We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Can SERV's Rapid Fleet Expansion Drive a Step-Change in Revenue Growth?
Read MoreHide Full Article
Key Takeaways
SERV has expanded its deployed fleet beyond 2,000 robots, the largest autonomous sidewalk network in the U.S.
Serve Robotics reported higher daily operating hours per robot and declining intervention rates in Q3.
SERV leverages strategic partnerships while targeting a $60-$80M annualized revenue run rate into 2026.
Serve Robotics, Inc. (SERV - Free Report) is entering a new phase of scale, with fleet expansion emerging as a central driver of its revenue trajectory. During the third quarter of 2025, the company surpassed 1,000 robots deployed, a milestone management described as an operational inflection point where utilization improves and efficiency gains begin to compound. Since then, Serve Robotics has delivered on its expansion plans, officially surpassing 2,000 deployed robots — creating the largest autonomous sidewalk delivery fleet in the United States.
Early benefits from fleet expansion are already translating into stronger revenue momentum. For the third quarter, SERV reported revenues of $687,000, up 210% year over year, driven primarily by increased fleet activity. Management highlighted that average daily operating hours per robot rose 12.5% sequentially, while intervention rates declined, signaling improving autonomy and better unit-level efficiency. As robots operate longer hours with fewer human touchpoints, fleet revenues are becoming a more durable and scalable contributor to the top line.
Platform partnerships are amplifying the revenue impact of fleet expansion. Serve Robotics’ integrations with Uber Eats and DoorDash — which together account for more than 80% of the U.S. food delivery market — allow robots to dynamically accept orders across platforms, increasing utilization and reducing idle time. At the same time, national restaurant partnerships with brands such as Shake Shack, Little Caesars and newly added Jersey Mike’s Subs are expanding order density across markets. New city launches are expected to enrich the company’s autonomy models by introducing varied real-world conditions that strengthen systemwide performance.
Looking ahead, management intends to target an annualized revenue run rate of $60 million to $80 million as fleet scale and efficiency build into 2026. With a rapidly expanding deployed base, rising utilization metrics and improving autonomy performance, Serve Robotics appears positioned to move beyond early-stage deployment and into a more revenue-driven growth phase. If execution remains on track, the company’s fleet expansion could represent a meaningful inflection point in its revenue trajectory.
SERV’s Price Performance, Valuation & Estimates
Shares of Serve Robotics have declined 6.9% in the past three months compared with the industry’s fall of 0.9%. In the same time frame, other industry players like Vertiv Holdings Co (VRT - Free Report) and Leidos Holdings, Inc. (LDOS - Free Report) have gained 17.9% and 1.1%, respectively, while BigBear.ai Holdings, Inc. (BBAI - Free Report) has declined 0.9%.
SERV Three-Month Price Performance
Image Source: Zacks Investment Research
SERV stock is currently trading at a premium. It is currently trading at a forward 12-month price-to-sales (P/S) multiple of 38.28, well above the industry average of 16.95. Then again, other industry players, such as Vertiv, BigBear.ai and Leidos have P/S ratios of 5.05, 15.22 and 1.34, respectively.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Serve Robotics’ 2026 loss per share has widened from $1.37 to $1.79 in the past 60 days.
Image Source: Zacks Investment Research
The company is likely to report dismal earnings, with projections indicating a 8.2% fall in 2026. Conversely, industry players like Vertiv, BigBear.ai and Leidos are likely to witness growth of 26.6%, 72.8% and 4.7%, respectively, year over year in 2026 earnings.
Image: Shutterstock
Can SERV's Rapid Fleet Expansion Drive a Step-Change in Revenue Growth?
Key Takeaways
Serve Robotics, Inc. (SERV - Free Report) is entering a new phase of scale, with fleet expansion emerging as a central driver of its revenue trajectory. During the third quarter of 2025, the company surpassed 1,000 robots deployed, a milestone management described as an operational inflection point where utilization improves and efficiency gains begin to compound. Since then, Serve Robotics has delivered on its expansion plans, officially surpassing 2,000 deployed robots — creating the largest autonomous sidewalk delivery fleet in the United States.
Early benefits from fleet expansion are already translating into stronger revenue momentum. For the third quarter, SERV reported revenues of $687,000, up 210% year over year, driven primarily by increased fleet activity. Management highlighted that average daily operating hours per robot rose 12.5% sequentially, while intervention rates declined, signaling improving autonomy and better unit-level efficiency. As robots operate longer hours with fewer human touchpoints, fleet revenues are becoming a more durable and scalable contributor to the top line.
Platform partnerships are amplifying the revenue impact of fleet expansion. Serve Robotics’ integrations with Uber Eats and DoorDash — which together account for more than 80% of the U.S. food delivery market — allow robots to dynamically accept orders across platforms, increasing utilization and reducing idle time. At the same time, national restaurant partnerships with brands such as Shake Shack, Little Caesars and newly added Jersey Mike’s Subs are expanding order density across markets. New city launches are expected to enrich the company’s autonomy models by introducing varied real-world conditions that strengthen systemwide performance.
Looking ahead, management intends to target an annualized revenue run rate of $60 million to $80 million as fleet scale and efficiency build into 2026. With a rapidly expanding deployed base, rising utilization metrics and improving autonomy performance, Serve Robotics appears positioned to move beyond early-stage deployment and into a more revenue-driven growth phase. If execution remains on track, the company’s fleet expansion could represent a meaningful inflection point in its revenue trajectory.
SERV’s Price Performance, Valuation & Estimates
Shares of Serve Robotics have declined 6.9% in the past three months compared with the industry’s fall of 0.9%. In the same time frame, other industry players like Vertiv Holdings Co (VRT - Free Report) and Leidos Holdings, Inc. (LDOS - Free Report) have gained 17.9% and 1.1%, respectively, while BigBear.ai Holdings, Inc. (BBAI - Free Report) has declined 0.9%.
SERV Three-Month Price Performance
Image Source: Zacks Investment Research
SERV stock is currently trading at a premium. It is currently trading at a forward 12-month price-to-sales (P/S) multiple of 38.28, well above the industry average of 16.95. Then again, other industry players, such as Vertiv, BigBear.ai and Leidos have P/S ratios of 5.05, 15.22 and 1.34, respectively.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Serve Robotics’ 2026 loss per share has widened from $1.37 to $1.79 in the past 60 days.
Image Source: Zacks Investment Research
The company is likely to report dismal earnings, with projections indicating a 8.2% fall in 2026. Conversely, industry players like Vertiv, BigBear.ai and Leidos are likely to witness growth of 26.6%, 72.8% and 4.7%, respectively, year over year in 2026 earnings.
SERV stock currently has a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.