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Serve Robotics Q2 2025 Earnings Call Highlights
ByAinvest
Saturday, Aug 9, 2025 4:20 am ET1min read
Serve Robotics (SERV) reported Q2 2025 earnings, with a focus on principal points including a GAAP net loss of $30.7 million, a non-GAAP net loss of $15.7 million, and a revenue increase of 24% year-over-year to $11.9 million. The company also highlighted its progress in commercialization and expansion of its delivery robot, ServeBOT.
Serve Robotics Inc. (Nasdaq: SERV), a leading autonomous sidewalk delivery company, reported its second-quarter 2025 earnings, showcasing significant progress in commercialization and market expansion. The company reported a GAAP net loss of $30.7 million and a non-GAAP net loss of $15.7 million, reflecting its ongoing investment in growth and technology advancements [1].Revenue for the quarter increased by 24% year-over-year to $11.9 million, driven by a strong performance in key markets. The company's delivery volume grew by nearly 80% quarter-over-quarter, with over 120 new third-generation robots successfully delivered ahead of schedule. This growth was supported by a 340% increase in daily supply hours compared to the same period last year [1].
Serve Robotics expanded its market reach by launching operations in Atlanta and announcing plans to enter the Chicago market in the coming weeks. The company also completed its first Middle East pilot in downtown Doha, further cementing its global presence. Additionally, Serve Robotics secured a national partnership with Little Caesars, the third-largest pizza chain in the U.S., highlighting its strategic focus to become the preferred delivery partner for key merchants [1].
Looking ahead, Serve Robotics projects annualized revenue run-rate of $60 to $80 million once its 2,000-robot fleet is fully deployed and reaches target utilization, anticipated by the end of 2026. The company expects to quadruple its fleet again in the second half of 2025, with revenue growth between 170% and 215% year-over-year in the third quarter, projecting $600 to $700 thousand in revenue [1].
References:
[1] Serve Robotics Announces Second Quarter 2025 Results. (2025). Retrieved from https://investors.serverobotics.com/news-releases/news-release-details/serve-robotics-announces-second-quarter-2025-results
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