Serve Robotics reports Q4 revenue up 400% YoY to $0.9M; raises 2026 outlook to ~$26M

Serve Robotics Inc. /DE/

Q4 2025 revenue $0.9M (+400% YoY); full year revenue $2.7M, above prior guidance of $2.5M.
Fleet scaled to 2,000 robots across 20 cities; daily active robots 547 vs 57 a year ago.
Completed four strategic acquisitions: Vayu, Phantom Auto, Diligent Robotics, Vebu.
Raised 2026 revenue guidance to ~$26M; expects ~$25M capex; cash position $260M.
Merchant base grew to 4,500+ partners; now multi-platform with Uber Eats and DoorDash.

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