Joby Aviation Q3 2026: Revenue Surges 144% on Record Blade Passenger Volume

Joby Aviation's Blade helicopter unit carried more than 44,000 passengers in the third quarter of 2026, its highest total on record, with New York airport service alone growing 61% year over year. That volume pushed total revenue to $55.09 million, a 144% gain from the same period a year earlier and well ahead of the $40.42 million Wall Street had expected, a 36% beat.

The loss per share on a GAAP basis came in at $0.22, beating the $0.25 consensus estimate. That figure includes a $49.8 million non-cash gain from the revaluation of warrants, earnout shares, and contingent consideration, as well as $3.5 million in acquisition transaction costs, so the headline beat carries some nuance for investors scrutinizing the underlying cash picture.

Management raised full-year 2026 revenue guidance to $135 million to $140 million, up from the prior range of $115 million to $125 million, citing Blade's strong performance. At the same time, the company kept its second-half cash-use guidance unchanged at $385 million to $415 million, a figure that reflects continued spending on eVTOL certification, manufacturing expansion, and commercial preparations.

On the certification front, CEO JoeBen Bevirt said the company completed a wide range of for-credit testing with the FAA during the quarter, covering components including the fuselage, propeller hubs, tail, and ruddervators, as the program works through the fifth and final stage of the five-stage type certification process. FAA pilot training and Joby flight testing ahead of full type inspection authorization testing are expected in the first half of 2027.

Bevirt also highlighted that Joby's J208 Superpilot autonomous aircraft completed what the company believes to be the first fully autonomous flight of a civilian aircraft across the United States, covering 3,199 miles coast-to-coast with zero disengagements. Separately, the company announced an expansion of autonomy-focused contracts with the U.S. Air Force to nearly $37 million, and plans to close its acquisition of Resonant Sciences, which had more than $100 million in trailing-twelve-month revenue, in early 2027.