Joby Aviation, has issued its Fourth Quarter 2025 Shareholder Letter detailing the company’s operational and financial results for the quarter ending December 31, 2025.
Highlights of the latest financial report include a strengthened balance sheet ( Joby had USD1.4 billion in cash and short-term investments as of Q4 2025, plus an additional net USD1.2 billion received in February 2026 and an 18 point increase in FAA progress on the fourth stage of the type certification process.
Further announcements were:
- First FAA-conforming aircraft for TIA set to fly shortly:All of the aircraft required for Type Inspection Authorization are also now in production
- First passengers expected in 2026: Joby expects to carry its first passengers in Dubai this year, as well as completing early operations in the U.S. as part of the White House-backed eVTOL Integration Pilot Program
- Plans to double production capacity in 2027: Joby signed an agreement to acquire a manufacturing facility in the Dayton, Ohio area, spanning more than 700,000 square feet supporting plans to double production to four aircraft per month in 2027
- Hybrid turbine-electric demonstrator completes first flight: Joby’s turbine electric, autonomous VTOL aircraft flew for the first time, just three months after the aircraft concept was announced, alongside a new partnership with L3Harris Technologies
According to JoeBen Bevirt, founder and CEO, said: “2026 will mark a key inflection point for Joby. After a year full of rigorous full-transition flight testing and meaningful progress across every part of our business, we’ve begun to shift our focus from how and when we’ll go to market, to how many aircraft we can produce and where to deploy them.”
For more information
https://www.businesswire.com/news/home/20260225892017/en/Joby-Reports-Fourth-Quarter-2025-Financial-Results
(Image: Joby)