Business
Serve Robotics Announces Third Quarter 2025 Results
Delivery Volume growth of 66% quarter over quarter, a 300% increase from third quarter 2024Entered new multi-year strategic partnership with DoorDash to roll
About this update from Serve Robotics Inc.
[{"type":"text","content":"Delivery Volume growth of 66% quarter over quarter, a 300% increase from third quarter 2024Entered new multi-year strategic partnership with DoorDash to roll out deliveries across the U.S.Launched Chicago market, strengthening national presence; serving over 3,600 restaurants and a population of 3 million across the U.S.Third quarter revenue of $687 thousand, a 209% increase compared to third quarter 2024Ended the quarter with a strong liquidity position of $210 million and subsequently raised $100 million in a registered direct share offering10x revenue growth in 2026 based on preliminary projections SAN FRANCISCO, Nov. 12, 2025 (GLOBE NEWSWIRE) -- Serve Robotics Inc. (the “Company” or “Serve”) (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced financial results for the third quarter ended September 30, 2025. “In Q3, our team once again delivered on our promises. Significantly, we’re on track to achieve our goal of deploying 2,000 robots before the end of the year,” said Dr. Ali Kashani, Serve’s co-founder and CEO. “We are now a national leader in sidewalk robotics, advancing towards a 10x increase in revenue next year. This positions Serve to establish the foundation for a future with a million robots deployed globally.” “The relentless execution of our scale plan continues to drive consistent revenue growth,” said Brian Read, CFO of Serve. “We will continue to invest in key capabilities that strengthen our industry-leading autonomy and robotics platform, including integration of our recent Phantom Auto and Vayu acquisitions, to expand our increasingly diverse revenue stack.” Business Highlights Continued Fleet Growth: Crossed the threshold of 1,000 robots deployed. Daily supply hours increased by over 713% compared to third quarter 2024. Continued Volume Growth: During third quarter 2025, delivery volume increased 66% sequentially from second quarter 2025. Expanded Reach: Significantly increased geographical coverage with the launch of the Chicago market. Coupled with recent expansion in Dallas, Miami, and Los Angeles, we now operate in areas encompassing over 3 million people and over 1 million households. Partnership Expansion: Launched new multi-year strategic partnership with DoorDash, expected to expand the potential volume of delivery orders available to Serve. Expanded existing partnerships...