Joby Lifts 2026 Revenue Outlook After Blade Expansion

The Tip Desk · August 5, 2026 · 3 min read

Blade generated $36.2 million in the second quarter as Joby raised its full-year revenue outlook to $115 million to $125 million.

Joby Aviation, Inc. (JOBY), the California-based developer of electric air taxis, raised its full-year 2026 revenue outlook to a range of $115 million to $125 million after Blade, the passenger air service it acquired a year earlier, generated $36.2 million in the second quarter.

That Blade result accounted for most of the company’s $38.6 million of total revenue in the three months ended June 30, 2026, compared with $15 thousand a year earlier. Seats sold on Blade were up more than 50% year over year, which Joby described as the best second quarter on record. Hamptons revenue grew more than 40% year over year. The company said Blade revenue grew 32% year over year in the first half of 2026 and that it is raising the full-year outlook on that trajectory. On many routes, aircraft availability rather than passenger demand is now the primary constraint.

The air-taxi program itself remained a development business. Five electric air taxis were flying, including the first FAA-conforming aircraft, and 12 more were in production, including two planned for delivery this year. The quarter marked Joby’s strongest progress yet in the fifth and final stage of FAA type certification. Data as of July 31 showed Joby at 100% on the certification basis, 97% on means of compliance and 83% on certification plans, with the FAA at 100%, 97% and 77% on those stages and 20% on testing and analysis.

The company is preparing to conduct its first flights under the White House-backed eIPP program in September, including a week-long campaign of piloted vertical takeoff and landing flights across the Dallas-Fort Worth area. It continues to target carrying its first passengers in 2026.

During the quarter, Joby formed a joint venture with Toyota to support high-volume commercial production, building on more than seven years of collaboration. It also announced a partnership with Atoms, the industrial AI and infrastructure company founded by Travis Kalanick, to develop multimodal transportation hubs in Florida, New York and Texas—the markets where Joby is preparing eIPP operations—as well as California. In July, it signed a multi-year agreement making Virgin Atlantic its exclusive airline partner in the UK.

Net loss was $245.4 million, or $0.25 a share, down $79.2 million from the second quarter of 2025, primarily on a $172.3 million improvement in other income that included a $122.9 million reduction in fair-value losses on warrants, earnout shares and contingent consideration. Compared with the first quarter of 2026, net loss increased by $135.5 million from $110 million as other income was $108.2 million lower after a non-cash revaluation loss versus a prior-quarter gain.

Loss from operations was $260.9 million. Operating expenses totaled $299.5 million, including $194.7 million of research and development and $76.6 million of selling, general and administrative costs, plus $52.0 million of stock-based compensation and $11.9 million of depreciation and amortization. Adjusted EBITDA was a loss of $197 million.

Cash, cash equivalents and short-term investments were $2.3 billion as of June 30, 2026, down from $2.5 billion at the end of the first quarter. Second-quarter use of cash, cash equivalents and short-term investments was $202 million. Excluding a $32 million first-quarter investment in the Ohio facility, first-half use totaled $365 million, in line with guidance. For the second half of 2026, Joby anticipates use of cash, cash equivalents and short-term investments of $385 million to $415 million.