Serve Robotics Inc. (SERV) reported a loss of 65 cents per share in Q1 2026, widening from a loss of 23 cents a year earlier, despite revenues of $3 million, which exceeded expectations by 27.8% and showed a 578% year-over-year increase. Year-to-date, SERV’s stock has declined by 15.8%, underperforming the broader Zacks Computer and Technology sector and the S&P 500 Index.
The company has expanded its sidewalk robot fleet from approximately 100 units to nearly 2,000 in just a year as of March 31, 2026, seeking to capitalize on the growing demand for delivery services. However, it faces significant challenges, including a net loss of approximately $49 million in Q1 2026, driven by escalating operational expenses due to fleet growth and acquisitions.
Despite its rapid expansion and strategic partnerships with companies like DoorDash and Uber Eats, SERV is under pressure from increasing costs and market uncertainties. Analysts project a loss per share of $2.58 for 2026, widened from earlier forecasts, indicating potential challenges in achieving profitability in the near term.
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