Joby Aviation, Inc. (JOBY) Form 10-Q — Nov 4, 2026
Joby Aviation's Q3 2026 revenue surged to $55.1M from $22.6M a year ago, driven primarily by the Blade passenger business, though the company still posted a $211.8M quarterly net loss. The balance sheet strengthened dramatically with $2.20B in cash and short-term investments after a $690M 0.75% convertible note issuance, a $576M equity offering, and $128M of ATM sales during the quarter. Joby agreed in August 2026 to acquire Resonant Sciences for approximately $500M, positioning it as the company's dedicated defense business, and launched a manufacturing joint venture with Toyota (JTAMPC) in which Toyota holds 51%.
Key figures
- Revenue
- 55089000
- Total Debt
- 702571000
- Revenue Yoy
- +144% (Q3 2026 vs Q3 2025: $55.1M vs $22.6M)
- Total Assets
- 2687192000
- Cash Position
- 2197866000
- Shares Outstanding
- 1016642259
- Atm capacity
- 750000000
- Mortgage loan
- 30750000
- Capped call cost
- 63300000
- Aerosonic verdict
- 116900000
- Mortgage loan rate
- 6.784%
- Nine month revenue
- 117974000
- Accumulated deficit
- 3352802000
- Atm net proceeds q3
- 128200000
- Vertiport commitment
- 50000000
- Convertible notes rate
- 0.75%
- Convertible notes maturity
- February 15, 2032
- Resonant acquisition price
- 500000000
- Convertible notes principal
- 690000000
- Stock offering net proceeds
- 576300000
- Cash and short term investments dec 2025
- 1407916000
AI analysis
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