Joby Aviation has issued its Second Quarter 2026 Shareholder Letter detailing the company’s operational and financial results for the quarter ending June 30, 2026.
In the second quarter of 2026 2026, revenue totalled USD38.6 million, said the company. “Our net loss of USD245.4 million primarily reflected a net operating loss of USD260.9 million and other income of USD15.6 million. Operating expenses for the quarter totalled USD299.5 million and reflected costs to support certification and manufacturing of our aircraft and costs associated with the operation of Blade’s passenger business. Expenses included stock-based compensation of USD52.0 million and depreciation and amortization of USD11.9 million. Other income reflected a higher interest and other income of USD18.9 million, partially offset with the loss on non-cash revaluation of warrants, earnout shares and contingent consideration of USD3.3 million. Net loss in the second quarter of 2026 decreased by USD79.2 million compared with the second quarter of 2025, primarily driven by USD172.3 million improvement in other income.”
Other highlights of the letter include: the first eIPP flights are expected in September in Texas, targeting first passengers in 2026; “strongest quarterly progress yet in fifth and final stage of FAA Type Certification”; five aircraft flying and 12 more in production, as the manufacturing ramp continues; joint venture with Toyota lays groundwork for strategic manufacturing alliance and high-volume production; strong Blade performance, generating USD36.2 million in Q2 revenue, contributing to increased full year 2026 total revenue outlook between USD115 million and USD125 million; strategic partnership with Atoms, the Industrial AI and infrastructure company founded by Travis Kalanick, to develop multimodal transportation hubs across US launch markets; and USD2.3 billion in cash and short-term investments as of June 30, 2026.
For the second half of 2026, Joby anticipates use of cash, cash equivalents and short-term investments to be between USD385 million and USD415 million.
According to JoeBen Bevirt, founder and CEO: “With meaningful progress on certification, partnerships, infrastructure and commercial readiness, we are unlocking the third dimension of mobility and turning electric vertical flight from an extraordinary technology into an everyday reality, giving people their time back and fundamentally changing the way we move.”
For more information
https://ir.jobyaviation.com/news-events/press-releases/detail/187/joby-reports-second-quarter-2026-financial-results
(Image: Joby)