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Joby Aviation Posts $929.8M Net Loss in 2025

February 26, 2026

2 min read

Key Takeaways

Joby Aviation's net losses widened to $929.8M in 2025.
Revenue reached $53 million, largely due to Blade acquisition.
Research and development spend stood at $581 million.
Cash position improved to $1.41 billion.

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Strategic Implications

Joby's continued investment in eVTOL development may signal confidence in the certification process, which could accelerate the adoption of advanced air mobility. The company's revenue growth suggests a potential path to profitability, although significant R&D spend indicates ongoing challenges.

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What Happened

Advanced Air Mobility Developer Sees Revenue Growth Amid Certification Push

Joby Aviation, a Californian advanced air mobility developer, has posted its 2025 full-year financial results, revealing a net loss of $929.8 million. Despite the widening loss, the company saw its first meaningful revenue stream of $53 million, largely due to the acquisition of helicopter operator Blade. Joby’s research and development spend reached $581 million, while its cash position improved to $1.41 billion. The company aims to start passenger operations in Dubai before the end of 2026 and has partnered with Uber to integrate air taxi booking requests into the ride-hailing app. This development was first reported by AeroTime.

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