Joby Aviation Incorporation

Latest Results (20.11.2025):

Joby Aviation, Inc. — Third Quarter 2025: Joby reported operational progress tied to its commercialization plan and provided limited direct earnings figures; the company ended Q3 2025 with $978.1 million in cash, cash equivalents and marketable securities and completed an October 2025 underwritten equity offering with approximately $576 million of net proceeds to support certification, manufacturing and commercial launch activities.

Cash & liquidity

Joby ended Q3 2025 with $978.1 million in cash, cash equivalents and investments in marketable securities, providing near-term runway for certification and scale-up activities.

Equity offering

In October 2025 Joby completed an underwritten equity offering with net proceeds of roughly $576 million; proceeds are earmarked for certification and manufacturing efforts, preparing for commercial operations, and general working capital.

Financial/earnings disclosure

The shareholder letter does not disclose revenu e, net income/loss, EPS, or detailed operating expense line items for Q3 2025—financial detail beyond cash and the equity raise is limited in this release.

Certification progress (financial implications)

Joby began power‑on testing of FAA‑conforming aircraft for Type Inspection Authorization (TIA), enabling extensive hardware/software testing and "for credit" flight testing — a key milestone that, if successful, materially affects the timing of commercial revenue potential.

Production investment

Joby expanded manufacturing capacity (added 100+ manufacturing roles, began propeller blade production in Dayton) and reported producing 15x more type‑design conforming parts than in all of 2024, signaling increased capital deployment toward scale.

Commercial readiness & potential revenue drivers

Operational demonstrations included over 600 flights in 2025, a point‑to‑point Marina‑Monterey flight, two weeks of scheduled flights at Expo 2025, and Blade passenger service (≈40,000 passengers in the quarter) plus expanded Uber integration — activities that support future monetization though they are not presented as recognized revenue in this release.

Forward outlook & risks

Management highlighted regulatory and technological progress but reiterated forward‑looking risks (certification timing, production scale, capital needs, supplier reliance). The recent capital raise is intended to fund near‑term priorities, but further funding needs remain possible depending on certification and commercialization timelines. Summarized from source with an LLMView Source