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SERV-News
SERV-Events
Serve Reports Q2 Revenue of $3.2M, Below Consensus
Reports Q2 revenue $3.2M, consensus $3.92M. "Serve is driving innovation in last-mile delivery as our scaled robot fleet is powering deliveries across multiple verticals," said Dr. Ali Kashani, Serve's Co-founder and CEO. "Our leadership in autonomy and commercial deployment has created advantages that compound with scale, enabling unique partnerships, more diversified revenue streams, and new monetization opportunities, all while maintaining a disciplined approach to growth."
Company Lowers FY26 Adjusted Operating Expense to $140M-$150M
Consensus $25.88M. The revision reflects lower than expected delivery volume through the Company's Uber Eats partnership, including a decline reflected in Q2 results and the removal of projected demand in the second half of 2026. Cuts FY26 adjusted operating expense view to $140M-$150M from $160M-$170M.
OPTU Stock Borrow Rate Increases to 144.91%
Latest data shows the largest indicative borrow rate increases among liquid option names include: OPTU Stock (OPTU) 144.91% +33.43, Aries I Acquisition Corp (RAM) 17.15% +2.22, Starfighters Space, Inc. (FJET) 80.00% +2.18, Defiance Daily Target 2X Long RGTI ETF (RGTX) 29.14% +1.81, Tidal Trust II (IRE) 23.33% +1.63, Leverage Shares 2X Long SPCX Daily ETF (SPCH) 41.09% +1.53, Securitize Corp. (SECZ) 4.86% +1.05, Serve Robotics Inc (SERV) 7.97% +0.63, Mesoblast (MESO) 9.79% +0.57, and Chain Bridge I (CBRG) 22.02% +0.49.
Serve Robotics Partners with NoScrubs for Laundry Delivery
Serve Robotics announced a new partnership with NoScrubs, marking Serve's first commercial urban delivery partnership outside of prepared food. The pilot, launching this week in select Los Angeles neighborhoods, will use Serve's existing fleet of autonomous sidewalk robots to deliver NoScrubs laundry orders directly to customers' doors. The commercial pilot extends Serve's last-mile delivery opportunity into a new category of recurring local commerce. NoScrubs operates across seven major U.S. metros.
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