Serve Robotics Inc ( (SERV) ) has released its Q3 earnings. Here is a breakdown of the information Serve Robotics Inc presented to its investors.
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Serve Robotics Inc., a leader in autonomous sidewalk delivery solutions, specializes in developing AI-powered, low-emissions robots aimed at making deliveries more sustainable and economical. The company, which spun off from Uber in 2021, has made significant strides in the delivery sector, partnering with major platforms like Uber Eats and DoorDash.
In the third quarter of 2025, Serve Robotics reported a substantial increase in delivery volume and revenue, marking a 66% growth quarter-over-quarter and a 209% rise compared to the same period in 2024. The company also announced a new strategic partnership with DoorDash, expanding its delivery services across the U.S., and launched operations in the Chicago market, further solidifying its national presence.
Key financial highlights include a revenue of $687 thousand for the quarter and a strong liquidity position of $210 million, bolstered by a $100 million share offering. Serve Robotics also crossed the milestone of deploying over 1,000 robots, with daily supply hours increasing by 713% year-over-year. Strategic acquisitions of Vayu and Phantom Auto are expected to enhance the company’s technological capabilities and operational efficiency.
Looking ahead, Serve Robotics is optimistic about its growth trajectory, projecting a 10x revenue increase in 2026 and plans to deploy 2,000 robots by the end of the year. The company aims to continue investing in its autonomy and robotics platform to maintain its leadership in the industry, setting the stage for a future with a million robots deployed globally.