NASDAQ$SERV

Serve Robotics Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close

Briefing

Serve Robotics reported Q2 2025 revenue of $642,000 and a net loss of $20.9 million.

Serve Robotics Inc. reported revenue of $642 thousand for the three months ended June 30, 2025, up from $468 thousand in the prior-year quarter, driven by fleet services growth. The company posted a net loss of $20.9 million, reflecting increased operating expenses and costs associated with fleet scale-up and market expansion. Cash and cash equivalents stood at $116.7 million at quarter end, supported by prior equity raises.

  • Q2 revenue reached $642 thousand, with fleet services contributing $330 thousand and software services $312 thousand.
  • Net loss widened to $20.9 million as operating expenses rose to $19.8 million amid headcount growth and infrastructure investments.
  • Daily active robots averaged 160 and daily supply hours reached 1,723, indicating expanded operational capacity.
  • Cash position remained strong at $116.7 million plus $66.6 million in marketable securities following equity issuances.

Headline financials

Total Revenue

$642K

Previous: $468K+37.1%
EPS (adj)

-$0.36

Previous: -$0.27-33.3%
Daily active robots

160

No prior period
Daily supply hours

1.7K

No prior period
Capital Expenditures

-$9.5M

Previous: -$798K-1089.7%
Free Cash Flow

-$30.3M

Previous: -$9.84M-208.5%
Net Income

-$20.9M

Previous: -$9.04M-130.7%
Operating Income

-$22.6M

Previous: -$8.56M-164.7%
Gross Profit

-$2.86M

Previous: $142K-2108.3%
Cash & Equivalents

$117M

Previous: $28.8M+305.5%
Total Assets

$214M

Previous: $32.8M+554.1%

Revenue & EPS history

Serve Robotics Inc · Revenue · Quarterly

$642K

Q2 2025+37.1%vs Q2 2024
Beat estimate in 2 of 4 quarters(50%)
ActualEstimate

Revenue by segment

Serve Robotics Inc · $642K total across 2 segments · Q2 2025

  • Fleet services
    $330K
  • Software services
    $312K

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 7 quarterly earnings reports

Historical avg

-0.7%

Avg return

Earnings day

-0.6%

Avg return

5 days after

+4.9%

Avg return

30 days after

43%

3 / 7 earnings

Positive

+10.1%

Q4 2025

Best reaction

-10.0%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026-5.0%-8.7%-19.2%
Q4 2025+10.1%+1.9%-14.6%
Q3 2025-10.0%-14.3%+15.9%
Q1 2025+9.5%+48.6%+116.2%
Q3 2024+7.3%-14.6%+16.9%
Q2 2024-7.5%-0.4%-34.5%
Q1 2024-9.6%-16.9%-46.2%
Q3 2023

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