Is Serve Robotics' Tie-Up With DoorDash Set to Transform 2026 Revenues?

Serve Robotics Inc.’s SERV partnership with DoorDash DASH marks a pivotal turn in the company’s scale-up strategy, coming at a moment when its national footprint and robot deployment curve are accelerating at record speed. The alliance links Serve Robotics to the largest delivery platform in the United States, creating a high-volume demand pipeline that complements its long-standing relationship with Uber Technologies UBER and meaningfully reshapes its revenue trajectory in 2026. With more than 1,000 robots already deployed and the 2,000-unit milestone expected by mid-December, Serve Robotics is entering 2026 with a fleet capable of handling far more volume than in prior years. The ability for each robot to alternate between DoorDash and Uber orders strengthens utilization, lowers cost per delivery and expands Serve Robotics’ addressable market across both platforms.

Third-quarter results already reflected the momentum behind the model, with delivery volume rising 66% sequentially and branding revenue surging 120% as the larger fleet unlocked new monetization layers. The DoorDash integration extends this dynamic by adding tens of thousands of potential restaurant endpoints and millions of incremental orders to the network, providing Serve Robotics with the scale required to move toward its targeted 10 times revenue inflection in 2026. As autonomy improves and daily operating hours continue to rise, each robot becomes increasingly productive, amplifying the revenue impact of the partnership.

However, Serve Robotics is still loss-making and continues to invest heavily in R&D, operations, and market launches—but the demand channel unlocked by DoorDash materially strengthens its multi-platform strategy. While the company remains in investment mode with continued losses tied to R&D, acquisitions, and new market launches, the dual-platform strategy anchored by DoorDash and Uber strengthens the economic foundation of the business.  If execution remains disciplined, these ties could become a defining catalyst for Serve Robotics’ next phase of growth.

SERV Stock’s Price Performance & Valuation Trend

Shares of this leading autonomous sidewalk delivery company have gained 4.5% in the past six months, significantly outperforming the Zacks Computers - IT Services industry, but lagging the Zacks Computer and Technology sector and the S&P 500 Index, as you can see below.

SERV’s Share Price Performance

From a valuation standpoint, SERV trades at a forward price-to-sales ratio of 28.35, significantly higher than the industry’s average, as shown below.

SERV Valuation

Earnings Estimate Trend of SERV Stock

SERV’s bottom-line estimates for 2025 have remained unchanged at a loss of $1.30 over the past 30 days. The estimated figure for 2025 is wider than the loss of 67 cents per share reported a year ago.

SERV’s Earnings Estimate Revision

SERV currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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This article originally published on Zacks Investment Research (zacks.com).

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