Serve Robotics Inc. · NASDAQ:SERV
Serve Robotics — Q3 2026 Earnings Presentation
25 slides from Serve Robotics's earnings presentation, Nov 5, 2026
Slide 1: Investor Presentation 2026: Autonomous robotics at scale
Investor Presentation 2026 Autonomous robotics at scale.→
Slide 2: Forward-looking statements and disclaimers
2Proprietary and ConfidentialPropri tary Forward-looking statements and 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
Slide 3: Millions of small packages travel in oversized vehicles
3Proprietary Every day, millions of small packages travel short distances in oversized vehicles. We built robots that make that obsolete. Serve is a leading autonomous robotics company operating scaled commercial Level 4 fleets across 44 U.S. cities.
Slide 4: Category creator in autonomous sidewalk robots
4Proprietary Category creator The largest autonomous sidewalk robot fleet operating commercially in the U.S. Multi platform Integration with multiple platforms for food delivery; Partnerships with 27 hospitals in the U.S. Triple Digit% Rev Growth Q3 FY2026 revenue: $2.8M (vs $0.7M in Q3 FY2025 Dive
Slide 5: Last mile delivery is broken. Robots fix it.
5Proprietary and ConfidentialPropri tary $450B Robotic & drone delivery opportunity by 2030 2.5 mi Median food delivery distance in the U.S. $810 Current per-delivery cost with human couriers Sources: ARK Big Ideas 2025, NHTSA, Company estimates | © 2026 Serve Robotics Inc. Short trips. Small pack
Slide 6: We build delivery networks
6Proprietary and ConfidentialPropri tary 1.8M Sidewalk + Hospital deliveries To date Zero Major incidents Serious injury, fatality, or near miss 99.9% Completion rate Industry-leading reliability 2,000 100 Moxi Hospital robots deployed 44 U.S. cities 150+ neighborhoods 14 states We donʼt just bui
Slide 7: Ecosystem backed by tier 1 partners
7Proprietary and ConfidentialPropri tary A commercially scalable ecosystem backed by tier 1 partners across hardware, compute, and sensing. World-class hardware partners The Ecosystem Leading provider of high-resolution digital lidar sensors. Tier 1 automotive contract manufacturer. Gen3 production
Slide 8: Compelling value proposition for merchants, consumers, and platforms
Compelling value proposition for merchants, consumers, and delivery platforms Economics With Serve Rising labor costs and regulations. Insurance overhead. High turnover. Limited operating hours. No driver wages. 14-hour operation. 65% lower hardware cost with Gen3. High utilization through platform
Slide 9: The Serve Flywheel
9Proprietary and ConfidentialPropri tary Every dollar of revenue funds more robots → more data → better models → more deployments → more revenue. 2,000 Serve robots on sidewalks. 100 Moxi robots in hospitals. Multi-domain, real- world data no one else can match. 1 Data End-to-end models train acro
Slide 10: A platform that powers Physical AI
10Proprietary and ConfidentialPropri tary We donʼt just operate robots. We operate a platform that powers Physical AI. Our stack is end-to-end: perception, localization, planning, connectivity, and remote supervision. Itʼs been built and optimized across millions of miles of real-world operation. In
Slide 11: The Serve robot
11Proprietary and ConfidentialPropri tary Gen2 Gen3 Top Speed 7 mph 11 mph Weather 32104°F / Light rain 4113°F / Heavy rain Range 23 mi 10 hrs 48 mi 14 hrs Cargo 13 gal / 4 14" pizzas 15 gal / 4 16" pizzas Unit Cost Baseline 65% reduction Third generation. Purpose-built for the sidewalk. Th
Slide 12: The Moxi robot
12Proprietary and ConfidentialPropri tary Purpose-built for the hospital. The Moxi robot Hardware & operating profile Compute NVIDIA RTX A2000 10× prior gen) Battery 70% capacity, 18h runtime Sensors 3D lidar, cameras Manipulation Mobile arm, drawer cameras Operating environment Multi-level hospi
Slide 13: Beacon
13Proprietary and ConfidentialPropri tary Engineered for the back of the house. Beacon Beacon alerts staff the moment a robot arrives. Built-in cellular and battery backup to operate independently of restaurant systems. Designed for instant deployment—no Wi-Fi, integrations, or employee training req
