Serve Robotics — Third Quarter 2026 Earnings Summary

Serve Robotics reported third-quarter 2026 revenue of $2.8 million, representing a 313% year-over-year increase, and raised its full-year 2026 revenue guidance to $12 million. The company tripled its daily average deliveries and achieved a recurring revenue mix of 69%, while maintaining a strong balance sheet with $198 million in cash and marketable securities. Management lowered its full-year non-GAAP operating expense guidance to $150 million, citing improved cost discipline and structural gains in fleet margins. Additionally, the firm expanded its operations by launching its first international city in Australia and entering 12 multi-year contract extensions with hospital customers.