Joby reports third quarter 2026 financial results

Joby Aviation, Inc., a company developing electric air taxis for commercial passenger service, today issued its Third Quarter 2026 Shareholder Letter detailing the company's operational and financial results for the quarter ending September 30, 2026.

Highlights include:

– First flights completed in Texas and Florida as part of White House-backed eIPP programme, designed to accelerate commercialisation of air taxis

– Wide range of "for credit" testing completed as part of fifth and final stage of FAA type certification

– Manufacturing output significantly increased, with 17 aircraft now in production

– Record quarter for Blade, flying 44,000+ passengers; Q3 2026 revenue of $55 million primarily from Blade

– Full Year 2026 revenue outlook raised 15% to a range of $135 million to $140 million

– Joby's J208 autonomous aircraft completed the first ever fully autonomous flight across the U.S.

– Joby's autonomy focused contracts with the U.S. Air Force were expanded to ~$37 million

– Planned acquisition of Resonant Sciences, an EBITDA-positive defence technology company with $100 million-plus in trailing twelve-month revenue, to significantly expand Joby's defence business, adding a fast-growing company with established programmes, classified capabilities and scaled manufacturing operations

– $2.2 billion in cash, cash equivalents, and short-term investments as of September 30, 2026

Commenting on Joby's third quarter results, JoeBen Bevirt, founder and CEO, said:

"This quarter, we made important progress on the fifth and final stage of certification, completing a wide range of 'for credit' testing with the FAA. We significantly increased manufacturing output while improving efficiency, and demonstrated our electric air taxi in key early U.S. markets through the White House-backed eIPP program. Our J208 aircraft also completed what we believe to be the first fully autonomous flight of a civilian aircraft across the United States, and this morning we announced an expansion of our autonomy-focused contracts with the U.S. Air Force to nearly $37 million."

"Our core mission is - and always has been - to bring electric vertical flight to passengers around the world. We designed our aircraft from the ground up for that mission, and our engineering, manufacturing and certification efforts are focused on bringing it to market. The progress we're making gives me every confidence that Joby will continue to lead the way."

Outlook

Joby's current outlook incorporates investment toward certification of our eVTOL aircraft, expansion of manufacturing, and advancement of commercial preparations including participation in the U.S. eVTOL Integration Pilot Programme. The company increased its full year 2026 total revenue outlook to a range of $135 million to $140 million. For the second half of 2026, Joby anticipates use of cash, cash equivalents and short-term investments to be between $385 million and $415 million.