Overview
- Q4 2025 revenue reached $30.8 million versus $16.2 million expected with a per‑share loss of $0.14 versus a $0.23 loss forecast, and shares rose after H.C. Wainwright upgraded the stock to Buy with an $18 target.
- Full‑year 2025 results showed a $929.8 million net loss and $53 million in revenue, aided by the Blade acquisition that provided the company’s first meaningful sales line.
- Joby ended 2025 with $1.4 billion in cash and subsequently raised about $1.2 billion in equity and convertible notes from investors including Baillie Gifford and Counterpoint Global, bringing pro forma cash to roughly $2.6 billion.
- The company says it is in the near‑final stage of FAA certification, with aircraft built for required inspection flights and more than 50,000 miles of flight testing completed.
- Joby and Uber demonstrated in‑app air taxi booking in Dubai, the company targets first paying passengers there later in 2026 pending approvals, plans to double Dayton output in 2027 to four aircraft per month, and guides 2026 revenue to $105–$115 million.