Serve Robotics (SERV)
Recap: Q4 2025
2,000 Robots Deployed, $26M in 2026 Revenue Guided, Four Acquisitions Completed, and White Castle Signed on Earnings Day — The Fleet Build Is Done, the Revenue Inflection Year Has Arrived, and the Market Is Fixated on the $160M OpEx Bill
Analysis: Q3 2025
1,000 Robots Deployed, DoorDash Signed, and 380 Units Shipped in September Alone — The Platform Thesis Just Went from Theory to Reality, and the Market Is Selling It Because the EPS Was ($0.54)
Analysis: Q2 2025
Revenue Lands Mid-Range at $642K, 620 Robots Are on the Ground, and Atlanta Makes Four Cities — Everything Is Going to Plan, Which Is Exactly the Problem for a Stock That Needs Catalysts, Not Confirmation
Analysis: Q1 2025
$440K in Revenue, $198M in Cash, and 250 Robots Rolling Off the Line — The Thesis Is Compelling on Paper but the Gap Between Vision and Unit Economics Remains a Canyon, Not a Creek