Serve Robotics' $240M Cushion Faces Revenue Cut

Earnings
โดย Zacks Investment Research·US·Read original
Summary · why it matters

Serve Robotics Inc. ended the second quarter of 2026 with $240.4 million in cash and marketable securities, but its ability to fund robot ambitions is tested by heavy spending and a revenue guidance cut. Second-quarter revenues jumped 404% year over year to $3.24 million, with recurring revenues exceeding 50% of total sales and advertising nearly half of robotic food-delivery revenues. However, the company reported a $64.1 million net loss in the quarter and used $84.7 million in operations during the first half of 2026, while raising about $84.9 million through an ATM stock offering. Management lowered 2026 adjusted operating expense guidance to $140-$150 million and capital expenditures to $15-$17 million, but also cut revenue guidance to $9-$10 million from $26 million due to weaker Uber Eats volume. With over 2,000 robots deployed, Serve Robotics' next phase focuses on monetization, and its liquidity provides runway, but sustained revenue growth and tighter cash burn will determine success.

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