Serve Robotics Q1 revenue $440k (+150% QoQ), guides Q2 $600-700k, cash $198M

Serve Robotics Inc. /DE/

2025-Q1 EPS reported -$0.23 revenue$440,465

Revenue of $440k in Q1 2025, up 150% sequentially; Q2 2025 guidance $600-700k (35-60% QoQ growth).
Deployed 250 third-gen robots; on track for 2,000 by year-end with $60-80M annualized revenue run-rate in 2026.
Expanded into Miami and Dallas; now serving 320k+ households, a 110% increase since December 2024.
Record cash $198M after raising $91.5M new capital; ~57M shares outstanding as of March 31, 2025.
Monetizing software/data platform with a European automaker and autonomous trucking firm; led by new VP Scott Wagoner.

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