California-Based eVTOL Developer Sees Solid Cash Position Amid Capital Demand

Joby Aviation reported its 2025 full year financial results on February 25, 2026, with net losses widening to $929.8M despite strong liquidity. The Californian advanced air mobility developer continued to invest in its eVTOL development program, which is advancing towards the final stages of certification with the FAA. Joby’s cash position improved to $1.41 billion, driven by a new equity and convertible debt offering underwritten by existing investors. 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 its popular ride-hailing app.