Serve Robotics Inc. announced its financial results for the second quarter ended June 30, 2025, on August 7, 2025. The company reported quarterly revenue of $642,000, which beat the consensus estimate of $624,800.
However, Serve Robotics reported quarterly losses of 24 cents per share, missing the Street estimate for losses of 21 cents per share. Despite the EPS miss, the company quadrupled its fleet in the first half of the year and plans to quadruple it again in the second half of 2025.
Serve reiterated its guidance for a projected annualized revenue run-rate of $60 million to $80 million once its 2,000-robot fleet is fully deployed and reaches target utilization. The company provided third-quarter revenue guidance between $600,000 and $700,000.
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