GlobeNewswire·Nov 5, 2026, 4:05 PM ET

Serve Robotics Announces Third Quarter 2026 Results

Serve Robotics reported Q3 2026 revenue of $2.8 million, representing a 313% increase year-over-year.
The company raised its full-year 2026 revenue guidance to $12 million from a previous range of $9 million to $10 million.
Daily delivery volume tripled in Q3 with new partners, while merchant numbers grew 2.5x.
Serve launched its first international city in Australia in October 2026.
Recurring revenue comprised 69% of total Q3 revenue, with branding revenue growing nearly 80% sequentially.
The company secured 12 multi-year contract extensions with hospital customers 4 new hospital additions year-to-date in healthcare.
Cash 4 marketable securities totaled $198 million as of September 30, 2026.
Full-year 2026 non-GAAP operating expense guidance was lowered to $150 million from a prior range of $160 million to $170 million.
Daily active robots averaged 917 in Q3 2026, up from 312 in the same period of 2025.
Approximately 88 million shares of common stock were outstanding as of September 30, 2026.
Serve announced the launch of Serve Physical AI Services to make its fleet technology available to other robot manufacturers.
The company acquired Diligent Robotics in 2026, expanding operations into indoor service robots for hospitals.
GAAP net loss for the nine months ended September 30, 2026, was $172.4 million.