Q4 2025 Serve Robotics Inc Earnings Call Transcript
Key Points
- Serve Robotics Inc (SERV) successfully deployed 2000 autonomous robots across 20 cities, achieving a national footprint.
- The company expanded its partnerships by adding DoorDash alongside Uber Eats, covering over 80% of the US food delivery market.
- Serve Robotics Inc (SERV) completed four strategic acquisitions in 2025, enhancing its data collection, model creation, and monetization capabilities.
- The company achieved a 99.8% delivery completion rate, maintaining a strong safety record while scaling operations.
- Revenue for Q4 2025 increased over 400% year over year, with full-year revenue exceeding guidance at $2.7 million.
- Despite significant revenue growth, Serve Robotics Inc (SERV) reported an adjusted EBITDA of -$28 million, indicating ongoing financial challenges.
- The company faces high operating expenses, with GAAP operating expenses for Q4 at $34.3 million, reflecting the cost of deploying nearly 1,000 new robots.
- Serve Robotics Inc (SERV) is in the early stages of integrating recent acquisitions, which may pose challenges in achieving seamless operations.
- The company anticipates a flattening of G&A expense growth, but managing costs while scaling operations remains a concern.
- International expansion plans are still in the groundwork phase, with significant growth opportunities expected only by 2027.
Good morning and welcome to the Serve Robotics 4th quarter 2025 financial results and conference call. I am Frans, and I'll be the operator assisting you today. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session.
If you would like to ask a question during this time, simply press one on your telephone keypad. If you would like to withdraw your question, please press one again.
Thank you.
I would now like to turn the call over to Steve Webb. Please go ahead.
Thank you, operator, and good afternoon, everyone. I'm Steve Webb, Serves SVP of Marketing and communications. Welcome to Serve Robotics 4th quarter and 4 year 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 financial measures. If needed, a reconciliation of GAAP to non-GAAP measures can be found in our earnings release filed earlier
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