Joby Q4 revenue $30.8M, net loss $121.5M; FAA stage 4 up 18 pts, $1.2B raised post-quarter

Joby Aviation, Inc.

2025-FY EPS reported -$1.13 revenue$53,425,000

Revenue $30.8M in Q4 2025 (vs. $55K in Q4 2024); net loss $121.5M (improved from $246.3M); adjusted EBITDA loss $154.1M.
Cash & short-term investments $1.41B at Dec 31, 2025; additional net $1.2B from equity/convertible offerings in Feb 2026.
FAA certification stage 4 progress up 18 points; first conforming aircraft for TIA to fly shortly; FAA pilots to fly in 2026.
Plan to double production to 4 aircraft/month in 2027; acquired 700K sq ft manufacturing facility in Dayton, Ohio.
First passengers expected in Dubai 2026; hybrid turbine-electric VTOL demonstrator completed first flight in 3 months.

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