Q1 25 EPS
$-0.16
MISS 6.67%
Est. $-0.15
Q1 25 Revenue
$440,465
MISS 9.52%
Est. $486,810
vs S&P Since Q1 25
-33.5%
TRAILING MARKET
SERV -3.6% vs S&P +29.9%
Market Reaction
Did SERV Beat Earnings? Q1 2025 Results
Serve Robotics fell short on both top and bottom lines in Q1 2025, posting a loss of $0.16 per share against the $0.15 consensus estimate, a miss of 6.67%, while revenue of $440,460 trailed the $486,810 analyst expectation by 9.52% and declined 53.5%… Read more Serve Robotics fell short on both top and bottom lines in Q1 2025, posting a loss of $0.16 per share against the $0.15 consensus estimate, a miss of 6.67%, while revenue of $440,460 trailed the $486,810 analyst expectation by 9.52% and declined 53.5% year over year, as the quarter's results reflected the early-stage nature of the company's autonomous sidewalk delivery fleet rather than any operational retreat. The revenue shortfall was shaped largely by the absence of a large software services component that had inflated the year-ago period, even as sequential momentum was strong, with revenue rising 150% from Q4 2024. The most consequential development of the quarter was the completion of over 250 third-generation robots, bringing the total fleet above 300 units and pushing daily active robots to an average of 73. With $197.76 million in cash on hand following a $91.50 million capital raise, management reiterated its target of a 2,000-robot fleet by year-end and a $60 million to $80 million annualized revenue run-rate in 2026, with Q2 revenue guided to $600,000 to $700,000.
Key Takeaways
- • Successful build and deployment of 250+ third-generation robots in Q1
- • Daily supply hours increased over 40% QoQ to 648
- • Delivery volume increased over 75% between first and last weeks of Q1
- • Up to 99.8% average delivery completion rate maintained
- • Merchant partnerships expanded to over 1,500, a 50% QoQ increase and 5x YoY
- • Households served grew 110% since December 2024 to over 320,000
- • Interest income of $1.79 million partially offset operating losses
SERV YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
SERV Revenue by Segment
With YoY comparisons, source: SEC Filings
“We had a strong start to the year, meeting our key Q1 objectives—including the successful build of 250 new third-generation robots and the launch of new markets. With this momentum, we remain on track to deploy 2,000 robots by year-end. Our ability to maintain high delivery quality while rapidly expanding delivery volume, geographic reach, and merchant partnerships reflects our team's relentless focus and execution.”
— Ali Kashani, Q1 2025 Earnings Press Release
SERV Earnings Trends
SERV vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SERV EPS Trend
Earnings per share: estimate vs actual
SERV Revenue Trend
Quarterly revenue: estimate vs actual
SERV Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $-0.51 | $-0.50 | +1.32% | $3.0M | -1.53% |
| Q4 25 BEAT FY | $-0.44 | $-0.34 | +22.14% | $882,000 | +15.22% |
| FY Full Year | $-1.29 | $-1.17 | +9.53% | $2.7M | +5.79% |
| Q3 25 MISS | $-0.26 | $-0.54 | -107.69% | $687,000 | -0.60% |
| Q2 25 MISS | $-0.17 | $-0.24 | -41.18% | $642,000 | +2.74% |
| Q1 25 MISS | $-0.15 | $-0.16 | -6.67% | $440,465 | -9.52% |