Earnings Releases·Nov 5, 2026, 4:10 PM ET

Serve Robotics — Third Quarter 2026 Earnings Summary

Reported Q3 2026 revenue of $2.8 million, a 313% year-over-year increase, with recurring revenue comprising 69% of the mix; however, net loss for the nine months ended September 30, 2026, widened to $172.4 million from $67.1 million in the prior year period.
Raised full-year 2026 revenue guidance to $12 million (from $9–$10 million) and lowered non-GAAP operating expense guidance to $150 million (from $160–$170 million) citing strong robot demand and structural unit economics improvements.
Executed strategic expansion via the 2026 acquisition of Diligent Robotics, Inc. to enter indoor service markets, while launching "Serve Physical AI Services" and commencing international operations in Australia in October 2026.
Operational scale increased significantly with daily active robots rising to 917 (from 312) and daily supply hours to 11,214 (from 3,781) year-over-year, supported by $84.9 million in proceeds from at-the-market stock offerings.