Core Insights - Serve Robotics, Inc. (SERV) is significantly expanding its restaurant partnerships, with deliveries for over 3,600 restaurants, marking a 45% sequential increase and over ninefold growth year over year [1][8] - The company's growth strategy is heavily reliant on deep integrations with Uber and DoorDash, which together dominate over 80% of the U.S. food delivery market, enhancing robot utilization and efficiency [2][8] - New national partnerships, including Jersey Mike's Subs, are diversifying SERV's demand base and contributing to steady order flow across various markets [3][5] Expansion and Utilization - The growing restaurant network is seen as a competitive advantage, with over 1,000 robots deployed and plans to reach 2,000 by the end of 2025, creating the first national autonomous delivery network [4] - Each additional restaurant enhances delivery density and generates valuable sensor data, which improves AI models for safety and reliability [4] Financial Performance - SERV shares have increased by 25.8% over the past three months, outperforming the industry average growth of 0.9% [6] - The stock is currently trading at a forward 12-month price-to-sales (P/S) multiple of 47.67, significantly higher than the industry average of 17.01 [9] - The Zacks Consensus Estimate for SERV's 2026 loss per share has widened from $1.40 to $1.67, indicating potential challenges ahead [10]