Serve Robotics Q4 revenue jumps 400%, raises 2026 revenue outlook

Serve Robotics

11/03/2026 11:08

Overview

US autonomous delivery firm's Q4 revenue rose about 400% yr/yr, beating analyst expectations

Company expanded fleet to 2,000 robots and entered 20 cities by year end

Raised 2026 revenue outlook to $26 mln, citing Diligent Robotics acquisition and delivery growth

Outlook

Serve Robotics raises 2026 revenue outlook to approximately $26 mln

Company expects 2026 capital expenditures of approximately $25 mln

Serve says it is positioned to expand recurring revenue and invest with discipline in 2026

Result Drivers

FLEET EXPANSION - Co said scaling to 2,000 deployed robots and entry into 20 cities drove higher delivery volumes

PLATFORM PARTNERSHIPS - Addition of DoorDash alongside Uber Eats and growth to 4,500+ merchant partners supported revenue growth

REVENUE DIVERSIFICATION - Co said revenue mix expanded beyond delivery fees to include branding, advertising, software licensing, and recurring healthcare revenue

Company press release: ID:nGNX2wxGcv

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$882,000
$762,500 (6 Analysts)
Q4 Net Income
-$34.27 mln
Q4 Basic EPS
-$0.46
Q4 Income from Operations
-$40.30 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy"

Wall Street's median 12-month price target for Serve Robotics Inc is $16.50, about 70.6% above its March 10 closing price of $9.67

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)