Revenue: As of FY2025 Q3, the actual value is USD 687 K, missing the estimate of USD 691.12 K.EPS: As of FY2025 Q3, the actual value is USD -0.54, missing the estimate of USD -0.32.EBIT: As of FY2025 Q3, the actual value is USD -36.52 M.<h3>Segment Revenue</h3><ul><li>Software Services Revenue: $254 thousand for the three months ended September 30, 2025, compared to $39 thousand for the same period in 2024. For the nine months ended September 30, 2025, revenue was $795 thousand compared to $1,186 thousand in 2024.</li><li>Fleet Services Revenue: $433 thousand for the three months ended September 30, 2025, compared to $183 thousand for the same period in 2024. For the nine months ended September 30, 2025, revenue was $974 thousand compared to $451 thousand in 2024.</li></ul><h3>Operational Metrics</h3><ul><li>Net Loss: - $33,020 thousand for the three months ended September 30, 2025, compared to - $7,996 thousand for the same period in 2024. For the nine months ended September 30, 2025, net loss was - $67,088 thousand compared to - $26,071 thousand in 2024.</li><li>Gross Profit (Loss): - $4,379 thousand for the three months ended September 30, 2025, compared to - $156 thousand for the same period in 2024. For the nine months ended September 30, 2025, gross loss was - $8,707 thousand compared to a profit of $581 thousand in 2024.</li><li>Operating Expenses: Total operating expenses were $30,437 thousand for the three months ended September 30, 2025, compared to $8,289 thousand for the same period in 2024. For the nine months ended September 30, 2025, operating expenses were $63,760 thousand compared to $25,293 thousand in 2024.</li></ul><h3>Cash Flow</h3><ul><li>Net Cash Used in Operating Activities: - $50,601 thousand for the nine months ended September 30, 2025, compared to - $15,279 thousand for the same period in 2024.</li><li>Net Cash Used in Investing Activities: - $122,144 thousand for the nine months ended September 30, 2025, compared to - $5,395 thousand for the same period in 2024.</li><li>Net Cash Provided by Financing Activities: $166,262 thousand for the nine months ended September 30, 2025, compared to $71,580 thousand for the same period in 2024.</li></ul><h3>Unique Metrics</h3><ul><li>Daily Active Robots: 312 for the three months ended September 30, 2025, compared to 59 for the same period in 2024. For the nine months ended September 30, 2025, daily active robots were 182 compared to 49 in 2024.</li><li>Daily Supply Hours: 3,781 for the three months ended September 30, 2025, compared to 465 for the same period in 2024. For the nine months ended September 30, 2025, daily supply hours were 2,062 compared to 384 in 2024.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: Serve Robotics Inc. plans to continue expanding its fleet and enhancing its AI-powered robotics mobility platform to improve delivery efficiency and reduce costs. The company aims to increase the number of daily active robots and daily supply hours to maximize utilization and revenue generation.</li><li>Non-Core Business: The company is exploring strategic partnerships and acquisitions, such as the acquisition of Vayu Robotics, Inc. and Voysys AB, to enhance its technology stack and support the growth of its autonomous delivery robots.</li><li>Priority: Serve Robotics Inc. is focused on scaling its operations and improving its financial performance by increasing revenue from fleet and software services while managing operating expenses and cash flow effectively.</li></ul>

Serve Robotics | 10-Q: FY2025 Q3 Revenue Misses Estimate at USD 687 K