Joby Aviation, Inc. · NYSE:JOBY
Joby Aviation — Q4 2025 Earnings Presentation
18 slides from Joby Aviation's earnings presentation, Feb 25, 2026
Slide 1: Q4 2025 Shareholder Letter
JOBY AVIATION FEBRUARY 25, 2026 JOBYAVIATION.COM Q4 2025 Letter Shareholder
Slide 2: Highlights
Highlights Record 18 point increase in FAA progress on fourth stage of certification First FAA-conforming aircraft for TIA set to fly shortly First passengers expected in 2026 Plans to double production capacity in 2027 Turbine electric demonstrator aircraft completes first flight $1.4B in cash and
Slide 3: Certification Progress
Certification Progress WE CONTINUE TO MAKE EXCELLENT PROGRESS Type Inspection Authorization now in production, toward certifying our aircraft, posting record progress supported by a robust ground and flight test program on the FAA side of the fourth stage of certification, that saw Joby’s electric a
Slide 4: Preparing for Early Operations
Preparing for Early Operations WE RECENTLY ANNOUNCED the first four vertiports in our Dubai network, as we prepare to carry our first passengers later this year. Construction is already well underway at Dubai International Airport (DXB) and the American University of Dubai, with landing sites at Pal
Slide 5: Doubling Production
Doubling Production AMIDST UNPRECEDENTED GLOBAL SUPPORT for advanced air mobility, we announced our intention to double manufacturing capacity from two to four aircraft per month in 2027. Alongside strong governmental support for the launch of operations this year in Dubai and in the U.S., via the e
Slide 6: Unprecedented Global Demand
Unprecedented Global Demand WE CONTINUE TO SEE SIGNIFICANT DEMAND for In Japan, we completed a flight demonstration at our product across the globe and during the quarter Toyota’s Fuji Speedway site near Mount Fuji, as part we signed a range of deals that will support early of the company’s World Ar
Slide 7: Hybrid Demonstrator Flies
Hybrid Demonstrator Flies OUR TURBINE ELECTRIC, AUTONOMOUS VTOL to equip the hybrid aircraft to address defense aircraft flew for the first time, just three months applications, such as contested logistics, “loyal after we announced the aircraft concept alongside wingman” operations and low altitude
Slide 8: Quarter in Photos
Celebrating the launch of propeller production The Dubai Mall is set to host one of the first vertiports in Joby’s Dubai network. at our facility in Ohio. We were honored to have a special visit from US Air Force Colonel Merryl Tengesdal, Visitors watching a Joby aircraft demonstration during the Du
Slide 9: Quarter in Photos
Toyota Chairman Akio Toyoda visits We welcomed more than 1,000 of our team members and their families Joby’s mockup aircraft in Tokyo. to Marina for Joby Family Day. Chris Shay of the San Jose Sharks and Matt Mahan, Mayor of San Jose, We partnered with Uber to introduce our combined service to futur
Slide 10: Financial Updates
Financial Updates Q4 2025 Shareholder Letter February 25, 2026 Joby Aviation 10
Slide 11: Fourth Quarter 2025 Financial Summary
Fourth Quarter 2025 Financial Summary IN THE FOURTH QUARTER OF 2025, revenue totaled common stock issuance in private placement, impact $30.8 million. Our net loss of $121.5 million primarily from revaluation of non-operating derivative liabilities, reflected a net operating loss of $206.8 million a
Slide 12: Consolidated Statement of Operations
Consolidated Statement Statement of Operations of Operations JOBY AVIATION, AVIATION, INC. AND SUBSIDIARIES Unaudited Unaudited(in (Inthousands, thousands,except exceptshare shareand andper pershare sharedata) data) Three months ended Year ended December 31, December 31, 2025 2024 2025 2024 Revenue
Slide 13: Consolidated Balance Sheets
Consolidated Consolidated Balance BalanceSheets Sheets JOBY AVIATION, INC. JOBY AVIATION, AND SUBSIDIARIES INC. AND SUBSIDIARIES Unaudited Unaudited(in (Inthousands) thousands) December 31, December 31, 2025 2024 Assets Current assets: Cash and cash equivalents $ 240,810 $ 199,627 Short-term investm
Slide 14: Consolidated Statement of Cash Flows
Consolidated Consolidated Statement Statement of of Cash Cash Flows Flows JOBY AVIATION, INC. JOBY AVIATION, INC. AND AND SUBSIDIARIES SUBSIDIARIES Unaudited Unaudited (in (Inthousands) thousands) Year ended December 31, 2025 2024 Cash flows from operating activities Net loss $ (929,842) $ (608,034)
Slide 15: Non-GAAP Financial Measures
Non-GAAP Non-GAAP Financial Measures Financial Measures JOBY AVIATION, INC. AND SUBSIDIARIES Unaudited (in thousands) JOBY AVIATION, INC. AND SUBSIDIARIES Unaudited (In ADJUSTED thousands) EBITDA is a non-GAAP measure of operating financials, provides investors and management with a performance that
Slide 16: Webcast Details
Webcast Details THE FOURTH QUARTER 2025 FINANCIAL RESULTS WEBCAST is scheduled to take place at 5:00pm ET (2:00pm PT) on February 25, 2026. The webcast will be publicly available in the Financial Results section of the company’s investor website: ir.jobyaviation.com. Upcoming Events RAYMOND JAMES 47
Slide 17: Forward-Looking Statements
Forward-Looking Statements THIS SHAREHOLDER LETTER contains “forward- “intend”, “believe”, “may”, “will”, “should”, “can have”, looking statements” within the meaning of the “likely” and other words and terms of similar meaning in “safe harbor” provisions of the Private Securities connection with an
Slide 18: <7 Joby
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