Serve Robotics Inc ( (SERV) ) has released its Q4 earnings. Here is a breakdown of the information Serve Robotics Inc presented to its investors.
Serve Robotics Inc., a leader in autonomous sidewalk delivery, specializes in developing AI-powered, low-emissions delivery robots aimed at making delivery services sustainable and economical. In its latest earnings report, Serve Robotics reported a remarkable 773% increase in full-year revenue, reaching $1.8 million. The company also highlighted its successful geographic expansion, including a new launch in Miami and plans to enter the Dallas and Atlanta markets.
Key financial metrics from the report include a strong liquidity position with $123 million in cash and no debt, bolstered by an additional $91 million raised in early 2025. The company expanded its reach to over 1,000 restaurants and 300,000 households, and doubled its delivery capacity through operational efficiencies and geographic reach. Serve Robotics also completed the design of a new generation of robots with enhanced capabilities and reduced manufacturing costs.
Strategically, Serve Robotics entered into a production partnership with Magna International, delivering 75 new third-generation robots ahead of schedule. The company also expanded its partnerships, including a collaboration with Shake Shack Inc. and Wing Aviation, enhancing its service offerings. Operational performance saw a 94% increase in daily supply hours and an 81% rise in daily active robots year-over-year.
Looking ahead, Serve Robotics is poised for continued growth, with plans to deploy 2,000 robots across the U.S. by the end of the year. The company’s management remains optimistic about its expansion strategy and technological advancements, positioning Serve Robotics as a key player in the autonomous delivery sector.