Joby Aviation reports Q2 EPS 41c, two estimates (20c)

Joby ended the second quarter of 2025 with $991 million in cash, cash equivalents, and investments in marketable securities. Joby continues to estimate that our use of cash, cash equivalents and short-term investments during 2025 will range between $500-$540 million, excluding any potential impact of its proposed acquisition of the passenger business of Blade. The company states: “WE’RE SETTING THE PACE for the industry. We’ve completed structural testing and are preparing for the final assembly of our first FAA-conforming aircraft intended for Type Inspection Authorization. When this conforming aircraft is completed, it will enter the final phase of FAA Type Certification, which involves FAA test pilots directly evaluating the aircraft’s performance and safety. We’re aiming to have five of these aircraft for this phase and expect FAA test pilots to begin flying them next year. We’re also more than 50% complete on the FAA side and over two-thirds complete on the Joby side of Stage 4 of the certification process.”