Serve Robotics Sees 400% Q4 Revenue Growth and Boosts 2026 Outlook to $26M
Serve Robotics posted a Q4 2025 GAAP loss per share of $0.46, beating estimates, while revenue jumped 400% year-over-year to $882,000. Full-year sales climbed to $2.7 million, fleet expanded to 2,000 robots in 20 cities, and 2026 revenue guidance was raised to $26 million on a $260 million cash balance.
1. Q4 Financial Results
Serve Robotics reported a GAAP loss per share of $0.46 in Q4 2025, slightly better than analyst forecasts of $0.48, while revenue soared to $882,000, marking a 400% increase year-over-year. Gross loss for the quarter totaled $6.7 million.
2. Operational Expansion
The company scaled its autonomous delivery fleet to 2,000 robots across 20 cities and onboarded DoorDash alongside existing Uber Eats partnerships. Merchant partners surpassed 4,500 and four strategic acquisitions, including Diligent Robotics, broadened its addressable markets into indoor healthcare.
3. Outlook and Balance Sheet
Serve raised its 2026 revenue outlook to approximately $26 million, driven by expanded delivery operations and recurring revenue from recent acquisitions. It plans about $25 million in capital expenditures and ended 2025 with $260 million in cash and marketable securities, despite a full-year net loss of $101.4 million.