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Serve Robotics Inc (SERV)
NASDAQ:SERV
Earnings Data
Report Date
Aug 19, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.2Last Year’s EPS
-0.27Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 72.87%
|Next Earnings Date:Aug 19, 2025
Earnings Call Sentiment|Positive
Serve Robotics demonstrated strong growth in revenue and operational efficiency, with significant fleet expansion and new market launches. However, the company continues to face high operating expenses and negative EBITDA, reflecting the upfront costs of scaling. Overall, the positive achievements in growth and expansion outweigh these financial challenges.Company Guidance
During the first quarter of 2025, Serve Robotics provided guidance indicating significant growth and expansion, with key metrics highlighting their progress. They built 250 new third-generation robots, aiming to deploy a total of 2,000 by the end of the year. The company's delivery volume increased by over 75% throughout the quarter, with expectations for 60% to 75% quarter-over-quarter growth in Q2. Revenue for Q1 jumped 150% sequentially to $440,000, driven by software services and a 20% increase in fleet revenues. Serve Robotics raised an additional $91 million, ending the quarter with $198 million in cash, and projects an annualized revenue run rate of $60 million to $80 million once the full fleet is operational. They plan to launch in Atlanta by the end of Q2 and have agreements for software platform revenues starting in Q2, indicating a strategic diversification in their revenue streams.Significant Fleet Expansion
Serve Robotics built 250 new third-generation robots in Q1, with a target to deploy 2,000 robots by the end of the year. This expansion resulted in a 75% increase in delivery volume over the quarter.
Revenue Growth
Revenue for Q1 2025 increased 150% sequentially to $440,000. This growth was driven by $229,000 in software services and a 20% increase in fleet revenues, totaling $212,000.
Increased Operational Efficiency
The company managed to reduce the percentage of deliveries failing to meet the internal delivery deadline by 65% compared to the previous year, while maintaining a consistent average delivery drop-off time.
Strong Capital Position
Serve Robotics raised an additional $91 million in Q1, ending the quarter with $198 million on the balance sheet, providing strategic flexibility.
Market Expansion
New markets were launched in Miami and Dallas, with plans to launch in Atlanta by the end of Q2. The company also increased its presence in LA, now serving over 320 households and 1,500 restaurants, a 50% increase since the last update.
SERV Earnings History
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 |
|---|---|---|---|
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% |
Aug 13, 2024 | $10.37 | $11.37 | +9.64% |
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 Aug 19, 2025, TBA Not Confirmed.
What is Serve Robotics Inc (SERV) earnings time?
Serve Robotics Inc (SERV) earnings time is at Aug 19, 2025, TBA Not 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 (Q2) is -0.2.