SERV Grows to 20 Cities: Is Nationwide Robot Delivery Approaching?

Serve Robotics: Rapid Expansion and the Future of Autonomous Delivery

Serve Robotics Inc. is quickly growing its autonomous delivery operations, suggesting that robot-driven last-mile logistics could soon see a nationwide rollout. In the past year, Serve has moved from serving just one city to deploying approximately 2,000 autonomous robots across 20 cities in six major metropolitan areas, including Atlanta, Dallas, Chicago, and Miami.

This swift growth reflects Serve’s focus on scaling up while enhancing the artificial intelligence behind its robots. Every delivery provides valuable real-world data on sidewalks, traffic, and pedestrian interactions, which is used to refine the company’s autonomy models. As the robot fleet expands, the volume of data increases, further strengthening Serve’s technological edge and enabling safer, more efficient navigation in busy urban settings.

Partnerships with leading delivery platforms are fueling wider adoption. Serve now collaborates with major players like Uber Eats and DoorDash, giving its robots access to a significant share of the U.S. food delivery market. Additionally, Serve has grown its network to include over 4,500 restaurant and retail partners, greatly expanding the reach of its robotic delivery services.

The company’s financial results are beginning to reflect this momentum. In the fourth quarter of 2025, Serve reported revenue of about $0.9 million—a nearly 400% increase from the previous year—driven by higher delivery volumes and fleet utilization. For the full year, revenue reached $2.7 million, surpassing earlier projections.

Looking forward, Serve is diversifying beyond food delivery. The company is exploring new revenue sources such as robot-based advertising, software solutions, and data monetization. Its acquisition of Diligent Robotics marks an entry into healthcare automation, bringing hospital delivery robots and ongoing service contracts into the fold.

With a rapidly growing fleet, robust partnerships, and new business avenues, Serve Robotics is positioning itself for the next stage of autonomous delivery, with the potential to bring robot-powered logistics to cities across the country in the near future.

Stock Performance, Valuation, and Analyst Estimates

Over the past year, Serve’s stock has risen by 16.5%, while the broader industry has seen a decline of 25.1%. In comparison, Vertiv Holdings Co. and BigBear.ai Holdings, Inc. have posted gains of 190.6% and 12.9%, respectively.

Recent Price Trends

Source: Zacks Investment Research

Currently, SERV shares are trading at a premium, with a forward 12-month price-to-sales (P/S) ratio of 20.65, which is notably higher than the industry average of 13. By comparison, Vertiv and BigBear.ai have P/S ratios of 6.89 and 12.69, respectively.

Price-to-Sales Ratio Comparison

Source: Zacks Investment Research

The Zacks Consensus Estimate for Serve’s 2026 loss per share has recently widened from $1.83 to $1.89 over the past week.

Source: Zacks Investment Research

Serve currently holds a Zacks Rank #3 (Hold). For a full list of today’s Zacks #1 Rank (Strong Buy) stocks,

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