Airlines
JOBY reported its first significant revenue from the Blade acquisition in Q2 FY2026, but operating losses deepened as it ramps investment ahead of planned 2026 passenger flights.
Key risk: Continuing Operating Losses and Negative Cash Flow
The company reported a net loss of $245.4 million and negative operating cash flow of $317.6 million year-to-date, with no clear timeline for profitability. Sustained losses could strain liquidity if capital markets become unfavorable.