Serve Robotics Announces First Quarter 2026 Results with 3X Sequential Revenue Growth
Serve Robotics reported Q1 revenue of $3.0 million, up 238% sequentially and 578% year-over-year, driven by growth across all offerings and the integration of Diligent Robotics. The company expanded its operating footprint to 44 cities across 14 states and improved gross margins as software revenue became a larger mix of total sales.
Key figures
- Revenue
- 3000000
- Guidance
- Reaffirms 2026 full year revenue of approximately $26 million; Non-GAAP operating expense of $160 to $170 million
- Revenue Yoy
- 578%
- Gross margin
- improved
- Fleet deployed
- 2000
- Daily supply hours
- 10295
- Liquidity position
- 197400000
- Outstanding shares
- 76000000
- Daily active robots
- 812
AI analysis
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