Joby Aviation Q4 net loss $246.3M, cash $933M; certification Stage 4 progress

Joby Aviation, Inc.

2024-FY EPS reported -$0.87 revenue$136,000

Net loss of $246.3M in Q4 2024, from operating loss of $149.9M and non-cash revaluation loss of $106.7M.
Adjusted EBITDA loss of $118.7M, up $22.5M from Q4 2023, reflecting higher employee costs for certification and manufacturing.
Cash, cash equivalents, and marketable securities totaled $933M; Toyota $500M commitment pending, with first $250M tranche regulatory clearances secured.
Stage 4 certification: Joby side >50% complete (12pp increase), FAA side 31% complete (10pp increase); first FAA for-credit aerostructure test passed.
Second aircraft delivered to Edwards AFB; flight test fleet now five aircraft; first passengers targeted late 2025 or early 2026.

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