Recent Updates — SERV
On October 5, 2026, Serve Robotics Inc. made available an updated investor presentation disclosing preliminary unaudited management estimates for its full-year 2026 cost of revenue. The company projects costs between $44 million and $48 million, based on expectations for the second half of the fiscal year ending December 31, 2026. These figures are subject to completion of financial closing procedures and have not been audited or reviewed by the Company's independent registered public accounting firm. The filing also reiterates FY2026 revenue guidance of $9 million to $10 million and capital expenditure estimates of $150 million to $170 million. Serve Robotics Inc. operates scaled commercial autonomous robotics fleets for last-mile delivery and healthcare logistics across the United States.
Serve Robotics Inc. announced a strategic partnership with Grubhub (Wonder) to integrate autonomous robot delivery into the Grubhub marketplace, launching in Chicago, Los Angeles, and Alexandria. The company also expanded its operational footprint by entering Washington, DC and San Jose via DoorDash partnerships and inaugurated its first micro-depot in Miami. Additionally, Serve began rolling out Moxi 2.0 hospital robots with enhanced processing capabilities, previewed the Beacon countertop product to facilitate restaurant integration, and launched an interactive advertising service called Characters featuring a branded robot named Chomp. This filing discloses operational expansion and new commercial partnerships rather than financial results or corporate governance changes. Serve Robotics Inc. designs and operates autonomous sidewalk delivery robots and indoor hospital service robots.
Serve Robotics Inc. reported second quarter 2026 financial results, announcing revenue of $3.2 million, a 404% increase year-over-year and 9% sequential growth. The company maintains a strong balance sheet with $240.4 million in cash and marketable securities as of June 30, 2026. Management revised full-year 2026 revenue guidance downward to a range of $9 million to $10 million, citing lower than expected delivery volume through its Uber Eats partnership. Non-GAAP operating expenses for the year are now projected at $140 million to $150 million, down from previous estimates of $160 million to $170 million. Serve Robotics Inc. designs and operates autonomous robots for last-mile delivery and healthcare applications.
Sarfraz Maredia resigned from the Board of Directors of Serve Robotics Inc. effective June 17, 2026. The Board appointed Andreas Lieber to fill the resulting Class I director vacancy, effective June 22, 2026. Mr. Lieber, currently General Manager at California Forever and former Interim CEO of Postmates, will serve until the 2027 annual meeting of stockholders. His appointment was made following a recommendation by the nominating and corporate governance committee. Serve Robotics Inc. develops autonomous robotics technology.