Serve Robotics Inc. (NASDAQ: SERV) has announced its financial results for the fourth quarter and full year 2025, showcasing strong performance and significant growth across various key metrics.
The company reported that its fourth-quarter revenue surged by approximately 400% year over year to $0.9 million. The full-year revenue for 2025 stood at $2.7 million, surpassing the prior guidance of $2.5 million.
Serve Robotics Inc. highlighted its operational achievements, including the deployment of 2,000 robots by the end of the year, expanding its operating footprint to 20 cities across 6 major metropolitan areas. Additionally, the company revealed that its fleet's revenue grew by 50% quarter-over-quarter in Q4 and approximately 159% for the full year. The merchant base also expanded to over 4,500 restaurant and retail partners, representing a more than 10x increase from approximately 400 partners a year ago.
The company emphasized the addition of new market launches, the inclusion of DoorDash alongside Uber Eats, and the completion of four strategic acquisitions that strengthened Serve's robotics and AI platform.
Serve Robotics Inc. raised its 2026 revenue outlook to approximately $26 million, attributing the increase to continued delivery growth and the addition of Diligent Robotics, which is expected to contribute recurring revenue and expand Serve's multi-vertical robotics platform.
The financial highlights for the fourth quarter and full year 2025 include maintaining a strong liquidity position of $260 million in cash and marketable securities as of December 31, 2025. The company also raised its 2026 revenue guidance to approximately $26 million and expects 2026 capital expenditures of approximately $25 million.
In terms of key metrics, Serve Robotics Inc. reported that the daily active robots increased from 572 in Q4 2024 to 2,735 in Q4 2025, while the daily supply hours also experienced substantial growth, reaching 3,196 in Q4 2025 compared to 401 in Q4 2024.
The disaggregation of revenue revealed that fleet services generated $648,000 in the fourth quarter of 2025, marking a significant increase from the $177,000 generated in the same period of 2024. Software services contributed $234,000 in the fourth quarter of 2025, compared to $254,000 in Q3 2025 and $0 in Q4 2024.
Serve Robotics Inc. is set to host a conference call and webcast to discuss the financial results and provide a corporate update. The company's strong performance and growth in various key metrics indicate its momentum and strategic expansion, positioning it for continued success in the autonomous sidewalk delivery market. As a result of these announcements, the company's shares have moved 1.75% on the market, and are now trading at a price of $14.835. For the full picture, make sure to review Serve Robotics's 8-K report.
