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Serve Robotics Earnings Calls
| Release date | May 07, 2026 |
| EPS estimate | -$0.650 |
| EPS actual | -$0.650 |
| Revenue estimate | 2.89M |
| Revenue actual | 2.984M |
| Revenue Surprise | 3.26% |
| Release date | Mar 11, 2026 |
| EPS estimate | -$0.490 |
| EPS actual | -$0.460 |
| EPS Surprise | 6.12% |
| Revenue estimate | 767.582K |
| Revenue actual | 882K |
| Revenue Surprise | 14.91% |
| Release date | Nov 12, 2025 |
| EPS estimate | -$0.370 |
| EPS actual | -$0.540 |
| EPS Surprise | -45.95% |
| Revenue estimate | 765.46K |
| Revenue actual | 686.535K |
| Revenue Surprise | -10.31% |
| Release date | Aug 07, 2025 |
| EPS estimate | -$0.230 |
| EPS actual | -$0.360 |
| EPS Surprise | -56.52% |
| Revenue estimate | 624.85K |
| Revenue actual | 642K |
| Revenue Surprise | 2.74% |
Last 4 Quarters for Serve Robotics
Below you can see how SERV performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Aug 07, 2025 |
| Price on release | $10.59 |
| EPS estimate | -$0.230 |
| EPS actual | -$0.360 |
| EPS surprise | -56.52% |
| Date | Price |
|---|---|
| Aug 01, 2025 | $10.01 |
| Aug 04, 2025 | $10.53 |
| Aug 05, 2025 | $10.74 |
| Aug 06, 2025 | $10.44 |
| Aug 07, 2025 | $10.59 |
| Aug 08, 2025 | $10.47 |
| Aug 11, 2025 | $10.38 |
| Aug 12, 2025 | $10.42 |
| Aug 13, 2025 | $10.44 |
| 4 days before | 5.79% |
| 4 days after | -1.42% |
| On release day | -1.13% |
| Change in period | 4.30% |
| Release date | Nov 12, 2025 |
| Price on release | $10.47 |
| EPS estimate | -$0.370 |
| EPS actual | -$0.540 |
| EPS surprise | -45.95% |
| Date | Price |
|---|---|
| Nov 06, 2025 | $10.70 |
| Nov 07, 2025 | $10.69 |
| Nov 10, 2025 | $10.65 |
| Nov 11, 2025 | $10.33 |
| Nov 12, 2025 | $10.47 |
| Nov 13, 2025 | $9.42 |
| Nov 14, 2025 | $9.34 |
| Nov 17, 2025 | $8.93 |
| Nov 18, 2025 | $8.97 |
| 4 days before | -2.15% |
| 4 days after | -14.33% |
| On release day | -10.03% |
| Change in period | -16.17% |
| Release date | Mar 11, 2026 |
| Price on release | $10.65 |
| EPS estimate | -$0.490 |
| EPS actual | -$0.460 |
| EPS surprise | 6.12% |
| Date | Price |
|---|---|
| Mar 05, 2026 | $9.68 |
| Mar 06, 2026 | $9.44 |
| Mar 09, 2026 | $9.49 |
| Mar 10, 2026 | $9.67 |
| Mar 11, 2026 | $10.65 |
| Mar 12, 2026 | $9.61 |
| Mar 13, 2026 | $9.12 |
| Mar 16, 2026 | $9.85 |
| Mar 17, 2026 | $9.62 |
| 4 days before | 10.02% |
| 4 days after | -9.67% |
| On release day | -9.81% |
| Change in period | -0.620% |
| Release date | May 07, 2026 |
| Price on release | $9.09 |
| EPS estimate | -$0.650 |
| EPS actual | -$0.650 |
| Date | Price |
|---|---|
| May 01, 2026 | $9.40 |
| May 04, 2026 | $9.35 |
| May 05, 2026 | $9.14 |
| May 06, 2026 | $9.58 |
| May 07, 2026 | $9.09 |
| May 08, 2026 | $8.77 |
| May 11, 2026 | $8.85 |
| May 12, 2026 | $8.76 |
| May 13, 2026 | $8.63 |
| 4 days before | -3.30% |
| 4 days after | -5.06% |
| On release day | -3.52% |
| Change in period | -8.19% |
Serve Robotics Earnings Call Transcript Summary of Q1 2026
Key points for investors:
- Q1 2026 revenue: ~$3.0M, up ~7x year-over-year and ~3.5x sequentially. Pro forma (including Diligent) revenue growth was ~28% sequential and ~30% YoY. Serve reiterates 2026 revenue guidance of $26M.
- Revenue mix: Fleet revenue roughly $2M; software/services roughly $1M. Recurring revenue was ~$1.4M (~one-third of Q1). Software gross margin was positive and fleet margins remain loss-making as the company scales operations.
- Operational scale and utilization: Daily active robots averaged 812 (up ~48% sequentially); daily supply hours averaged >10,000 (up ~54% sequentially). The deployed sidewalk fleet totals ~2,000 robots; combined footprint (sidewalk + healthcare) covers 44 cities in 14 states and ~800 robots active daily, delivering ~10,000 robot supply hours per day. Nearly 2M deliveries completed across domains to date.
- Strategic expansion: Integration of Diligent Robotics (healthcare) is on plan and provides a complementary, more recurring revenue stream while strengthening Serve’s autonomy data/AI flywheel. Serve is commercializing other software layers (e.g., connectivity/communications) for third parties.
- Near-term operating posture: No additional sidewalk robot deployments in H1 beyond the 2,000 currently in fleet; focus is on operational growth, utilization, merchant activation, partner/platform integrations, geographic expansion readiness and autonomy improvements. Expect slower Q2 growth as investments and market expansions are prepared for the back half of the year.
- Financials and liquidity: GAAP gross loss ~ $9M; GAAP operating expense $42.8M (non-GAAP operating expense ~$31.8M). GAAP net loss ~$49M (EPS -$0.65); non-GAAP net loss ~$38M (EPS -$0.50). Net cash used in operations ~$41.4M; ended quarter with ~$197.4M in cash and marketable securities. Non-GAAP opex guidance for 2026 reiterated at $160–$170M.
- Safety and regulatory posture: Strong safety record with no incidents causing serious injury; regulatory receptivity and policy environment inform market selection (examples: progress toward a pilot in Vancouver).
- Management priorities: Increase revenue per robot and per operating hour, grow recurring/software revenue, improve margins via autonomy and operational productivity, and expand monetization levers (fleet, software, data, branding, healthcare).
