Serve Robotics Inc.
serverobotics.comWhat Do They Do?
Operates sidewalk robots for food-delivery platforms and merchants, and hospital robots that handle logistics for healthcare systems.
10-K for FY2025, filed Mar 12, 2026We are engaged in developing technologies intended to enable sustainable, autonomous robotic solutions for public and commercial spaces.…View ↗
While food delivery remains our primary commercial application, we are expanding our platform into adjacent markets, customer segments, and…View ↗
As of December 31, 2025, Serve’s fleet consisted of over 2,000 sidewalk delivery robots. We maintain platform-level integrations with food…View ↗
Following our acquisition of Diligent in January 2026, we also operate Moxi robots in hospital environments to assist clinical staff with…View ↗
How Do They Make Money?
Serve earns fleet revenue from completed deliveries, branding over contract terms, and data transfers accepted by customers. Software revenue comes from software access licenses and engineering and development projects.
10-K for FY2025, filed Mar 12, 2026The Company recognizes revenue on its fleet services when the performance obligation is satisfied. The fleet performs delivery services…View ↗
The Company derives revenue from its fleet of autonomous robots by offering delivery services, branding services, and data monetization.…View ↗
Software services revenue is derived from licensing software to customers, and engineering and development projects. Software licensing…View ↗
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10-K for FY2025, filed Mar 12, 2026
FY2025 revenue by product or service ↗
$2.7M
-
10-K for FY2025, filed Mar 12, 2026
$2.7M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Fleet services
|
61% |
Fleet services, FY2025
$1.6M Sources
|
|
|
Software services
Licensed
10-K for FY2025, filed Mar 12, 2026 |
39% |
Software services, FY2025
$1M Sources
|
Licensed |
Who Are Their Customers?
Food-delivery platforms connect delivery requests to Serve’s robots through integrations; brands and data customers buy fleet services, while healthcare systems use robots for hospital logistics.
10-K for FY2025, filed Mar 12, 2026As of December 31, 2025, Serve’s fleet consisted of over 2,000 sidewalk delivery robots. We maintain platform-level integrations with food…View ↗
In January 2026, subsequent to the period covered by this Annual Report on Form 10-K, we completed the acquisition of Diligent Robotics…View ↗
Following our acquisition of Diligent in January 2026, we also operate Moxi robots in hospital environments to assist clinical staff with…View ↗
The Company derives revenue from its fleet of autonomous robots by offering delivery services, branding services, and data monetization.…View ↗
10-K for FY2025, filed Mar 12, 2026
Year ended December 31, 2025 2024 Customer A sales as a percentage of total revenues 37 % 26 % Customer B sales as a percentage of total…View ↗
Do Revenues Turn Into Profits?
No. It lost $101.4M in FY2025.
10-K for FY2025, filed Mar 12, 2026
−$112.8MView ↗
10-K for FY2025, filed Mar 12, 2026
−$101.4MView ↗
10-K for FY2025, filed Mar 12, 2026
−$117.6MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 6, 2026
−$64.1MView ↗
- ▲ +208% (Loss)
- vs −$20.9M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
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Aug 17, 2026
Serve adds Grubhub to its robot-delivery network
The partnership brings robot deliveries to Grubhub merchants and Wonder’s Alexandria location.
Sources
8-K, filed Aug 17, 2026
SAN FRANCISCO, CA — August 17, 2026 — Serve Robotics Inc. (Nasdaq: SERV), a leading autonomous sidewalk delivery company, and Grubhub, a…View ↗
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Aug 6, 2026
Serve revises full-year 2026 revenue guidance to $9 million to $10 million
The company cites lower-than-expected Uber Eats delivery volume and removed projected second-half demand.
Sources
8-K, filed Aug 6, 2026
The Company revised its full year 2026 revenue guidance to a range of $9 million to $10 million. The revision reflects lower than expected…View ↗
Growing. Revenue grew 24.6x in 3 years, from $107.8K in FY2022 to $2.7M in FY2025, about 191% a year.
Blank-check vehicle to robotics operator
The older report describes an acquisition vehicle with no active operations, seeking a business combination; the latest report describes designing, deploying and operating autonomous robots for food delivery and other settings.
10-K for FY2022, filed Mar 31, 2023 10-K for FY2025, filed Mar 12, 2026The Company was organized as a vehicle to investigate and, if such investigation warrants, acquire a target company or business seeking the…View ↗
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