Advanced Air Mobility Developer Sees Revenue Growth Amid Certification Push
Joby Aviation, a Californian advanced air mobility developer, has posted its 2025 full-year financial results, revealing a net loss of $929.8 million. Despite the widening loss, the company saw its first meaningful revenue stream of $53 million, largely due to the acquisition of helicopter operator Blade. Joby’s research and development spend reached $581 million, while its cash position improved to $1.41 billion. The company aims to start passenger operations in Dubai before the end of 2026 and has partnered with Uber to integrate air taxi booking requests into the ride-hailing app. This development was first reported by AeroTime.