$JOBY · Joby Aviation, Inc.
Joby Aviation filed its Q3 2026 10-Q. Revenue grew 144% YoY to $55.1M (nine months: $118.0M vs $22.6M). Net loss narrowed to $211.8M from $401.2M, helped by a $49.8M gain on warrant/earnout fair-value changes versus a $229.1M loss a year ago. Operating loss widened to $278.1M from $181.7M as R&D climbed to $208.6M and SG&A to $85.6M. Cash and short-term investments totaled $2.20B, and long-term debt of $702.6M appeared on the balance sheet.
- Revenue rose 144% YoY to $55.1M in Q3 2026.
- Net loss narrowed to $211.8M from $401.2M a year earlier.
- R&D spending climbed to $208.6M from $149.2M YoY.
- Cash and short-term investments totaled $2.20B at quarter-end.
- Long-term debt of $702.6M was added to the balance sheet.
Extended-hours last trade $5.28, up 4.56% vs the $5.05 regular close, suggesting a mildly positive reaction to narrowing losses and revenue growth.
Joby's first meaningful revenue ramp (144% YoY) alongside a sharply narrower loss marks a key inflection for the eVTOL leader, even as cash burn persists.
Joby's triple-digit revenue growth reflects early commercialization in the eVTOL space, though heavy R&D and operating losses remain the norm for pre-revenue-scale air-taxi peers.
Rising operating expenses (R&D up 40% YoY) and continued net losses signal ongoing cash burn; the new $702.6M long-term debt adds leverage. Fair-value swings on warrants/earnouts create earnings volatility.