Serve Robotics Inc. (NASDAQ:SERV) shares rose in Wednesday’s premarket trading after the autonomous delivery company reported fourth-quarter results that topped Wall Street estimates and raised its fiscal 2026 revenue outlook.
The rally was likely magnified by elevated short interest, with 25% of the public float sold short, signaling substantial bearish positioning that may have fueled a squeeze.
Earnings Snapshot
Serve Robotics reported a fourth-quarter adjusted loss of 34 cents, better than the expected loss of 53 cents per share.
Sales reached $882 thousand, beating the consensus of $762.5 thousand.
The fourth quarter sales exceeded prior guidance and increased roughly 400% compared to the fourth quarter of 2024. Full year 2025 revenue was $2.7 million, above prior guidance of $2.5 million.
Serve Robotics raised its fiscal 2026 sales guidance from $25 million to $26 million.
Performance Metrics
The average number of robots performing daily deliveries was 547, up from 57 a year ago.
Daily supply hours jumped from 455 to 6,676.
Last week, The Bear Cave published a new report raising concerns about the sidewalk delivery robotics company.
The Bear Cave argued expectations for …