Joby Aviation, Inc. filed its quarterly report on Form 10-Q with the SEC for the three-month period ended September 30, 2026, disclosing revenue of $55,089 thousand and a loss from operations of $278,097 thousand for the quarter.

Key Highlights

  • Quarterly revenue of $55,089 thousand compared to $22,574 thousand in the same quarter of 2025, according to the filing.
  • Nine-month revenue of $117,974 thousand against $22,589 thousand for the first nine months of 2025, the filing disclosed.
  • Loss from operations of $278,097 thousand for the three months ended September 30, 2026, versus a loss of $181,667 thousand in the prior-year quarter.
  • Total cash, cash equivalents and short-term investments of $2,197,866 thousand as of September 30, 2026, up from $1,407,916 thousand at December 31, 2025.
  • Long-term debt of $702,571 thousand appeared on the September 30, 2026 balance sheet, compared to zero at December 31, 2025.
  • 1,016,642,259 shares of common stock outstanding as of November 2, 2026, the filing stated.
  • Accumulated deficit reached $3,352,802 thousand at September 30, 2026, rising from $2,785,579 thousand at December 31, 2025.

Joby Aviation's Third-Quarter 2026 Financial Position and Operating Results

According to the Form 10-Q filed with the SEC for the quarterly period ended September 30, 2026, Joby Aviation (NYSE:JOBY), an electric air taxi developer headquartered in Santa Cruz, California, reported total revenue of $55,089 thousand for the three months ended September 30, 2026. This compares to $22,574 thousand for the same period in 2025. For the nine months ended September 30, 2026, the company reported total revenue of $117,974 thousand against $22,589 thousand in the year-earlier period. Cost of revenue for the third quarter was $39,019 thousand, with research and development expenses reaching $208,599 thousand and selling, general and administrative expenses of $85,568 thousand, bringing total operating expenses to $333,186 thousand for the quarter.

The filing disclosed a loss from operations of $278,097 thousand for the three months ended September 30, 2026, compared to a loss of $181,667 thousand in the third quarter of 2025. For the nine-month period, the loss from operations was $772,560 thousand versus $512,815 thousand a year earlier. Interest and other income, net, was $16,732 thousand for the quarter and $53,445 thousand for the nine months ended September 30, 2026. The company also reported a gain from the change in fair value of warrants, earnout shares, and contingent consideration, net, of $49,765 thousand for the third quarter of 2026, compared to a loss of $229,149 thousand in the third quarter of 2025.

The balance sheet as of September 30, 2026 showed total assets of $2,687,192 thousand, up from $1,795,069 thousand at December 31, 2025. Property and equipment, net, grew to $241,535 thousand from $146,571 thousand over the same period. Total liabilities increased to $940,376 thousand from $385,356 thousand, with $702,571 thousand in long-term debt recorded at the end of the third quarter where none existed at year-end 2025. The warrant liability declined to $12,139 thousand from $104,878 thousand, and the earnout shares liability fell to $56,138 thousand from $156,692 thousand. Total stockholders' equity was $1,746,816 thousand at September 30, 2026. The company noted that statements in the filing regarding future financial position and strategy are forward-looking and subject to its cautionary language.

What Was Disclosed

Joby Aviation filed its Form 10-Q for the quarter ended September 30, 2026, reporting $55,089 thousand in quarterly revenue, a $278,097 thousand operating loss, $2,197,866 thousand in combined cash and short-term investments, and $702,571 thousand in new long-term debt not present at year-end 2025.