Serve Robotics has deployed over 1,000 delivery robots in the third quarter of 2025 and aims to reach 2,000 by the end of the year, expanding its operations in major U.S. cities including Los Angeles, Miami, and Chicago. The company anticipates significant revenue growth in 2026, projecting a nearly 10-fold increase, driven by partnerships with platforms like Uber and DoorDash.
The introduction of the Gen3 robot has resulted in a 65% decrease in costs, alongside enhanced speed and range. Additionally, the acquisition of Diligent Robotics, which operates the Moxi robots in over 25 hospitals, extends Serve Robotics’ market capabilities into healthcare, diversifying its revenue sources.
Despite ongoing financial losses due to heavy investments in research and development, Serve Robotics currently has over $200 million in liquidity. Its stock is trading at a forward price-to-sales ratio of 25.11, significantly higher than the industry average of 12.85, while the expected loss per share for 2026 stands at $1.83.
