Shares of Serve Robotics Inc. (SERV) rose after the company announced a new partnership with White Castle to deliver its menu items using autonomous robots via Uber Technologies, Inc.'s Uber Eats platform.
The stock is currently trading at $11.27, up $1.60 or 16.55%, on the Nasdaq. It opened at $10.78 after closing the previous session at $9.67. The stock has traded between $4.66 and $18.64 over the past 52 weeks.
Under the partnership, customers ordering White Castle through Uber Eats in Serve's delivery zones may receive their orders via Serve's autonomous sidewalk delivery robots. The collaboration expands Serve's presence across major U.S. markets, including Los Angeles, Miami, Dallas-Fort Worth, Atlanta, Chicago, Fort Lauderdale, and Alexandria, Virginia, with more cities planned.
Serve also reported fourth-quarter revenue of $0.9 million, up roughly 400% year over year, while full-year 2025 revenue reached $2.7 million, above prior guidance.
Looking ahead, the company raised its 2026 revenue outlook to about $26 million and expects capital expenditures of around $25 million. However, the company reported a fourth-quarter net loss of $34.27 million, or $0.46 per share, compared with $13.1 million, or $0.36 per share, a year earlier.
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