Serve Robotics Inc
NASDAQ:SERV

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Serve Robotics Inc Logo
Serve Robotics Inc
NASDAQ:SERV
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Price: 13.08 USD -1.28% Market Closed
Market Cap: $974.2m

Serve Robotics Inc
Investor Relations

Serve Robotics, Inc. engages in providing self-driving delivery. The company is headquartered in Redwood City, California and currently employs 57 full-time employees. The company went IPO on 2024-03-06. The firm offers an autonomous all-electric robot that makes delivery sustainable and economical. The Company’s fleet consists of over 100 robots. Its autonomous all-electric robot can provide real-time presence and status updates on those platforms and receive requests to perform deliveries with respect to customer orders placed on those platforms as needed. The company uses artificial intelligence methodologies to design, train and deploy a host of models on robots to perform a variety of tasks, including identification of sidewalk surfaces, intersections, traffic signals, obstacles, pedestrians, and vehicles, and projecting the trajectory of other dynamic agents. Its capabilities include automatic emergency braking, vehicle collision avoidance, and fail-safe mechanical braking. The robots consist of a number of key systems, such as drivetrain, power system, and connectivity.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 12, 2025
AI Summary
Q3 2025

Robot Fleet Milestone: Serve Robotics surpassed 1,000 robots deployed in Q3 and is on track to reach 2,000 by year-end, marking a major inflection point for scaling the business.

Revenue Growth: Q3 2025 revenue was $687,000, up 210% year-over-year and in line with guidance; full-year 2025 revenue is now expected to exceed $2.5 million.

Operational Expansion: Serve rapidly expanded its fleet, cities, and partnerships, including launching new hubs and announcing a key partnership with DoorDash.

Efficiency Gains: Delivery reliability approached 100% while delivery volume rose 66% quarter-over-quarter, and robot intervention rates and operating costs per robot declined.

Cost Reduction: Gen 3 robots now cost one-third as much as Gen 2 models, benefiting from design improvements, modularity, and lower-cost components.

Strong Liquidity: Ended the quarter with $211 million in cash and marketable securities and raised an additional $100 million in October.

2026 Outlook: Serve is targeting a $60–80 million annualized revenue run rate in 2026, with management confident in continued rapid growth and efficiency.

Key Financials
Revenue
$687,000
Fleet Revenue
$433,000
Software Revenue
$254,000
Restaurants Served
over 3,600
Operating Expenses
$30.4 million
R&D Expenses
$13.4 million
Cash and Marketable Securities
$211 million
CapEx
$11 million
Adjusted EBITDA
-$24.9 million
Other Earnings Calls

Management

Dr. Ali Kashani Ph.D.
Co-Founder, Chairman, CEO, Treasurer & Secretary
No Bio Available
Mr. Touraj Parang J.D.
President, COO & Director
No Bio Available
Mr. Euan Abraham
Chief Hardware & Manufacturing Officer
No Bio Available
Ms. MJ Burk Chun
Co-Founder and VP of Product & Design
No Bio Available
Mr. Dmitry Demeshchuk
Co-Founder & VP of Software
No Bio Available
Mr. Brian Read
Chief Financial Officer
No Bio Available
Ms. Aduke Thelwell
Head of Investor Relations & Communications
No Bio Available
Evan Dunn
General Counsel
No Bio Available
Mr. Prahar Shah
Chief Revenue Officer
No Bio Available
Mr. Anthony Armenta
Chief Software & Data Officer
No Bio Available

Contacts

Address
CALIFORNIA
Redwood City
730 Broadway
Contacts