The earnings call reflected strong growth and expansion for Serve Robotics, with significant increases in revenue and delivery volumes, strategic partnerships, and successful market expansions. However, the company faced increased operating expenses and negative EBITDA due to its aggressive expansion strategy, along with short-term revenue fluctuations. The overall sentiment of the call is positive, as the highlights significantly outweigh the lowlights, indicating a promising future for the company.

Company Guidance

During the second quarter of 2025, Serve Robotics provided guidance indicating significant growth in their operations and financial performance. The company achieved a 46% sequential revenue growth from Q1, surpassing their previous expectations with an 80% increase in delivery volume. They expanded their fleet by deploying over 120 third-generation robots, increasing the total fleet size to over 400, and plan to double this number by the end of Q3 and again by the end of Q4. Additionally, Serve Robotics expanded into new markets, including Atlanta, and are set to launch in Chicago and another East Coast metro by the end of 2025. The company has increased its reach to nearly 1.8 million people across four metro areas and partnered with over 2,500 merchants, a substantial increase from 1,500 in Q1. Despite rapid growth, Serve Robotics maintained a 99.8% delivery reliability. Financially, they reported Q2 revenue of $641,000, in line with guidance, and ended the quarter with $183 million in cash and marketable securities. They project Q3 revenues between $600,000 and $700,000, representing a 170% to 215% year-over-year growth, and aim for an annualized revenue run rate of $60 million to $80 million once their 2,000-robot fleet achieves full utilization.

Significant Revenue Growth

Serve Robotics reported a 46% sequential increase in revenue compared to Q1 2025, meeting the guidance provided in the previous quarter.

Impressive Delivery Volume Increase

The company achieved nearly 80% quarter-over-quarter growth in delivery volume, surpassing the expected 60% to 70% growth.

Fleet Expansion Ahead of Schedule

Over 120 third-generation robots were deployed, increasing the fleet size to over 400, ahead of the original Q3 schedule.

Expansion to New Markets

Serve Robotics launched operations in Atlanta and expanded coverage in Los Angeles and Miami, now serving nearly 800,000 households in the U.S.

Strategic Partnership with Little Caesars

Serve Robotics began delivering for Little Caesars in partnership with Uber Eats, demonstrating the company's growing national delivery partnerships.

Strong Financial Position

The company ended the quarter with $183 million in cash and marketable securities, ensuring self-funding for the 2,000-unit fleet rollout.

Serve Robotics Inc (SERV) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SERV Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	-0.30 / -	-0.2	―	―	―
Aug 07, 2025	2025 (Q2)	-0.20 / -0.36	-0.27	-33.33% (-0.09)	―
May 08, 2025	2025 (Q1)	-0.19 / -0.23	-0.37	37.84% (+0.14)	―
Mar 06, 2025	2024 (Q4)	-0.16 / -0.36	-0.19	-89.47% (-0.17)	―
Nov 07, 2024	2024 (Q3)	-0.16 / -0.20	-0.208	3.85% (<+0.01)	―
Aug 13, 2024	2024 (Q2)	-0.25 / -0.27	-0.135	-100.00% (-0.14)	―
May 15, 2024	2024 (Q1)	- / -0.37	-0.139	-166.19% (-0.23)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SERV Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$10.59	$10.47	-1.13%
May 08, 2025	$6.56	$7.46	+13.72%
Mar 06, 2025	$7.92	$7.43	-6.19%
Nov 07, 2024	$10.83	$9.04	-16.53%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Serve Robotics Inc (SERV) report earnings?

Serve Robotics Inc (SERV) is schdueled to report earning on Nov 06, 2025, Before Open (Confirmed).

What is Serve Robotics Inc (SERV) earnings time?

Serve Robotics Inc (SERV) earnings time is at Nov 06, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SERV EPS forecast?

SERV EPS forecast for the fiscal quarter 2025 (Q3) is -0.3.

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