Serve Robotics Q3 revenue more than quadruples year-over-year; raises FY outlook
SERV•Serve Robotics’ Q3 revenue rose 313% year-over-year to $2.84 million, beating the $1.65 million analyst consensus. The company raised its 2026 revenue outlook to $12 million from $9 million to $10 million and lowered its non-GAAP operating expense guidance to $150 million from $160 million to $170 million.
1. Revenue and outlook
Serve Robotics reported Q3 revenue of $2.84 million, up 313% year-over-year and above the $1.65 million analyst consensus. It raised its 2026 revenue guidance to $12 million from $9 million to $10 million, and lowered its non-GAAP operating expense guidance to $150 million from $160 million to $170 million.
2. Growth drivers
Recurring revenue reached 69% of Q3 revenue, supporting an improvement in gross margin. The company tripled its daily average deliveries during the quarter, citing new delivery partners and an expanded merchant base. Through Q3, it entered into 12 multi-year contract extensions and added four hospitals.
3. Quarterly losses
Serve Robotics reported a Q3 net loss of $59.23 million, a loss from operations of $61.19 million and a loss per basic share of $0.68.
