Joby Aviation Ends Q4 with $1.4B Cash, Plans 4 Aircraft/Month by 2027
Joby ended Q4 with $1.4 billion cash, secured $1.2 billion net financing, reported a $122 million GAAP loss and guided 2026 revenue of $105–150 million. Certification advanced with first FAA-conforming aircraft ready to fly, while manufacturing scales to 4 aircraft/month by 2027 and first UAE passenger services slated this year.
1. Financial Results
Joby closed fiscal Q4 with approximately $1.4 billion in cash and completed a post-quarter financing that delivered $1.2 billion in net proceeds. The company reported a GAAP net loss of $122 million, Blade segment revenues of $21 million, and projected full-year 2026 revenue of $105–150 million, primarily from Blade.
2. Certification Progress
Joby’s first FAA-conforming aircraft is now ready to fly following an 18-point increase in FAA Stage Four progress. The company is preparing for FAA Stage Five milestones and expects pilot flight tests later this year as it moves toward full eVTOL type certification.
3. Manufacturing Scale-up
Joby purchased a 728,000 sq ft production facility in Dayton, Ohio, to complement California operations and aims to ramp production to four aircraft per month by 2027. Assembly processes in California were redesigned using Toyota Production System principles, reducing parts and personnel movement by nearly 50% and improving production regularity.
4. Commercial Plans and Partnerships
The company completed its first point-to-point flight in Dubai and is building four network nodes, with two vertiports nearing completion. Joby plans first UAE passenger flights this year under a six-year exclusive agreement, while pursuing U.S. demonstrations via the DOT’s eVTOL Integration Pilot Program and collaborating with Toyota, Uber, Delta, Metropolis and regional partners in Saudi Arabia and Kazakhstan.