Serve Robotics Inc. · NASDAQ:SERV
Serve Robotics — Q4 2025 Earnings Presentation
20 slides from Serve Robotics's earnings presentation, Mar 11, 2026
Slide 1: Investor Presentation
Investor Presentation 2026 Autonomous robotics at scale.
Slide 2: Forward-Looking Statements & Disclaimers
LEGAL Forward-Looking Statements & Disclaimers This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are not historical facts or guarantee
Slide 3: Every day, millions of small packages travel short distances in oversized vehicles
Every day, millions of small packages travel short distances in oversized vehicles. We built the robots that make that obsolete. Serve is a leading autonomous robotics company operating a scaled, commercial, Level-4 fleet across 20 U.S. cities.
Slide 4: Serve Robotics is an industry leader in Physical AI
Serve Robotics Category creator The largest autonomous Triple Digit% Rev Growth Outlook for 2026 revenue: is an industry robot fleets operating ~$26M (vs $2.7M in FY2025) commercially in the U.S. leader in Multi platform Diversified Revenue Physical AI Integration with Uber Eats ● Last-mile delivery a
Slide 5: The last mile is broken. Robots fix it.
THE OPPORTUNITY The last mile $450B Robotic & drone delivery opportunity by 2030 is broken. Robots fix it. ~2.5 mi Median food delivery distance in the U.S. Short trips. Small packages. Massive inefficiency. The median U.S. food delivery $8–10 is 2.5 miles – yet it travels in a 2-ton car Current per-d
Slide 6: We don't just build robots. We build delivery networks.
TRACTION We don’t just build robots. Largest autonomous sidewalk fleet in the We build delivery networks. United States. Fleet grew 20x in one year. 2,000 + 100 Serve Robots Deployed Moxi Robots Deployed 1.8M+ Sidewalk + Hospital deliveries to date 99.8% Completion rate Industry-leading reliability ~
Slide 7: Embedded in the leading platforms in U.S. food delivery
ECOSYSTEM Embedded in the Commercial partner Multi-year strategic partnership. leading platforms integrated since inception. National U.S. rollout underway. in U.S. food delivery Serve’s delivery volume We don't compete with delivery platforms. We power them. Our robots are integrated into the two l
Slide 8: World class hardware partners
Ecosystem World class hardware partners Leading provider of Tier 1 automotive Jetson Orin compute high-resolution digital contract manufacturer. platform. Powers Gen3 lidar sensors. Gen3 production at autonomy stack. scale. A commercially scalable ecosystem backed by tier 1 partners across hardware,
Slide 9: Compelling value proposition for merchants, consumers, and delivery platforms
ECONOMICS Compelling value proposition for merchants, consumers, and delivery platforms Today WITH SERVE $8-10 <$1 per delivery status quo expected delivery cost at scale Rising labor costs and regulations. No driver wages. 14-hour operation. 65% Insurance overhead. High turnover. lower hardware cos
Slide 10: Third generation. Purpose-built for the sidewalk.
THE SERVE ROBOT Third generation. Purpose-built for the sidewalk. Gen2 Gen3 Full-stack AV sensors Level 4 autonomy All-day battery Top Speed 7 mph 11 mph Redundant connectivity Weather 32–104°F / Light rain -4–113°F / Heavy rain Range 23 mi (10 hrs) 48 mi (14 hrs) Cargo 13 gal / 4× 14" pizzas 15 gal
Slide 11: 100 → 2,000 Serve robots in twelve months
MANUFACTURING 100 → 2,000 Serve robots in twelve months Automotive-grade production with Magna International. Industrialized supply chain. Proven ability to execute against aggressive deployment targets. OCT 2024 H1 2025 DEC 2025 2026 First Gen3 robots Fleet quadrupled. Fleet quadrupled Optimize uti
Slide 12: City by city. Neighborhood by neighborhood.
NATIONAL NETWORK City by city. Neighborhood by neighborhood. Our playbook: 2026 GROWTH DRIVERS Launch in high-density neighborhood, prove unit economics, then New metros expand outward. Platform demand pulls us into each new market. Selected by density, order volume, and regulatory readiness Live: ●
Slide 13: Across the globe.
EXPANSION Across the globe. 2026: 2027+: ● New york ● Seattle ● Osaka ● San Jose ● Philadelphia ● Taipei ● Vancouver ● Boston ● Madrid ● Sydney ● Melbourne ● Perth ● Adelaide ● Tokyo ● Toronto ● Manchester ● London Cities listed represent potential expansion markets and constitute forward looking st
Slide 14: From proof of concept to revenue inflection
FINANCIAL PATH From proof of concept to revenue inflection 2,000-robot fleet creates the foundation for utilization, monetization, and platform expansion FY 2024 FY 2025 FY 2026 Guidance AT SCALE $ 1.8M $ 2.7M $ 26.0M Physical AI Platform Multi domain robots Early fleet. Guided >$2.5M. ~10x growth. Sha
Slide 15: One platform. Many robots. Many markets.
BEYOND DELIVERY One platform. Many robots. Many markets. Diligent Robotics Acquisition Our autonomy platform now operates indoors. Moxi robots serve 25+ hospitals, completing over 1 million tasks across nearly 100 units – generating over $200K annual revenue per facility. Every robot learns from eve
Slide 16: Built by people who've shipped robots, platforms, and products
TEAM Built by people who've shipped robots, platforms, and products Ali Kashani Touraj Parang Brian Read Anthony Armenta Co-founder, CEO President & COO Chief Financial Officer Chief Software & Data Officer VP at Postmates. Ph.D. VP Corp Dev at GoDaddy. Controller, Apptronik. Public finance CTO at Bri
Slide 17: A category defining 2025
A category defining 2025 ➔ Largest scaled commercial sidewalk fleet in the U.S. ➔ 20X robot fleet size to 2,000 deployed robots ➔ Cover 80% of U.S. food delivery demand with UberEats and DoorDash ➔ Scaled to 20 cities and 6 metro areas from LA to D.C. corridor ➔ Maintained 99.8% delivery completion r
Slide 18: Financial Highlights
Financial Highlights Results Outlook 400% YOY growth in Q4 2025 of $0.9 million $26M 2026 guidance $2.7M FY2025 revenue exceeds guidance $25M 2026 capex $260M cash & marketable securities to end FY2025 $160-$170M Non-GAAP operating expense reflecting continued investment in autonomy development, fle
Slide 19: The Operating Layer of Physical AI
The Long-Term Vision The Operating Layer of Physical AI Nasdaq: SERV | serverobotics.com | investor.relations@serverobotics.com
Slide 20: Appendix
Appendix Reconciliation of GAAP Operating Expenses to Non-GAAP Operating Expenses Projected 2026 Operating Expenses (USD$ millions) GAAP Operating Expenses $ 190 - 205 Stock Based Compensation 30 - 35 Non-GAAP Operating Expenses $ 160 - 170