Companies /Industrials

Serve Robotics Inc. Common Stock

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

Q3 2025 Earnings

Reported Nov 12, 2025, 4:03pm ET · SEC source
$-0.54
Miss −107.69%
EPS · est. $-0.26
$687,000
Miss −0.60%
Revenue · est. $691,120
+11.2%
Beating market
SERV vs S&P since report
3 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−4%0+4%+8%Nov 12Nov 13report 4:03pm ETearnings−1.6%−2.6%
−4%0+4%+8%Nov 12Nov 13earnings−1.6%−2.6%
SERV −2.6%S&P 500 −1.6%
−4%0+4%+8%Nov 12Nov 13report 4:03pm ETearnings−2.0%−2.6%
−4%0+4%+8%Nov 12Nov 13earnings−2.0%−2.6%
SERV −2.6%NASDAQ −2.0%
−12%−6%0Nov 11Nov 20report 4:03pm ETearnings−4.5%−15.5%
−12%−6%0Nov 11Nov 20earnings−4.5%−15.5%
SERV −15.5%S&P 500 −4.5%
−12%−6%0Nov 11Nov 20report 4:03pm ETearnings−5.9%−15.5%
−12%−6%0Nov 11Nov 20earnings−5.9%−15.5%
SERV −15.5%NASDAQ −5.9%
−10.03%
Day of report
−0.85%
Next session
−7.86%
One week
+12.21%
30 days

S&P 500 over the same 30 days: +1.02%.

Did SERV Beat Earnings? Q3 2025 Results

Serve Robotics delivered a deeply mixed <a href="https://247wallst.com/investing/2025/11/12/live-serve-robotics-3rd-quarter-earnings-coverage/">third quarter earnings report</a> 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

“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.”

Serve Robotics CEO, on the earnings call

Forward Guidance & Outlook

Serve anticipates generating over $2.5 million in revenue for FY2025. For FY2026, preliminary projections indicate roughly 10x revenue growth, with full-year guidance expected in early 2026. The company expects to deploy its 2,000th robot ahead of schedule in mid-December 2025, with expansion into Ft. Lauderdale and Alexandria planned for Q4 2025.

SERV YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$200,000$400,000$600,000$221,556$687,000Revenue
$0$200,000$400,000$600,000Revenue

SERV Revenue by Segment

Fleet services$433,000
Software services$254,000

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