[Joby Aviation Q3 2026 Earnings Call] Joby Raises 2026 Revenue Guidance to $135-$140M as Blade Flies Record 44,000 Passengers, but Adjusted EBITDA Loss Widens to $208M

Joby Aviation reported third-quarter 2026 revenue of $55 million, up $16 million from the prior quarter, driven by a record quarter at its Blade passenger service which flew more than 44,000 passengers.

The company raised its full-year revenue guidance to $135 million-$140 million, up from $115 million-$125 million previously.

Joby remains pre-revenue on its core electric air taxi business and posted a GAAP net loss of $212 million, with an adjusted EBITDA loss of $208 million—widening from the prior quarter’s $197 million loss.

Management cited progress on FAA Stage 5 certification, including for-credit testing completed on multiple components and expected TIA flight testing to begin in the first half of 2027.

Additionally, Joby expanded its U.S. Air Force autonomy contracts to nearly $37 million and disclosed a proposed $450 million acquisition of defense company Resonant Sciences, which has over $100 million in trailing-12-month revenue and growing at about 40%.

The quarter ended with roughly $2.2 billion in cash and short-term investments, and the company reiterated its second-half cash use guidance of $385 million-$415 million.