Q3 25 EPS
$-0.54
MISS 107.69%
Est. $-0.26
Q3 25 Revenue
$687,000
MISS 0.60%
Est. $691,120
vs S&P Since Q3 25
-49.0%
TRAILING MARKET
SERV -39.9% vs S&P +9.1%
Market Reaction
Did SERV Beat Earnings? Q3 2025 Results
Serve Robotics delivered a deeply mixed third quarter earnings report that illustrated the steep financial cost of rapid fleet expansion, with losses widening far beyond expectations even as revenue surged. The autonomous sidewalk delivery company po… Read more Serve Robotics delivered a deeply mixed third quarter earnings report that illustrated the steep financial cost of rapid fleet expansion, with losses widening far beyond expectations even as revenue surged. The autonomous sidewalk delivery company posted Q3 2025 revenue of $687,000, up 210.1% year-over-year but marginally short of the $691.12 thousand consensus estimate, while GAAP EPS of -$0.54 missed the -$0.26 estimate by 107.69%, driven largely by a net loss that ballooned to $33.02 million from $8.00 million a year ago. The primary culprit was aggressive scaling, as Serve grew its daily active robot count from 59 to 312 and completed two strategic acquisitions, Vayu and Phantom Auto, adding meaningful intangible assets to the balance sheet. Shares declined following the print, though management pointed to milestone momentum, including crossing 1,000 deployed robots and launching a new DoorDash partnership, to underpin its outlook for over $2.50 million in full-year 2025 revenue and roughly 10x revenue growth in 2026.
Key Takeaways
- • Delivery volume growth of 66% quarter-over-quarter and 300% year-over-year
- • Daily active robots increased from 59 to 312 year-over-year
- • Daily supply hours increased 713% year-over-year to 3,781
- • Fleet services revenue grew 31% sequentially with 120% increase in branding revenues
- • Geographic expansion into Chicago, now covering over 3 million people across 5 metro areas
SERV YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
SERV Revenue by Segment
With YoY comparisons, source: SEC Filings
“In Q3, our team once again delivered on our promises. Significantly, we're on track to achieve our goal of deploying 2,000 robots before the end of the year.”
— Ali Kashani, Q3 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% |