Quarterly ResultMay 5, 2026, 04:15 PM
Joby Q1 Revenue $24M; Net Loss $(110)M; Initial Operations in 2026
AI Summary
Joby Aviation reported Q1 2026 revenue of $24 million and a net loss of $(110) million, or $(0.12) per share. The company ended the quarter with a strong balance sheet of $2.5 billion in cash and investments. Operationally, Joby achieved significant milestones, including the launch of its Electric Skies Tour with landmark eVTOL flights in San Francisco and New York City, the first flight of its FAA-conforming aircraft for TIA, and selection as a partner in the White House-backed eIPP, enabling initial operations in up to 11 states in 2026.
Key Highlights
- Q1 2026 Revenue totaled $24 million.
- Net loss for Q1 2026 was $(109.950) million, or $(0.12) per share.
- Ended Q1 2026 with $2.5 billion in cash, cash equivalents, and short-term investments.
- Initial operations expected to begin in 2026 under the White House-backed eIPP in up to 11 states.
- First FAA-conforming aircraft for Type Inspection Authorization (TIA) took flight.
- Completed SR3 audit with the FAA, the third of four major certification reviews.
- Composites production is running at over 2.5 times last year's volume.
- Full year 2026 revenue guidance maintained at $105 million to $115 million.