New York, Feb 27, 2026, 08:03 EST — Premarket
- Joby Aviation lost 1.7% ahead of the open, taking a step back after climbing 4.2% during the previous session.
- Air-taxi maker picked Dubai as its first passenger market for this year, and also outlined its latest steps with the FAA.
- The company recorded $30.8 million in revenue for the quarter but ended up reporting a net loss of $121.5 million.
Joby Aviation dropped 1.7% to $10.06 ahead of Friday’s open, after notching a 4.2% gain the previous session. Investors have been tossing the stock around lately, digesting fresh certification news and an Uber tie-in proposal. StockAnalysis
The clock’s ticking for electric air taxi startups. Cash drains fast as they wait for regulatory green lights, and deadlines rarely stay put. Joby faces a crucial stretch—its priority now is to prove it can translate test flights and filings into an actual commercial debut.
Joby is aiming to fly its first passengers in Dubai before the end of this year, after what it described as a record 18-point advance in stage four of the FAA type certification process. The company also said its initial FAA-conforming aircraft, needed for “Type Inspection Authorization” — allowing FAA pilots to get onboard and fly it for certification — will be airborne soon.
Founder and CEO JoeBen Bevirt called 2026 a “key inflection point” for Joby, saying the company is turning its attention to production numbers and deployment locations for its aircraft.
Joby reported fourth-quarter revenue of $30.8 million in its latest shareholder letter, alongside a net loss of $121.5 million. Operating expenses came in at $237.6 million. The company also flagged a slate of upcoming investor conferences: Raymond James, Morgan Stanley, Cantor Fitzgerald and J.P. Morgan.
Uber is rolling out “Uber Air powered by Joby,” letting customers book flights straight from the Uber app. Ground transfers? Those stay with Uber Black. “The goal is a simple and familiar, one-tap experience,” Chief Product Officer Sachin Kansal said. Uber Investor Relations
Eric Allison, Joby’s Chief Product Officer, described the company’s goal as creating “a new layer of urban transportation.” He pitched the partnership with Uber as a move to help make air taxi rides something users already understand. Uber Investor Relations
Joby’s annual report landed Friday, laying out its certification path with the FAA and ongoing talks with regulators in the UK, Japan, and the UAE. The document pointed to moves to ramp up manufacturing, highlighting a new Ohio site acquired in January. Joby Aviation, Inc.
The company’s focus has shifted toward defense-adjacent projects. It’s putting the spotlight on a hybrid turbine-electric demonstrator, plus a partnership with L3Harris that, according to the company, could play into longer-range operations and government demos lined up for 2026.
Archer Aviation and Vertical Aerospace, among others, are also pushing for comparable approvals. Lately, regulatory updates and funding calculations have been driving the sector, not immediate sales figures.
But the risks aren’t off the table. Certification might get delayed, infrastructure could hit snags, and a hiccup in testing would leave Joby stuck burning cash before it starts making money — or back in the market for more funding.
Eyes now turn to whether Joby hangs onto those gains at the open. Investors are also set for updates out of the company’s upcoming rounds on the conference circuit: Cantor Fitzgerald’s Global Technology & Industrial Growth Conference, March 10-11, and J.P. Morgan’s Industrials Conference, March 17. Cantor
