Companies /Industrials

Serve Robotics Inc. Common Stock

NASDAQ: SERV Integrated Freight & Logistics
$4.88
▼ $0.01 (−0.10%) today
Markets open · 12:17pm ET

Q2 2025 Earnings

Reported Aug 7, 2025, 4:21pm ET · SEC source
$-0.24
Miss −41.18%
EPS · est. $-0.17
$642,000
Beat +2.74%
Revenue · est. $624,850
−0.5%
Trailing market
SERV vs S&P since report
3 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−5%0+5%Aug 7Aug 8report 4:21pm ETearnings+0.9%+4.0%
−5%0+5%Aug 7Aug 8earnings+0.9%+4.0%
SERV +4.0%S&P 500 +0.9%
−4%0+4%Aug 7Aug 8report 4:21pm ETearnings+1.1%+4.0%
−4%0+4%Aug 7Aug 8earnings+1.1%+4.0%
SERV +4.0%NASDAQ +1.1%
0+4%+8%Aug 6Aug 15report 4:21pm ETearnings+1.6%−2.8%
0+4%+8%Aug 6Aug 15earnings+1.6%−2.8%
SERV −2.8%S&P 500 +1.6%
0+4%+8%Aug 6Aug 15report 4:21pm ETearnings+1.3%−2.8%
0+4%+8%Aug 6Aug 15earnings+1.3%−2.8%
SERV −2.8%NASDAQ +1.3%
−1.13%
Day of report
−0.86%
Next session
−7.26%
One week
+1.91%
30 days

S&P 500 over the same 30 days: +2.36%.

Did SERV Beat Earnings? Q2 2025 Results

Serve Robotics delivered a mixed second quarter for 2025, posting revenue of $642,000, up 37.1% year-over-year and edging ahead of the $624.85 thousand consensus, but its non-GAAP loss of $0.24 per share fell well short of the $0.17 estimate, missing by 41.18% as aggressive fleet expansion drove costs sharply higher. The primary culprit was a rapid scaling of daily active robots from 73 to 160, which pushed cost of revenues to $3.50 million and widened the gross loss to $2.86 million, while total operating expenses reached $19.79 million, including one-time charges tied to a finance lease purchase option. For investors already weighing <a href="https://247wallst.com/investing/2025/07/31/is-serve-robotics-serv-a-buy-after-nvidias-exit/">the company's risk profile</a>, the widening losses reinforce the early-stage economics at play. Still, management pointed to momentum, guiding Q3 revenue to $600,000 to $700,000 and reiterating a long-term annualized run-rate target of $60 million to $80 million once its 2,000-robot fleet reaches full utilization in 2026, with $183 million in liquidity providing runway through year-end 2026.

Key Takeaways
  • Delivery volume increased over 78% sequentially from Q1 2025
  • Daily active robots grew from 73 in Q1 to 160 in Q2 2025
  • Daily supply hours increased over 340% compared to Q2 2024 to 1,723 hours
  • Over 120 new third-generation robots delivered ahead of schedule in Q2
  • Fleet Revenues grew $117 thousand, representing 55% increase quarter over quarter

“Serve is building the world ahead, where autonomous last mile transportation is ubiquitous and foundational. This quarter marked a major step forward as we expanded into new markets, scaled operations, and fueled our autonomy flywheel to an unprecedented degree. With every successful delivery, Serve's growing fleet gets smarter, stronger, and more efficient.”

Serve Robotics CEO, on the earnings call

Forward Guidance & Outlook

Serve reiterated its projected annualized revenue run-rate of $60 million to $80 million once its 2,000-robot fleet is fully deployed and reaches target utilization, anticipated during 2026. For Q3 2025, the company projects revenue of $600,000 to $700,000, representing 170% to 215% year-over-year growth. Fleet deployment is expected to accelerate in the second half of 2025, with the robot fleet anticipated to more than double in Q3 alone. After quadrupling the fleet in H1 2025, management plans to quadruple again in H2 2025. The strong liquidity position of $183 million is expected to provide runway through the end of 2026, with anticipated $20 million in cash savings over the next two years from self-funding equipment investments.

SERV YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$0$200,000$400,000$600,000$468,374$642,000Revenue
$0$200,000$400,000$600,000Revenue

SERV Revenue by Segment

Fleet services$330,000
Software services$312,000

Figures from SEC filings and company reports. Not investment advice.