Joby Keeps Losing Money—and the Stock Keeps Rising

Joby Aviation (JOBY) conducted a first point-to-point eVTOL demonstration in New York City, flying a six-rotor aircraft from JFK to Manhattan heliports on April 27, 2026, according to the company. The aircraft was piloted but carried no passengers because FAA certification is not yet in place. Shares have risen over 30% since the test; the article cites about $2.5B cash and $24M revenue as of March.

The article highlights three higher-risk growth stocks for long-term investors: Joby Aviation (JOBY), Curaleaf Holdings (CURLF), and Pony AI (PONY). It says Joby has a ~$12B market cap but lacks U.S. aircraft approval and posted a $930M loss last year. Curaleaf reported 2025 operating income of $25M on ~$1.3B revenue. Pony AI, with ~$5B market cap, reported Q1 revenue of $34.3M (+145% YoY) but an operating loss of $58.3M over the past three months.

Joby Aviation shares have rebounded after a quarterly earnings report, with the company reporting Q1 revenue of $24 million versus $20 million forecast, though losses remained. Joby reiterated 2026 guidance and plans its first commercial launch this year. The report cites regulatory progress, including Type Inspection Authorization and participation in the White House Integration Pilot Program, and notes a sell-side target of $18.

Joby Aviation reported Q1 2026 revenue of $24.25M, above estimates, and raised about $1.3B in May via equity and convertible notes, bringing cash reserves to $2.5B. The company completed inaugural eVTOL flights between JFK and Manhattan and holds exclusive 6-year Dubai air taxi rights. 24/7 Wall St. set a $11.63 price target and buy rating, citing execution cash burn risks.

Joby Aviation shares dropped on Friday and over the last week, influenced by indirect share sales from trusts linked to CEO JoeBen Bevirt and a broader decline in high-risk growth stocks. Despite achieving several operating milestones in its eVTOL development and maintaining a strong cash position, the company faces investor scrutiny regarding certification progress, cash burn, and regulatory hurdles. The stock's future movement will depend on these factors as Joby aims for commercial passenger service amidst market uncertainty.

Joby Aviation reported Q1 2026 revenue of $24 million, exceeding the forecast of $20.2 million, despite a slight aftermarket stock decline of 0.11% to $8.85 due to ongoing operating losses of $110 million. The company maintains a strong cash position of $2.5 billion and is making significant progress in FAA certification, manufacturing ramp-up, and commercial readiness, with an outlook for $105 million to $115 million in revenue for the full year 2026. Executives highlighted advancements in the EIPP program, infrastructure development, and production scaling, emphasizing quality and partnerships like Toyota and ASI, while also noting two potential pathways for passenger flights later this year in Dubai and the U.S.