Joby reports stronger quarter, shrinking net loss, generating Blade business revenue
Article excerpt
In celebration of America’s 250th anniversary, Joby flew its air taxi to Oshkosh, Wisc. and other communities. Joby Aviation Inc., which has long-term plans to make electric flying taxis in Dayton and Vandalia, reported stronger quarterly performance, saying its Blade helicopter service business generated $36.2 million in the second quarter of 2026. Still, the company saw a net loss of $245 million. Joby says its electric aircraft is in the fifth and final stage of Federal Aviation Administration certification, with five aircraft flying and a dozen more in production. Joby reported strong Blade performance, generating $36.2 million for the quarter, contributing to a stronger full year 2026 full company revenue outlook between $115 million and $125 million. Joby acquired Blade Air Mobility's passenger business for $125 million in August 2025. The acquisition has proven to be an important one for the company. “The number of seats sold this quarter was up more than 50% year-over-year, representing the best Q2 on record and helping us raise our full-year revenue outlook for the company,” JoeBen Bevirt, Joby’s founder and chief executive, said in a shareholder letter released Wednesday, Aug. 5, after the close of markets. Blade flew more than 50,000 passengers in 2024 via helicopter from a network of 12 urban terminals As of the end of June, Joby said it had $2.3 billion in cash...
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The company also bought a large Stonequarry Crossings Industrial Park building early in 2026 for $62 million, with plans to bring wider aircraft production to Vandalia.
