Joby Aviation Stock Earnings Reports

Joby reported major program and operational milestones in Q3 2025: they have begun power-on testing of the first aircraft built for Type Inspection Authorization (TIA), marking entry into the final stage of FAA certification and signaling strong progress toward Type Certification. Joby is building five TIA aircraft and is executing detailed FAA-approved manufacturing and test processes. Flight test cadence and public demonstrations (Marina, Monterey, Salinas, Osaka World Expo, Ryder Cup via Blade) showcased aircraft maturity and operational readiness. Joby is preparing for scaled production (working closely with Toyota), has started propeller blade production in Dayton, and is positioning to participate in the U.S. eIPP precertification program — which could accelerate early operations. They are also advancing dual-use variants (hybrid/turbine with L3Harris) and autonomy (Superpilot / NVIDIA IGX partnership), with initial autonomy demonstrations expected on the defense hybrid vehicle feeding into commercial applications. Financially, Joby ended Q3 with ~$978M in cash and short-term investments and raised additional net proceeds of ~$576M in October, while Q3 cash burn was $147M and they reaffirm full-year 2025 cash use guidance ($500M–$540M). Blade (acquired Aug 29) contributed revenue and operational know-how to de-risk early commercial operations and expand route offerings. Management flagged manufacturing ramp as the principal constraint to meeting accelerating demand from international early adopters and eIPP opportunities, and emphasized readiness to begin FAA flight testing for credit as FAA resources permit.