Q4 25 EPS
$-0.34
BEAT +22.14%
Est. $-0.44
Q4 25 Revenue
$882,000
BEAT +15.22%
Est. $765,460
vs S&P Since Q4 25
-46.5%
TRAILING MARKET
SERV -38.1% vs S&P +8.4%
Full Year 2025 Results
FY 25 EPS
$-1.17
BEAT +9.53%
Est. $-1.29
FY 25 Revenue
$2.7M
BEAT +5.79%
Est. $2.5M
Market Reaction
Did SERV Beat Earnings? Q4 2025 Results
Serve Robotics posted a revenue beat in Q4 2025 but deepened its losses as the autonomous delivery company accelerated its push toward scale, reporting quarterly revenue of $882,000, up 401.6% year over year and ahead of the $736.96 thousand consensu… Read more Serve Robotics posted a revenue beat in Q4 2025 but deepened its losses as the autonomous delivery company accelerated its push toward scale, reporting quarterly revenue of $882,000, up 401.6% year over year and ahead of the $736.96 thousand consensus by nearly 19.68%. The company lost $0.34 per share against a breakeven consensus estimate, with the GAAP net loss widening to $34.27 million from $13.12 million a year earlier, reflecting heavy spending on fleet expansion, R&D, and four strategic acquisitions completed during the year. The single most consequential driver of the quarter's growth was the 20x expansion of Serve's robot fleet to 2,000 units across 20 cities, paired with a merchant partner base that grew from roughly 400 to over 4,500. Despite the widening losses, the company entered 2026 with $260 million in cash and a dramatically raised revenue outlook of approximately $26 million for the year, roughly 10x its 2025 total, fueled by delivery scaling and newly acquired hospital robotics revenue from Diligent Robotics.
Key Takeaways
- • Fleet expansion from ~100 to 2,000 robots during 2025
- • Q4 fleet revenue grew 50% quarter-over-quarter
- • Merchant base expansion to over 4,500 partners, a 10x increase year-over-year
- • Multi-platform integration with Uber Eats and DoorDash covering 80% of U.S. food delivery market
- • Underlying recurring revenues grew over 4x during the year
- • Daily active robots increased from 57 in Q4 2024 to 547 in Q4 2025
- • Daily supply hours grew from 455 in Q4 2024 to 6,676 in Q4 2025
SERV YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
SERV Revenue by Segment
With YoY comparisons, source: SEC Filings
“What our team accomplished last year is extraordinary. We went from operating in a single city to running the largest autonomous sidewalk fleet in the country, and we did it while delivering near-perfect reliability and surpassing our financial targets.”
— Ali Kashani, Q4 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% |