Serve Robotics Inc ( (SERV) ) has released its Q2 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, specializes in AI-powered robots designed to make last-mile delivery sustainable and economical. Spun off from Uber in 2021, the company has completed numerous deliveries for partners like Uber Eats and 7-Eleven.
In its latest earnings report for the second quarter of 2025, Serve Robotics reported significant growth in delivery volume and revenue. The company expanded its market presence by launching in Atlanta and announced plans to enter Chicago soon. Revenue for the quarter increased by 46% from the previous quarter, reaching $642,000, while maintaining a strong liquidity position of $183 million.
Key highlights of the quarter include a nearly 80% increase in delivery volume and the successful deployment of over 120 new third-generation robots. Serve also expanded its reach by launching in new markets and completing its first pilot in the Middle East. The company formed a new partnership with Little Caesars, enhancing its strategic focus on becoming a preferred delivery partner.
Looking ahead, Serve Robotics plans to continue its aggressive growth strategy by quadrupling its fleet again in the second half of 2025. The company aims for a projected annualized revenue of $60 million to $80 million upon full utilization of its 2,000-robot fleet, expected by 2026.
Serve Robotics remains optimistic about its future, focusing on expanding market reach, improving operational efficiency, and increasing revenue generation. The company is poised to capitalize on the growing demand for autonomous delivery solutions.