Outlook and guidance
Full-year 2025 revenue expected to exceed $2.5 million, with recurring fleet revenues projected to triple year-over-year.
Annualized revenue run rate of $60–$80 million targeted, with a 10x revenue inflection anticipated in 2026.
Deployment of 2,000th robot anticipated by end of 2025, with expansion into Buckhead, Fort Lauderdale, and Alexandria.
Management expects current liquidity to fund operations for at least the next 12 months.
Future capital needs may arise from further expansion, acquisitions, or technology investments.
How will Vayu integration improve robot efficiency?
What specific data services will drive 2026 revenue?
How do city learnings improve capital efficiency?
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Next Serve Robotics earnings date
Q4 20255 Mar, 2026
Next Serve Robotics earnings date
Q4 20255 Mar, 2026
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Frequently asked questions
Serve Robotics Inc. develops autonomous delivery robots designed for last-mile logistics. The company specializes in self-driving sidewalk robots that facilitate contactless deliveries for restaurants, retailers, and other businesses. Its technology integrates artificial intelligence, advanced sensors, and remote monitoring systems to navigate urban environments safely. The company is headquartered in Redwood City, California, and its shares are listed on the NASDAQ.
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