Joby Aviation Incorporation

Latest Results (04.04.2026):

Joby Aviation, Inc. (Joby Aviation Incorporation) — Fourth Quarter 2025: In its February 25, 2026 shareholder letter covering Q4 2025 (period ended December 31, 2025), Joby reported significant certification progress, near-term operational milestones including first passengers expected in 2026, plans to scale manufacturing capacity, and a strengthened cash position supporting its next phase of commercialization.

Certification progress

Joby recorded a record 18-point increase in FAA progress on the fourth stage of the type certification process, signaling accelerated maturity of the aircraft design and FAA commitment to eVTOL certification.

Type Inspection Authorization (TIA) readiness

All aircraft required for the FAA’s Type Inspection Authorization are now in production, and the company says its first FAA-conforming aircraft for TIA is set to fly shortly.

Near-term commercial milestones

Joby expects to carry its first passengers in Dubai in 2026 and to begin early U.S. operations as part of the White House–backed eVTOL Integration Pilot Program (eIPP).

Production scale-up

Joby signed an agreement to acquire a manufacturing facility in the Dayton, Ohio area of more than 700,000 square feet and plans to double production to four aircraft per month in 2027.

Technology demonstrations & partnerships

A hybrid turbine-electric autonomous VTOL demonstrator completed its first flight three months after announcement, and Joby disclosed a partnership with L3Harris Technologies tied to that demonstrator.

Commercial partnerships

Joby partnered with Uber in Dubai to show riders how Joby air taxi journeys will be bookable directly via the Uber app.

Balance sheet

Joby reported $1.4 billion in cash and short-term investments as of Q4 2025, plus an additional net $1.2 billion received in February 2026, which management says further strengthens the balance sheet for scaling production and commercialization.

Forward-looking caution

The shareholder letter reiterates standard forward-looking statement disclosures: projected milestones (production rates, launch timing, market size and performance) are subject to risks and uncertainties that could cause actual results to differ materially.