Joby's Q2 revenue leaps to $38.6M on Blade deal, but losses deepen as executives adopt 10b5-1 plans
JOBY sits 19% above its 52-week low of $6.63.
Summary
Joby Aviation reported Q2 2026 revenue of $38.6M, driven by its Blade acquisition, but operating losses widened to $260.9M. The company also disclosed multiple executive 10b5-1 trading plans and the transition of its President of Aircraft OEM to a senior advisor role.
Key Events · Earnings and Guidance · JOBY
-
Revenue Surges on Blade Deal
Q2 2026 revenue reached $38.6M, up from $15K a year ago, driven by passenger services from the Blade acquisition and government contracts.
-
Operating Losses Widen
Operating loss grew to $260.9M from $167.9M, with R&D up 43% to $194.7M and SG&A up 143% to $76.6M, reflecting scaling costs.
-
Strong Liquidity Position
Cash and short-term investments totaled $2.26B at quarter-end, after raising $1.29B in H1 2026 through equity and convertible note offerings.
-
Executive 10b5-1 Trading Plans
Chairman Paul Sciarra, President of Operations Bonny Simi, and three other officers adopted plans to sell shares beginning August 2026, totaling over 2.7M shares.
Analysis · JOBY · Manufacturing
The first full quarter with Blade transforms the top line—revenue hits $38.6M versus near-zero a year ago—but the cost of scaling is steep: operating loss reached $260.9M, up 55% year-over-year. R&D spending jumped 43% as the company pushes toward certification, while SG&A more than doubled. The balance sheet remains strong with $2.26B in cash and short-term investments after raising $1.29B in H1 2026, yet the filing also reveals a wave of 10b5-1 trading plans from top executives and the departure of the President of Aircraft OEM to a senior advisor role. Surging revenue, widening losses, and insider selling signal a company in a high-stakes transition from development to commercial operations.
At the time of this filing, JOBY was trading at $7.87 on NYSE in the Manufacturing sector, with a market capitalization of approximately $7.7B. The 52-week trading range was $6.63 to $20.80. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.