Joby Aviation
Builds electric air taxis and operates conventional passenger flights through Blade.
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Profile
Develops piloted electric air taxis, runs helicopter and fixed-wing passenger bookings through Blade, and serves defense customers. Revenue comes mainly from conventional passenger flights and government operations while the vertically integrated eVTOL platform remains in FAA type certification.
Develops and manufactures a piloted, all-electric eVTOL aircraft for urban air-taxi networks, while operating conventional helicopter and fixed-wing passenger services through Blade. Defense work covers customer-directed flights, on-base operations, and autonomous or hybrid demonstrations; H2FLY develops hydrogen-electric fuel-cell systems. Engineering services supplement these lines.
Vertically integrates aircraft design, component engineering, manufacturing, charging, operating software, and preparations for flight operations and maintenance. Production and testing are centered in California, with high-rate manufacturing planned in Ohio. Routes to market combine directly operated services, local operating affiliates, and aircraft sales across the United States, Middle East, Europe, and Asia.
The core eVTOL remains in FAA type certification despite existing air-carrier, repair-station, and flight-school certificates. Scaling depends on completing aircraft and production certification, expanding manufacturing, and securing operating and landing-site approvals in each market.
Company facts
Categories
Key statistics
Year to date −51.5% · Average volume (30d) 35.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 6, 2026 | Susquehanna | Target | $18 | |||
| Aug 6, 2026 | Needham | Reiterate | Buy | $18 | $15 | |
| May 6, 2026 | Morgan Stanley | Reiterate | Equal Weight | $15 | $13 | |
| Mar 12, 2026 | H.C. Wainwright | Target | $18 | |||
| Feb 26, 2026 | Needham | Reiterate | Buy | $18 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | −$0.23 | −$0.25 | −7.0% | $30.2M | $38.6M | +28.0% | +5.51% |
| May 5, 2026Q1 FY26 | −$0.21 | −$0.21 | 0.0% | $20.2M | $24.2M | +20.2% | +21.20% |
| Feb 25, 2026Q4 FY25 | −$0.20 | −$0.20 | 0.0% | $16.2M | $30.8M | +90.6% | +4.18% |
| Nov 5, 2025Q3 FY25 | −$0.19 | −$0.26 | −35.6% | $3.4M | $22.6M | +563.7% | −4.53% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $15.0K | $22.6M | $30.8M | $24.2M | $38.6M | |
| Gross profit | $0 | −$9.7M | $12.5M | $515.0K | $5.4M | $10.3M | |
| Operating income | −$163.3M | −$167.9M | −$181.7M | −$206.8M | −$233.6M | −$260.9M | |
| Net income | −$82.4M | −$324.7M | −$401.2M | −$121.5M | −$110.0M | −$245.4M | |
| Diluted EPS | −$0.11 | −$0.41 | −$0.48 | −$0.14 | −$0.12 | −$0.25 | |
| Gross margin | — | -64,986.7% | 55.4% | 1.7% | 22.4% | 26.8% | |
| Operating margin | — | -1,119,093.3% | -804.8% | -670.6% | -963.4% | -675.2% |
Fiscal years (4-quarter sums)FY21 $0 · FY22 $0 · FY23 $1.0M · FY24 $136.0K · FY25 $53.4M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $2.26B · Total debt $735.4M · Total assets $2.75B · Shareholders' equity $1.77B
Dividends
No dividends on record.
Ownership
Shares outstanding 983.64M · Float 662.90M · 67.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Toyota Motor Corp/ | 128.45M | 13.06% | 13F | Aug 4, 2026 |
| Baillie Gifford & Co | 61.14M | 6.22% | 13F | Aug 6, 2026 |
| JoeBen Bevirt · director, officer: CEO and Chief Architect | 58.05M | 5.90% | Form 4 | Aug 18, 2026 |
| Paul Cahill Sciarra · director | 55.93M | 5.69% | Form 4 | Aug 14, 2026 |
| BlackRock, Inc. | 53.51M | 5.44% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Gregory Bowles | officer: Chief Policy Officer | −4,575 | $7.23 |
| Aug 24, 2026 | Gregory Bowles | officer: Chief Policy Officer | −3,531 | $7.34 |
| Aug 17, 2026 | JoeBen Bevirt | director, officer: CEO and Chief Architect | −596,667 | $7.87 |
| Aug 13, 2026 | Paul Cahill Sciarra | director | −62,500 | $7.96 |
| Jul 15, 2026 | JoeBen Bevirt | director, officer: CEO and Chief Architect | −596,666 | $7.75 |
Peers
- Archer Aviation
Closest US eVTOL rival racing FAA type cert on the same timeline with Midnight.
- Eve
Embraer-backed eVTOL developer; $13.5B backlog, first flight December 2025.
- EHang (ADR)
World's first CAAC-certified eVTOL operator, commercially flying since 2026.
- BETA Technologies
Amazon- and GE Aerospace-backed US electric aircraft maker, VTOL cert by 2028.
- Vertical Aerospace
UK eVTOL developer; ~1,500 pre-orders, Valo targeting 2028 certification.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Joby Aviation | $7.01 | +0.57% | $6.87B | — | — | 59.0 | +257,493.3% |
| Archer Aviation | $5.75 | 0.00% | $4.37B | — | — | 633.0 | — |
| Eve | $2.29 | −0.85% | $804.6M | — | — | — | — |
| EHang (ADR) | $4.60 | +2.22% | $167.4M | — | — | 3.2 | −44.1% |
| BETA Technologies | $20.45 | +1.44% | $4.48B | — | — | 99.9 | — |
| Vertical Aerospace | $0.6889 | +1.26% | $87.0M | — | — | — | — |
| Median | — | — | 99.9 | −44.1% |