Joby Reports Third Quarter 2025 Financial Results
The Future of Flight Is Taking Off From Santa Cruz
Not far from the deep blue waters of the Monterey Bay, Joby Aviation is quietly leading a global revolution in the skies. Its latest third-quarter 2025 report doesn’t read like a standard earnings release—it reads like a countdown to the world’s first fully electric air taxi network.
In Q3, Joby achieved milestones that would once have sounded like science fiction. The company entered the final stage of FAA type certification, powering on its first “conforming aircraft” now eligible for test flights with federal inspectors. It’s the aviation equivalent of a spacecraft clearing the launch tower—a clear sign that commercial operations are within reach.
This progress is more than technical; it’s economic and regional. From its Santa Cruz headquarters, Joby has become the gravitational center of a new industry: advanced air mobility. More than 100 new manufacturing roles were added in 2025, with facilities in both Marina and Dayton ramping production of propeller systems and composite parts. That ramp has produced 15 times more conforming components than last year—a signal that scale, not just prototypes, is now the goal.
Meanwhile, Joby’s aircraft are logging real miles and public exposure. In Japan, the company’s demonstration flights in Osaka during World Expo 2025 introduced thousands to silent vertical takeoff and landing in live urban airspace. Here at home, a point-to-point flight from Marina to Monterey proved the system’s readiness for shared air corridors and future regional transport.
Financially, the company ended the quarter with nearly $1 billion in cash and raised an additional $576 million in October to fund certification and launch efforts. Its partnership with Uber and integration with Blade’s short-haul service place Joby on the verge of connecting everyday travelers with a zero-emission flight option.
“Santa Cruz has always been known for surfing waves,” one local engineer quipped, “but now we’re learning to surf the sky.”
From the cliffs of Monterey Bay to the runways of Marina, Joby Aviation’s progress shows that the future of flight isn’t just coming—it’s being built right here on the Central Coast. And when electric air taxis finally take off, they’ll carry more than passengers; they’ll carry the legacy of Santa Cruz ingenuity into the air.
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