Slide 14: Fleet growth and manufacturing with Magna
14Proprietary and ConfidentialPropri tary First Gen3 robots roll off Magna assembly line Oct 2024 Fleet quadrupled. Miami, Dallas, Atlanta launched. H1 2025 Dec 2025 Fleet quadrupled again. 2,000th robot deployed. Largest sidewalk fleet in the U.S. 2026 Optimize utilization. Allocate fleet capacity
Slide 15: National sidewalk delivery network
⏺ Los Angeles ⏺ Miami ⏺ Dallas ⏺ Atlanta Live City-by-city. Neighborhood-by-neighborhood. National sidewalk delivery network Our playbook Launch in high-density neighborhoods, prove unit economics, then expand outward. Platform demand pulls us into each new market. ⏺ Chicago ⏺ Ft. Lauderdale ⏺ Washi
Slide 16: International Expansion
CITIES LIST City by city. Neighborhood by neighborhood. ● Australia new 2026: ● Canada ● United Kingdom ● Spain ● Japan ● Germany ● Netherlands 2027+: Cities listed represent potential expansion markets and constitute forward looking statements subject to change based on business, regulatory, and op
Slide 17: From proof of concept to revenue inflection
17Proprietary and ConfidentialPropri tary From proof of concept to revenue inflection. Financial path 2,000-robot fleet creates the foundation for utilization, monetization, and platform expansion. FY 2024 FY 2025 $1.8M Early fleet. R&D phase. $2.7M Guided $2.5M. Fleet → 2,000. FY 2026 Guidance $12
Slide 18: Serve Physical AI Services
18Proprietary and ConfidentialPropri tary Connect your fleet, find the data that matters, and expand with field-proven tools, regardless of your physical AI form factor. Accelerate your fleetʼs path to commercial scale. Serve Physical AI Services MODELS Serve Data Curator Quickly and easily identify
Slide 19: Diversification across geography, environment and customer
19Proprietary 19 Diversification across geography, environment and customer Fleet Revenue Growth Engine Diversified revenue streams across Serve Revenue Diversification Last-mile delivery: food, laundry, grocery Healthcare: Long-term fixed monthly + usage contracts at hospitals Branding: 80% QoQ gro
Slide 20: Built by people who've shipped robots, platforms, and products
20Proprietary and ConfidentialPropri tary Built by people who've shipped robots, platforms, and products. Team Ali Kashani Co-founder, CEO VP at Postmates. Ph.D. Robotics UBC. 15 patents. Touraj Parang President & COO VP Corp Dev at GoDaddy. Yale Law & Stanford. MJ Burk Chun Co-founder & VP Produc
Slide 21: Defining a category
21Proprietary and ConfidentialPropri tary Defining a category → Largest scaled commercial fleet on sidewalks and hospitals in the U.S. → 2,100+ deployed sidewalk + hospital robots → Scaled to over 40 cities and 14 metro areas from LA to D.C. corridor → Maintained 99.9% delivery completion rate and e
Slide 22: Q3 FY2026 Financial Highlights
22Proprietary and ConfidentialPropri tary Q3 FY2026 Financial Highlights $2.8M Q3 revenue 313% $198M cash & marketable securities as of 30 September 2026 Results Outlook YOY revenue growth $12M 2026 revenue guidance $15$17M 2026 capex $150M Non-GAAP operating expense reflecting continued investment
Slide 23: The Long-Term Vision
Slide 16 Header: The Long-Term Vision Unbundling the car for dense cities Specialized autonomous robots for everyday urban tasks. ● Safer streets ● Lower emissions ● More efficient local commerce Design direction: Strong closing image. Minimal text. One idea only. The Operating Layer of Physical AI
Slide 24: Projected 2026 Operating Expenses Reconciliation
24Proprietary and ConfidentialPropri tary Appendix Projected 2026 Operating Expenses (USD$ millions) GAAP Operating Expenses $ 208 Stock Based Compensation 50 Amortization of Intangible Assets 8 Non-GAAP Operating Expenses $ 150 Reconciliation of GAAP Operating Expenses to Non-GAAP Operating Expense
Slide 25: FY 2026 Plan
25Proprietary and ConfidentialPropri tary Appendix FY 2026 Plan (USD$ millions) Total Revenue $ 12 Non-GAAP Operating Expenses $ 150 Capital Expenditures $ 15 17 Cost of Revenue $ 44 48