Serve Robotics Inc (NAS:SERV)

Q3 2025 Serve Robotics Inc Earnings Call Transcript

Nov 12, 2025 / 10:00 PM GMT

Release Date Price: $10.47 (+1.36%)

Transcript 10-Q8-K

Key Points

Positve

Serve Robotics Inc (SERV) has successfully deployed over 1,000 robots, marking a significant milestone in their expansion efforts.
The company reported a 66% increase in delivery volume and a 45% increase in restaurant partnerships, indicating strong growth and market acceptance.
Serve Robotics Inc (SERV) has formed strategic partnerships with major delivery platforms like DoorDash and Uber, covering over 80% of the U.S. food delivery market.
The company has achieved a 210% increase in total revenue compared to the previous year, showcasing strong financial performance.
Serve Robotics Inc (SERV) is expanding rapidly, with plans to deploy 2,000 robots by the end of the year and expand into new markets such as Georgia, Florida, and Virginia.

Negative

The company reported a GAAP operating expense of $30.4 million, indicating high costs associated with expansion and integration efforts.
Serve Robotics Inc (SERV) is still in the early stages of integrating recent acquisitions, which may take months to fully realize benefits.
The company is facing challenges in maintaining financial discipline while pursuing rapid growth and expansion.
Despite significant revenue growth, the company reported an adjusted EBITDA of -$24.9 million, highlighting ongoing financial losses.
The path to achieving a $60 to $80 million revenue run rate is still more than 12 months away, indicating a longer timeline for reaching financial targets.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SERV.OQ - Serve Robotics Inc
Q3 2025 Serve Robotics Inc Earnings Call
Nov 12, 2025 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello and thank you for standing by. I would like to welcome everyone to the Serve Robotics 3rd quarter 2025 financial results and conference call. Now I would like to turn the call over to Aduke Tow, head of communications and investor relations. Please go ahead.

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Unidentified_2 [2]
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Thank you, operator, and good afternoon, everyone.

Welcome to Serve Robotics 3rd quarter 2025 earnings call.

With me today are Serve's co-founder and CEO Ali Kashani, and our CFO Brian Reed.

During today's call, we may present both GAAP and non-GAAP

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